Financial
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Spike Lee’s ‘BlacKkKlansman’ Due on Digital Oct. 23, Disc Nov. 6 From Universal
BlacKkKlansman, director Spike Lee’s film of the true story of Ron Stallwortth, an African-American police officer who infiltrates the Ku Klux Klan, will arrive on digital (including Movies Anywhere) Oct. 23 and on 4K Ultra HD, Blu-ray, DVD and on demand Nov. 6 from Universal Pictures Home Entertainment. Based on the book Black Klansman by Stallworth, BlacKkKlansman stars John … Continue reading “Spike Lee’s ‘BlacKkKlansman’ Due on Digital Oct. 23, Disc Nov. 6 From Universal”
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U.K. Regulator Eyeing One-Day Auction for Satellite TV Operator Sky
With an apparent impasse on competing acquisition offers accepted by Sky shareholders from 21stCentury Fox, Comcast and The Walt Disney Co., a U.K. regulatory agency is set to take the unusual step of authorizing a one-day auction between the competing suitors. The Panel on Takeovers and Mergers Sept. 20 issued a statement declaring that after … Continue reading “U.K. Regulator Eyeing One-Day Auction for Satellite TV Operator Sky”
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U.K. Regulator Eyeing One-Day Auction for Satellite TV Operator Sky
With an apparent impasse on competing acquisition offers accepted by Sky shareholders from 21stCentury Fox, Comcast and The Walt Disney Co., a U.K. regulatory agency is set to take the unusual step of authorizing a one-day auction between the competing suitors. The Panel on Takeovers and Mergers Sept. 20 issued a statement declaring that after … Continue reading “U.K. Regulator Eyeing One-Day Auction for Satellite TV Operator Sky”
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Report: Global OTT Video Revenue to Reach $129 Billion by 2023
Spurred by Netflix and Amazon Prime Video, worldwide revenue from online access to TV shows and movies is projected to reach $129 billion in 2023 – more than double the $53 billion generated in 2017, according to new data from Digital TV Research. Global OTT video revenue is expected to reach $71 billion this year. … Continue reading “Report: Global OTT Video Revenue to Reach $129 Billion by 2023”
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Amazon Looking to Dramatically Up Retail Presence
Amazon may have a legacy antithetical to brick-and-mortar business, but its recent strategies appear to be embracing old-school retail. The ecommerce behemoth, which currently operates about 20 branded retail bookstores, last year acquired Whole Foods for $13.7 billion. It has reduced its list of cities for a second headquarter down to 20. Earlier this month, … Continue reading “Amazon Looking to Dramatically Up Retail Presence”
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Fox, Comcast Extend Offer for Sky to Oct. 6
As expected, 21stCentury Fox has extended its offer for remaining shares of U.K. satellite TV distributor Sky to Oct. 6 – the same date Comcast extended its competing offer. Comcast currently holds the higher bid: $34 billion (£14.75 per share) compared to Fox’s £14 per share. Yet neither offer has resonated with Sky shareholders, with … Continue reading “Fox, Comcast Extend Offer for Sky to Oct. 6”
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MoviePass Owner Seeks Second Reverse-Stock Split
Helios and Matheson Analytics, corporate parent of fiscally challenged theatrical ticket subscription service MoviePass, is looking to authorize a second reverse-stock split. A proposal for 1-for-500 shares reverse-stock split will be presented to HMNY shareholders at an upcoming special meeting Oct. 18 in New York. “We believe that a reverse stock split could increase the … Continue reading “MoviePass Owner Seeks Second Reverse-Stock Split”
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Viacom CEO: We’re Seeing Incredible Turnaround at Paramount
Among major studios, Paramount Pictures has taken an outsized share of fiscal hits in recent years — only generating its first operating profit since 2015 in March. Speaking Sept. 12 at Goldman Sachs 27th Annual Communacopia confab in New York, Bob Bakish, CEO of corporate parent Viacom, said Paramount is a very different place today … Continue reading “Viacom CEO: We’re Seeing Incredible Turnaround at Paramount”
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Cinelytic Gets $2.25 Million Investment
Data analytics firm Cinelytic announced a $2.25 million investment by Thailand’s T&B Media Global. “The deal will enable Cinelytic to further advance its leading role in AI driven decision support for the entertainment industry,” according to a company press release. Cinelytic combines artificial intelligence and cloud-based technologies to enable entertainment industry professionals to make faster, and better-informed, … Continue reading “Cinelytic Gets $2.25 Million Investment”
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OTT Video Revenue Booming in Western Europe
Ongoing proliferation of Netflix and Amazon Prime Video subscription streaming video services is having implications across Western Europe. OTT video revenue will reach $23.02 billion in 2023; more than double the $9.84 billion recorded in 2017, according to new data from Digital TV Research. Revenue for 18 countries is expected to climb by $2.63 billion … Continue reading “OTT Video Revenue Booming in Western Europe”
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GameStop Posts $24.9 Million Q2 Loss, Confirms Engagement with Third Parties Regarding Possible Sale of the Company
GameStop Sept. 6 reported a second-quarter (ended Aug. 4) net loss of $24.9 million, compared to a profit of $22.2 million during the previous-year period. Revenue was relatively flat at $1.64 billion. The nation’s largest video game retailer attributed the loss in part to a one-stop tax charge regarding operations in France. Without the charge, … Continue reading “GameStop Posts $24.9 Million Q2 Loss, Confirms Engagement with Third Parties Regarding Possible Sale of the Company”
