Financial
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NATAS to Honor Dolby With Tech Emmy
The National Academy of Television Arts & Sciences has announced that Dolby will be honored with a Technology & Engineering Emmy Award for its contributions to dynamic metadata for optimal high-dynamic-range (HDR) and Wide Color Gamut (WCG) color volume mapping at the upcoming 72nd Technology & Engineering Emmy Awards. “HDR has changed the way consumers experience films … Continue reading “NATAS to Honor Dolby With Tech Emmy”
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Comscore Launching Cross-Platform Movie Transaction Data Service
Comscore Jan. 25 announced new software that aims to report daily movie sales regardless of release windows and platform. This will include a new reporting system to track box office movies performance across all platforms. Dubbed “Movies Everywhere,” the new product will meld Comscore’s census-based box office and transactional video measurement with OTT video rentals … Continue reading “Comscore Launching Cross-Platform Movie Transaction Data Service”
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Comscore Launching Cross-Platform Movie Transaction Data Service
Comscore Jan. 25 announced new software that aims to report daily movie sales regardless of release windows and platform. This will include a new reporting system to track box office movies performance across all platforms. Dubbed “Movies Everywhere,” the new product will meld Comscore’s census-based box office and transactional video measurement with OTT video rentals … Continue reading “Comscore Launching Cross-Platform Movie Transaction Data Service”
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GameStop Stock Skyrockets During Wall Street Debate
Shares of GameStop, the world’s largest video game retailer, shot up 50% in pre-market trading as the company’s stock opened around $90 per share — almost five times higher than 14 days ago. The reason: An ongoing battle between short sellers and investors on the future of retail gaming. The video game industry just concluded … Continue reading “GameStop Stock Skyrockets During Wall Street Debate”
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AMC Theatres Thwarts Bankruptcy Talk, Raises $917 Million of Fresh Investment Capital
AMC Entertainment, corporate parent to AMC Theatres, the largest exhibitor globally, Jan. 25 announced that since Dec. 14, 2020, it has successfully raised or signed commitment letters to receive $917 million of new equity and debt capital. This increased liquidity should allow the company to make it through the coronavirus-impacted winter well into 2021 — … Continue reading “AMC Theatres Thwarts Bankruptcy Talk, Raises $917 Million of Fresh Investment Capital”
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‘The Marksman’ Continues Pandemic Box Office Ride as Studios Further Delay Theatrical Releases
Open Road Films’ The Marksman maintained its second consecutive weekend atop the pandemic domestic box office, taking in an estimated $2 million across more than 2,000 screens. The Liam Neeson drama dropped about 35% from its $4 million debut over the previous Martin Luther King Jr. weekend. While the usual list of Universal/Focus Features titles … Continue reading “‘The Marksman’ Continues Pandemic Box Office Ride as Studios Further Delay Theatrical Releases”
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Nielsen: Disney’s ‘Soul’ Tops Weekly Streaming Chart
The debut of Disney/Pixar’s Soul on Christmas made the animated movie No. 1 on Nielsen’s weekly Top 10 streaming chart Dec. 21 – 27, 2020. The movie generated 1.67 billion minutes streamed on televisions, topping Netflix’s final week exclusively streaming “The Office,” with 1.43 billion minutes across 192 episodes. Netflix’s original series, “Bridergton,” tracked 1.2 … Continue reading “Nielsen: Disney’s ‘Soul’ Tops Weekly Streaming Chart”
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Netflix’s Taxes on the Rise in the U.K.
Netflix reportedly paid $4.4 million (£3.2 million) to HM Revenue & Customs in the U.K. in 2019, on revenue of $164 million (£120 million). It’s a major bill following years of tax avoidance in the famously tax aggressive country. With around 13 million subscribers, the U.K. is Netflix’s No. 2 market following North America. The … Continue reading “Netflix’s Taxes on the Rise in the U.K.”
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MoviePass Founder Seeks to Create a ‘Virtual Hollywood’ with New Media Company
If Hollywood loves a comeback, Ted Farnsworth, former chairman of the corporate parent of the shuttered MoviePass theater subscription service, would appear to be first in line for the latest sequel. Farnsworth’s Zash Global Media and Entertainment Corp., a content distribution company, Jan. 21 announced the signing of a merger agreement with Vinco Ventures to … Continue reading “MoviePass Founder Seeks to Create a ‘Virtual Hollywood’ with New Media Company”
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Netflix Hits 200 Million Subs: Reed Hastings Orders Denny’s Takeout
With Netflix officially surpassing 200 million paid subscribers (actually 203 million) through Dec. 31, 2020, co-founder and co-CEO Reed Hastings took to Twitter to post a picture eating Denny’s takeout solo at home. While some might wonder why a guy reportedly worth close to $6 billion would celebrate the milestone not ordering a Grand Slam … Continue reading “Netflix Hits 200 Million Subs: Reed Hastings Orders Denny’s Takeout”
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Netflix Stock Opens at Record High Following Record 2020 Report
As expected, Netflix shares opened Jan. 20 up nearly 14% to a record $573.43 per share following the previous day’s 2020 fiscal report that underscored the the streaming behemoth’s market dominance. The service saw a record 37 million new subscribers, record revenue of nearly $30 billion and profit of $2.76 billion. The SVOD topped 203 … Continue reading “Netflix Stock Opens at Record High Following Record 2020 Report”
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Netflix Brass Come Out Swinging Following Record 2020 Report
Following a 2020 that saw record 37 million new subscribers, record revenue of nearly $30 billion and profit of $2.76 billion, Netflix is firing on all cylinders — the envy of the over-the-top video ecosystem and Hollywood. And the SVOD pioneer’s executives weren’t afraid to say so. On the pre-recorded fiscal webcast, co-founder/co-CEO Reed Hastings … Continue reading “Netflix Brass Come Out Swinging Following Record 2020 Report”