NBCUniversal had a golden third quarter in 2024, and much of that was due to its comprehensive coverage of the Paris Olympics. Revenue from parent company Comcast’s media segment (which consists of NBCUniversal as well as streamer Peacock ) rose almost 37%. The Paris Olympics averaged about 30.3 million viewers daily across all NBCUniversal cable channels, which include Bravo, CNBC, E!, MSNBC, Oxygen, SYFY. Peacock scored so many wins during the Paris Games that Wall Street may now see it as a true competitor in streaming, rivaling the likes of Netflix. But can NBCUniversal’s streamer really compete? There was an…
Author: Mónica Marie Zorrilla
Finally the time has come to Bob Iger resign – the many times CEO of The Walt Disney Company, who completely transformed the entertainment and experiences giant between 2005 and 2020, and returned from retirement in 2022 after being unhappy with the way his replacement handled matters (financially and, well, politically). As CEO of Disney, Iger has been an ingenious force from the start, bringing back the company’s soul after a series of mostly blah projects during the post-Renaissance era with strong, inventive storytelling and smart IP acquisitions. Under Iger’s wing, Pixar (2006), Marvel (2009), Lucasfilm (20112), and 21st Century…
Amazon Main video and AppleTV+ They may not be heads of streamers like Netflix, Max, and Disney+/Hulu just yet, but being owned and operated by tech giants with a track record of success in Silicon Valley certainly doesn’t hurt their position on the rungs of the SVOD hierarchy. Both have followed similar business strategies with their streaming platforms in 2024 in an effort to increase revenue: Prime introduced an opt-out advertising tier in early 2024, and Apple TV+ raised prices by three dollars in late 2023. Although Amazon and Apple no longer disclose metrics from their streaming divisions, video when…
The Godfather, Forrest Gump, and Titanic everyone can be part SupremeIt’s the legacy, but this is the old Paramount: it’s time for the “New Paramount.” The entertainment conglomerate expects new ownership under Skydance Media will support it as a media and technology leader following Paramount’s bumpy path entering the streaming scene after decades of leaning heavily on theatrical and linear releases. Why is Paramount for sale? The company has faced problems recently It’s hard to believe that the company that oversees the ratings giant SEllowstone and the rest of Taylor Sheridan’s verse, along with iconic franchises like SpongeBob SquarePants and…
Despite rising subscription prices, reduced production due to Hollywood’s double strikes in 2023, and the implementation of that pesky one-size-fits-all house rule to crack down on password sharers, Netflix had great wins in the third quarter of this year. The Ted Sarandos-run streamer, home to TV heavyweights Stranger Things, Cobra Kai, and Emily in Parisreported revenue growth of 15% with total revenue of $9.825 billion, exceeding Wall Street analysts’ expectations of about $9.77 billion. (By comparison, the third quarter of 2023 brought in $8.54 billion.) Additionally, Netflix added 5.1 million subscribers from the previous quarter, bringing its overall global subscriber…