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…
Fubo reported its Q2 2024 earnings, showing a subscriber base of 1.45 million in North America, a decrease of 61,000 from the previous quarter, and 1.849 million globally. Despite the seasonal decline, subscribers increased 24% year-over-year. Fubo's revenue rose 26%…
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.…
Amazon reported Q2 subscription services revenue of $10.86 billion, a 10% increase from the previous year. This includes Prime memberships, digital content, and other non-AWS services. Amazon MGM Studios released 19 movies and TV series, with "Fallout" and "The Boys"…
Disney, Fox, and Warner Bros. Discovery have announced Venu Sports, a new live sports streaming service costing $42.99 per month. Launching in fall 2024, Venu will offer a seven-day free trial and feature live sports events from NFL, NBA, MLB,…
Fox Corp. reported growth in both linear and digital advertising commitments, with notable double-digit volume increases for its Tubi streaming platform. Despite a challenging upfront market with increased competition from ad-supported streaming tiers, Fox maintained strong pricing for Tubi and…
NBC's broadcast of the 2024 Summer Olympic Games in Paris drew over 31 million viewers across its network, cable channels, and Peacock, marking a 77% increase compared to the delayed 2020 Tokyo Olympics. High interest in U.S. men's gymnastics, beach…
The NBA's new 11-year, $76 billion media rights deal with Amazon, NBCUniversal, and Disney reflects the growing dominance of streaming platforms in sports broadcasting. This shift signifies Amazon's commitment to expanding its sports content and NBCUniversal’s strategy to drive Peacock's…
Disney, Fox, and Warner Bros. Discovery are set to launch the Venu Sports streaming service this fall despite an ongoing antitrust lawsuit from Fubo. The three companies argue that antitrust laws protect competition, not competitors, and criticize Fubo as a…
Warner Bros Discovery (WBD) has streamed over 1 billion minutes of the 2024 Summer Olympic Games in Paris within the first two days, surpassing the total streaming minutes of the 2020 Tokyo Olympics. This increase is driven by Max and…
