For Disney, it was a less than stellar holiday weekend — and that’s putting it mildly. The fact that “Strange World” has bombed at the box office shows that monetizing content across channels is no sure bet. Disney’s latest film made its way into theaters...
Netflix is on the verge of taking its video game plans to a new stage, with reports that the streaming service’s games office in Los Angeles is seeking a director for a new AAA PC game. According to published reports Wednesday (Nov. 23), the company...
Disney will likely lay off employees as the entertainment goliath embarks on a cost-trimming project, part of a wave of job cuts hitting the media and tech industries. A memo from CEO Bob Chapek, provided to PYMNTS, said Disney will also restrict all but essential...
Disney+ has boosted its number of paid subscribers by 20% in the United States and Canada and by 57% internationally over the last year, The Walt Disney Company said Tuesday (Nov. 8) in a press release. That brought the company’s flagship streaming service’s total number...
As Netflix prepares to launch the ad-supported version of its services, Hollywood studios have begun negotiating with the company for more revenue for the right to stream their content. That’s according to a Wednesday (Nov. 2) report by the Financial Times, citing unnamed sources. One...
YouTube has debuted “Primetime Channels,” an online marketplace that will have the video-sharing platform compete with the likes of Amazon and Apple. According to an announcement Tuesday (Nov. 1), the service will let U.S. viewers subscribe to streaming services including Showtime, Paramount+ and AMC+ directly...
It has been a big week for subscription services, with major players touting subscriber growth and finding new ways for consumers to engage with their content. In audio streaming, music licensing costs are rising, but so are subscribers. On a call with analysts Thursday (Oc....
It may have taken 25 years and at least five distinct cycles of evolution to get here, but “Netflix 5.0” if you will, is setting up to be a profit-driven animal the likes of which the streaming media universe has never seen before. From its...
Netflix added 2.4 million subscribers in its most recent quarter as it surpassed its competitors in user engagement. In a letter to its shareholders Tuesday (Oct. 18), the company said its revenue, operating income and membership slightly exceeded its forecasts in the third quarter of...