Tag Archives: streaming

Competition in the streaming space is increasingly getting fierce, with more providers vying for subscribers at a time when signs of saturation in the market are starting to emerge. With the streaming market expected to “significantly cool” over the next five years, according to PwC’s annual Global Entertainment & Media Outlook, streamers are being forced to adapt to a rapidly changing landscape. “As the streaming wars continue, we will end up with three or four winners,” Needham Analyst… Source link

The NFL announced its exclusive streaming service on Monday, two months after reports surfaced it would introduce one for the 2022 season. NFL+ is “building upon what the league developed with NFL Game Pass” and will be offered at basic and premium levels, the league said in its announcement It will offer live local and primetime games on mobile and tablet devices as well as live game audio from every game. NFL library programming is also available on-demand, amongst other perks. The starting… Source link

Netflix (NFLX) is set to report its fiscal second quarter earnings on Tuesday after market close as the company battles ongoing inflationary pressures, increased competition, and an uptick in subscriber churn. Here’s what Wall Street expects, according to Bloomberg consensus estimates: Revenue: $8.05 billion expected Adj. earnings per share (EPS): $2.99 expected Subscribers: Loss of 2 million users expected The streaming giant’s anticipated loss of 2 million paying users for the second quarter… Source link

The Google TV app, which aggregates content recommendations from numerous streaming services and lets you create a universal watchlist of your favorites, is now available on iOS. Google says that it’ll replace the previous Google Play Movies and TV app in the App Store, so if you’ve already got that installed, you should be able to update it to the Google TV experience sometime today. The software, already available on Android, also allows you to rate what you’ve previously viewed… Source link

Disney (DIS) reported second quarter financial results after the bell on Wednesday that missed on both the top and bottom lines, although net additions for its fledging streaming platform Disney+ came in at 7.9 million, well above estimates of 4.5 million. The surprise upswing caused shares to climb as much as 5% in after-hours trading; however, Disney quickly erased those gains during the company’s earnings call in which CFO Christine McCarthy warned on both a tough economic environment as… Source link

The demise of CNN+ has led to further questions about the role of cable companies in the streaming era. The soon-to-vanish platform, once hailed as one of the most significant launches in the legacy media business, will shut down on April 30 — just one month after its launch. The news arrived shortly after David Zaslav’s takeover, with the newly formed Warner Bros. Discovery (WBD) making it abundantly clear that the venture’s reported four-year budget of $1 billion was not worth the cost. So… Source link

All eyes are on AT&T’s (T) WarnerMedia spinoff with Discovery (DISCA). “This is going to be the most exciting story in the sector for the next few years,” Jessica Reif, research analyst at Bank of America, confidently told Yahoo Finance. The telecom giant revealed it will issue a special dividend to shareholders on April 5 when they can decide whether to own just AT&T, the soon-to-be Warner Bros. Discovery, or both. AT&T’s WarnerMedia will represent 71% of Warner Bros. Discover, and its… Source link

Direct-to-customer streaming is now a focus for Disney, and today it took another step in organizing that business by announcing a new CTO for the Disney Streaming business unit that includes Disney Plus, Hulu, ESPN Plus, and Star Plus. Jeremy Doig is a tech industry veteran with several decades of experience including stints with the BBC and Microsoft, and who has worked for Google for the last 18 years. Variety reports that Doig will take over for Joe Inzerillo, who helped build Disney… Source link

Super Bowl LVI is just two days away, but the big game will not only be about football. Music icons Dr. Dre, Snoop Dogg, Eminem, Mary J Blige, and Kendrick Lamar are all set to perform at this year’s halftime show — the third production from the NFL’s partnership with Jay-Z and Roc Nation. “The opportunity to perform at the Super Bowl Halftime show, and to do it in my own backyard, will be one of the biggest thrills of my career,” Dr. Dre said in a statement at the time of the reveal, adding… Source link

Disney (DIS) unveiled first quarter 2022 results that beat expectations after the bell on Wednesday. Shares jumped as much as 9% after the report. New membership additions for the company’s two-year-old Disney+ streaming service surpassed analysts’ expectations. The metric was in focus as a return to in-person activities had some concerned over future growth for the direct-to-consumer video service, which benefitted from the height of stay-at-home orders during the COVID-19 pandemic. Turnout… Source link