Caffeine, a streaming platform for sports, gaming, and entertainment, shut down on June 26 due to profitability issues despite having 61 million monthly users. The platform had partnerships with 200 sports entities, including niche leagues like the World Surf League…
Peacock will offer extensive coverage of the 2024 Summer Olympics in Paris, including a "Your Daily Olympic Recap on Peacock" feature starting July 27. Viewers can personalize their 10-minute highlight reels, which will feature the AI-generated voice of Al Michaels.…
YouTube continues to dominate media consumption, especially in living rooms, holding 9.7% of all TV viewership in the U.S. in May 2024, surpassing Netflix's 7.6%. With over 150 million Americans watching YouTube on connected TVs monthly, it remains a formidable…
Niche streaming services are thriving in the competitive industry by targeting specific, loyal audiences. Dropout, CrunchyRoll (13 million subscribers), Shudder, and Fandor (1.4 million subscribers) offer specialized content like comedy, anime, and horror. AMC Networks operates niche streamers with a…
The University of Texas is rebranding the Longhorn Network into a free streaming platform launching on July 1, coinciding with its move to the SEC. The new LHN will offer original content, live coaches' shows, and historical footage. Partnering with…
HBO and Max content CEO Casey Bloys announced that major Warner Bros. IP projects, including the "Harry Potter" TV show and "Green Lantern" series, will now be branded as HBO originals instead of Max originals. This shift, starting in 2025,…
Research from Parks Associates shows a 30% drop in US spending on streaming services, averaging $63 per month in 2024, down from $90 in 2021. Many consumers are switching to ad-based alternatives. The average number of subscriptions per household has…
Jason Kilar, former WarnerMedia CEO, proposes a "Spotify for Hollywood" model where studios contribute content to a single platform, earning 70% of the revenue. This concept could replace current streaming bundles, such as Comcast's Peacock, Netflix, and Apple TV+ package.…
Paramount Global is exploring asset sales to save $500 million annually, reduce debt, and focus on streaming. Potential sales include BET Media, linear cable networks like Comedy Central and Nickelodeon, and international networks such as Network 10 and Channel 5.…
Disney Advertising's "Generation Stream: Family Edition" study shows that 76% of families enjoy nostalgic content, while 72% prefer educational and cultural programming. Streaming improves family connections, with 77% reporting better relationships through shared viewing. The variety of streaming options leads…
