New York Times Says Missed Revenue Impacted by Advertisers ‘Avoiding Some...
The New York Times reported mixed earnings on Wednesday, which the company attributed to strong subscription growth, decreasing digital advertising revenues and the organization’s multi-revenue stream...
View ArticleFox Corporation Ad Revenue Tumbles 20% Due to Lower Ratings, Dip in Political...
Fox Corporation beat Wall Street expectations for its second quarter of 2024 on Wednesday, despite its quarterly results being dragged down by a 20% drop in total advertising revenue to $2 billion....
View ArticleDisney Cuts Streaming Losses While Q1 Revenue Stays Flat at $23.5 Billion
Disney reported flat revenues and a further slide in Disney+ subscriber counts for its first quarter of the 2024 fiscal year as CEO Bob Iger fights to stave off an activist investor movement led by...
View ArticleDisney to Take $1.5 Billion Stake in ‘Fortnite’ Studio Epic Games, Will...
Disney announced it will be investing $1.5 billion into Epic Games, the studio behind the massively popular free-to-play cross-platform game “Fortnite,” on Wednesday. The deal marks the company’s...
View ArticleESPN Streaming Service to Launch by Fall 2025
A standalone ESPN streaming service will launch by fall 2025, as early as August, Walt Disney Company CEO Bob Iger said on Wednesday. The Disney boss revealed the expected launch date in an interview...
View ArticleNews Corp. Reports 3% Boost in Revenue to $2.59 Billion Driven by Dow Jones,...
Amid a sea of newsroom layoffs and financial pain at other publications, News Corp. broke a record for quarterly revenues on Wednesday, driven by digital revenues at Dow Jones, as well as by strong...
View ArticleBob Iger Says Disney Is ‘Leaning More’ Into Sequels, Franchises: ‘Actually a...
Get ready for more sequels and franchises from Disney. CEO Bob Iger said on the company’s Wednesday earnings call that its stable of studios will be leaning more into familiar faces in theaters in the...
View ArticleThomson Reuters Credits AI Deals for Q4 Revenue Boost
Deals to license its vast news archive to train artificial intelligence tools helped drive up fourth quarter revenue for Thomson Reuters Corp, the company said Thursday. The Toronto-based news and...
View ArticleDisney Shares Leap 10% as Wall Street Cheers Positive Earnings, New Initiatives
Disney shares soared 10% Thursday after the entertainment giant reported a solid fiscal first quarter, announced a $1.5 billion move into video games and said it plans to launch a new sports streaming...
View ArticleAMC Networks’ Q4 Streaming Gains Can’t Offset 30% Revenue Plunge, Shares Dive...
AMC Networks revenue plunged 30% in the fourth quarter as a small gain in streaming revenue failed to make up for big drops in content licensing, subscription and advertising sales. But the company...
View ArticleSony Pictures Profits Surge 57% to $281 Million in Q3 Thanks to Licensing,...
Strong licensing revenue and home entertainment sales, mainly due to its theatrical releases, drove Sony Pictures Entertainment profits to surge in the fiscal third quarter of 2023. Anime service...
View ArticleRoku Stock Plunges 17% on ‘Challenging’ Media and Entertainment Outlook for 2024
Roku shares fell as much as 17% in after-hours trading on Thursday after the smart TV operating system company warned of a “challenging” media and entertainment outlook for 2024, despite beating Wall...
View ArticleCinemark Revenue Rises 6.5% to $638.9 Million Despite Weak Q4 for Box Office
The threadbare movie slate in the final months of 2023 didn’t take too harsh of a toll on Cinemark’s Q4 earnings, as the theater chain reported quarterly revenue of $638.9 million on Friday morning....
View ArticleWarner Bros. Discovery Streaming Subscriber Growth, Profitability to Take Q4...
Warner Bros. Discovery made significant progress towards streaming profitability and debt reduction through cost-cutting in 2023. But the company’s subscriber growth has stalled in recent quarters,...
View ArticleWarner Bros. Discovery Adds 1.8 Million Subscribers, Narrows Streaming Loss...
Warner Bros. Discovery, facing the headwinds of dipping advertising and reduced production from the Hollywood strikes, increased its subscriber numbers and slashed its streaming loss in the fourth...
View Article‘Harry Potter’ TV Series Aiming for 2026 Debut as David Zaslav Touts J.K....
When running down the franchises that Warner Bros. Discovery is reinvigorating, during Friday’s fourth quarter earnings call, CEO David Zaslav trumpeted the studio’s commitment to the “Harry Potter”...
View ArticleMax Will Be Available in Bundle With Mega Sports App, David Zaslav Says
Warner Bros. Discovery CEO David Zaslav confirmed Friday that the new joint venture sports app in development with Fox and Disney will include the ability to access non-sports content. Zaslav said the...
View ArticleTom Cruise Warner Bros. Partnership ‘Off and Running,’ David Zaslav Says
During Friday’s fourth quarter earnings call, Warner Bros. Discovery CEO and president David Zaslav touted the film studio’s new relationship with star and producer Tom Cruise. “A partnership with Tom...
View ArticleDavid Zaslav Acknowledges WB Film Studio Has ‘Really Been Underperforming,’...
On Friday’s earnings call, Warner Bros. Discovery CEO and president David Zaslav both touted recent progress on the film side while fully acknowledging that the studio’s film slate has been something...
View ArticleWarner Bros. Discovery Shares Dive 13% on Q4 Results
Shares of Warner Bros. Discovery slumped 13% Friday after it reported fourth-quarter results that fell short of Wall Street hopes, despite becoming the first Hollywood entertainment giant to squeeze...
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