Financial
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Comcast Ups Q3 Cable Sub Loss to 382,000
Comcast Cable Oct. 28 reported it lost 382,000 legacy pay-TV subscribers in the third quarter, ended Sept. 30. That is up more than 50% from a sub loss of 253,000 during the previous-year period. Comcast ended the period with 17.8 million video subs, down from 19.2 million a year ago. The declines reflect ongoing secular … Continue reading “Comcast Ups Q3 Cable Sub Loss to 382,000”
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Universal Pictures Home Entertainment Q3 Revenue Down Slightly
Universal Pictures Home Entertainment Oct. 28 reported third quarter (ended Sept. 30) revenue of $273 million, down about 5% from revenue of $286 million during the previous-year period. Key retail releases in 2021 include F9: The Fast Saga, which only hit retail shelves Sept. 21; Greenland (Feb. 9), The Croods: A New Age (Feb. 23), … Continue reading “Universal Pictures Home Entertainment Q3 Revenue Down Slightly”
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Comcast Ups Q3 Cable Sub Loss to 382,000
Comcast Cable Oct. 28 reported it lost 382,000 legacy pay-TV subscribers in the third quarter, ended Sept. 30. That is up more than 50% from a sub loss of 253,000 during the previous-year period. Comcast ended the period with 17.8 million video subs, down from 19.2 million a year ago. The declines reflect ongoing secular … Continue reading “Comcast Ups Q3 Cable Sub Loss to 382,000”
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Universal Pictures Home Entertainment Q3 Revenue Down Slightly
Universal Pictures Home Entertainment Oct. 28 reported third quarter (ended Sept. 30) revenue of $273 million, down about 5% from revenue of $286 million during the previous-year period. Key retail releases in 2021 include F9: The Fast Saga, which only hit retail shelves Sept. 21; Greenland (Feb. 9), The Croods: A New Age (Feb. 23), … Continue reading “Universal Pictures Home Entertainment Q3 Revenue Down Slightly”
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Sony Pictures Home Entertainment Q2 Revenue Nearly Doubles Theatrical
Sony Pictures Home Entertainment Oct. 28 reported second quarter (ended Sept. 30) revenue of $130 million, which was down 24% from revenue of $171 million during the previous-year period. The tally, based largely on catalog titles, nearly doubled Sony’s theatrical revenue of $66 million. Since the pandemic began, Sony has shelved major theatrical releases, including … Continue reading “Sony Pictures Home Entertainment Q2 Revenue Nearly Doubles Theatrical”
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Genius Brands Acquiring WOW! Unlimited Media
Genius Brands International is acquiring WOW! Unlimited Media for approximately $53 million in cash and stock, according to the companies. WOW! Unlimited Media, based in Toronto, Vancouver, New York and Los Angeles, is an animation production company producing for the top broadcasters and IP holders including Netflix, Amazon Prime, Sony, Hulu, Dreamworks, Moonbug, Peacock and … Continue reading “Genius Brands Acquiring WOW! Unlimited Media”
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Trade Group Predicting Highest-Ever Winter Retail Sales
Following a 2020 winter retail impacted by the pandemic, new data from the National Retail Federation suggests the 2021 holiday retail season will record the highest sales ever. The trade group Oct. 27 contends that holiday sales during November and December will grow between 8.5% and 10.5%, respectively, from the same period in 2020. Monthly … Continue reading “Trade Group Predicting Highest-Ever Winter Retail Sales”
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Redbox Inks Palomino Media Group to Handle Sales for Ad-Supported Streaming Video
Redbox Oct. 27 announced it has signed a deal with sports and entertainment media company Team Whistle to have their Palomino Media Group handle direct sales for the kiosk vendor’s advertiser-supported streaming video platform that includes AVOD and Free Ad-Supported Television (FAST) channels. Redbox has been aggressively expanding its free streaming efforts and recently surpassed … Continue reading “Redbox Inks Palomino Media Group to Handle Sales for Ad-Supported Streaming Video”
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Universal’s ‘F9’ Remains Atop U.K. Home Entertainment Chart, Thanks to Disc
Universal Pictures Home Entertainment’s F9: The Fast Saga sped to its second week atop the Official Film Chart for the retail week ending Oct. 27. With 86% of its sales coming from DVD and Blu-ray Disc, the ninth installment in the car-themed franchise held off Universal’s animated sequel The Croods: A New Age, which climbed … Continue reading “Universal’s ‘F9’ Remains Atop U.K. Home Entertainment Chart, Thanks to Disc”
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Google Q3 Media Subscriptions, Transactions Hit Another Fiscal Home Run
It was another great 90 days selling media subscriptions and digital movie and TV show transactions on Google. Alphabet Inc. Oct. 26 announced that its Google Services segment generated $23.9 billion in third-quarter (ended Sept. 30) operating income, which was up 66% from operating income of $14.5 billion during the previous-year period. Revenue skyrocketed 40% … Continue reading “Google Q3 Media Subscriptions, Transactions Hit Another Fiscal Home Run”
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Data: ‘Squid Game’ Could Drive Netflix Asia Sub Growth
Netflix original South Korean series “Squid Game” generated 142 million households watching the horror show worldwide in its first 28 days on the SVOD platform. New data from Bloomberg Intelligence suggests Netflix could double its Asian subscriber count with the addition of other localized content. The SVOD pioneer ended the most-recent fiscal period with more … Continue reading “Data: ‘Squid Game’ Could Drive Netflix Asia Sub Growth”
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Redbox Stock on Wild Run Day After Going Public
Redbox, the venerable kiosk disc rental company transitioning to digital entertainment distribution, on Oct. 26 saw its shares up more than 96% at $23.39 per share in early trading — the day after going public on the Nasdaq exchange. Shares fell minutes later to around $19 and then $17 after opening at $11.75 per share, … Continue reading “Redbox Stock on Wild Run Day After Going Public”