Crunchyroll, the Sony-backed anime streaming service, has surpassed 15 million monthly paid subscribers. This milestone highlights the growing popularity of anime, with Crunchyroll boasting the largest dedicated library of anime content, including 50,000 episodes and over 25,000 hours of series,…
Warner Bros. Discovery executives have opted against splitting the company, choosing instead to sell smaller assets like Polish broadcaster TVN and a stake in its video game division to manage $39 billion in debt. The decision follows a 67% decline…
Fox Corporation reported mixed Q4 results with revenue at $3.09 billion, slightly below expectations, and net income dropping to $320 million. Adjusted EPS exceeded estimates at 90 cents. Growth in affiliate fees was offset by flat advertising revenues. CEO Lachlan…
Fubo reported its Q2 2024 earnings, showing a subscriber base of 1.45 million in North America, a decrease of 61,000 from the previous quarter, and 1.849 million globally. Despite the seasonal decline, subscribers increased 24% year-over-year. Fubo's revenue rose 26%…
Stock markets experienced a broad-based selloff on Monday, leading to significant declines in major media and tech company stocks due to investor fears of a looming U.S. recession. By 3 p.m. ET, the Dow Jones dropped 2.7%, S&P 500 fell…
Apple reported record Q3 2024 revenue of $85.8 billion, a 5% increase year-over-year, driven by strong services sales and AI integration. Net income rose to $21.5 billion, with earnings per share beating estimates. Despite a slight decline in iPhone and…
Roku's shares rose over 6% after reporting better-than-expected Q2 2024 results. The net loss narrowed to $33.95 million, with revenue increasing 14% to $968 million. Streaming households grew to 83.6 million, driving an 11% increase in platform revenue. Roku highlighted…
Snap reported 432 million daily active users in Q2 2024, a 9% year-over-year increase. Revenue rose to $1.24 billion but fell short of expectations, leading to a 22% drop in share value. Net loss decreased to $249 million from $377…
Banijay Group, formerly FL Entertainment, reported an 8.6% revenue increase to €2 billion in the first half of 2024. While online sports betting and gaming revenues surged by 41.7% to €698 million, content production and distribution revenues declined by 2.7%…
Netflix is raising $1.8 billion through a new debt offering to refinance existing debt and fund general corporate purposes, including significant investments in new content like WWE and NFL games. This is Netflix's first debt raise since being upgraded to…
