The Wrap examines how major streamers are faring as direct-to-consumer strategies deliver results. Netflix leads with 282.7 million subscribers and $17.06 ARPU, followed by Disney+ and Warner Bros. Discovery showing strong growth. Paramount+ and Peacock added subscribers but face profitability…
Disney CEO Bob Iger has taken an unprecedented step by providing earnings guidance through 2027, signaling confidence in the company’s future. This move, alongside a strong quarterly report showing a 23% rise in operating income and a $321 million streaming…
Liberty Media has filed for EU approval to acquire an 86% stake in MotoGP rights holder Dorna for €4.2 billion (approximately $4.47 billion USD). Dorna will remain independently operated under Liberty’s Formula One Group, with CEO Carmelo Ezpeleta staying on.…
Nielsen CEO Karthik Rao addressed the firm’s contract dispute with Paramount Global, rejecting claims of "substantial price increases" and asserting that Paramount is seeking an unsustainable 50% price cut. Rao highlighted Nielsen’s investments in upgrading its measurement tools and emphasized…
The Digital Entertainment Group reports that consumer spending on home entertainment reached $13 billion in Q3 2024, driven by a 26.7% increase in subscription streaming, now accounting for 91% of the total. While digital rentals grew 7.7%, EST and physical…
Cineverse reported a Q2 2024 net loss of $1.2 million on $12.7 million revenue, ahead of the record-breaking success of Terrifier 3, which grossed $82 million globally and became the highest-grossing non-rated film. The film is expected to drive $20+…
Skip unpacks Disney’s Q4 2024 results, highlighting substantial gains in streaming profitability, with Disney+ subscriptions reaching 122.7 million in core markets and an impressive 60% of new subscribers opting for ad-supported tiers. Disney’s studios achieved a record-breaking $4 billion in…
The Wrap reports that Skydance Media, led by David Ellison, has struggled financially since 2021, with losses reaching $56 million in 2023 and 40% lower year-over-year revenue in the first half of 2024. Despite being valued at $4.75 billion, Skydance…
Netflix has reached 70 million monthly users on its ad-supported tier, driven by affordable pricing and premium feature additions. Over half of new sign-ups in ad-enabled regions choose the ad tier, and Netflix expects ad revenue to surpass $3 billion…
EchoStar reported a net increase of 145,000 subscribers for Sling TV in Q3, reaching 2.14 million, despite a continued decline in its satellite TV service. Efforts to merge with DIRECTV have stalled after a group of DISH bondholders rejected a…
