Streaming content production surged by 296% from early 2020 to mid-2024, but recent growth has slowed significantly, with the rate of new titles dropping from 11% pre-pandemic to 3.9% last quarter. This mirrors natural resource depletion, where slashed budgets and…
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…
Disney now fully owns Hulu after buying NBCUniversal's 33% stake in December 2023 for $8.6 billion. NBCUniversal argues Hulu's value is higher, leading to arbitration. A third appraiser will determine the final payment, potentially up to $5 billion more, in…
YouTube is becoming the go-to streaming platform for many viewers, surpassing traditional services like Netflix and HBO. YouTube commands around 25% of total streaming time and 10% of all TV screen time. In a survey, 31% of US consumers chose…
The Future of TV Briefing provides an updated glossary of key terms used in the TV, streaming, and digital video industry, aiming to clarify and standardize terminology. The guide includes definitions for terms like "Advanced audiences," "AI," "AVOD," "CTV," "FAST,"…
Broadcasting + Cable will print its final issue in September, and its parent company, Future, is also closing Multichannel News and their newsletters. Future plans to replace them with a new curated newsletter and revamp the NextTV website. The Broadcasting…
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…
Hub's new survey reveals that smart TVs are significantly changing how viewers access content. About half of respondents start their TV viewing by looking at TV apps. In 2024, 60% of "most-used" TV sets are connected to a streaming platform,…
The NBA has rejected Warner Bros. Discovery's (WBD) attempt to renew their 40-year partnership, opting instead for a deal with Amazon Prime. This decision has led WBD to file a lawsuit against the NBA, arguing that they matched Amazon's offer.…
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%…
