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Marcus CEO Urges Apple To Recall “Lines Around The Block” For IPhones As He Touts Theatrical Window
Greg Marcus said first-quarter sales for Marcus Theatres surged from a year ago; that the film slate, while improving, is still not back to where it was pre-Covid; and that while studios have committed to theatrical windows, big streamers have not despite — in his view — overwhelming arguments for cinematic…
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AMC Networks Chief Matt Blank Finds It “Funny” That Netflix And Large Rivals Think Advertising “Solves All Problems” In Streaming
Matt Blank, interim CEO of AMC Networks, said the company has “no plans” for ad-supported tiers of its family of targeted streaming services including Shudder, Acorn TV and AMC+.
"If the business changes,” he said during the company’s quarterly conference call with Wall Street analysts, “we believe we do have the…
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By Dade Hayes
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Paramount Shares Wobble On Q1 Results; Wall Street Hasn’t Fully Embraced Its Streaming Story
UPDATED with closing stock price. Paramount Global shares dipped 1% on a day of modest gains for the broader stock market after the company reported a mixed bag of first-quarter results.
The stock initially fell as much as 7% to near a 52-week low in the opening minutes of the session. Like most other shares in media…
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By Dade Hayes
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Paramount+ Adds Strong 6.8 Million Subs In Q1, But Higher Streaming Costs Squeezes Profits At Parent
Paramount+ added 6.8 million subscribers last quarter, as Paramount ended the period with 62 million global streaming subs, Paramount Global CEO Bob Bakish said Tuesday as the company reported Q1 2022 results.
Bakish said reporting the three months “once again demonstrated the power and potential of Paramount's unique…
Imax Creates Internal ‘Avatar’ Task Force To Capitalize On Dec. Release; Takes $7M Provision For “Uncertainty” In Russia
Big-screen pioneer Imax said Thursday that it recorded a net non-cash provision of $6.9 million, or $0.12 per share, due to an increase in reserves given the uncertainty of collecting receivables in Russia. With the Russia-Ukraine war ongoing, sanctions and boycotts underway include all major studios pulling releases…
Roku CEO Anthony Wood Sees Costs And Engineering Talent Protecting Company Against New Rivals Like Comcast-Charter Venture: “Streaming Is All We Do” – Update
UPDATED with exec comments. Asked about an emerging rival in streaming, a newly formed joint venture between Comcast and Charter built on the existing Flex system, Roku founder and CEO Anthony Wood said engineering talent and costs would continue to protect the company’s dominant market share.
“We’ve been competing…
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By Dade Hayes
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Apple CEO Tim Cook Says Tech Giant “Honored To Be Stewards” Of ‘CODA’, Hails Apple TV+ Awards Haul After Strong Q2 Earnings Report – Update
UPDATED with exec comments. Apple CEO Tim Cook said the company was “honored to be the stewards” of Best Picture Oscar winner CODA, adding that the trophy is one of 240 won by Apple TV+ in its two-and-a-half years of existence.
CODA was an acquisition out of the Sundance Film Festival, at a record acquisition price of…
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By Dade Hayes
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Amazon Touts Close Of MGM Deal; Stock Dips On $3.8 Billion Q1 Loss, Soft Q2 Forecast
Amazon saw revenue nose up 7% to $116 billion but swung to a net loss of $3.8 billion in the first quarter.
The red ink includes a $7.6 billion hit from Amazon’s investment in electric carmaker Rivian Automotive – it would have turned a profit otherwise. But investors concerned on a few fronts dinged the stock, which…
NBCUniversal Boss Jeff Shell Says Netflix “Noise” Helps “Validate” Peacock’s Path; Streaming Outlet Adds 4M Paid Subscribers In Q1
After witnessing the carnage on Wall Street after Netflix reported stalling subscriber levels, raising stark questions about the business of streaming, Comcast kept talk of NBCUniversal’s Peacock somewhat limited during its first-quarter earnings call Thursday.
In contrast with the previous quarter, which was…
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By Dade Hayes
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As MuskWatch Continues, Twitter Posts Solid Q1 Results, Hitting 229M Users
As it awaits the finalization of Elon Musk’s acquisition, Twitter reached 229 million users as of the end of the first quarter, with revenue and earnings per share both exceeding Wall Street estimates.
Revenue rose 16% from the year-ago period to $1.2 billion. Advertising made up $1.1 billion of that. Earnings per…
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By Dade Hayes
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Comcast Delivers Strong Q1 Results, With Super Bowl LVI And Beijing Olympics Helping It Over Wall Street’s Bar
Comcast began 2022 on a strong note, reporting first-quarter results ahead of Wall Street expectations on Thursday with highlights including ad revenue from Super Bowl LVI and the Beijing Olympics.
Total revenue climbed 14% from the year-earlier period to $31.01 billion, while earnings per share came in at 86 cents…
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By Dade Hayes
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Mattel Posts Stellar Q1 Results Amid Talk Of Private Equity Deal; Stock Jumps 11%
Mattel handily exceeded Wall Street forecasts for the first quarter, reporting a 19% rise in total revenue to $1.041 billion and adjusted earnings per share of 6 cents.
Even before the results cleared the wire after the close of the trading day, Mattel stock was surging on reports of preliminary discussions with two…
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By Dade Hayes
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