The streaming industry faces rising subscriber churn as platforms raise prices and competition heats up. Despite adding 55.2 million subscribers in Q1 2024, 50.4 million cancellations occurred, reflecting market volatility. To combat this, streamers are turning to bundling, ad-supported tiers,…
Lionsgate is on track to split into two companies by the end of 2024, separating its movie studio from the STARZ cable channel and streaming service. Despite a slight dip in subscribers, STARZ remains a strong asset with 21.3 million…
Disney's early streaming profitability highlights the struggles of Warner Bros. Discovery (WBD) and Paramount Global. WBD's Max gained 3.6 million subscribers but lost $107 million last quarter, while Paramount posted a modest $26 million streaming profit. Both companies are heavily…
AMC Networks reported a 600,000 increase in SVOD subscribers in Q2 2024, reaching a total of 11.6 million across platforms like AMC+, Acorn TV, and Shudder. Streaming revenue grew 9% to $150 million, while overall subscription revenue, including linear TV,…
Lionsgate reported first-quarter fiscal 2025 revenue of $834.7 million, an 8% decline year-over-year, with a net loss of $59.4 million. The Studio Business saw a 5.9% revenue drop, with the Motion Picture segment revenue down 15% but profit up 24%.…
News Corp. reported a 6% revenue increase year-over-year to $2.58 billion in Q4 fiscal 2024, with a net income of $71 million, reversing a net loss from the previous year. Growth was driven by digital real estate services, book publishing,…
Warner Bros. Discovery shares dropped over 11% following a disappointing Q2 2024 earnings report, which revealed a $10 billion net loss, including a $9.1 billion impairment charge related to its networks segment. The company cited ongoing challenges in the U.S.…
TKO Group Holdings reported record Q2 2024 revenue of $851.2 million and net income of $150.7 million, driven by media rights, sponsorships, and live events. The company raised its full-year guidance, expecting revenue up to $2.745 billion. WWE revenue grew…
Vizio reported Q2 net revenue of $437.3 million, up 11% year-over-year, with gross profit rising 16% to $99.5 million. Platform+ revenue increased 19% to $169.4 million, and SmartCast ARPU grew 16% to $35.39. The company reached 18.8 million SmartCast active…
Warner Bros. Discovery is taking a $9 billion non-cash impairment charge due to declining advertising and sports rights renewals, particularly losing the NBA package to Amazon. Additionally, WBD reported $2.1 billion in pre-tax acquisition-related expenses. Despite these challenges, WBD saw…
