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Lionsgate Flashes Library Card, Ritzy Movie Numbers In Posting Q4 Results Ahead Of Wall Street Expectations
Lionsgate’s release of John Wick: Chapter 4 and the continued strength of the company’s 18,000-title film and TV library helped the company post fiscal fourth-quarter results ahead of Wall Street expectations.
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Lionsgate Execs On WGA Strike, Starz Price Hike, Upcoming Separat…
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By Dade Hayes
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2 Comments Comment on Lionsgate Flashes Library Card, Ritzy Movie Numbers In Posting Q4 Results Ahead Of Wall Street Expectations
Disney+ Loses More Subscribers But Overall Streaming Losses Improve As Company Posts Solid Quarterly Report
The Walt Disney Co. reduced losses in its streaming business by 26% (about $200 million) in its fiscal second quarter as the company’s overall results matched Wall Street expectations.
The streaming story included some mixed indicators, however. Flagship service Disney+ had its second straight…
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By Dade Hayes
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Warner Bros Discovery’s Hour-Long Earnings Call Omits Any Mention Of WGA Strike, But CEO David Zaslav Tells CNBC He Believes “A Love For Working” Will End It
Warner Bros Discovery’s hour-long earnings call with Wall Street analysts Friday morning included nary a mention of the WGA strike, unlike many other such calls in recent days.
But the company’s CEO told CNBC’s Squawk Box in an appearance prior to the call what he believes will bring the impasse to…
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By Dade Hayes
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Story Arc:
Writers Guild Strike
June 4, 2023
Fubo’s Battered Stock Rockets After Q1 Earnings Beat, Improved Outlook
Fubo’s beleaguered stock, which has been in free fall since the end of 2021, shot up 35% in early trading Friday after the streaming TV provider reported strong results for the first quarter.
The company posted revenue of $324.4 million and a loss of 37 cents a share. Both exceeded Wall Street…
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By Dade Hayes
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Apple Quarterly Revenue Dips 3% In Tough Economic Climate, But Results Beat Wall Street Expectations
Apple struggled in a tough economic climate during the quarter ending March 31, but still managed to beat Wall Street expectations.
Total revenue in the company’s fiscal second quarter dipped 3% from the year-earlier period to $94.8 billion, while earnings per share were flat at $1.52.
The tech…
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By Dade Hayes
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Rupert Murdoch’s News Corp Reveals Plan To Lay Off 5% Of Workers After Quarterly Earnings Miss
Rupert Murdoch’s News Corp., home to media properties including the Wall Street Journal, Dow Jones and HarperCollins, announced as it released disappointing quarterly results that it is laying off 5% of its workforce.
The company reported revenue of $2.52 billion, a shade below Wall Street analysts…
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By Dade Hayes
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Disney Stock Gives Up Gains After Proxy Truce, But Wall Street Analysts Hail Bob Iger Reorg And Financial Progress
Disney shares slid into red numbers Thursday after jumping 5% earlier in the day on the news that activist investor Nelson Peltz has ended his proxy fight with the company.
The stock finished at $110.22 on more than triple its normal trading volume. Disney shares have nevertheless risen 24% in 2023…
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By Dade Hayes
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Disney CEO Bob Iger Says Company “Embarking On A Significant Transformation” As Parks Power Quarterly Financials, Streaming Losses Narrow
As Disney reported better-than-expected financials for the fiscal first quarter, CEO Bob Iger said the company is “embarking on a significant transformation” that will reshape the company he rejoined last November.
The media giant showed improvement across a range of financial categories during the…
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By Dade Hayes
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Fox Corp. Ad Revenue Climbs 4% In A Tough Quarter, Boosted By NFL And World Cup
Fox Corp. matched Wall Street expectations for its fiscal second quarter, powered by NFL football in the U.S. and football at the World Cup.
The company reported total revenue in the quarter ending December 31 of $4.61 billion, up 4% from the year-earlier period, and earnings of 48 cents a…
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By Dade Hayes
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WWE-Produced ‘Contra Las Cuerdas’ Earns International Ratings Success As Company Leans Into Scripted Programming
WWE Chief Content Officer Paul Levesque touched on the success of the company’s original programming during Thursday’s Q4 investors call, including the recently debuted local-language series Contra Las Cuerdas.
The Spanish-language series, which is executive produced by WWE Studios, debuted on…
NBCU’s Jeff Shell Says Ad Market May Have “Bottomed Out”
With advertising trends front and center for Wall Street and industry players in the current crop of media earnings, Comcast's NBC Universal was one of the first to weigh in.
NBCU CEO Jeff Shell said the market steadily worsened over the course of last year but "it kind of feels like it bottomed out…
Netflix Q4 Report To Kick Off Year Of Streaming Scrutiny As Hollywood And Wall Street Try To See If The Math Can Work
Netflix, after pulling itself out of a grueling series of setbacks in the first part of 2022, will face another test Thursday afternoon when it reports fourth quarter financial results.
In addition to kicking off quarterly earnings season for media and entertainment companies, the report will usher…
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By Dade Hayes
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