Netflix's latest Engagement Report reveals 94 billion hours watched in the second half of 2024, a 5% year-over-year increase. Squid Game Season 2 led TV series with 87 million views, while Carry-On topped films with 137 million views. Animated films…
Warner Bros. Discovery’s streaming unit posted a $409 million quarterly profit, a sharp turnaround from last year, while total subscribers hit 116.9 million—including HBO cable users. Meanwhile, linear networks saw a 5% revenue drop, with ad revenue plunging 17%. Despite…
EchoStar’s pay-TV business continues to decline, with Sling TV losing 50,000 subscribers and Dish Network dropping 200,000 in Q4 2024. However, the company exceeded earnings expectations, strengthened its cash reserves to $5.7 billion, and improved free cash flow by $500…
Fox Corporation has appointed Pete Distad as CEO of its upcoming direct-to-consumer (DTC) streaming service, set to launch by the end of 2025. The yet-to-be-named platform will offer content from Fox News, Fox Sports, and the Fox broadcast network, expanding…
Awful Announcing introspects on the sudden end of ESPN and Major League Baseball’s broadcast partnership, which was set to run through 2028. Over the years, ESPN deprioritized baseball in favor of higher-rated sports like the NFL and NBA, leading to…
YouTube has quietly become the world’s largest podcast platform, with 1 billion monthly podcast viewers—far outpacing Spotify (100 million) and Apple Podcasts. Unlike traditional podcast platforms, YouTube’s video-first approach is redefining the format, forcing creators to prioritize visuals for discovery…
TKO Group exceeded Q4 expectations despite a 10% WWE revenue drop after Raw moved from USA Network to Netflix. UFC offset losses with a 22% revenue increase. Total revenue rose 5% to $642.2 million, swinging to earnings of $0.28 per…
Sony Pictures, Warner Bros. Discovery, and Howard Hughes plan a 31-acre Las Vegas production facility, contingent on Nevada’s Assembly Bill 238, which would provide film tax credits. The project, part of a 100-acre development, could create thousands of jobs and…
Warner Bros. Discovery has scrapped its plan to charge separately for the B/R Sports add-on, instead keeping live sports bundled with Max’s Standard and Premium ad-free tiers. Kirby unpacks why this move makes strategic sense for WBD, as the company…
