Financial
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#MeToo Stain Follows Netflix
NEWS ANALYSIS — When allegations of sexual harassment and misconduct resulted in Jeffrey Tambor (who has denied the allegations) being fired from Amazon’s original series “Transplant,” Netflix hoped the backlash against the award-winning actor wouldn’t affect one of its prized shows, “Arrested Development.” They were wrong. In what was supposed to be star-studded media campaign … Continue reading “#MeToo Stain Follows Netflix”
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Netflix Enters Pact with Spain’s Largest Telecom
As expected, Netflix and Telefónica, Spain’s largest telecom, have inked an agreement enabling the SVOD pioneer to be embedded in the latter’s Movistar over-the-top video service in Europe and Latin America. The first launches in several countries will be announced in the next few weeks and further launches will happen throughout the region in 2018. … Continue reading “Netflix Enters Pact with Spain’s Largest Telecom”
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Netflix Enters Pact with Spain’s Largest Telecom
As expected, Netflix and Telefónica, Spain’s largest telecom, have inked an agreement enabling the SVOD pioneer to be embedded in the latter’s Movistar over-the-top video service in Europe and Latin America. The first launches in several countries will be announced in the next few weeks and further launches will happen throughout the region in 2018. … Continue reading “Netflix Enters Pact with Spain’s Largest Telecom”
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Starz Bowing on YouTube TV, Hulu
Seeking to significantly upgrade the Starz brand globally, corporate parent Lionsgate has licensed the premium channel’s app to YouTube TV and Hulu. Speaking on the May 24 fiscal call, Jon Feltheimer, CEO of Lionsgate, said the distribution agreements were part of a global rollout of the Starz app across 15 territories over the next three … Continue reading “Starz Bowing on YouTube TV, Hulu”
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Lionsgate Fiscal 2018 Home Entertainment Revenue Up $67 Million
Spurred by packaged media and digital revenue from Oscar-winner La La Land, Power Rangers, Tyler Perry’s Boo 2! A Madea Halloween, and Wonder, Lionsgate reported a $67 million increase in home entertainment revenue for the 2018 fiscal year, ended March 31. Revenue rose 9.5% to $774 million, which included $400 million from DVD and Blu-ray Disc, … Continue reading “Lionsgate Fiscal 2018 Home Entertainment Revenue Up $67 Million”
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MoviePass Pushes Fiscal Lifeline Fantasy
NEWS ANALYSIS — The corporate parent of fiscally-challenged subscription ticket service MoviePass reportedly claims it has a $300 million lifeline that can keep operations afloat for at least a year. Helios and Matheson Analytics (HMNY), which owns more than 90% of MoviePass, has been shrugging off its plunging stock valuation (down 98%) as investors question … Continue reading “MoviePass Pushes Fiscal Lifeline Fantasy”
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Best Buy Delivers ‘Better-Than-Expected’ Q1 Results
In an age of e-commerce and Amazon, maintaining near positive year-over-year entertainment retail sales results can be a good thing. That’s Best Buy’s mindset, which May 24 reported 0.8% decline in entertainment segment same-store sales for the first quarter, ended May 5. Never mind the entertainment unit, which includes myriad products such as DVD/Blu-ray Disc … Continue reading “Best Buy Delivers ‘Better-Than-Expected’ Q1 Results”
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Comcast Prepping Superior Offer for Fox
The Walt Disney Co. and 21st Century Fox may think they have a $52.4 million merger agreement to split off 20th Century Fox Film locked up, but Comcast is hedging shareholders will follow the money. Comcast May 23 issued a statement that it is finalizing an all-cash (reportedly $60 billion) offer for Fox that bests Disney’s … Continue reading “Comcast Prepping Superior Offer for Fox”
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New Role for Man Jit Singh? Sony Pictures Eyes India in Mid-Term Growth Report
NEWS ANALYSIS — Sony Pictures Entertainment plans to increase its exposure and economic footprint in India over the next three years, beginning in March 2019, according to a May 22 release from new CEO Kenichiro Yoshida. With a companywide strategy aimed at “getting closer to people,” Sony Pictures contends expanding its television and movie footprint … Continue reading “New Role for Man Jit Singh? Sony Pictures Eyes India in Mid-Term Growth Report”
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Comcast’s $31 Billion Bid for Sky Receives Regulatory Bump
Comcast’s proposed $31 billion offer for British satellite TV operator Sky isn’t generating any concern from the government’s Secretary of State for Digital, Culture, Media and Sport. Comcast May 7 formally submitted a counter-offer to 21st Century Fox’s $15 billion bid to acquire shares of Sky it does not already own. “Having reviewed the relevant … Continue reading “Comcast’s $31 Billion Bid for Sky Receives Regulatory Bump”
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CBS Postpones Annual Shareholder Meeting
CBS canceled its planned May 18 annual shareholder meeting following a week of litigation and drama between the media giant and its majority shareholder National Amusements, which is headed by Shari Redstone and her ailing 94-year-old father Sumner Redstone. On May 17, the board of directors of CBS voted 11-3 to dilute the voting power … Continue reading “CBS Postpones Annual Shareholder Meeting”
