RSN valuations have dropped 97% in six years, from $20 billion in 2018 to $600 million, according to CNBC’s Mike Ozanian. This sharp decline, fueled by cord-cutting and the decreasing value of live local sports on cable TV, explains why…
Skip highlights Netflix’s strong Q3, adding 5 million subscribers while Netflix takes digs at rivals like Disney+ and Hulu for their bundling tactics. Netflix claims its vast content makes bundling unnecessary, despite essentially being a bundle itself with shows, films,…
Paramount Global’s "Office of the CEO," comprised of George Cheeks, Chris McCarthy, and Brian Robbins, received enhanced compensation and protections ahead of the company's merger with Skydance Media, set for 2025. The merger will create a $28 billion entity, with…
CEO Adam Symson of E.W. Scripps announced the company is winding down Scripps News and selling Bounce TV due to financial strain from the Ion acquisition and a weak advertising market. Symson outlined a strategic plan to improve financial performance,…
Paramount Global has ended its audience measurement contract with Nielsen due to disagreements over price increases, which Paramount considers unreasonable given the industry's shift toward digital and multi-platform viewing. To maintain ad tracking, Paramount plans to use alternatives like VideoAmp…
Amazon has surpassed its goal of securing $1.8 billion in ad-spending commitments for its video-streaming services for 2024, according to a report by The Information. These commitments, made during the recent upfront ad market, include ads on Prime Video and…
The subscription economy is shifting towards indirect channels like banking apps and telcos, with 63% of SVOD subscriptions acquired through these platforms in 2023. Consumers prefer centralized management for convenience and data security, driving banks and telcos to offer subscription…
Disney has laid off 300 U.S. employees in corporate roles as part of cost-cutting efforts, with Parks, ESPN, and Disney Entertainment Television unaffected. This follows similar layoffs across the media industry, including Paramount and Fox, as companies respond to a…
Paramount+ has laid off staff as part of Paramount Global’s 15% workforce reduction, impacting marketing and communications teams, including senior executives with over 30 years of combined experience. These layoffs, part of a broader cost-saving initiative aimed at cutting $500…
The Hollywood Reporter explores how Netflix revolutionized Scandinavian TV, beginning with Lilyhammer in 2012. Over the past decade, Netflix has invested heavily in Nordic content, even as other streamers like HBO Max and Viaplay scale back. This investment has been…
