Financial
-
Breaking Glass Sets Home Dates for Brazilian LGBTQ Drama ‘Greta’
Indie film distributor Breaking Glass Pictures has set a Nov. 26 release date for Brazilian LGBTQ drama Greta, which will be available to home viewers on DVD and On Demand. Directed by Armando Praça, the film stars Brazilian actors Marco Nanini, Denise Weinberg, and Demick Lopes. Greta tells the story of a 70-year-old gay nurse … Continue reading “Breaking Glass Sets Home Dates for Brazilian LGBTQ Drama ‘Greta’”
-
Roku App Now Live on Apple Watch
Last month Roku announced the Apple TV app was available on the Roku platform. Now the Roku app is now available on the Apple Watch. To access the new functionality, Apple users must update the Roku app to version 6.1.3 via their iPhone, and the app will appear on Apple Watch. The app on Apple … Continue reading “Roku App Now Live on Apple Watch”
-
Tale of the Tape: Streaming Video War Fees
With the streaming video market beginning to resemble a heavyweight prize fight involving numerous contenders, a “tale of the tape” analysis is in order to better understand costs associated with each “fighter” (service). Apple launched Apple TV+ on Nov.1 for $4.99 — arguably the lowest-priced SVOD service on the market. The service is considered a … Continue reading “Tale of the Tape: Streaming Video War Fees”
-
Report: Disney+ to Reach Less Than 50% of Netflix Sub Total by 2025
On the eve of the high-profile launch of the Disney+ streaming video platform, subscriber projections continue unabated. New data from Digital TV Research suggests Disney+ will attract 101 million subs by 2025 — less than half of Netflix’s projected 228 million worldwide tally. The SVOD pioneer is expected to gain 70 million subs, including 6 … Continue reading “Report: Disney+ to Reach Less Than 50% of Netflix Sub Total by 2025”
-
Disney’s 20th Century Fox Film Purchase Continues to Underwhelm Financially
Less than six months into Disney’s protracted $71.3 billion acquisition of 20th Century Fox Film and related assets, including Fox’s Hulu stake, the mega transaction continues to underwhelm on the bottom line. Fox Studios generated a $120 million loss for Disney in the most recent fiscal quarter — driven by box office disappointments Ad Astra, … Continue reading “Disney’s 20th Century Fox Film Purchase Continues to Underwhelm Financially”
-
‘John Wick’ Helps Up Lionsgate Q2 Home Entertainment Revenue
Lionsgate Nov. 7 reported second-quarter (ended Sept. 30) home entertainment revenue of $178.5 million, which was up 19.3% from revenue of $149.6 million during the previous-year period. Packaged-media sales of DVD/Blu-ray Disc and 4K Blu-ray movies topped $65.2 million, compared with $64.5 million last year. Digital revenue topped $113.3 million, up 33.1% from revenue of … Continue reading “‘John Wick’ Helps Up Lionsgate Q2 Home Entertainment Revenue”
-
Starz Adds Record 1.2 Million OTT Subs
Lionsgate-owned Starz saw its domestic OTT service add a record 1.2 million subscribers in the second quarter (ended Sept. 30), to end the period with 5.6 million subs, its best sequential growth quarter ever. The service is targeting 6 million subs by the end of the fiscal year. Starz ended the quarter with 27 million … Continue reading “Starz Adds Record 1.2 Million OTT Subs”
-
Disney Doubles Direct-to-Consumer Segment Loss to $740 Million
Acquiring control of Hulu and launching a branded subscription streaming video service is expensive. Disney Nov. 7 reported it lost $740 million in its nascent direct-to-consumer (DTC) business unit in the fourth quarter (ended Sept. 30) — more than double the $340 million operating loss in the previous-year period. DTC oversees Disney’s foray into over-the-top … Continue reading “Disney Doubles Direct-to-Consumer Segment Loss to $740 Million”
-
Sling TV Offsets Q3 Dish Subscriber Losses
Sling TV is back. Dish Network Nov. 7 said it added 214,000 Sling subscribers in the third quarter, ended Sept. 30. That compared to a gain of 26,000 Sling subs in the previous-year period. Sling ended the period with 2.69 million subs, up 13.5% from 2.37 million subs at the same time last year. Launched … Continue reading “Sling TV Offsets Q3 Dish Subscriber Losses”
-
Roku Ups Loss, Stock Tumbles
Roku, which co-created the subscription streaming video market with Netflix, Nov. 6 reported a third-quarter (ended Sept. 30) net loss of $25.1 million, widened 164% from a net loss of $9.5 million during the previous-year period. The company attributed the red ink to increased spending on marketing aimed at attracting user/subscribers. Revenue increased more than … Continue reading “Roku Ups Loss, Stock Tumbles”
-
GameStop Reportedly Shutting Down Nordic Stores
Fiscally challenged GameStop is reportedly set to begin closing upwards of 300 stores in Scandinavia in 2020. The closures have not been officially announced, but store managers in the region confirmed the move, according to Computer Sweden. In addition, an annual management conference was reportedly canceled. The move comes as the world’s largest video game … Continue reading “GameStop Reportedly Shutting Down Nordic Stores”
-
WWE Streaming Video Service Losing Subs, Pins Hopes on Linear TV
World Wrestling Entertainment (WWE) has new TV broadcast deals with Fox and Comcast, which couldn’t come at a better time for the showbiz promoter. That’s because WWE’s forays into subscription-based over-the-top video to supplant waning packaged-media sales are flatlining. The company’s flagship WWE Network averaged 1.51 million paid subscribers the third quarter (ended Sept.30), consistent … Continue reading “WWE Streaming Video Service Losing Subs, Pins Hopes on Linear TV”