TelevisaUnivision's Q2 earnings were boosted by increased ad sales in the U.S. and Mexico. Ad revenue grew 6% to $785 million, with a 2% rise in the U.S. from streaming sponsorships and a 13% increase in Mexico for linear media.…
Apple is re-evaluating its spending on Hollywood projects due to industry-wide production losses. Eddy Cue, Apple’s senior vice president of services, is urging studio chiefs Zack Van Amburg and Jamie Erlicht to manage budgets more closely for Apple TV Plus.…
Netflix's second-quarter earnings report showed steady growth without major surprises, adding over 8 million subscribers to reach 277 million globally. Amid industry changes and competitors like Warner Bros. Discovery and Disney forming bundles, Netflix remains focused on enhancing its content…
Netflix's Q2 2024 profits surged 44% to $2.15 billion, driven by the addition of 8 million subscribers. The company's revenue increased by 17% year-over-year to $9.56 billion, surpassing analyst expectations. Netflix also reported significant growth in its ad-supported tier, which…
Warner Bros. Discovery (WBD) is reportedly considering a strategy to allocate the bulk of its $39 billion debt to its linear networks, allowing its streaming and studio businesses to operate with minimal financial burden. This move, reminiscent of Tribune Company's…
Tubi, the free, ad-supported streaming service, captured 1.8% of monthly television viewing across streaming platforms in May, tying with Disney+ and surpassing Max, Paramount+, and Peacock. Despite this success, Tubi CMO Nicole Parlapiano states that Tubi does not consider itself…
PricewaterhouseCoopers' Global Entertainment & Media Outlook 2024-2028 projects that by 2028, advertising will make up nearly 28% of streaming revenue, up from 20% in 2023. The entertainment and media industry is forecasted to reach $3.4 trillion, with global OTT subscriptions…
Paramount Global is in talks to potentially sell Pluto TV, led by Pluto TV's co-founder. While no valuation or official offers have been made, the sale's value will depend on whether it includes exclusive access to Paramount's content. Pluto TV's…
Warner Bros. Discovery CEO David Zaslav highlighted industry consolidation due to streaming, AI, and pandemic disruptions at the 2024 Allen & Co. Sun Valley Retreat. Warner Bros. Discovery and Paramount have both made significant layoffs this year, with over 300…
Redbox’s streaming service and DVD rentals will cease operations after its parent company, Chicken Soup for the Soul Entertainment, converted its bankruptcy to Chapter 7, forcing asset liquidation. This shutdown affects other streaming services under the same parent company, including…
