Financial
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Longtime 20th Century Fox Home Entertainment Chief Mike Dunn Exits, Ventures Into Startup World
Mike Dunn, for years the top home entertainment executive at 20th Century Fox, is among a handful of high-ranking studio executives to exit March 21 in the wake of Walt Disney Co.’s acquisition of the celebrated film studio, which was completed March 20. Insiders told Media Play News that Dunn’s departure was not unexpected and … Continue reading “Longtime 20th Century Fox Home Entertainment Chief Mike Dunn Exits, Ventures Into Startup World”
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MPAA: Global Home Entertainment Market Up 16% in 2018
It’s an over-the-top video world and it’s got the revenue to prove it. Global home entertainment consumer spending increased by 16% in 2018 to reach $55.7 billion from $48 billion in 2017, according to new data from the Motion Picture Association of America. The growth was driven by digital home entertainment, with U.S. digital spending … Continue reading “MPAA: Global Home Entertainment Market Up 16% in 2018”
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Longtime 20th Century Fox Home Entertainment Chief Mike Dunn Exits, Ventures Into Startup World
Mike Dunn, for years the top home entertainment executive at 20th Century Fox, is among a handful of high-ranking studio executives to exit March 21 in the wake of Walt Disney Co.’s acquisition of the celebrated film studio, which was completed March 20. Insiders told Media Play News that Dunn’s departure was not unexpected and … Continue reading “Longtime 20th Century Fox Home Entertainment Chief Mike Dunn Exits, Ventures Into Startup World”
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MPAA: Global Home Entertainment Market Up 16% in 2018
It’s an over-the-top video world and it’s got the revenue to prove it. Global home entertainment consumer spending increased by 16% in 2018 to reach $55.7 billion from $48 billion in 2017, according to new data from the Motion Picture Association of America. The growth was driven by digital home entertainment, with U.S. digital spending … Continue reading “MPAA: Global Home Entertainment Market Up 16% in 2018”
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Disney’s Iger Cites ‘Historic Day’ Closing Fox Acquisition
Following the official completion of the Walt Disney Co.’s $71.3 billion acquisition of 20th Century Fox Film Corp. and related businesses at 12:02 a.m. ET March 20, Disney CEO Bob Iger sent out an internal memo to combined staff calling the deal “a historic day for our company.” The histrionics of the merger are just … Continue reading “Disney’s Iger Cites ‘Historic Day’ Closing Fox Acquisition”
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Disney’s $71B Fox Acquisition Effective After Midnight
The Walt Disney Co. announced that its $71.3 billion purchase of 20th Century Fox Film Corp. officially goes into effect at 12:02 a.m. ET on March 20. The deal includes 20th Century Fox, 20th Century Fox Home Entertainment, Fox Searchlight Pictures, Fox 2000 Pictures, Fox Family and Fox Animation; Fox’s television creative units, 20th Century … Continue reading “Disney’s $71B Fox Acquisition Effective After Midnight”
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Cinedigm Acquiring AVOD Platform ‘Future Today’ for $60 Million
Cinedigm March 15 announced it has entered into a definitive agreement to acquire Future Today, one of the largest ad-supported VOD networks, for $45 million in cash and $15 million in Cinedigm common stock. The acquisition increases Cinedigm’s over-the-top video footprint to over 7.6 million monthly active users and 67 million total app installs. The … Continue reading “Cinedigm Acquiring AVOD Platform ‘Future Today’ for $60 Million”
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TiVo Inks Software Deal with Anime Provider Funimation
TiVo March 14 announced it is licensing software to Funimation, the anime content provider and a subsidiary of Sony Pictures Television. The software includes TiVo branded content search and recommendation technology. The software will enable Funimation to test, manage and fine-tune search and recommendation performance in real-time to help improve the user experience and generate … Continue reading “TiVo Inks Software Deal with Anime Provider Funimation”
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Khalid Itum Departs MoviePass; CTO and Human Resources Executives Transition to Consultants
MoviePass March 13 disclosed that Khalid Itum, hired last December to oversee daily operations at the fiscally-challenged movie theater subscription service, is leaving the company. “Itum will be leaving MoviePass to pursue his entrepreneurial and travel pursuits,” a spokesperson told Business Insider in a statement. The departure comes as chief technology officer Joey Adarkway and Jake … Continue reading “Khalid Itum Departs MoviePass; CTO and Human Resources Executives Transition to Consultants”
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MoviePass Lost More Money Than Originally Reported
In another blow to fiscally-challenged theatrical ticket subscription service MoviePass, parent Helios and Matheson Analytics March 12 issued a revised financial statement revealing the service lost millions more than originally reported. HMNY said its revised third-quarter (ended Sept. 30, 2018) net loss topped $146.6 million — nearly 7% more than a net loss of $137 … Continue reading “MoviePass Lost More Money Than Originally Reported”
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Disney to Close 20th Century Fox Acquisition on March 20
The Walt Disney Co. March 12 said it expects to close its $71.3 billion acquisition of 20th Century Fox Film Corp. and related businesses on March 20. In a filing, Disney said 21st Century Fox shareholders have until March 14 to decide how they wish to receive their share/cash-based compensation. Disney said it would calculate … Continue reading “Disney to Close 20th Century Fox Acquisition on March 20”
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Music Streaming Services Appealing Royalty Increase for Artists
Subscription streaming music services such as Spotify, Pandora, Amazon and Google are planning to appeal proposed royalty rate increases for artists finalized last month by the Copyright Royalty Board. It marks the first time music distributors have appealed compensation rates to artists. Apple Music, the world’s largest streaming service with nearly 50 million subscribers, is … Continue reading “Music Streaming Services Appealing Royalty Increase for Artists”