NBCUniversal and Paramount Global are making small but impactful budget cuts, such as removing the band from Seth Meyers' "Late Night" and reducing MTV News archives. These moves highlight the shifting priorities of media companies as they focus on reducing…
Cineverse reported a 25% increase in subscription-based streaming video revenue to $13.5 million for the fiscal year ending March 31. However, the company faced a net loss of $21.7 million on total revenue of $49.1 million, attributed to a decline…
Chicken Soup for the Soul Entertainment, the parent company of Redbox, filed for Chapter 11 bankruptcy, citing debts of $970 million and assets of $414 million. The company owes significant amounts to major studios like Universal, Sony, Lionsgate, and BBC,…
FIFA is seeking to raise up to $2 billion to expand its streaming service, FIFA+, targeting financial investors in the US and Middle East. The investment would be for a minority stake in FIFA+, which was launched in 2022 as…
The league says it plans to appeal the Thursday decision The post NFL to Pay $4.7 Billion in ‘Sunday Ticket’ Antitrust Damages, LA Jury Rules appeared first on TheWrap.
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.…
Digital TV Research report projects that global pay-TV revenue will fall from $141 billion in 2023 to $118 billion in 2029, despite a slight increase in subscribers. The U.S. will see the most significant decline, with revenue dropping from $58.2…
Peacock, despite its financial struggles, saw a 55% subscriber growth and beat analyst estimates in Q1 2024, bolstered by exclusive NFL content. However, its long-term viability remains uncertain due to its reliance on licensing NBC and Bravo shows to other…
