Studios rethink streaming strategy amid Wall Street profitability push

Studios rethink streaming strategy amid Wall Street profitability push

Bebe Wood, Renee Rapp and Avantika Vandanapu star as The Plastics in the 2024 adaptation of “Mean Girls.” Paramount Paramount is making a habit of greenlighting low- to mid-budget films for its streaming service, only to about-face and send them to theaters first. As the media company and its rivals try to claw their way … Read more

Six Flags’ future in a Disney, Universal dominated theme park world

Six Flags’ future in a Disney, Universal dominated theme park world

Guests ride a rollercoaster at Six Flags Magic Mountain theme park in Valencia, California, US, on Saturday, Nov. 4, 2023. Eric Thayer | Bloomberg | Getty Images The theme park business, like many others, is consolidating and changing along with consumer habits. In the wake of Covid-19, and as consumers more carefully choose where they’re … Read more

Why kids streaming content is vital to subscriber growth

Why kids streaming content is vital to subscriber growth

Tinky-Winky, Laa-Laa, Dipsy and Po pose for a photo as the Teletubbies celebrate their 25th anniversary with the Lighting of the Iconic Empire State Building on April 26, 2022 in New York City. John Lamparski | Getty Images Entertainment | Getty Images “Tinky Winky. Dipsy. Laa-Laa. Po!” Those four names, the iconic sing-song intro to … Read more

Comcast (CMCSA) earnings Q4 2023

Comcast (CMCSA) earnings Q4 2023

Omar Marques | Lightrocket | Getty Images Comcast topped both revenue and profit estimates in the fourth quarter as it lost fewer broadband subscribers than expected, and it raised its dividend 7%, the company said Thursday. Here’s how Comcast performed, compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv. Earnings per share: 84 … Read more

David Ellison’s Skydance Media explores buying Paramount Global

David Ellison’s Skydance Media explores buying Paramount Global

Shari Redstone, president of National Amusements and Vice Chairman, CBS and Viacom speaks at the WSJTECH live conference in Laguna Beach, California, U.S. October 21, 2019.  Mike Blake | Reuters David Ellison’s Skydance Media and its financial backers are exploring a deal to take private all of Paramount Global, people familiar with the matter told … Read more

‘Barbie,’ ‘Oppenheimer’ biggest best picture box office

‘Barbie,’ ‘Oppenheimer’ biggest best picture box office

Movie posters for “Barbie” and “Oppenheimer” are pictured outside the Cinemark Somerdale 16 and XD in Somerdale, New Jersey, in 2023. Hannah Beier | The Washington Post | Getty Images “Barbenheimer” strikes again. It’s no surprise that Warner Bros.’ “Barbie” and Universal’s “Oppenheimer” were among the 10 best-picture nominees announced Tuesday for this year’s Academy … Read more

Meta’s retreat from news accelerated in 2023, leaving media scrambling

Meta’s retreat from news accelerated in 2023, leaving media scrambling

Mark Zuckerberg, CEO of Facebook, testifies remotely as Sen. John Kennedy, R-La., watches during the Senate Judiciary Committee hearing “Breaking the News: Censorship, Suppression, and the 2020 Election,” in Washington, Nov. 17, 2020. Bill Clark | Reuters Mother Jones CEO Monika Bauerlein has had a front-row seat in recent years to watch Facebook upend the … Read more

5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day: 1. Record run The S&P 500 closed at a record high on Friday. Now Wall Street will find out if the good times can last. The Federal Reserve has so far managed to curb inflation without tipping the U.S. economy … Read more

What Wall Street wants to see from Hollywood in 2024

What Wall Street wants to see from Hollywood in 2024

Picture Alliance | Picture Alliance | Getty Images It’s the third act of the streaming wars. That’s the time a hero, seemingly beaten and broken, rises up and saves the day. But Wall Street is worried that hero may never come for Hollywood. Legacy media companies including Disney, Warner Bros. Discovery, Comcast and Paramount Global … Read more

What’s ahead for franchises, theaters

What’s ahead for franchises, theaters

Timothee Chalamet stars in Warner Bros.’ “Dune.” Warner Bros. Mean girls, Spider-Women and sandworms will headline the 2024 box office — and they’ll have to do some heavy lifting. The March 1 release of “Dune: Part Two,” the delayed and much-anticipated follow-up to Denis Villeneuve’s 2021 science fiction epic is expected to attract hordes of … Read more