Warner Bros. Discovery shares dropped over 11% following a disappointing Q2 2024 earnings report, which revealed a $10 billion net loss, including a $9.1 billion impairment charge related to its networks segment. The company cited ongoing challenges in the U.S.…

TikTok launched "Spotlight," a feature allowing users to discover movies and TV shows through the app, with partners like Warner Bros. It directs users to a landing page with more information and options to watch, rent, or buy tickets. Spotlight…

Bill Burr signed a deal with Hulu for his latest stand-up special, departing from Netflix as platforms like Hulu, Amazon, and HBO increasingly compete for top comedy talent with lucrative deals. This growing competition offers comedians more options for exposure,…

TKO Group Holdings reported record Q2 2024 revenue of $851.2 million and net income of $150.7 million, driven by media rights, sponsorships, and live events. The company raised its full-year guidance, expecting revenue up to $2.745 billion. WWE revenue grew…

CBC/Radio-Canada partnered with Accedo to enhance the streaming experience for the Paris 2024 Olympics on CBC GEM and ICI TOU.TV. The updates include new streaming apps for various devices and features like live streaming and improved VOD content. This partnership…

Vizio reported Q2 net revenue of $437.3 million, up 11% year-over-year, with gross profit rising 16% to $99.5 million. Platform+ revenue increased 19% to $169.4 million, and SmartCast ARPU grew 16% to $35.39. The company reached 18.8 million SmartCast active…

Streaming content production surged by 296% from early 2020 to mid-2024, but recent growth has slowed significantly, with the rate of new titles dropping from 11% pre-pandemic to 3.9% last quarter. This mirrors natural resource depletion, where slashed budgets and…

Warner Bros. Discovery is taking a $9 billion non-cash impairment charge due to declining advertising and sports rights renewals, particularly losing the NBA package to Amazon. Additionally, WBD reported $2.1 billion in pre-tax acquisition-related expenses. Despite these challenges, WBD saw…

Disney's fiscal third-quarter earnings surpassed expectations with adjusted earnings per share of $1.39 (vs. $1.19 expected) and revenue of $23.16 billion (vs. $23.07 billion expected). The company's streaming services turned a profit earlier than anticipated, posting $47 million in operating…

Doug Liman criticizes Amazon MGM Studios over "Road House," but might overlook it as Amazon plans to expand its theatrical releases. Amazon aims to release 16 films annually by 2027, more than doubling its current output. This expansion, spearheaded by…