Financial
-
Stan Lee Universe Licenses Stan Lee Name and Likeness to Marvel Studios
Stan Lee Universe, Genius Brands International’s Genius Brands controlled venture with POW! Entertainment, has signed a 20-year deal to license the name and likeness of Stan Lee to Marvel Studios for future feature films and television productions, as well as use in Disney theme parks and experiences worldwide. “We are proud to be the stewards … Continue reading “Stan Lee Universe Licenses Stan Lee Name and Likeness to Marvel Studios”
-
‘Uncharted’ Remains Atop U.K. Home Entertainment Chart for Third Week
Sony Pictures Home Entertainment’s Uncharted finished the third straight week (May 18) at No. 1 on the Official Film Chart, the weekly U.K. home entertainment sales chart. Following its release on DVD, Blu-ray Disc and 4K UHD Blu-ray, Uncharted held off competition from former chart toppers, Universal Pictures Home Entertainment’s Sing 2 (2) and SPHE’s … Continue reading “‘Uncharted’ Remains Atop U.K. Home Entertainment Chart for Third Week”
-
Stan Lee Universe Licenses Stan Lee Name and Likeness to Marvel Studios
Stan Lee Universe, Genius Brands International’s Genius Brands controlled venture with POW! Entertainment, has signed a 20-year deal to license the name and likeness of Stan Lee to Marvel Studios for future feature films and television productions, as well as use in Disney theme parks and experiences worldwide. “We are proud to be the stewards … Continue reading “Stan Lee Universe Licenses Stan Lee Name and Likeness to Marvel Studios”
-
‘Uncharted’ Remains Atop U.K. Home Entertainment Chart for Third Week
Sony Pictures Home Entertainment’s Uncharted finished the third straight week (May 18) at No. 1 on the Official Film Chart, the weekly U.K. home entertainment sales chart. Following its release on DVD, Blu-ray Disc and 4K UHD Blu-ray, Uncharted held off competition from former chart toppers, Universal Pictures Home Entertainment’s Sing 2 (2) and SPHE’s … Continue reading “‘Uncharted’ Remains Atop U.K. Home Entertainment Chart for Third Week”
-
Netflix Lays Off 150 Mostly U.S.-Based Employees
Netflix May 17 confirmed it has laid off 150 employees, less than 2% of its 11,000 global work force. The subscription streaming behemoth said the staffing cuts included mostly-U.S.-based employees. “These changes are primarily driven by business needs rather than individual performance, which makes them especially tough as none of us want to say goodbye … Continue reading “Netflix Lays Off 150 Mostly U.S.-Based Employees”
-
Lionsgate Partnering on Movie, TV Production Facility in New Jersey
Lionsgate May 17 announced it has partnered with Great Point Studios, a studio investment/management business specializing in film and television infrastructure, and The New Jersey Performing Arts Center, for the creation of a 12-acre, $125 million production facility in Newark. The facility will be owned and operated by Great Point Studios. As the facility’s long-term … Continue reading “Lionsgate Partnering on Movie, TV Production Facility in New Jersey”
-
Redbox CEO Eyes Crackle Plus as AVOD Role Model
On the heels of Chicken Soup for the Soul Entertainment’s acquisition of Redbox Entertainment, Redbox CEO Galen Smith, in a memo to employees, said the transaction would in part help the legacy DVD rental kiosk vendor transition to ad-supported streaming video distribution. Chicken Soup, which owns and operates Crackle Plus, one of the original AVOD … Continue reading “Redbox CEO Eyes Crackle Plus as AVOD Role Model”
-
Streaming Back to 80% of Home Entertainment Spending in Q1, DEG Says
Netflix may have taken a big hit as talk of “streaming fatigue” grow louder, but first-quarter consumer spending estimates from DEG: The Digital Entertainment Group show subscription streaming demand ticked back up after a slight dip during the 2021 holiday period. The trade group estimated just slightly more than 80% of consumer spending in the … Continue reading “Streaming Back to 80% of Home Entertainment Spending in Q1, DEG Says”
-
Analyst: Netflix Stopping Entire Season Episode Drops Could Curb Subscriber Churn
Netflix recent move to cut new seasons of “Ozark” and “Stranger Things” into half-season premieres, should help the subscription streaming video behemoth reduce churn and sustain its subscriber base, according to Wedbush Securities media analyst Michael Pachter. In a May 16 note, Los Angeles-based Pachter said halting the pioneering practice of dropping all episodes of … Continue reading “Analyst: Netflix Stopping Entire Season Episode Drops Could Curb Subscriber Churn”
-
NPD: April Video Game Revenue Fell 8% Despite Console Sale Gains
Sales of physical and digital video games, consoles and accessories declined 8% in April to $4.34 billion, from $4.71 billion during the previous-year period, according to new data from The NPD Group. The drop was less than March’s plummet of 15%. In a “switch,” hardware sales, driven by reduced supply issues for Sony’s PlayStation 5, … Continue reading “NPD: April Video Game Revenue Fell 8% Despite Console Sale Gains”
-
Warner Bros. Discovery, BT Group Launching Live Sports Joint Venture in U.K., Ireland
U.K. telecom operator BT Group and Warner Bros. Discovery May 12 announced the formation of a joint venture to create a new sports streaming/broadcast platform for the U.K. and Ireland. The deal includes the transfer BT Sport’s business operations to Warner Bros. Discovery. Combining the sports content of both BT Sport and WBD-owned Eurosport U.K., … Continue reading “Warner Bros. Discovery, BT Group Launching Live Sports Joint Venture in U.K., Ireland”
