ICYMI: EnTech Insights Presentations | |
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This presentation explored the impact of content hubs, flexible tiered subscriptions, and the rising demand for transparent costs. Discover how content providers are leveraging Super Bundling to achieve better reach, increased acquisition and retention to remain competitive in the ever-changing media and entertainment landscape.
Click here to register for free early access to the full report.
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The inflationary environment is driving pricing and product mix shifts, consumer trade-off decisions and a challenging retail environment. This session explored the risks and opportunities for streaming amidst consumer’s shifting $3.2T retail spending.
For more information, please email John.Buffone@circana.com.
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This presentation examined key trends that will shape the global media & entertainment industry in 2024, analyzing the characteristics of each of the trends and their impacts on the market. The stakes are high as profitability looms on the horizon for D2C streaming services and as sports, AI and bundling continue to adapt the online streaming experience.
For more information, please email Sarah.Henschel@omdia.com.
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Amazon Prime Video Ad Tier Sparks Class Action Lawsuit From Subscribers
The Hollywood Reporter
The lawsuit takes aim at the ecommerce giant turning on ads for Prime Video users and charging them an additional fee for its ad-free tier. A proposed class action lawsuit, filed Friday in California federal court, claims breach of contract and violations of state consumer protection laws on behalf of users who saw the terms of their subscriptions with Amazon change when it pivoted to making its ad tier the default for its over 100 million subscribers. Read more
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Walmart in Talks to Buy TV Maker Vizio
Wall Street Journal ($)
The retail giant is in talks to buy smart television-manufacturer Vizio for more than $2 billion, according to people familiar with the situation. The move would give Walmart more places where it can sell ads and pitch shoppers on goods. Walmart, including its Sam’s Club chain, has historically been Vizio’s largest customer. Vizio is historically the largest television brand sold at Walmart by sales. Read more
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Sony Pictures Entertainment Third-Quarter Profits Jump 57% To $281M
Deadline
Sony Group Corporation attributed the year-on-year increase for the Pictures segment to a jump in television and digital streaming licensing revenues as well as home entertainment sales, mainly due to the contribution of theatrical releases in 2023 (that would include the Oscar-nominated Spider-Man: Across the Spider-Verse which grossed $691 million theatrically worldwide and hit home ent in late summer). Also making for higher numbers was an increase in revenues for Crunchyroll. Read more
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Iger’s ‘Spulu’ Starter Marriage
Puck ($)
During the past week, this three-headed “skinny bundle” monster—nicknamed “Spulu” for its Hulu-like similarities —has come up in virtually every conversation I’ve had. But the most vexing question isn’t even about who knew what and when, or what it’s going to cost. Instead, it’s simpler: who is this for? This unnamed service may be ostensibly geared towards the never-cord consumer or the post-cord consumer or the cable-frustrated consumer, but it’s really an R&D lab for its proprietors, especially Iger. Read more
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The first two weeks of February proved to be fruitful for Amazon MGM Studios, as the newly merged mega studio captured nearly 30% of the viewing market share amongst the Top 10 available digital movies, mostly attributable to an impressive streaming debut for David Ayer's latest action thriller The Beekeeper.
These OTT insights are based on Cinelytic's exclusive P2P based data which tracks 100 million global content transactions (VOD & SVOD) daily in real-time. Reach out at contact@cinelytic.com to learn more.
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Paramount Global Lays Off About 800 Employees, A Day After Announcing Record Super Bowl Ratings
Paramount Global is laying off hundreds of employees, just one day after the company announced CBS had record Super Bowl viewership, Chief Executive Officer Bob Bakish said Tuesday in an internal memo to employees. Paramount will lay off about 800 people, or an estimated 3% of its workforce, according to a person familiar with the matter. Paramount Global ended 2022 with about 24,500 full-time and part-time employees. CNBC ($)
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With Its Nascent Ad Business Making Strides, Netflix Schedules Its First In-Person Upfront Event In New York
A bit more than a year into selling advertising, Netflix is setting plans for its debut in the upfronts, the annual springtime showcase in New York for ad buyers and sellers. The streaming giant will hold what it is calling a “first-look presentation,” hosted by senior executives, on the afternoon of May 15. On the following day, a set of activations dubbed “The Netflix Experience” will be open to advertisers at New York’s Pier59 Studios. Deadline
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Hello, Ava. Cineverse Launching AI Tool To Help Viewers Find Programs
Cineverse said it plans to launch cineSearch, a new tool that uses artificial intelligence to help viewers answer the question “What do you want to watch?” The new tool–which comes with an artificial intelligence-based video advisor known as Ava, will find programming across all streaming platforms, not just the Cineverse. Next TV
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Ranking the Most-Bang-for-Your Buck Streaming Services for 2024
Four IndieWire staffers debate our top three streamers, acknowledging that each of us has different viewing preferences and lifestyles (try asking Tony Maglio’s kids to give up Disney+, we dare you). But with a bustling streaming climate, rising prices, and wide-ranging titles, these are the kind of tough discussion we need to be having with ourselves and our loved ones (or, you know, coworkers). IndieWire
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LISTEN TO THIS
Love is in the air, and...rom coms are back? On this episode of Cinema Spending: A Movie Business Podcast, host David Thompson discusses Anyone But You's box office success and the genre's future in theaters. Listen on Spotify | Listen on Apple Podcasts
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