#NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Widens to $978M in Fourth Quarter

#NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Widens to 8M in Fourth Quarter

#NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Widens to $978M in Fourth Quarter

Admin3 years ago011 mins

NBCUniversal’s Peacock Tops 20M Paid Subs, Streamer’s Loss Widens to $978M in Fourth Quarter Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, grew its revenue and subscribers in the fourth quarter, but its loss widened again compared with the year-ago period. Comcast’s earnings report for the final period of 2022 detailed quarterly financials for NBCUniversal, including higher…

#Verizon Loses 80,000 TV Subs in Fourth Quarter, Adds Broadband Users

Admin3 years ago05 mins

Verizon Loses 80,000 TV Subs in Fourth Quarter, Adds Broadband Users Verizon lost 80,000 net pay TV subscribers for its Fios consumer video service in the fourth quarter, compared with a loss of 69,000 in the year-ago period, the telecom giant said on Tuesday. It ended 2022 with 3.234 million Fios video subscribers in its…

#Netflix’s new advertising tier is a dud as it misses viewer targets: report

Admin3 years ago06 mins

“Netflix’s new advertising tier is a dud as it misses viewer targets: report” Netflix’s new advertising-supported tier is falling short of expectations, according to a new report. The streaming giant, which launched the cheaper $6.99 a month offering on Nov. 3, has allowed advertisers to take back money for ads that had not yet run,…

#Paramount+ Completes Major Europe Rollout With German Launch

Admin3 years ago09 mins

Paramount+ Completes Major Europe Rollout With German Launch Paramount Global launched its streaming service Paramount+ in German-speaking Europe on Thursday, completing a major rollout across western Europe that, following last week’s Paramount+ bow in France, means the studio-backed streamer is now available in 45 markets worldwide. Paramount is a relative late comer to the global…

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#Comcast Stock Gets Upgrade Even Though Analyst Is “Bearish on NBCU”

Admin4 years ago06 mins

Comcast Stock Gets Upgrade Even Though Analyst Is “Bearish on NBCU” Comcast has earned an upgrade from Wells Fargo analyst Steven Cahall, who raised his stock rating from “underweight” to “equal weight” on Monday despite a bearish outlook on the cable, media and tech giant’s entertainment unit NBCUniversal. He also raised his stock price target…

#AMC Networks to Undergo Layoffs As CEO Exits and Streaming Can’t Offset Linear TV Decline

Admin4 years ago010 mins

AMC Networks to Undergo Layoffs As CEO Exits and Streaming Can’t Offset Linear TV Decline Shortly after AMC Networks CEO Christina Spade abruptly stepped down after less than three months in the role, the company’s chairman, James Dolan, sent a memo to staff on Nov. 29 forecasting “large-scale layoff as well as cuts to every…

#Disney Stock Jumps as Wall Street Cheers Return of Bob Iger “Magic,” Predicts “Strategic Redirection”

Admin4 years ago015 mins

Disney Stock Jumps as Wall Street Cheers Return of Bob Iger “Magic,” Predicts “Strategic Redirection” Wall Street analysts and investors welcomed back Bob Iger as the CEO of the Walt Disney Co. after Sunday’s surprise news that the Hollywood conglomerate’s former head would return to replace Bob Chapek. And experts started discussing possible strategic changes…

#ITV Sets December Launch Date for Ad-Supported Streamer ITVX

Admin4 years ago04 mins

ITV Sets December Launch Date for Ad-Supported Streamer ITVX U.K. TV giant ITV will launch its new free, advertising-supported streaming service ITVX on Dec. 8, the company unveiled on Monday. It also detailed the debut dates for the streamer’s first original series. ITV, led by CEO Carolyn McCall, originally only promised to bring ITVX, which will replace…

#Netflix Unveils 5 New Turkish Originals

Admin4 years ago07 mins

Netflix Unveils 5 New Turkish Originals Netflix continues to expand its slate of Turkish originals, unveiling four new series and a new film project. “To date, we have produced more than 30 original series and films in Turkey, making room for new and diverse stories,” said Pelin Diştaş, director of original content (Turkey) at the streamer….

#Netflix lays off estimated 150 staffers in latest round of cuts

Admin4 years ago05 mins

“Netflix lays off estimated 150 staffers in latest round of cuts” Netflix is laying off roughly 150 employees weeks after the streaming giant posted its first loss in subscribers since 2011. The job cuts were outlined in an internal memo obtained by The Hollywood Reporter, which first reported the news. A Netflix spokesperson confirmed the…