Financial
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‘King of Staten Island’ Available to Own Digitally Aug. 11, on Disc Aug. 25
Universal Pictures Home Entertainment will release The King of Staten Island through digital retailers Aug. 11, and on Blu-ray Disc and DVD Aug. 25. Directed by Judd Apatow, the film is inspired by the life of comedian Pete Davidson, who also stars. Scott (Davidson) has been a case of arrested development ever since his firefighter … Continue reading “‘King of Staten Island’ Available to Own Digitally Aug. 11, on Disc Aug. 25”
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WarnerMedia CEO Jason Kilar Shakes Up Management; Kevin Reilly, Bob Greenblatt Out
Former Hulu CEO Jason Kilar was hired 90 days ago to shake up WarnerMedia and make the branded upstart SVOD service HBO Max competitive with Netflix, Amazon Prime Video, Disney+, Peacock — and Disney-owned Hulu. Kilar took a major step Aug. 7, letting WarnerMedia chairman Bob Greenblatt and Kevin Reilly, chief content officer for HBO … Continue reading “WarnerMedia CEO Jason Kilar Shakes Up Management; Kevin Reilly, Bob Greenblatt Out”
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Dish Loses 96,000 Pay-TV Subs in Q2, Including 56,000 Sling TV Accounts
Dish Network Aug. 7 said it lost 96,000 pay-TV subscribers in the second quarter (ended June 30), including 56,000 Sling TV paid members. That compared with a loss of 79,000 pay-TV subs during the previous-year period, in addition to a gain of 48,000 Sling TV customers. The company closed the quarter with 11.27 million pay-TV … Continue reading “Dish Loses 96,000 Pay-TV Subs in Q2, Including 56,000 Sling TV Accounts”
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Lionsgate Explodes Q1 Home Entertainment Revenue 45%
Lionsgate’s unsung workhorse, home entertainment, may not get many shoutouts by company officials on fiscal calls, but the business segment continues to positively impact the bottom line during the coronavirus pandemic. Aug. 6 Lionsgate announced that home entertainment generated $167.2 million in first-quarter (ended June 30) packaged-media and digital sales of movies, which was up … Continue reading “Lionsgate Explodes Q1 Home Entertainment Revenue 45%”
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CEO: AMC Theatres in PVOD Discussions With Other Studios; Q2 Revenue Plummets 98.8%, Net Loss Skyrockets to $561 Million
On the heels of its landmark premium VOD agreement with Universal Pictures, AMC Theatres is reaching out to other studios in hopes of securing similar revenue-sharing deals, CEO Adam Aron disclosed Aug. 6 on the second-quarter (ended June 30) financial disclosure. AMC will share with Universal in all PVOD movie rental revenue 17 days after … Continue reading “CEO: AMC Theatres in PVOD Discussions With Other Studios; Q2 Revenue Plummets 98.8%, Net Loss Skyrockets to $561 Million”
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CBS All Access and Showtime OTT Top 16.2 Million Combined Subs
ViacomCBS — which is planning to rebrand CBS All Access into a “super service” on par with HBO Max, Peacock and Disney+ — Aug. 6 reported its SVOD services CBS All Access and Showtime OTT reached 16.2 million combined subscribers through the second quarter ended June 30. That’s up 74% from 9.3 million subs during … Continue reading “CBS All Access and Showtime OTT Top 16.2 Million Combined Subs”
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Paramount Home Entertainment Ups Q2 Revenue 30%
Home entertainment again proved to be an unspoken silver lining for a major studio under siege by a non-existent box office due to the ongoing coronavirus pandemic. Paramount Home Entertainment on Aug. 6 reported $201 million in second-quarter (ended June 30) revenue, which was up nearly 30% from revenue of $161 million during the second … Continue reading “Paramount Home Entertainment Ups Q2 Revenue 30%”
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Roku Saw Record Q2 Digital Movie, TV VOD Transactions; CFO Steven Louden to Continue
With more and more households streaming video, over-the-top device/platform pioneer Roku is reaping the benefit, helping consumers adopt Internet-delivered content, including movies and TV shows. San Jose, Calif.-based Roku Aug. 5 announced it was the No. 1 connected device based on hours streamed for Disney+ in the week following the movie release of Hamilton, according … Continue reading “Roku Saw Record Q2 Digital Movie, TV VOD Transactions; CFO Steven Louden to Continue”
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Disney Home Entertainment Revenue Drops in Q3
Walt Disney Studios Aug. 4 reported third-quarter (ended June 27) home entertainment revenue of $416 million, which included $395 million from studio content and $21 million from direct-to-consumer. That compared with revenue of $456 million in the previous-year period. Through nine months of the fiscal year, however, home entertainment revenue topped $1.4 billion, up nearly … Continue reading “Disney Home Entertainment Revenue Drops in Q3”
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Disney+ Tops 60 Million Subs Through Aug. 3; Bowing ‘Mulan’ Via PVOD on Streaming Platform Sept. 4
Facing a stagnant theatrical market due to the coronavirus pandemic, Disney is going all-in to accelerate content distribution to consumers in the home. Following a letdown in third-quarter (ended June 27) new subscription video-on-demand subscribers, Disney CEO Bob Chapek Aug. 4 was quick to announce that branded SVOD service Disney+ topped 60 million paid subscribers … Continue reading “Disney+ Tops 60 Million Subs Through Aug. 3; Bowing ‘Mulan’ Via PVOD on Streaming Platform Sept. 4”
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Disney SVOD Services Total 100 Million Paid Subs
Disney’s aggressive marketing of a branded direct-to-consumer (DTC) video package featuring Disney+, ESPN+ and Hulu has resulted to a subscriber base topping 100 million, CEO Bob Chapek Aug. 4 disclosed on the media giant’s third-quarter (ended June 27) earnings report. Subscribe HERE to the FREE Media Play News Daily Newsletter! Disney ended the period with … Continue reading “Disney SVOD Services Total 100 Million Paid Subs”
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Cinemark CEO No Fan of Shortened Theatrical Window
Following AMC Theatres’ landmark decision to allow Universal Pictures to distribute movies into consumer homes just 17 days after their theatrical debut, rival chain Cinemark is questioning the move indirectly. Headquartered in Plano, Texas, Cinemark operates 554 theaters and 6,132 screens in the U.S. and Latin America. Speaking on the Aug. 4 fiscal call, CEO … Continue reading “Cinemark CEO No Fan of Shortened Theatrical Window”