Financial
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Amazon Touts Sales Growth Among Small and Medium Businesses
Amazon Jan. 18 announced that more than 50,000 small and medium-sized businesses exceeded $500,000 in sales in Amazon’s stores worldwide, and nearly 200,000 surpassed $100,000 in sales in sales. Amazon is the country’s No. 1 retailers and one of the leading retailers of home entertainment, both physical (DVD and Blu-ray Disc) and digital. The site also is home to … Continue reading “Amazon Touts Sales Growth Among Small and Medium Businesses”
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Trans World Entertainment Corp. Given Nasdaq Delisting Warning
Trans World Entertainment Corp., parent of home entertainment retailer f.y.e. (For Your Entertainment), Jan. 17 disclosed it has been put on notice by Nasdaq regarding its stock not meeting the $1 minimum price-per-share valuation for publicly-traded companies. The retailer, whose stock is trading at 61 cents per share, has until July 15 to elevate the … Continue reading “Trans World Entertainment Corp. Given Nasdaq Delisting Warning”
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Amazon Touts Sales Growth Among Small and Medium Businesses
Amazon Jan. 18 announced that more than 50,000 small and medium-sized businesses exceeded $500,000 in sales in Amazon’s stores worldwide, and nearly 200,000 surpassed $100,000 in sales in sales. Amazon is the country’s No. 1 retailers and one of the leading retailers of home entertainment, both physical (DVD and Blu-ray Disc) and digital. The site also is home to … Continue reading “Amazon Touts Sales Growth Among Small and Medium Businesses”
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Trans World Entertainment Corp. Given Nasdaq Delisting Warning
Trans World Entertainment Corp., parent of home entertainment retailer f.y.e. (For Your Entertainment), Jan. 17 disclosed it has been put on notice by Nasdaq regarding its stock not meeting the $1 minimum price-per-share valuation for publicly-traded companies. The retailer, whose stock is trading at 61 cents per share, has until July 15 to elevate the … Continue reading “Trans World Entertainment Corp. Given Nasdaq Delisting Warning”
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Netflix Posts Record Q4 Subscriber Growth
Netflix Jan. 17 reported it added 7.3 million net new paid subscribers internationally in the fourth quarter (ended Dec. 31, 2018) — which was above company projections of 6.1 million. In the United States, Netflix added 1.53 million paid subs, compared to projections of 1.5 million. Netflix no longer combines new subs on trial basis … Continue reading “Netflix Posts Record Q4 Subscriber Growth”
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Helios and Matheson Files With SEC for MoviePass Spinoff
Helios and Matheson Analytics announced Jan. 17 that it has filed confidentially with the Securities and Exchange Commission to spin off its theatrical ticket subscription service MoviePass as a new subsidiary, MoviePass Entertainment Holdings. Helios will spin off shares by listing on Nasdaq or an alternative exchange and distribute some of the shares as a … Continue reading “Helios and Matheson Files With SEC for MoviePass Spinoff”
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Analyst: Netflix Price Hike to Negatively Affect Sub Growth
Following Netflix’s announcement that it was raising subscription prices, the company’s stock increased in value as Wall Street applauded the service’s first price hike since 2017. Wedbush Securities’ digital media analyst Michael Pachter has a different perspective. The long-time Netflix bear contends the price hike will negatively impact the SVOD pioneer’s mature domestic subscriber base … Continue reading “Analyst: Netflix Price Hike to Negatively Affect Sub Growth”
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MoviePass Parent Sells Hundreds of Millions in Common Stock for Pennies
Fiscally-challenged Helios and Matheson Analytics, parent of theatrical ticket subscription service MoviePass, Jan. 16 announced it has entered into definitive agreements with certain institutional investors for the purchase of 333,333,334 common units for gross proceeds of about $5.4 million. Each unit includes one share of common stock, one warrant to purchase one share of common … Continue reading “MoviePass Parent Sells Hundreds of Millions in Common Stock for Pennies”
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Netflix Upping Subscription Pricing
Netflix is raising the price for its domestic subscription plans. The SVOD pioneer’s basic $7.99 single-viewer, non-HD plan is increasing to $8.99 monthly, while the standard $10.99 two HD streams plan is jumping to $12.99. The premium four-stream HD plan increases to $15.99 from $13.99. The new pricing, which affects about 40 countries, impacts new … Continue reading “Netflix Upping Subscription Pricing”
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Neulion Rebranded to Endeavor Streaming, Snatches WWE from Disney’s BamTech Media
Backend tech support for streaming video is becoming big business. Endeavor Talent Agency, whose subsidiaries include William Morris Endeavor, IMG, and Ultimate Fighting Championship, announced the formation of Endeavor Streaming, encompassing the company’s video streaming products and services. The over-the-top video venture is driven by Neulion, which Endeavor acquired in 2018 for $250 million. NeuLion, … Continue reading “Neulion Rebranded to Endeavor Streaming, Snatches WWE from Disney’s BamTech Media”
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Ingram Entertainment Buys Rival Baker & Taylor’s Retail Entertainment Assets
Ingram Entertainment Inc., for years the leading national distributor of home entertainment products, announced Jan. 14 that it has purchased certain assets of the Baker & Taylor LLC entertainment products distribution business, such as retail customer agreements for the purchase of video and audio music products. The purchase, which does not involve book products or the … Continue reading “Ingram Entertainment Buys Rival Baker & Taylor’s Retail Entertainment Assets”
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Analyst: ‘Bird Box’ Viewership Suggests Strong Q4 Netflix Sub Growth
Netflix’s fiscal fortunes on Wall Street largely revolve around meeting or exceeding subscriber growth projections. The more subs added, the less attention investors put on the streaming video pioneer’s ballooning content spend. Netflix is estimating it added 9.4 million new subscribers worldwide in the fourth quarter (ended Dec. 31, 2018), including 1.5 million in the … Continue reading “Analyst: ‘Bird Box’ Viewership Suggests Strong Q4 Netflix Sub Growth”