Financial
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Netflix’s Nina Wolarsky Exits Streamer After Eight Years
The ongoing management shuffle at Netflix claimed another long-time executive. Nina Wolarsky, VP of original series – drama, is leaving the SVOD giant after eight years. Wolarsky’s exit is the latest following last month’s promotion of Bela Bajaria to global head of television. During her tenure, Wolarsky helped guide some of Netflix’s biggest original hits, … Continue reading “Netflix’s Nina Wolarsky Exits Streamer After Eight Years”
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Report: Disney’s ‘Mulan’ Most Popular Streamed Movie in the World
New data from Atlas VPN suggests the Walt Disney Co.’s live-action remake of Mulan has become the most in-demand streamed movie in the world in October. The research firm, which took 100 of the most-popular movies on IMDb and cross-referenced them with Google Trends data from October, says the movie tops the charts in 53 … Continue reading “Report: Disney’s ‘Mulan’ Most Popular Streamed Movie in the World”
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Report: Disney’s ‘Mulan’ Most Popular Streamed Movie in the World
New data from Atlas VPN suggests the Walt Disney Co.’s live-action remake of Mulan has become the most in-demand streamed movie in the world in October. The research firm, which took 100 of the most-popular movies on IMDb and cross-referenced them with Google Trends data from October, says the movie tops the charts in 53 … Continue reading “Report: Disney’s ‘Mulan’ Most Popular Streamed Movie in the World”
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AT&T CEO: ‘Tenet’ Theatrical Release No Fiscal ‘Home Run’
Warner Bros.’ return to theatrical distribution remains a work in progress due to the ongoing coronavirus pandemic keeping theaters in key markets closed. Speaking on the Oct. 22 fiscal call, AT&T CEO John Stankey said he’s “breathing a lot easier now” about the restart of movie and TV productions at Warner, which he said totaled … Continue reading “AT&T CEO: ‘Tenet’ Theatrical Release No Fiscal ‘Home Run’”
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Warner Bros. Q3 Home Entertainment/Video Game Revenue Down YTY
With few movie releases due the coronavirus pandemic production shutdowns, and the video game industry awaiting launches of new generation consoles, Warner Bros. Oct. 22 reported third-quarter (ended Sept. 30) operating revenue of $383 million for its games, home entertainment and ancillary content segment. That was down 23% from revenue of $497 million during the … Continue reading “Warner Bros. Q3 Home Entertainment/Video Game Revenue Down YTY”
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HBO Max Touts 8.6 Million Q3 Activations; 38 Million U.S. Subs Total
HBO Max, WarnerMedia’s high-profile subscription streaming video platform, Oct. 22 reported 8.6 million subscriber activations in the third quarter, ended Sept. 30. The SVOD had 4.1 million activations after its first month of service following the May 27 launch. Activations are classified as HBO pay-TV subscribers and non-subs who sign up separately for Max with … Continue reading “HBO Max Touts 8.6 Million Q3 Activations; 38 Million U.S. Subs Total”
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Quibi Shutting Down Six Months After Launching
Quibi, the short-form subscription video service launched in April by DreamWorks Animation founder Jeffrey Katzenberg and eBay founder Meg Whitman, is ceasing operations. Katzenberg informed investors Oct. 21 about the shutdown, according to The Wall Street Journal, which cited people familiar with the situation. Later that day, after the Wall Street Journal report, Quibi confirmed … Continue reading “Quibi Shutting Down Six Months After Launching”
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Universal Ups Year-End Theatrical Slate; Studying Release-Window Data
Universal Pictures is doubling the number of movies it plans to release in theaters before the end of the year. The studio made waves earlier this year putting erstwhile theatrical release Trolls World Tour into homes via premium VOD in April. That was followed by a 17-day theatrical window/revenue-sharing PVOD agreement with AMC Theatres — … Continue reading “Universal Ups Year-End Theatrical Slate; Studying Release-Window Data”
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Verizon Fios TV Subs Down Nearly 30% Through Nine Months
The pay-TV subscriber hits keep coming. Verizon Oct. 21 reported that its Fios TV pay-TV service ended the third quarter (Sept. 30) with 3.92 million subscribers — down 6.6% from 4.2 million subs in the previous-year period. Through nine months of the fiscal year, Fios TV has jettisoned 277,000 subscribers, or 29.9% from the previous-year … Continue reading “Verizon Fios TV Subs Down Nearly 30% Through Nine Months”
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Netflix Generated $59 Million in Q3 Legacy Disc Rental Revenue
At Netflix, the disc may be forgotten, but it’s not exactly gone. Entering 2020, Netflix effectively closed the door on its legacy by-mail DVD rental business, launched in 1998. The company considers itself a streaming video company, and ties to its packaged media roots are all but ignored by senior management. Netflix no longer reports … Continue reading “Netflix Generated $59 Million in Q3 Legacy Disc Rental Revenue”
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Netflix Misses Q3 Sub Growth Projection By 300,000; Stock Drops
As expected, Netflix subscriber growth cooled in the third quarter that ended Sept. 30, with the SVOD leader adding 2.2 million subs worldwide — down from a company projection of 2.5 million. Wall Street had projected 3.26 million net sub additions. Netflix added just 180,000 net subs in North America, down from more than 600,000 … Continue reading “Netflix Misses Q3 Sub Growth Projection By 300,000; Stock Drops”
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AMC Theatres Says Q3 Revenue Plummeted 91%
AMC Theatres’ summer blockbuster was a no-show due to the coronavirus effectively shutting down all screens. On Oct. 20 the exhibitor disclosed the harsh fiscal reality: The nation’s largest movie chain generated just $119.5 million in revenue for the fiscal period ended Sept. 30. That was 91% less than the $1.32 billion generated during the … Continue reading “AMC Theatres Says Q3 Revenue Plummeted 91%”