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reportwire · 2 years
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Streaming video no longer impresses investors: What's next?
Streaming video no longer impresses investors: What’s next?
Temuera Morrison stars as Boba Fett in “The Mandalorian.” Source: Disney For the past two years, media and entertainment companies have been dead-set on showing Wall Street that they have a strong streaming video strategy to counter traditional pay-TV decilnes. The thesis was follows: Taking more of a consumer’s cash directly, rather than collecting negotiated fees from a wholesale pay-TV model,…
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hummingzone · 3 years
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European markets slide after Fed talks tapering
European markets slide after Fed talks tapering
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images LONDON — European markets were lower on Thursday morning as investors…
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news-hst-pakistan · 3 years
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Here are the next media mergers that make the most sense
Here are the next media mergers that make the most sense
In this photo illustration the HBO Max and Discovery Communications logo seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images NBCUniversal and Lionsgate Buying Lionsgate would help Comcast’s NBCUniversal on two different fronts. First, it would add more content to Peacock, NBCUniversal’s subscription video service. Lionsgate owns shows including “Mad Men,” “Orange is the…
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freenewstoday · 3 years
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New Post has been published on https://freenews.today/2021/04/20/netflix-reports-dramatic-slowdown-in-subscribers/
Netflix reports dramatic slowdown in subscribers
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(L-R) Reed Hastings and Ted Sarandos attend the “Marseille” Netflix TV Serie World Premiere At Palais Du Pharo In Marseille, on May 4, 2016 in Marseille, France.
Stephane Cardinale | Corbis | Getty Images
Netflix shares fell as much as 11% in after-hours trading after reporting a large miss in subscriber numbers in its first-quarter earnings report. The company also said it only expects to add about 1 million subscribers in the current quarter.
Here are the key numbers:
Earnings per share (EPS): $3.75, vs $2.97 expected, according to Refinitiv survey of analysts
Revenue: $7.16 billion, vs $7.13 billion expected, according to Refinitiv
Global paid net subscriber additions: 3.98 million vs 6.2 million expected, according to Factset
“We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays,” Netflix said in its letter to shareholders.
Netflix has continued to hold itself against a bevy of competitors including Disney‘s Disney+ and Hulu, AT&T‘s HBO Max, Apple TV+, Amazon Prime and Comcast NBCUniversal’s Peacock. The company said in its report that it doesn’t believe competition played a factor in the weak subscriber numbers.
“We don’t believe competitive intensity materially changed in the quarter or was a material factor in the variance as the over-forecast was across all of our regions,” according to the report.
Netflix also anticipates its content to pick back up later in the year, following production delays caused by the Covid-19 pandemic.
“As we’ve noted previously, the production delays from Covid-19 in 2020 will lead to a 2021 slate that is more heavily second half weighted with a large number of returning franchises,” the company said.
The company said that production is back up and running in nearly all of its major markets. If that continues, Netflix said it expects to spend more than $17 billion in cash on content this year.
The company’s revenue grew 24% year over year and was in line with its beginning of quarter forecast, Netflix said. It also delivered a strong beat on earnings compared to Street estimates.
Netflix also approved a buyback program to repurchase up to $5 billion in common stock, beginning in 2021 with no fixed expiration date. That’s expected to begin the quarter, the company said.
This story is developing. Please check back for updates.
Disclosure: NBCUniversal is the parent company of CNBC.
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enewsedition · 3 years
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'Silence of the Lambs' turns 30: How the horror masterpiece is still gripping Hollywood
‘Silence of the Lambs’ turns 30: How the horror masterpiece is still gripping Hollywood
Jodie Foster and Anthony Hopkins star in “Silence of the Lambs.” Orion Pictures “Believe me, you do not want Hannibal Lecter inside your head,” veteran FBI Agent Jack Crawford warns trainee Clarice Starling, and viewers, at the start of Jonathan Demme’s Academy Award-winning film “Silence of the Lambs.” Thirty years later, the charming, yet monstrous, villain remains fresh in the minds of modern…
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trumpbites · 3 years
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Now that Trump's gone, media companies will have to figure out how news fits into streaming future - CNBC
Now that Trump’s gone, media companies will have to figure out how news fits into streaming future – CNBC
At AT&T, WarnerMedia’s HBO Max doesn’t include CNN. Comcast-owned NBCUniversal’s Peacock includes a bespoke online service, NBC News Now, and other broadcast news, but it doesn’t include live cable programming from MSNBC or CNBC. Only ViacomCBS’s soon-to-launch Paramount+ includes all of CBS’s local and national news content on a live basis. “News won’t go away. Local news will exist. Cable news…
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freenewstoday · 3 years
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New Post has been published on https://freenews.today/2021/03/18/nfl-finalizes-new-11-year-media-rights-deal-amazon-gets-exclusive-thursday-night-rights/
NFL finalizes new 11-year media rights deal, Amazon gets exclusive Thursday Night rights
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The National Football League has finalized its new 11-year media rights agreement with a pact that will run through 2033 and could be worth over $100 billion.
The league announced Thursday it’s renewing TV rights with all of its existing broadcast partners and adding Amazon Prime Video as an exclusive partner for its Thursday Night Football package. It’s the first time a streaming service will carry a full package of games exclusively. Amazon is paying about $1 billion per year, according to people familiar with the matter. All the packages are for 11 years, the league said.
ViacomCBS, Fox and Comcast (which owns NBCUniversal) are all paying more than $2 billion per year for their packages, while Disney (which owns ESPN and ABC) will pay around $2.7 billion annually, according to people familiar with the matter.  Using these numbers, the NFL’s new agreement projects to be more than $100 billion — the richest U.S. sports league media deal.
The NFL has not responded to a request for comment to confirm the total amount of the agreements. ViacomCBS is paying $2.1 billion for its package and NBCUniversal is paying about $2 billion, the lowest of any of the partners, but the highest increase over its previous deal, the people said. NBCUniversal paid $1.1 billion for its previous package, including playoff games.
Fox is also projected to pay over $2 billion in its new contact, but will save $660 million as it relinquishes the Thursday Night Football package. Morgan Stanley estimates that contact will be averaging $400 million in annual losses in 2023 when Fox’s agreement expires.
Disney is paying more and receiving more NFL content, including rights to exclusively air an international game each year, beginning in 2022, one of the people said.  In this pact, the ESPN network keeps the Monday Night Football package and also has rights to air two Super Bowls on its ABC network. Disney can stream all NFL games that air on ABC and ESPN on ESPN+, the league said. 
Disney will now carry 23 games instead of 17 in its previous deal. ABC will air three Monday Night Football games, which will not be double-headers with ESPN because the timing of the games will overlap, one of the people said. ABC will also carry two Saturday games the last week of the NFL season, which could turn into a new Week 18 if the NFL moves forward with adding a week. Disney will also receive a new divisional round playoff game, said the person.
“These new media deals will provide our fans even greater access to the games they love,” said NFL Commissioner Roger Goodell in a statement. “We’re proud to grow our partnerships with the most innovative media companies in the market. Along with our recently completed labor agreement with the NFLPA, these distribution agreements bring an unprecedented era of stability to the league and will permit us to continue to grow and improve our game.”
The league’s National Football Conference (NFC) games will remain with Fox, and CBS Sports will continue to host American Football Conference (AFC) games and stream those contests on its Paramount+ service. NBCUniversal will keep the Sunday Night Football package and use its Peacock service to stream games.
The NFL’s Super Bowl rotation is as follows:
CBS: 2023, 2027, 2031
FOX: 2024, 2028, 2032
NBC: 2025, 2029, 2033
ESPN/ABC: 2026, 2030
The NFL’s Covid-19 Super Bowl in February attracted 96.4 million viewers watching the Tampa Bay Buccaneers beat the Kansas City Chiefs, 31-9. The game was the lowest watched Super Bowl since 2007 when the Indianapolis Colts played the Chicago Bears. That game attracted 93.1 million viewers, according to Octagon’s media division data provided to CNBC.
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