Financial
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Best Buy CEO Under Scrutiny for Alleged Personal Conduct Issue
Best Buy’s board of directors has opened an investigation regarding CEO Corie Barry having a previous personal relationship with a senior executive, who has since left the company and is now CFO of 24 Hour Fitness. Barry, a former CFO of the consumer electronics retail giant, was named CEO last year after former chief executive … Continue reading “Best Buy CEO Under Scrutiny for Alleged Personal Conduct Issue”
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Sling TV Granted Technology & Engineering Emmy Award
The National Academy of Television Arts and Sciences Jan. 15 awarded Sling TV a Technology & Engineering Emmy Award for its work developing and launching the nation’s first live over-the-top television service. A pioneer in adaptive bit rate streaming, Dish Network launched Sling TV on Feb. 9, 2015 as the first streaming service to deliver … Continue reading “Sling TV Granted Technology & Engineering Emmy Award”
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Analyst: Expect Netflix Q4 Sub Growth Miss
In recent months, Netflix critics have focused on the streaming giant’s stagnate domestic subscriber growth as evidence of cracks in the Wall Street darling’s veneer. Longtime Netflix bear Michael Pachter, with Wedbush Securities in Los Angeles, suggests the service is going to miss meeting fourth-quarter (ended Dec. 31, 2019) domestic subscriber growth projections of around … Continue reading “Analyst: Expect Netflix Q4 Sub Growth Miss”
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NPD: December Video Game Sales Fell 15%
As expected, sluggish video game sales declined for the fifth straight month, falling 15% to $2.98 billion from $3.5 billion in the previous-year period, according to new data from The NPD Group. Hardware sales fell 17%, to $973 million from $1.17 billion. Software dropped 13% $1.14 billion from $1.31 billion. Accessories and game cards dropped … Continue reading “NPD: December Video Game Sales Fell 15%”
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Analysts: Netflix Spending $17 Billion on Content in 2020
Go big or go home. That appears to be the motto at Netflix when it comes to original content spending. New data from BMO Capital Markets contends the SVOD behemoth will spend about $17 billion on original content this year, up $2 billion from 2019. Netflix ended the third-quarter (Sept. 30, 2019) with more than … Continue reading “Analysts: Netflix Spending $17 Billion on Content in 2020”
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Quibi Getting in the WWE Ring
Pending short-form mobile video streaming service Quibi has signed a production deal with World Wrestling Entertainment (WWE) for original series, “Fight Like a Girl,” featuring performers Sasha Banks, Brie Bella, Nikki Bella, Alexa Bliss, Sonya Deville, Charlotte Flair, Nia Jax, Becky Lynch and Natalya. In each episode, Stephanie McMahon, chief brand officer of WWE, pairs … Continue reading “Quibi Getting in the WWE Ring”
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HBO Max Won’t Carry Cinemax, Boomerang, DC Universe Programming
When WarnerMedia launches HBO Max in May, the $14.99 subscription streaming video platform won’t include programming from Cinemax or SVOD services Boomerang and DC Universe. At the same time, the former Time Warner company plans to keep operating HBO Now and HBO Go concurrently with Max, according to Kevin Reilly, chief content officer, HBO Max … Continue reading “HBO Max Won’t Carry Cinemax, Boomerang, DC Universe Programming”
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NBC Universal Holding Peacock Investor Event Jan. 16
Comcast subsidiary NBC Universal is set to unveil on Jan. 16 further details about its branded Peacock subscription streaming video service in a special investor event at 30 Rockefeller Plaza in New York City. Longtime Comcast executive Matthew Strauss and other senior executives are expected to shed additional light on the service the media company … Continue reading “NBC Universal Holding Peacock Investor Event Jan. 16”
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Universal, Warner Bros. To Merge Domestic Disc Business
After a year of two gigantic mergers, Hollywood is welcoming the new year with further consolidation — this time, in the home entertainment sector. Universal Pictures and Warner Bros. on Jan. 15 announced plans to merge their physical distribution businesses. On the domestic front, the two studios are establishing a joint venture to market and … Continue reading “Universal, Warner Bros. To Merge Domestic Disc Business”
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Amazon Prime Video’s NFL Deal Ends; League Coy on Successor
Amazon Prime Video has streamed NFL Thursday Night Football for the past two seasons. Whether that groundbreaking deal is renewed remains up in the air, according to media reports. Prime Video, unlike Netflix or Hulu, has embraced live sports recently signing exclusive rights to English Premier League soccer. The New York Yankees reportedly are in … Continue reading “Amazon Prime Video’s NFL Deal Ends; League Coy on Successor”
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Platforms Avoid Netflix Movies in Pre-Oscar Showcases
Netflix earned an impressive 24 Oscar nominations ahead of the 92nd Academy Awards on Feb. 9 — largely around two movies: Martin Scorsese’s The Irishman and Noah Baumbach’s Marriage Story. Walmart-owned Vudu.com and exhibitors Cinemark, AMC Theatres and Regal Cinema have launched pre-Oscar events showcasing best picture nominated films — with the exception of Netflix’s … Continue reading “Platforms Avoid Netflix Movies in Pre-Oscar Showcases”