Streaming’s Success Propels Real Estate Investment
Built on the backs of binge-watchers.
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CNN+ Reportedly Scaling Back Following Lackluster Debut
Here’s a breaking news alert unlikely to receive 24/7 coverage on CNN: CNN+, the cable news giant’s supplementary streaming service, is facing dramatic cuts in funding and investment, according to an Axios report. You may be asking: Didn’t CNN+ just…
Bezos and Asia’s Richest Man Will Go Toe-to-Toe in a Televised Cricket Auction
Mukesh Ambani, chairman of Reliance Industries and Asia’s richest man, and Jeff Bezos, chairman of Amazon and the world’s second-richest man, are about to go head-to-head in a spectacle like no other. Both men’s companies will face off in a…
WarnerMedia Announces Plans to Merge HBO Max and Discovery Plus
First came the race to launch. Then came the battle for content rights. Now, the streaming wars are entering a new phase: consolidation. On Monday, WarnerMedia confirmed plans to merge its flagship streaming platform HBO Max with Discovery Plus (home…
Now Playing on Netflix: Your Teenager
Movies and video games have been intrinsically linked for years — by both the arcade machines still found in lobbies of your local multiplex and the hundreds of games based on big-screen adventures (who can forget GoldenEye 007 on the…
Disney Beats Parks and Streaming Expectations in Earnings Surprise
Poor streaming results from chief rival Netflix had investors worried that Disney’s latest financial results would end up under the sea. Instead, on Wednesday the world’s largest entertainment company rode high atop Magic Mountain. Disney beat out Wall Street’s forecasts,…
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Private Equity Turn Money-Losing Streamers into Money-Making Opportunity
If someone spends money, someone else has to make money. That is a simple calculation some private equity firms are applying as streaming services drop reams of cash in their relentless pursuit of viewers, with little apparent concern for the…
Peacock is Banking on the Olympics for Some Much Needed Streaming Juice
The Winter Olympic Games begin this Friday in Beijing and so does the once-in-every-four-year tradition of people pretending to know what the Nordic Combined is. For Comcast’s Peacock streaming service, the Games represent a chance to make up ground in…
Netflix’s Latest Lackluster Quarter Sent Its Stock Tumbling
Netflix dropped its latest horror content on Thursday, and it features a team-up of two longtime villains: a swelling budget and shrinking subscriber growth. Despite a fourth quarter filled with high-profile, blockbuster content, the streaming giant couldn’t meet its own…
HBO Max Pledges $18 Billion Spend to Try and Catch Netflix, Disney+
HBO Max has the rights to Game of Thrones and The Sopranos, but in the streaming wars it’s no conqueror of empires or New Jersey sanitation turf. The third-placed streaming service, which trails chief rivals Netflix and Disney by tens…
Atmosphere Replaces Muzak With Viral Videos, Nears $1 Billion Valuation
Atmosphere isn’t exactly as artful as Buster Keaton. The company’s version of silent cinema is putting “sound optional” viral videos on screens in places normally reserved for cheesy muzak — doctors’ offices, veterinary clinics, muffler shops, laundromats, and restaurants. But…
