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“#Amid mega-mergers and acquisitions, ViacomCBS may be in play” In the world of mergers and acquisitions, Wall Street bankers have an old saying: “Everyone talks to everyone.” The cliché describes those preliminary M&A powwows between CEOs that are so commonplace, you probably shouldn’t label them “deal discussions.” Except on those occasions when they deserve that…
“#Disney hikes price of ESPN+, Hulu bundle cost remains unchanged” Disney is increasing the price of ESPN+ by a dollar a month to $6.99 after inking a slew of new sports rights deals this year. Beginning Aug. 13, subscribers to the sports streaming service will pay $69.99 a year instead of $59.99 a year. Disney…
“#Streaming to be $94B business by 2025 as Hollywood rebounds” The coronavirus pandemic may have dealt a dizzying blow to Hollywood, but Tinseltown is expected to bounce back in just a few years, led by surging demand for streaming video. PriceWaterhouseCoopers in a new report has predicted that streaming video will generate a massive $94…
“#Apple quietly buys Roku remote button for struggling Apple TV+“ Apple TV+ is scrambling for new subscribers — and it’s quietly looking to an unlikely rival for help. Apple’s struggling streaming service, which it launched in November 2019, has bought a button on the Roku remote — a surprise tie-up with the popular streaming-stick maker that…
“#Roku, ViacomCBS shares rise on report that Comcast is eyeing deal” Comcast is looking for new ways to expand its streaming footprint — and Roku and ViacomCBS are possible acquisition targets, according to a report. Comcast chief executive Brian Roberts is “wrestling” with the idea to either “build or buy” to become a streaming giant,…
“#Amazon’s deal to buy MGM puts it back in streaming game” Amazon’s big $8.45 billion bet on Hollywood studio MGM comes at a crucial time for the e-commerce giant, which had been losing ground to streaming rivals Netflix, Disney+ and Warner Media’s HBO Max. While the deal isn’t enough to knock Netflix off its throne,…
“#WarnerMedia-Discovery merger raises streaming questions” WarnerMedia’s deal to merge with Discovery will create a single, formidable new streaming service to compete with Netflix and Disney+ — or then again, maybe it won’t. Either way, the deal is expected to lead to savings for people who subscribe to both HBO Max and Discovery+, experts say. Currently,…
“#Disney inks deal to stream ‘Spider-Man’ and other Sony movies” Disney has signed a massive pact with Sony to bring the ‘Spider-Man’ franchise and older movies like “Jumanji” to Disney’s streaming service and TV networks. The deal covers new Sony films that will hit theaters between 2022 and 2026, such as Marvel’s “Morbius,” an adaptation…
“#Netflix stock drops 10% as new subscribers fall short” Shares of Netflix were walloped on Tuesday after the company said it added 4 million net subscribers globally in the first three months of the year, falling short of Wall Street’s expectations of 6.2 million new subscribers. The streaming giant behind hit shows like “Bridgerton,” “Cobra…
“#ViacomCBS shares tumble after announcement of $3B stock sale” Shares of ViacomCBS tumbled over 15 percent Wednesday after the media giant announced pricing of its $3 billion stock sale. The company, which launched the Paramount Plus streaming service earlier this month, said it will use the stock sales to fund its “investment in streaming.” ViacomCBS, which…