Financial
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Netflix Producing Docu-Series on Black NASCAR Driver Bubba Wallace
Netflix is in production on a documentary series following NASCAR Cup Series driver Bubba Wallace as he competes for the newly formed 23XI Racing team. The series will take viewers behind the scenes of the 2021 NASCAR season through the eyes of the only Black driver at the top level of the sport, and will … Continue reading “Netflix Producing Docu-Series on Black NASCAR Driver Bubba Wallace”
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Peacock Distribution Ups WWE Q1 Revenue, Profit
WWE’s streaming video partnership with NBCUniversal’s Peacock SVOD platform paid dividends in the first quarter (ended March 31) for the professional wrestling company. Peacock on March 18 essentially absorbed the WWE Network, the branded $9.99 monthly SVOD service, including 17,000 hours of content and 1.4 million subscribers. Peacock, which costs $4.99 with ads; $9.99 without, … Continue reading “Peacock Distribution Ups WWE Q1 Revenue, Profit”
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Peacock Distribution Ups WWE Q1 Revenue, Profit
WWE’s streaming video partnership with NBCUniversal’s Peacock SVOD platform paid dividends in the first quarter (ended March 31) for the professional wrestling company. Peacock on March 18 essentially absorbed the WWE Network, the branded $9.99 monthly SVOD service, including 17,000 hours of content and 1.4 million subscribers. Peacock, which costs $4.99 with ads; $9.99 without, … Continue reading “Peacock Distribution Ups WWE Q1 Revenue, Profit”
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Warner Bros. Q1 Home Entertainment, Games Revenue Down Slightly
WarnerMedia April 22 reported first quarter (ended March 31) revenue from Warner Bros. home entertainment and video games of $349 million, down about 4.5% from revenue of $365 million during the previous-year period. It should be noted that the COVID-19 pandemic struck near the end of the first quarter of 2020, with the World Health … Continue reading “Warner Bros. Q1 Home Entertainment, Games Revenue Down Slightly”
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AT&T: HBO/HBO Max Top 44.2 Million Q1 Subscribers
AT&T April 22 revealed it ended the first quarter (ended March 31) with 44.2 million combined HBO and HBO Max subscribers in the U.S. That’s up 35% from 33.1 million subscribers in the previous-year period. Specifically, the telecom operator said it added 2.7 million total domestic Max and HBO net subs in the quarter from … Continue reading “AT&T: HBO/HBO Max Top 44.2 Million Q1 Subscribers”
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Disney Inks Licensing Deal for Sony Movies
The Walt Disney Co. and Sony Pictures Entertainment have announced a multiyear content licensing agreement for U.S. streaming and TV rights to Sony Pictures’ new theatrical releases across Disney Media & Entertainment Distribution’s portfolio of platforms. Platforms include its streaming services Disney+ and Hulu, as well as linear entertainment networks ABC, Disney Channels, Freeform, FX … Continue reading “Disney Inks Licensing Deal for Sony Movies”
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Reed Hastings: Linear TV, YouTube Biggest Netflix Competitors — Not Disney+
Following a quarter in which global subscriber growth failed to meet internal and market projections, Netflix executives found themselves on the defensive explaining why 43% fewer subs signed up for the service than expected. Speaking on the investor webcast, CFO Spencer Neumann said COVID-19 skewed the playing field as the record subscription growth from a … Continue reading “Reed Hastings: Linear TV, YouTube Biggest Netflix Competitors — Not Disney+”
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Verizon Loses 82,000 Fios TV Subs in Q1, Adds 98K Internet Subs
Verizon Communications April 21 disclosed it lost 82,000 Fios TV pay-TV subscribers in the first quarter (ended March 31). The loss was a slight improvement from 84,000 subs lost in the previous-year period. The telecom ended the period with 3.7 million Fios TV subs — down 296,000 subs from more than 4 million last year. … Continue reading “Verizon Loses 82,000 Fios TV Subs in Q1, Adds 98K Internet Subs”
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Netflix Misses Q1 Subscriber Growth Estimate by 43%
In a rare misstep, Netflix reported first-quarter subscriber growth of 3.98 million globally, which was significantly down from a conservative company prediction of 6 million subs. The SVOD behemoth added almost 16 million subs in the previous-year period — driven by the COVID-19 pandemic. Netflix added 448,000 subs in North America, ending the period with … Continue reading “Netflix Misses Q1 Subscriber Growth Estimate by 43%”
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Netflix Expected to Add 200K Q1 Subs in Nordics, Leads Region With 4.4 Million Households
Netflix is projecting 6 million new subscribers globally in the first quarter (ended March 31). New data from research group Mediavision contends the streamer added 200,000 subs in the Nordics, which includes, Norway, Sweden, Denmark and Finland. Netflix’s Q1 subscriber figures for the Nordic market show a year-on-year growth of 5%. According to Mediavision analysis, … Continue reading “Netflix Expected to Add 200K Q1 Subs in Nordics, Leads Region With 4.4 Million Households”
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ViacomCBS, Rakuten Ink Streaming, Content, E-Commerce Deal in Japan
ViacomCBS Networks International and Rakuten Group April 20 announced the signing of a long-term agreement, which includes the launch of Nick+, Nickelodeon’s kids’ streaming service, on Rakuten’s video-on-demand platform Rakuten TV in Japan, covering mobile, STB/dongle, Web and smart-TV devices. The partnership also includes the creation of a dedicated Nickelodeon zone on e-commerce platform Rakuten … Continue reading “ViacomCBS, Rakuten Ink Streaming, Content, E-Commerce Deal in Japan”
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Is Netflix’s Pandemic Boom Over? Analysts, and Even the Streamer Itself, Think So
NEWS ANALYSIS — Heading into Netflix’s first-quarter fiscal results on April 20, market speculation regarding the streamer’s subscriber growth dominates. Following a year, 2020, in which Netflix added a record 37 million subs, conventional wisdom suggests the SVOD pioneer can’t replicate, much less exceed, last year’s Q1 sub increase of 16 million subs. London-based Ampere … Continue reading “Is Netflix’s Pandemic Boom Over? Analysts, and Even the Streamer Itself, Think So”