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Bloys Warns of TV Industry 'Catastrophe' as Paramount-WBD Merger Nears Close
business9 days ago

Bloys Warns of TV Industry 'Catastrophe' as Paramount-WBD Merger Nears Close

Casey Bloys, incoming head of the merged Paramount-Warner Bros. Discovery streaming division, warned of a 'catastrophe' in the TV industry due to the bursting of the content bubble. He hinted that HBO Max and Paramount+ will likely be bundled rather than fully merged, citing the successful HBO Max-Disney bundle as a model. The Paramount Skydance-Warner Bros. Discovery merger is set to close on October 6, following the departure of Paramount+ chief Cindy Holland. Bloys emphasized that new CEO David Ellison intends to preserve HBO's prestige brand, while also warning of a 'catastrophe' in the TV industry due to the bursting of the content bubble.

via Deadline|
#business#casey-bloys#david-ellison
Millie Bobby Brown: Netflix's Star System at a Crossroads
entertainment-media-industry3 months ago

Millie Bobby Brown: Netflix's Star System at a Crossroads

An in-depth look at Millie Bobby Brown as Netflix’s flagship homegrown star and whether the streamer is nurturing her growing career or pigeonholing her into familiar blockbuster molds. The piece argues Netflix has leaned on a traditional star-making approach—lifting Brown from Stranger Things to Enola Holmes while pairing her with high-profile projects that sometimes miss the mark—advocating for more tailoredOriginal material that plays to her evolving persona as she transitions into adulthood, rather than forcing her into pre-existing templates.

via A.V. Club|
#enola-holmes#entertainment-media-industry#millie-bobby-brown
Netflix touts $135B content spend and $325B economic impact over a decade
business5 months ago

Netflix touts $135B content spend and $325B economic impact over a decade

Netflix says it spent more than $135 billion on licensing and original film/TV over the past decade, claims to have contributed about $325 billion to the global economy and created more than 425,000 jobs, and notes its content-spend ratio has declined as revenue grows. It projects about $20 billion in annual content spend this year with revenue of roughly $50.7–$51.7 billion, and notes more than $46 billion in profit over the decade as it continues heavy investment in production globally.

via Sherwood News|
#business#content-spending#netflix
business1 year ago

YouTube TV Secures Long-Term Deal with NBCUniversal, Ending Blackout

YouTube TV and NBCUniversal resolved a carriage dispute, highlighting the shifting power dynamics in the TV industry as streaming services like YouTube TV grow rapidly and traditional cable providers lose subscribers. The deal includes direct content ingestion for Peacock on YouTube, signaling a new era of streaming negotiations and the decline of traditional linear TV.

via hollywoodreporter.com|
#business#carriage-deal#cord-cutting
Zaslav Predicts Trump Era to Boost Media Mergers
business1 year ago

Zaslav Predicts Trump Era to Boost Media Mergers

Warner Bros. Discovery CEO David Zaslav suggests that a Trump administration could create a more favorable environment for major media mergers, potentially accelerating consolidation in the entertainment industry. Zaslav highlighted the challenges of the current streaming landscape, where numerous apps and pricing models complicate the consumer experience. He noted that regulatory changes under Trump could ease the path for mega-mergers, as seen in past discussions involving Warner Bros. Discovery and other media companies.

via The Verge|
#business#david-zaslav#donald-trump
business1 year ago

Zaslav Sees Trump Era as Catalyst for Media Mergers

Warner Bros. Discovery CEO David Zaslav suggested that Donald Trump's potential re-election could accelerate media industry consolidation, offering opportunities for mergers and acquisitions. Zaslav emphasized the need for consolidation to improve consumer experience, as the current fragmented media landscape is unsustainable. His comments came during WBD's quarterly earnings call, highlighting the company's strategic stance amid industry changes and past regulatory challenges under Trump's administration.

via Deadline|
#business#david-zaslav#donald-trump
Investors Demand Results as Entertainment Giants Report Mixed Performance
business2 years ago

Investors Demand Results as Entertainment Giants Report Mixed Performance

As entertainment giants like Disney, Warner Bros. Discovery, Lions Gate Entertainment, and AMC Entertainment report their earnings results, investors are becoming more critical of companies that fail to meet expectations. The streaming industry is under pressure to increase profitability, leading to higher subscription prices and more advertisements. Cable TV providers and movie theaters are also grappling with the rise of streaming. Additionally, Hollywood is dealing with strikes by actors and writers, with issues such as AI usage and streaming payments at stake. The pressure to boost profits will impact the types of TV shows and films produced. Investors have been reacting negatively to earnings misses, with an average stock price drop of 5.2%.

via MarketWatch|
#amc-entertainment#business#disney
Jenna Ortega's Controversial Departure from Netflix's 'Wednesday' Role - Inside the Magic
entertainment3 years ago

Jenna Ortega's Controversial Departure from Netflix's 'Wednesday' Role - Inside the Magic

Actress Jenna Ortega has been "banned" from becoming Wednesday Addams in the popular Netflix series "Wednesday" due to guidelines set by the Screen Actors Guild and American Federation of Television and Radio Artists (SAG-AFTRA) during the ongoing strike. The guidelines prohibit actors from dressing up as characters from struck work and posting images on social media. SAG-AFTRA clarified that the guidelines were meant to help content creators and members avoid promoting struck work and do not apply to anyone's kids. The strike, which focuses on AI use, streaming, and residual payments, has caused uncertainty regarding the production of the show's second season.

via Inside the Magic|
#entertainment#halloween-costumes#jenna-ortega
Netflix Surpasses Q3 Expectations with Profit Growth and Anticipated Price Hikes
business3 years ago

Netflix Surpasses Q3 Expectations with Profit Growth and Anticipated Price Hikes

Netflix exceeded Wall Street expectations for Q3 earnings per share and subscriber growth, with a gain of 8.76 million subscribers. The company confirmed that a new round of price hikes is on the way. Netflix has been making progress with paid password sharing and advertising-backed subscriptions, with subscriptions to the ad plan rising 70% sequentially. Despite challenges from strikes in the industry, Netflix has generated over $5 billion in free cash flow in 2023 and expects to reach $6.5 billion for the full year. Content spending for the year is estimated to be around $13 billion.

via Deadline|
#business#netflix#price-hikes
Netflix's Final Farewell: Free Surprise Discs for DVD Subscribers
entertainment3 years ago

Netflix's Final Farewell: Free Surprise Discs for DVD Subscribers

Netflix is closing down its DVD-by-mail service and to commemorate the occasion, they are offering a special promotion where users can opt-in to receive up to 10 random DVDs from their movie queues. The promotion is available until August 29th for US users, with the final day of shipping being September 29th. It is unclear whether Netflix expects the DVDs back, but they will continue to accept returns until October 27th, 2023. This marks an important milestone for the streaming industry, as traditional broadcast and cable TV networks accounted for less than 50% of television viewership for the first time.

via Consequence|
#dvd-by-mail-service#entertainment#netflix
The Impact of Consumer Demand on Labor Unrest
labor-and-employment3 years ago

The Impact of Consumer Demand on Labor Unrest

Workers across various industries, including UPS delivery drivers and Hollywood actors and writers, are experiencing labor unrest due to the changing demands of customers for speed and convenience. The COVID-19 pandemic accelerated these changes, pushing retailers to shift online and intensifying competition in the streaming industry. Overworked and underpaid employees are pushing back against forced overtime, punishing schedules, and reliance on lower-paid, part-time, or contract workers. Hollywood screenwriters and actors are striking over reduced pay and the pressure to produce content faster. Streaming services have disrupted entertainment economics, resulting in lower residuals and inadequate compensation. Similar issues are faced by UPS drivers, who have dealt with forced overtime and unpredictable schedules. While the UPS strike was a success, labor protests in other industries face challenges in achieving similar outcomes. The pandemic has shifted the focus to the well-being of workers and may lead to increased labor unrest in the future.

via NBC News|
#compensation#labor-and-employment#labor-unrest
"Netflix's Game-Changing Solution to the Hollywood Strike Leaves Disney and Paramount in the Dust"
business3 years ago

"Netflix's Game-Changing Solution to the Hollywood Strike Leaves Disney and Paramount in the Dust"

Analysts speculate that Netflix, with its strong financial position and projected profit surge, may be able to force a settlement to the ongoing strikes by the Writers Guild of America and Screen Actors Guild-American Federation of Television and Radio Artists before its rivals. While other major streaming services struggle to make profits, Netflix's robust health and potential revenue growth from initiatives like cracking down on password sharing and introducing advertising suggest that it can afford the costs of settling the strikes. This could give Netflix a unique advantage in the industry and position it as a friend to the artists, potentially pressuring its rivals to reach a deal that only Netflix can easily afford.

via CNBC|
#business#hollywood#netflix
Disney to Cut Thousands of Jobs Across All Regions
business3 years ago

Disney to Cut Thousands of Jobs Across All Regions

Walt Disney Co. is reportedly set to lay off thousands of employees next week, including about 15% of the Disney staff in the entertainment division. The job cuts will affect every region where Disney operates, including TV and film divisions, theme parks, and corporate positions. This move comes as part of the company's cost-cutting measures to save $5.5 billion in annual costs, and follows the announcement of 7,000 job cuts in February.

via WION|
#business#cost-cutting-measures#entertainment-industry