Music
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Sony to Operate Home Entertainment Under Territorial Management Structure
Sony Pictures Television has revamped internal operations to combine networks, distribution and home entertainment into single business units operating under separate territorial management and reporting to Keith Le Goy, president of worldwide TV distribution at Sony Pictures Entertainment. Le Goy is also president of Sony Pictures Home Entertainment, a position he assumed in February, when … Continue reading “Sony to Operate Home Entertainment Under Territorial Management Structure”
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Iger: Disney Has Smoother Path Than Comcast Closing Fox Acquisition
NEWS ANALYSIS — When it comes to mega corporate mergers, regulatory muster is just as important as money. Speaking (along with CFO Christine McCarthy) June 20 on the analysts call to discuss Disney’s enhanced $71.3 billion offer for 20th Century Fox Film, CEO Bob Iger said he believes his company has more insight with federal … Continue reading “Iger: Disney Has Smoother Path Than Comcast Closing Fox Acquisition”
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Trans World Entertainment Ups Q1 Loss
Trans World Entertainment Corp. May 29 reported a first-quarter (ended May 5) loss of $8.1 million, which was 56% higher than the $5.2 million loss reported in the previous-year period. Revenue dropped nearly 5% to $96.6 million. The company cited much of the loss on continued challenges in its f.y.e. (For Your Entertainment) mall-based home … Continue reading “Trans World Entertainment Ups Q1 Loss”
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Apple Q2 Services Revenue Increases 31%
Apple May 2 reported second-quarter (ended March 31) “services” revenue of $9.1 billion, which was up 31% from revenue of $7 billion during the previous-year period. Services includes revenue from digital content and services (i.e. iTunes Store selling/renting movies, TV shows, audiobooks and music); Apple Music subscription service, AppleCare (warranty), Apple Pay, App Store, licensing … Continue reading “Apple Q2 Services Revenue Increases 31%”
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Amazon Raising Annual Prime Fee to $119
With over 100 million members worldwide, in addition to global aspirations delivering movies, TV shows, music, books and merchandise to consumers, Amazon April 26 announced it is raising the annual Prime fee by $20 to $119. CFO Brian Olsavsky, on the fiscal call, said the price hike reflected the increasing services available “for free” to … Continue reading “Amazon Raising Annual Prime Fee to $119”
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House Passes Updated Music Copyright Bill
The House of Representatives April 25 approved the Music Modernization Act (H.R. 5447), legislation intended to update music copyright laws and remuneration to artists and creators in the digital age. The bill, which was introduced to the House on April 10 House Judiciary Committee chairman Bob Goodlatte (R-Va.) and Ranking Member Jerrold Nadler (D-N.Y.), would … Continue reading “House Passes Updated Music Copyright Bill”
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Theaters Partnering for Online Content, Live Event Service
A consortium of independent theatrical venues and the National Association of Theater Owners trade group are partnering for an online platform offering alternative content and live streaming events. Dubbed “MyCinema.live,” the broadband platform is officially launching at Cinemacon 2018 through April 26 in Las Vegas. Theaters and Cinema Buying Group-NATO are working with digital TV … Continue reading “Theaters Partnering for Online Content, Live Event Service”
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‘American Idol’ Going Live Nationwide
Ratings-challenged “American Idol” announced it would for the first time air live simulcasts nationwide of the remaining three weeks of season 16 of the music performance reality show. Previous telecasts have been tape-delayed for Westcoast audiences. The series, which began airing for the first time in March on ABC after its original run (through 2016) … Continue reading “‘American Idol’ Going Live Nationwide”
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Amazon Tops 100 Million Prime Members Globally
Amazon April 18 announced for the first time (in a shareholder letter) it has exceeded 100 million Prime members globally since launching the $99 annual membership loyalty platform with free two-day shipping 13 years ago. Prime membership includes free access to Prime Video, Prime Photo, Twitch Prime (video games), Prime Now deliveries and Prime Music, … Continue reading “Amazon Tops 100 Million Prime Members Globally”
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Comcast Returns ‘Watchathon’ Binge-Viewing Week
Comcast Cable April 11 announced it is bringing back the “Xfinity Watchathon Week” April 16-22, affording subscribers non-stop, on-demand access to thousands of hours of content – including over-the-top. Launched six years ago as a TV Everywhere antidote to Netflix and OTT video, Comcast for the first time is offering Watchathon to Xfinity Internet-only subscribers … Continue reading “Comcast Returns ‘Watchathon’ Binge-Viewing Week”
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Hulu, Spotify Offer Joint Subscription Plan
As expected, Hulu and music streaming service Spotify have partnered to offer a combined $12.99 monthly plan — $4.99 less than subscribing to each service separately. The two over-the-top platforms had earlier offered a combined $4.99 plan to college students. The move comes as Hulu attempts to bridge a significant subscriber gap with Netflix and … Continue reading “Hulu, Spotify Offer Joint Subscription Plan”
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WEB EXCLUSIVE: Russ Solomon Interview
Editor’s Note: In a Web exclusive, we are reprinting an interview with late Tower Records and Video founder Russ Solomon, who died earlier this month. The interview appeared in the November 1990 issue of Video Store Magazine, under the headline, “A Towering Presence: Last month, Russ Solomon celebrated Tower’s 30th anniversary and made the Forbes 400 … Continue reading “WEB EXCLUSIVE: Russ Solomon Interview”
