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AT&T’s top line was stung by its investment in HBO Max in the fourth quarter of 2019 to the tune of $1.2 billion in “foregone licensing revenues.” The telco also continued to see rapid deterioration in its pay-TV business, losing a total of nearly 1.2 million subscribers in Q4. WarnerMedia — comprising Turner, HBO and […]
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Amazon Studios’ official move into Italy last week with a robust slate of both scripted and unscripted shows is shaking up the local industry and may give the country a welcome boost in terms of raising its profile on the global production map, where Italian TV output for global viewing lags behind nearby territories. The […]
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Casino operator Penn National Gaming will take a minority stake in Barstool Sports, the upstart sports site with a flair for the rambunctious, the latest example of how companies that produce content about sports are maneuvering in an era when interactive gaming and betting are seen as growing lines of business. Under terms of the […]
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Nordic Entertainment Group (NENT Group), one of Scandinavia’s largest media groups, is set to pull out of non-scripted content, and focus on scripted drama and film production and distribution. The company is looking to bring a minority equity partner on board to bolster its scripted drama production business. As part of the reorg, NENT Group […]
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Netflix is going the impact campaign route as it expands its profile in the U.K. and looks to assure local players of its commitment to the domestic ecosystem. Why spend marketing dollars on impact? Partially because impact drives are a sure-fire way to raise profile. But for Netflix, this level of campaigning is particularly important […]
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Apple reported record-setting sales of nearly $92 billion for the three months that ended 2019 — but Apple TV Plus, the flashy new subscription-video service it bowed last fall, wasn’t part of the tech giant’s growth story. Apple TV Plus revenue “was immaterial to our results” for the period, CFO Luca Maestri told analysts on […]
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Apple turned in stellar results for the 2019 holiday quarter — its biggest ever in terms of revenue and earnings — including strong growth in its services business and a return to growth in iPhone revenue, which climbed 8%. Revenue hit an all-time quarterly high of $91.82 billion, up 9% versus the year-ago period, for […]
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