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Has the war between streaming and theatrical reached détente? After years defined by no quarter battling over releases, exclusive windows and global rights for the most in-demand independent films — battles fought most fiercely in Cannes — theatrical distributors and online platforms have put down their arms and started to work together. Martin Scorsese’s hotly-anticipated…
Global Streamers’ Original Content Spend Increase to Slow to 14 Percent in 2023 Amid “More Cautious Approach”: Analyst Global streamers’ original content spend will grow to $26.5 billion in 2023, up $3.3 billion, or 14 percent, from $23.2 billion last year, according to estimates from research firm Ampere Analysis. However, that is a marked slowdown from…
Is Crunchyroll the Right Specialty Streamer for the Moment? As the global streaming business underwent a surprise, secular reassessment last year, Sony’s anime service Crunchyroll found the whole industry suddenly contemplating the same strategies it had been prioritizing for years. Out was the gusher approach to content spending in pursuit of limitless subscriber growth. In…
Warner Bros. Discovery Renews HBO Content Deal With Japan’s U-Next Streaming Service Warner Bros. Discovery has renewed a content output deal with Japanese streamer U-Next. The Tokyo-based service has been the home of HBO programming in Japan since April 2021. The two partners said Tuesday that the relationship has been extended, although financial terms and…
Comcast’s NBCU and Sky Partner With MultiChoice on Showmax Streaming Service in Africa African pay TV giant MultiChoice Group and Comcast’s NBCUniversal and Sky on Thursday unveiled a partnership that “will bring some of the world’s best content and technology to streaming customers across MultiChoice’s 50-market footprint in sub-Saharan Africa at a time when Africa…
ITV Studios 2022 Revenue Jumps 19 Percent, ITV Ad Revenue Drops Slightly, First Quarter to Fall 11 Percent U.K. TV giant ITV reported a slight advertising revenue decline for 2022 on Thursday as a strong fourth quarter followed declines earlier in the year, but it said ad revenue for the current first quarter was trending down 11…
Dish’s Sling TV Launches FAST Service Freestream, Offering One-Click Upgrade to Premium Pay TV Dish’s Sling TV on Thursday launched a new free advertising-supported streaming television (FAST) service dubbed Sling Freestream. Kicking off with 210+ free channels and 41,000+ on-demand titles, it will also allow consumers to upgrade to premium pay TV with one click, with Dish touting that it…
Paramount+ Strikes First Major Mobile Distribution Deal in U.K. With Three Paramount+, the Paramount Global streaming service, has struck a distribution deal with mobile phone firm Three in the U.K. “Three U.K. becomes the streaming service’s first major mobile partner in the U.K. as Paramount+ continues to grow its direct-to-consumer distribution,” the company said. Financial…
Spotify Hits 205M Paying Subs, Grows Ad Revenue, But Loss Widens Amid Higher Expenses Audio streaming giant Spotify ended 2022 with better-than-expected user growth, but its latest quarterly loss widened amid investments in podcasting growth, among other factors. The company said on Tuesday that it ended the fourth quarter with 205 million premium, or paying, subscribers, up…
NBCUniversal CEO: “We Are Always Looking for Bolt-On Acquisitions” Will they or won’t they buy anything? And if so, what? With M&A speculation regularly swirling around the entertainment industry, including NBCUniversal owner Comcast, the cable giant’s executive team was quizzed on its appetite for acquisitions during the company’s earnings conference call on Thursday. Comcast and…