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Vizio Swings to $2.3 Million Q2 Profit
Consumer electronics manufacturer Vizio Holding Corp. Aug. 10 reported net income of $2.3 million on revenue of $408.9 million for the second quarter, ended June 30. That compared to a net loss of $14 million on revenue of $401.1 million during the previous-year period. The Irvine, Calif.-based company’s foray as facilitator of third-party streaming video … Continue reading “Vizio Swings to $2.3 Million Q2 Profit”
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Disney Content Sales/Licensing Posts Q3 Loss, Despite 26% Revenue Gain
The Walt Disney Co. on Aug. 10 said revenue in its “content sales/licensing and other” business segment increased 26% in the third quarter (ended July 2) to $2.1 billion from $1.66 billion in the previous-year period. The segment, which includes home entertainment, saw operating income of $132 million in the previous-year period reverse to a … Continue reading “Disney Content Sales/Licensing Posts Q3 Loss, Despite 26% Revenue Gain”
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Vizio Swings to $2.3 Million Q2 Profit
Consumer electronics manufacturer Vizio Holding Corp. Aug. 10 reported net income of $2.3 million on revenue of $408.9 million for the second quarter, ended June 30. That compared to a net loss of $14 million on revenue of $401.1 million during the previous-year period. The Irvine, Calif.-based company’s foray as facilitator of third-party streaming video … Continue reading “Vizio Swings to $2.3 Million Q2 Profit”
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Disney Content Sales/Licensing Posts Q3 Loss, Despite 26% Revenue Gain
The Walt Disney Co. on Aug. 10 said revenue in its “content sales/licensing and other” business segment increased 26% in the third quarter (ended July 2) to $2.1 billion from $1.66 billion in the previous-year period. The segment, which includes home entertainment, saw operating income of $132 million in the previous-year period reverse to a … Continue reading “Disney Content Sales/Licensing Posts Q3 Loss, Despite 26% Revenue Gain”
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Disney+ Tops 152.1 Million Q3 Subs; Ad-Supported Tier Launching Dec. 8 Along with Platform Price Hikes
The Walt Disney Co. on Aug. 10 announced that its branded Disney+ subscription streaming service ended the third quarter (ended July 2) with 152.1 million subscribers worldwide. That represents a 31% increase from 116 million subs at the end of the previous-year period. The platform added 14.4 million subs since the end of Q2 on … Continue reading “Disney+ Tops 152.1 Million Q3 Subs; Ad-Supported Tier Launching Dec. 8 Along with Platform Price Hikes”
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DEG: Home Entertainment Spending Rose 11.3% in First Half
Consumers spent $17.9 billion on movies and TV shows consumed at home and on the go in the first six months of 2022, according to data from DEG: The Digital Entertainment Group. For the first half, spending rose 11.3% from the $16.1 billion consumers spent in the first six months of 2021. Second quarter year-over-year … Continue reading “DEG: Home Entertainment Spending Rose 11.3% in First Half”
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Samba TV: ‘Lightyear’ Disney+ Debut Fails to Match ‘Encanto’ Bow
New data from Samba TV found that 1.7 million U.S. Disney+ subscriber households watched Lightyear during its Aug. 3-7 debut. That was about one million fewer households than the Disney animated musical Encanto scored during its debut week of streaming, which began on Dec. 23, 2021. Samba, which says it tracks an addressable footprint of … Continue reading “Samba TV: ‘Lightyear’ Disney+ Debut Fails to Match ‘Encanto’ Bow”
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‘Fantastic Beasts: The Secrets of Dumbledore’ Claims Third Week at No. 1 on U.K. Home Entertainment Sales Chart
Warner Bros. Pictures’ Fantastic Beasts: The Secrets of Dumbledore claimed a third non-consecutive week at No. 1 on the Official Film Chart, the U.K.’s weekly home entertainment sales chart. Thanks to strong sales on DVD, Blu-ray Disc and 4K UHD Blu-ray, the third instalment in the Fantastic Beasts movie franchise held off this week’s highest … Continue reading “‘Fantastic Beasts: The Secrets of Dumbledore’ Claims Third Week at No. 1 on U.K. Home Entertainment Sales Chart”
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Fox Nation Ups SVOD Subs 80% in FY 2022, Tubi Eyes 45% Ad Revenue Growth
Spurred in part by the brand’s strength across cable television, the Fox Nation subscription streaming video service saw an 80% increase in paid subscribers for the fiscal year ended June 30, based in part on strong conversion rates from free trial subscribers. Parent Fox Corporation has not disclosed Nation subscriber numbers since launching the politically … Continue reading “Fox Nation Ups SVOD Subs 80% in FY 2022, Tubi Eyes 45% Ad Revenue Growth”
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‘Lost City’ Tops Redbox Charts
Paramount’s The Lost City remained No. 1 on the Redbox disc rental chart and took over the top spot on the Redbox On Demand chart the week ended Aug. 7. The romantic adventure comedy stars Sandra Bullock as a novelist who is kidnapped by an eccentric billionaire (Daniel Radcliffe) who wants her help finding an … Continue reading “‘Lost City’ Tops Redbox Charts”
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Redbox Shareholders Approve Chicken Soup for the Soul Merger, Stock Falls 23% in Pre-Market Trading
Redbox Entertainment shareholders have overwhelmingly approved the company’s sale to streaming video distributor Chicken Soup for the Soul Entertainment. The digital media home entertainment distributor said that on the Aug. 9 special meeting of shareholders, nearly 97% of stakeholders representing almost 88% of outstanding shares of Redbox common stock present (or via proxy) at the … Continue reading “Redbox Shareholders Approve Chicken Soup for the Soul Merger, Stock Falls 23% in Pre-Market Trading”
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Hulu’s ‘Prey,’ ‘Only Murders in the Building’ Top Weekly Whip Media Streaming Charts
It was a big week for Hulu. The service’s “Only Murders in the Building” topped the Whip Media chart of streaming originals and its “Predator” franchise film Prey led the chart of streaming movies among U.S. consumers for the week ended Aug. 7. “Only Murders in the Building,” season two of which began streaming in weekly … Continue reading “Hulu’s ‘Prey,’ ‘Only Murders in the Building’ Top Weekly Whip Media Streaming Charts”
