More From Dade Hayes
Disney’s Bob Iger Reveals “Cordial” And “Constructive” Talks Have Started With Comcast About Buying Out Its Hulu Stake
Disney CEO Bob Iger has changed strategic course on Hulu, revealing that “cordial” and “constructive” discussions have started with Comcast about Disney acquiring its one-third stake in the streaming service.
“I mentioned on the first earnings call that I did [in February] when I came back that…
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3 Comments Comment on Disney’s Bob Iger Reveals “Cordial” And “Constructive” Talks Have Started With Comcast About Buying Out Its Hulu Stake
Disney+ And Hulu Programming To Be Combined Into One App By Year’s End, Bob Iger Says
Disney will roll out a single streaming app with programming from Hulu and Disney+ by the end of this year.
CEO Bob Iger announced the move during the company’s fiscal second quarter earnings call, describing it as a “logical progression of our DTC offerings.” Disney+, Hulu and ESPN+ will continue to…
Disney+ Loses More Subscribers But Overall Streaming Losses Improve As Company Posts Solid Quarterly Report
The Walt Disney Co. reduced losses in its streaming business by 26% (about $200 million) in its fiscal second quarter as the company’s overall results matched Wall Street expectations.
The streaming story included some mixed indicators, however. Flagship service Disney+ had its second straight…
Smart-TV Maker Vizio Posts Q1 Ad Growth And Beats Wall Street Forecasts, But Inflation And Economic Worries Send Total Revenue Down 27%
Smart-TV maker Vizio reported better-than-expected results for the first quarter but still saw total revenue slump 27% as consumers cut spending in a time of ongoing inflation and economic worries.
The company reported break-even results on the bottom line, which surpassed Wall Street analysts…
Perry Sook, CEO Of CW Parent Nexstar, Says Hollywood Has “Responded” To Network Overhaul; Sports Rights Talks “Steady” In Wake Of LIV Golf Deal
Nexstar CEO Perry Sook says the Hollywood community has “responded” to the company’s overhaul of The CW, and sports rights conversations have been “steady” since the company started airing LIV Golf this year.
“They’re talking to everybody in Hollywood,” Sook said of CW chief Dennis Miller and…
AMC Networks CEO Kristin Dolan Says Company Is “Well-Positioned” For WGA Strike, Has “No Real Concerns” About Labor Fight
Kristin Dolan, who took over earlier this year as CEO of AMC Networks, said the company is “very well positioned” to manage through the WGA strike.
Speaking on the company’s first-quarter earnings call, Dolan said AMC Networks is in good shape “through this year and into next year, so we have no real…
Story Arc:
Writers Guild Strike
May 10, 2023
May 10, 2023
May 10, 2023
After AMC Networks Posts Strong Q1 Numbers, Recently Installed CEO Kristin Dolan Says Her “Clear And Actionable Perspective” Will Help Get Company On Track
AMC Networks posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading.
The parent company of cable networks AMC and IFC and streaming services AcornTV and Shudder had earnings per share of $2.36, down a tick from the $2.38 reported in the year-ago…
Dish Network Says Press “Exaggerated” Severity Of February Cyberattack; Shares Climb Despite Q1 Earnings Miss As Company Notes Plan To Explore Strategic Options
Dish Network execs said the company has fully overcome last February’s cyberattack, describing press reports about the severity of the episode as “exaggerated.”
Addressing Wall Street analysts on the company’s first-quarter earnings call, CEO Erik Carlson said customer databases were not breached in…
San Diego TV Station Acquired By CW Parent Nexstar For $35M
Nexstar Media Group, which owns The CW and the largest group of local TV stations in the U.S., is adding an independent station in San Diego to its portfolio.
The company has agreed to pay $35 million to acquire KUSI-TV (Channel 51) from McKinnon Broadcasting Company. It will join Nexstar-owned Fox…
Warner Bros Discovery’s Hour-Long Earnings Call Omits Any Mention Of WGA Strike, But CEO David Zaslav Tells CNBC He Believes “A Love For Working” Will End It
Warner Bros Discovery’s hour-long earnings call with Wall Street analysts Friday morning included nary a mention of the WGA strike, unlike many other such calls in recent days.
But the company’s CEO told CNBC’s Squawk Box in an appearance prior to the call what he believes will bring the impasse to…
Story Arc:
Writers Guild Strike
May 10, 2023
May 10, 2023
May 10, 2023
Fubo’s Battered Stock Rockets After Q1 Earnings Beat, Improved Outlook
Fubo’s beleaguered stock, which has been in free fall since the end of 2021, shot up 35% in early trading Friday after the streaming TV provider reported strong results for the first quarter.
The company posted revenue of $324.4 million and a loss of 37 cents a share. Both exceeded Wall Street…
Warner Bros Discovery Posts Wider-Than-Expected Loss In Q1, But Notes “Meaningful Turn” Toward Streaming Profitability
Warner Bros Discovery matched Wall Street estimates for revenue in the first quarter, with $10.7 billion, but posted a wider-than-expected loss due to tough comparisons with the year-ago period.
Net losses in the quarter ending March 31 reached 44 cents a share, significantly worse than the consensus…
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