All articles tagged with #entertainment and media
The Mandalorian and Grogu are projected for a strong Memorial Day debut, aiming for about $80 million domestic and around $160 million worldwide; North American pre-sales are near $25 million, while early reviews sit around 60% on Rotten Tomatoes.
A Muppet Labs sign from MuppetVision 3D was reused in The Muppet Show revival special with Sabrina Carpenter, which aired on ABC and Disney+. The prop, 'Muppet Lab Techs Only,' appears in the Muppet Labs skit and was once outside the MuppetVision 3D theater. Muppets Courtyard closed last year and is being redeveloped into a Monsters, Inc.-themed land. The special celebrates The Muppet Show’s 50th anniversary and has earned strong Rotten Tomatoes scores, fueling talk of a broader revival.
Paramount Global's future is uncertain as industry giants and investors, including Warner Bros. Discovery CEO David Zaslav, Skydance Media's David Ellison, and billionaire Warren Buffett, show interest in acquiring the storied studio. With Paramount's valuation dropping from $30 billion to below $10 billion, and the company facing challenges in the streaming market, a potential sale orchestrated by controlling shareholder Shari Redstone could reshape the media landscape. Paramount's strategic moves, such as cutting dividends and investing in streaming, have attracted attention from various moguls and investors, each with their own vision for the company's future.
Hollywood's final earnings season of 2023 showed signs of progress towards streaming profitability, with most companies reporting reduced losses compared to 2022. Wells Fargo analyst Steven Cahall suggested it might be a fundamental moment for media investment. Only Warner Bros. Discovery reported a streaming profit for the first nine months of 2023. Disney cut its losses and grew Disney+ subscribers, while Comcast's Peacock and Paramount Global also saw improvements. However, analysts remain cautious, with MoffettNathanson declaring Netflix the winner of the streaming wars. Despite this, Ampere Analysis predicts that major studio streaming services will reach consistent profitability within the next 18 months, with Disney potentially leading the way by early 2024.