News
"Virgin River"
Nielsen: Netflix’s ‘Virgin River’ Season 7 Topped Weekly Household TV Streaming Through March 22
The Netflix original series “Virgin River” claimed the top spot on Nielsen’s weekly household TV streaming charts with 1.59 billion minutes across 74 episodes through March 22. The newest episodes accounted for the bulk of the viewing (72%) with women 35-plus remaining the series’ core audience (61% of watch time). Netflix’s “Tyler Perry’s Beauty in … Continue reading “Nielsen: Netflix’s ‘Virgin River’ Season 7 Topped Weekly Household TV Streaming Through March 22”
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Reed Hastings’ Legacy: Streaming Pioneer, Industry, Corporate Culture Disruptor
News that Netflix co-founder Reed Hastings is leaving his executive chair position at the June shareholder meeting to spend more time on philanthropy and other interests, marks the end of an era. Hastings (along with former Netflix executive Anthony Wood, who went on to create Roku) invented the subscription streaming VOD business. Michael Pachter, media … Continue reading “Reed Hastings’ Legacy: Streaming Pioneer, Industry, Corporate Culture Disruptor”
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Canada’s Blue Ant Media Expands Q2 Revenue, Posts Loss
Blue Ant Media Corp., an international streamer, production studio and rights business based in Canada, posted revenue of $70 million (Canadian) in the fiscal second quarter ended Feb. 28 versus $38.4 million in the prior year period. The company posted a fiscal Q2 net loss of $6.2 million versus $5 million in the prior year … Continue reading “Canada’s Blue Ant Media Expands Q2 Revenue, Posts Loss”
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Ted Sarandos Says Failed Warner Bros. Discovery Merger Hardened Netflix’s M&A Muscles
Netflix co-CEO Ted Sarandos says walking away from the streamer’s $82.7 billion bid for Warner Bros. Discovery’s studio and streaming assets helped toughen the company’s merger and acquisition muscles, including sidelining emotion and ego from the equation. Speaking on the April 16 fiscal quarter webcast — the first since Netflix’s February exit from the WBD … Continue reading “Ted Sarandos Says Failed Warner Bros. Discovery Merger Hardened Netflix’s M&A Muscles”
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Netflix Ups Q1 Profit 82%, Revenue 16%; Co-Founder Reed Hastings Exiting Company
Netflix reported another strong fiscal quarter, upping net income 82% to almost $5.3 billion on revenue of $12.25 billion in the first quarter (ended March 30), which is up 16% from $10.5 billion in the previous-year period. The company’s operating margin exceeded 32%. Wall Street (and Netflix) had projected quarterly revenue ranging from $12.17 billion, … Continue reading “Netflix Ups Q1 Profit 82%, Revenue 16%; Co-Founder Reed Hastings Exiting Company”
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Nielsen: Netflix’s ‘Virgin River’ Season 7 Topped Weekly Household TV Streaming Through March 22
The Netflix original series “Virgin River” claimed the top spot on Nielsen’s weekly household TV streaming charts with 1.59 billion minutes across 74 episodes through March 22. The newest episodes accounted for the bulk of the viewing (72%) with women 35-plus remaining the series’ core audience (61% of watch time). Netflix’s “Tyler Perry’s Beauty in … Continue reading “Nielsen: Netflix’s ‘Virgin River’ Season 7 Topped Weekly Household TV Streaming Through March 22”
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Reed Hastings’ Legacy: Streaming Pioneer, Industry, Corporate Culture Disruptor
News that Netflix co-founder Reed Hastings is leaving his executive chair position at the June shareholder meeting to spend more time on philanthropy and other interests, marks the end of an era. Hastings (along with former Netflix executive Anthony Wood, who went on to create Roku) invented the subscription streaming VOD business. Michael Pachter, media … Continue reading “Reed Hastings’ Legacy: Streaming Pioneer, Industry, Corporate Culture Disruptor”
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Canada’s Blue Ant Media Expands Q2 Revenue, Posts Loss
Blue Ant Media Corp., an international streamer, production studio and rights business based in Canada, posted revenue of $70 million (Canadian) in the fiscal second quarter ended Feb. 28 versus $38.4 million in the prior year period. The company posted a fiscal Q2 net loss of $6.2 million versus $5 million in the prior year … Continue reading “Canada’s Blue Ant Media Expands Q2 Revenue, Posts Loss”
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Ted Sarandos Says Failed Warner Bros. Discovery Merger Hardened Netflix’s M&A Muscles
Netflix co-CEO Ted Sarandos says walking away from the streamer’s $82.7 billion bid for Warner Bros. Discovery’s studio and streaming assets helped toughen the company’s merger and acquisition muscles, including sidelining emotion and ego from the equation. Speaking on the April 16 fiscal quarter webcast — the first since Netflix’s February exit from the WBD … Continue reading “Ted Sarandos Says Failed Warner Bros. Discovery Merger Hardened Netflix’s M&A Muscles”
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Netflix Ups Q1 Profit 82%, Revenue 16%; Co-Founder Reed Hastings Exiting Company
Netflix reported another strong fiscal quarter, upping net income 82% to almost $5.3 billion on revenue of $12.25 billion in the first quarter (ended March 30), which is up 16% from $10.5 billion in the previous-year period. The company’s operating margin exceeded 32%. Wall Street (and Netflix) had projected quarterly revenue ranging from $12.17 billion, … Continue reading “Netflix Ups Q1 Profit 82%, Revenue 16%; Co-Founder Reed Hastings Exiting Company”
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Paramount Boss Promises 45-Day Theatrical, 90-Day TVOD Before Streaming Windows
Paramount CEO David Ellison is pledging 45-day windows for the company’s theatrical releases, in addition to a subsequent 90-day transactional VOD window before streaming movies on Paramount+. Ellison, who is trying to nail down industry support for Paramount’s $110.9 billion equity acquisition of Warner Bros. Discovery, made the promises while attending the CinemaCon confab in … Continue reading “Paramount Boss Promises 45-Day Theatrical, 90-Day TVOD Before Streaming Windows”
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HBO’s ‘Euphoria’ Season 3 Premiere Episode Generates 8.5 Million Views in 72 Hours, Up 44% From Season 2 Debut
The debut episode of season three of teen drama “Euphoria” saw 8.5 million viewers across HBO and HBO Max in first 72 hours after its April 12 release, according to new data from Warner Bros. Discovery and Nielsen. Starring household names such as Zendaya, Sydney Sweeney and Jacob Elordi, among others, the first episode outperformed … Continue reading “HBO’s ‘Euphoria’ Season 3 Premiere Episode Generates 8.5 Million Views in 72 Hours, Up 44% From Season 2 Debut”
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This Week’s MPN Video Podcast: Why Live Sports Streaming Still Breaks — And How to Fix It
As live sports rapidly shift to streaming, one of the biggest questions facing the industry is simple: Can the networks actually handle it? In this Next TMT Talks Media Play News episode, David Bloom and Daniel Frankel sit down with Sig Luft, CEO of NetSkrt, to discuss the biggest technical and business challenges facing live … Continue reading “This Week’s MPN Video Podcast: Why Live Sports Streaming Still Breaks — And How to Fix It”
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AMC Entertainment CEO Adam Aron Welcomes Paramount/WBD Merger, Citing Increased Theatrical Output
AMC Entertainment, the world’s largest theater operator in the world, is coming out on the record in favor of Paramount’s pending $110.9 billion equity merger with Warner Bros. Discovery, according to CEO Adam Aron. That’s two days after the head of a cinema trade group criticized the pending merger for creating too much leverage in … Continue reading “AMC Entertainment CEO Adam Aron Welcomes Paramount/WBD Merger, Citing Increased Theatrical Output”
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Roku Tops 100 Million Global Households
Roku, the co-initiator of the subscription streaming VOD market with Netflix, April 16 announced it now reaches more than 100 million streaming households worldwide This achievement reflects the broader shift in viewing habits, as streaming becomes the primary way people watch TV. Households around the globe watch TV using a Roku streaming player, a first-party … Continue reading “Roku Tops 100 Million Global Households”
