Financial
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Amazon’s New Co-HQs: Arlington, Virginia, and New York City
Amazon on Nov. 13 announced that it has selected New York City and Arlington, Virginia, as the locations for the company’s new co-headquarters. Amazon, in a news release, says it will invest $5 billion and create more than 50,000 jobs across the two locations, with more than 25,000 employees each in New York City and Arlington. The new locations will join Seattle as the company’s three … Continue reading “Amazon’s New Co-HQs: Arlington, Virginia, and New York City”
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MoviePass Parent Cancels Special Shareholder Meeting Seeking Second Reverse Stock Split
Helios and Matheson Analytics shareholders have been to this rodeo before. The corporate parent to fiscally challenged ticket subscription service MoviePass Nov. 13 disclosed that a planned special shareholder meeting regarding a proposed second reverse-stock split has been canceled due to a lack of requisite stockholder votes. The meeting, previously scheduled for Oct. 18 and … Continue reading “MoviePass Parent Cancels Special Shareholder Meeting Seeking Second Reverse Stock Split”
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Amazon’s New Co-HQs: Arlington, Virginia, and New York City
Amazon on Nov. 13 announced that it has selected New York City and Arlington, Virginia, as the locations for the company’s new co-headquarters. Amazon, in a news release, says it will invest $5 billion and create more than 50,000 jobs across the two locations, with more than 25,000 employees each in New York City and Arlington. The new locations will join Seattle as the company’s three … Continue reading “Amazon’s New Co-HQs: Arlington, Virginia, and New York City”
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MoviePass Parent Cancels Special Shareholder Meeting Seeking Second Reverse Stock Split
Helios and Matheson Analytics shareholders have been to this rodeo before. The corporate parent to fiscally challenged ticket subscription service MoviePass Nov. 13 disclosed that a planned special shareholder meeting regarding a proposed second reverse-stock split has been canceled due to a lack of requisite stockholder votes. The meeting, previously scheduled for Oct. 18 and … Continue reading “MoviePass Parent Cancels Special Shareholder Meeting Seeking Second Reverse Stock Split”
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AT&T CEO Calls on Congress to Restore Net Neutrality
AT&T chairman/CEO Randall Stephenson apparently believes in miracles. Speaking Nov. 12 at the Wall Street Journal’s WSJ Tech D. Live confab in Laguna Beach, Calif., Stephenson called on politically-divided Congress to enact net neutrality guidelines for the nation’s Internet service providers. It was wishful thinking, Stephenson agreed, joking the lawmakers can’t agree on the freezing temperature … Continue reading “AT&T CEO Calls on Congress to Restore Net Neutrality”
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Netflix Eyeing Pricing Changes; Dropping Nintendo Wii Functionality
Netflix reportedly is considering price cuts in select foreign markets, while an analyst in the United States says the SVOD’s domestic subscribers are open to a price increase. Netflix will also stop streaming access through the Nintendo Wii gaming platform after Jan. 31, 2019. Bloomberg, citing an interview with Netflix co-founder and CEO Reed Hastings, … Continue reading “Netflix Eyeing Pricing Changes; Dropping Nintendo Wii Functionality”
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AMC Theatres CEO Says A-List Subscription Ticket Service Will be Profitable a Year Early
Since launching Stubs A-List theatrical ticket subscription service less than five months ago as competition to MoviePass, AMC Theatres has generated 500,000 subs to the $19.95 monthly service. As a result, CEO Adam Aron now says the service will be profitable in 2019 – a year ahead of projections. Speaking Nov. 8 on the fiscal … Continue reading “AMC Theatres CEO Says A-List Subscription Ticket Service Will be Profitable a Year Early”
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Lionsgate Eyes Starz OTT Sub Growth — Through Amazon, Hulu, Others
Lionsgate, like a lot of media companies, is staking much of its growth on over-the-top video — notably subsidiary Starz’ branded streaming video app. The $8.99 service, which offers original programming, Lionsgate movies and third-party (i.e. Sony Pictures) content, has about 3 million subscribers since its April 2016 launch. Much of that growth has come … Continue reading “Lionsgate Eyes Starz OTT Sub Growth — Through Amazon, Hulu, Others”
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Disney Has Big Plans for Hulu
Hulu may be losing millions in equity for its corporate parents, but that isn’t stopping The Walt Disney Co. from dreaming big going forward about the 11-year-old SVOD service and online TV platform. Disney, which attributed $10 million in Q4 equity losses to higher programming, marketing and labor costs at Hulu, partially offset by growth … Continue reading “Disney Has Big Plans for Hulu”
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Lionsgate Posts 10% Drop in Q2 Home Entertainment Revenue
Lionsgate Nov. 8 reported second-quarter (ended Sept. 30) home entertainment revenue of $149.6 million from the sales of DVD/Blu-ray Disc and electronic sellthrough of movies, which is down 10% from revenue of $165.7 million during the previous-year period. Home entertainment sales of television content topped $28.6 million, down about 5% from $29.9% last year. Through … Continue reading “Lionsgate Posts 10% Drop in Q2 Home Entertainment Revenue”
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Marvel’s ‘Avengers: Infinity War’ Home Video Sales Spur Q4 Disney Studio Results
Home entertainment sales of Marvel’s Avengers: Infinity War (physical and digital) helped increase Walt Disney Studios’ fourth-quarter (ended Sept. 30) operating income 64.5% ($378 million) to $596 million from $218 million during the previous-year period. Revenue increased 50% to $2.15 billion from $1.43 billion last year. Infinity War has sold $90.5 million via 2.7 million combined DVD/Blu-ray Disc … Continue reading “Marvel’s ‘Avengers: Infinity War’ Home Video Sales Spur Q4 Disney Studio Results”
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Roku Ups Q3 Loss Nearly 50%
Streaming media device pioneer Roku Nov. 7 reported third-quarter (ended Sept. 30) net loss of $11.7 million, up 49% from a loss of $7.9 million during the previous-year period. Revenue increased 39% to $173.4 million from $124.8 million. Roku, which created the SVOD market with Netflix in 2008, generated $73.3 million in device revenue, up … Continue reading “Roku Ups Q3 Loss Nearly 50%”