Call It Your Safe Space
Call It Your Safe Space
Lionsgate, Warner Bros. Discovery and Paramount Global are among the hit Hollywood stocks for Q1 2023. Like the recent stock market volatility due to bank failures. Sports entertainment powerhouse WWE, exhibitors Cinemark and Roku, and music streamer his Spotify topped the list in his first three months of the year. The factor behind their outperformance […]
Advertising is a recurring theme as major media, entertainment and technology companies scale back in search of better profit margins. In recent months, Warner Bros. Discovery CEO David Zaslav has called the ad market “extremely weak,” NBCUniversal chief Jeff Shell deemed it “shallow,” and Paramount topper Bob Bakish has called it “cyclical.” severe,” he said. […]
Post Malone settled a copyright lawsuit from a musician who claimed he co-wrote his 2019 hit “Circles,” but was denied credit and compensation, according to court documents filed Tuesday. Terms of the deal were not disclosed. The court was informed of the agreement during jury selection. The lawsuit revolved around a recording session in August […]
Add analysts from Wells Fargo and Wolf Research to the list of Wall Street experts who got bullish on the Warner Bros. discovery. Last April, the merger of Warner Bros. Discovery and its subsequent management team, led by CEO David Zaslav, faced various cost-cutting challenges, sending its stock price plummeting. But this year, Goldman Sachs, […]
While Hollywood studios tried to put COVID-19 in their rearview mirrors in 2022, Chinese cinemas closed for part of the year, there was a period of little new screens, and global box office revenues fell to It increased 28.4% to $25.7 billion (below pre-pandemic levels), with increased spending on production and marketing for the expanded […]
As media preservation and archiving company Iron Mountain Entertainment Services (IMES) continues its global expansion, it opened a new facility outside Paris on Thursday. IMES’ mission is described as to act as a Fort Knox for protecting and preserving a company’s digital and physical archival assets. Clients include studios, networks, media companies, real estate, actors, […]
Fox Corp. CEO Lachlan Murdoch discussed Thursday the lawsuit his company faces from Dominion Voting Systems and the media storm surrounding his company in recent weeks following the release of documents. bottom. Asked at a Morgan Stanley conference about the lawsuit, Murdoch reiterated that the trial is still scheduled to begin in April. But he […]
As Broadway headed into its busy spring season, star power returned to the Great White Way, boosting box office receipts in the process. After making her Broadway debut in 2012, Jessica Chastain is back to star as Nora Helmer in A Doll’s House. opened its premiere at the Hudson Theater on February 13 and has […]
African pay-TV giant MultiChoice Group and Comcast’s NBCUniversal and Sky said on Thursday, “At a time when Africa is in crisis, we are delivering some of the world’s best content and technology across MultiChoice’s 50 market footprint in Sub-Saharan Africa. to streaming customers.” It’s an inflection point in terms of broadband connectivity and affordability. ” […]
Warner Bros. Discovery reported 96.1 million streaming subscribers in its latest quarterly earnings call, up from 94.9 million in the previous quarter. And while streaming losses are still rising (the sector, like the rest of the industry’s streaming sector, he lost $217 million), Wall Street’s expectations for free cash flow are also surpassing. increase. WBD […]
Tom Cruise has had quite the week. First, he stopped by an Oscar nominee’s luncheon. There, THR’s Scott Feinberg reported that the Top Gun: Maverick star and producer was “swarmed by virtually everyone” when he first dropped by his circuit during awards season. . This included Steven Spielberg, who said of Top Gun’s success, “You […]
Key priorities in the Writers Guild’s upcoming contract negotiations are beginning to come into focus. As speculation about a possible strike – if it takes place, it would be the first since the union went on a 100-day picket in 2007-08 – has spread throughout the industry, guild leaders has begun conveying initial ideas for […]
The late Sumner Redstone, founder of Paramount Global’s predecessor company, used to say, “Content is king.” But so is the cash of many investors in the entertainment companies behind Paramount Pictures, CBS, MTV, BET, Showtime, Paramount+ and Pluto TV. Paramount Global’s streaming business ended 2022 with a bang thanks to Tom Cruise’s Top Gun: Maverick. […]
On his first earnings call back as Disney CEO, Bob Iger While it reveals the structure that puts power back in creative hands, it also raises questions about the inheritance and fate of two key company assets. In Iger’s plan for February 8th, the empire will be divided in his three ways. One is Disney […]
In Unscripted: The Epic Battle for a Media Empire and the Redstone Family Legacy, Pulitzer Prize-winning New York Times journalists James B. Stewart and Rachel Abrams confront billionaire Viacom owner Sumner Redstone. It illustrates the machinations of the Byzantine corporations that brought honor and the dastardly personal turmoil. And so does longtime CBS head Les […]
BBC Chairman Richard Sharp has made an “omission” and a “grave error of judgment”, the Digital, Culture, Media and Sport Committee of the House of Commons, one of the two chambers of the UK Parliament, has found. The agency, led by acting commission chair Damien Green, is behind his actions and the appointment of Sharpe […]
Warner Music Group, home to the likes of Ed Sheeran, Cardi B and Bruno Mars, closed its first quarter on Thursday as new CEO Robert Kinkle set his sights on the “next stage of our evolution.” reported a decline in revenue and profit. “Challenging business environment” The latest quarter was impacted by timing factors, including […]
Microsoft’s proposed takeover of video game publisher Activision Blizzard “could harm UK gamers” and could “significantly reduce” competition, UK regulators said Wednesday. revealed in a preliminary analysis. The Competition and Markets Authority (CMA) said mega deals “raise concerns about cloud and console gaming” and “could lead to higher prices, less choice, or less innovation.” It […]
Amazon has seen its spending on content skyrocket, with the company revealing a significant increase in spending on music and video programming in 2022. Last year was a pivotal year for Amazon Prime Video, and there’s no question that our two most important content investments, NFL Thursday Night Football and Lord of the Rings: Ring […]
Warner Bros. Discovery signed content deals with Roku and Tubi and chose free, ad-supported channels. Fox-owned Tubi adds over 225 free channels from WBD and 14 WB-branded FAST channels. This includes the launch of his three brand-specific channels, WB TV Reality, WB TV Series, and WB TV Family, featuring some of WBD’s most popular programming. […]
