Financial
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Comedy ‘Little’ Graduating to Digital June 25, Disc July 9 From Universal
The “body swap” comedy Little will arrive on digital (including Movies Anywhere) June 25 and Blu-Ray, DVD and on demand July 9 from Universal Pictures Home Entertainment. Regina Hall (Girls Trip, “Black Monday”) and Marsai Martin (“Black-ish”) star as Jordan Sanders — Hall as the take-no-prisoners tech mogul adult version of Jordan and Martin as … Continue reading “Comedy ‘Little’ Graduating to Digital June 25, Disc July 9 From Universal”
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Disney’s ‘Cinderella’ Waltzes to Digital June 18, Disc June 25 for Its 70th
For its upcoming 70th anniversary, Cinderella will waltz into the Walt Disney Signature Collection on digital HD (including Movies Anywhere) June 18 and Blu-ray and DVD June 25. Recently added to the National Film Registry, the animated classic centers on kind and hardworking Cinderella, who is ordered around by her cruel stepmother and her awful stepsisters. When … Continue reading “Disney’s ‘Cinderella’ Waltzes to Digital June 18, Disc June 25 for Its 70th”
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Dish Consolidates Satellite TV Holdings
Dish Network May 20 announced it is combining certain EchoStar operations and other assets that comprise the company’s satellite business, including nine direct broadcast satellites and the certain key employees responsible for operations. The 22.9 million stock transaction, which includes select real estate properties, will be distributed to EchoStar shareholders. Dish in 2017 acquired select EchoStar assets to better deliver … Continue reading “Dish Consolidates Satellite TV Holdings”
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Lionsgate Gets Boost from ‘John Wick 3’; Reported CBS Interest in Starz
NEWS ANALYSIS — Lionsgate had a good weekend as it prepares to report fourth-quarter (ended March 31) fiscal results on May 23. Shares rose nearly 15% May 17 after a media report surfaced that CBS two months ago offered Lionsgate $5 billion for Starz, the premium pay-TV platform that includes a branded subscription streaming video … Continue reading “Lionsgate Gets Boost from ‘John Wick 3’; Reported CBS Interest in Starz”
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More Layoffs This Week as Disney Integration of Fox Continues
A second round of layoffs is reportedly rocking the Walt Disney Co. this week as the studio continues to integrate the 20th Century Fox film organization it officially acquired March 20. The layoffs, initially reported by Variety and then by the Los Angeles Times, are expected to hit hardest in the former Fox motion picture … Continue reading “More Layoffs This Week as Disney Integration of Fox Continues”
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Roku Selling 1 Million Shares for $80+ Million
Streaming media pioneer Roku May 16 announced it is offering 1 million shares of common stock through Morgan Stanley. The offering is expected to generate more than $80 million in funds the Los Gatos, Calif.-based company said it would use for working capital and general corporate purposes. Founder/CEO Anthony Wood May 15 appeared on CNBC’s … Continue reading “Roku Selling 1 Million Shares for $80+ Million”
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Report: Pay-TV Providers Lost 1.3 Million Subs in Q1
It was a bad quarter for the pay-TV business. New data from Leichtman Research Group found that the largest pay-TV providers in the U.S. — representing about 95% of the market — lost more than 1.3 million video subscribers in the first quarter (ended March 31) — up 426% from a net loss of 305,000 … Continue reading “Report: Pay-TV Providers Lost 1.3 Million Subs in Q1”
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Disney Acquiring Full Stake in Hulu
As expected, Disney is acquiring Comcast’s stake in Hulu and Hulu with Live TV, a transaction that becomes effective in five years. As part of the deal, Disney assumes full voting control of Hulu immediately. Comcast has the option to sell its 33% stake in Hulu for $27.5 billion or what the SVOD platform is … Continue reading “Disney Acquiring Full Stake in Hulu”
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Trans World Entertainment Seeks Reverse Stock Split to Avoid Delisting
Fiscally-challenged Trans World Entertainment Corp., parent to home entertainment retail chain f.y.e. (For Your Entertainment) and e-commerce facilitator Etailz.com, is seeking shareholder approval for a reverse-stock split at the upcoming June 27 annual meeting. In a filing, TWEC said it is looking to authorize a 1-for-20 shares reverse split to bring its stock in compliance … Continue reading “Trans World Entertainment Seeks Reverse Stock Split to Avoid Delisting”
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Streaming Red: Disney’s OTT Venture Down a Fiscal Black Hole
NEWS ANALYSIS — Disney bought Marvel Studios in 2009 for $4 billion. It bought Lucasfilm (“Star Wars”) for another $4 billion three years later. The acquisitions helped Disney reign supreme at the box office in 2018, 2017 and 2016, according to data from BoxOfficeMojo. And it has a commanding lead in 2019 thanks to Avengers: … Continue reading “Streaming Red: Disney’s OTT Venture Down a Fiscal Black Hole”
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TiVo Splitting into Two Companies
Time-shifting video pioneer TiVo is separating its product and IP licensing businesses into two separate companies. TiVo’s said its board concluded the separating would be the best strategy to maximize shareholder value. The company intends to spin out its DVR-based hardware business to shareholders. Throughout the separation process, the board would seek “strategic” transactions for … Continue reading “TiVo Splitting into Two Companies”
