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[1/2] The Netflix logo is shown on one of their Hollywood buildings in Los Angeles, California, U.S., July 12, 2023. The company picked up nearly 9 million new customers around the globe, surpassing the 6 million consensus forecast of Wall Street analysts surveyed by LSEG. The one-stream basic plan rose by $2 per month. GLOBAL PRICE HIKESIn Britain, Netflix increased the basic plan price by 1 pound to 7.99 pounds. Netflix projected fourth quarter revenue of $8.69 billion fell slightly below the $8.77 billion forecast of analysts polled by LSEG.
Persons: Mike Blake, Walt Disney, Paolo Pescatore, Lisa Richwine, Aurora Ellis Organizations: REUTERS, Netflix, Street, LSEG, Investors, Warner Bros Discovery, LSEG . Media, YouTube, Nielsen, Thomson Locations: Los Angeles , California, U.S, United States, Britain, France, Hollywood
[1/2] SAG-AFTRA members walk the picket line during their ongoing strike outside Sony Studios in Culver City, California, U.S. September 29, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Oct 17 (Reuters) - Santa Claus will not be coming to Hollywood this year. The strike, which has entered its 14th week, is scrambling next year’s film slate and delaying the return of primetime television comedies and dramas. Some have sold rights to film and television libraries to keep the lights on, one buyer told Reuters. Some major studio films scheduled for next year could slip into 2025 if the work stoppage continues, according to the studio executive, raising concern that audiences will get out of the habit of going to theaters.
Persons: Mario Anzuoni, Santa Claus, , , Farrelly, Satan, Bob Marley, Guy Ritchie’s, Jake Gyllenhaal, Henry Cavill, Doug Creutz, Dawn Chmielewski, Lisa Richwine, Ken Li, Rod Nickel Organizations: Sony Studios, REUTERS, Reuters, Media, Warner Bros ., Television, CSI, CBS, Thomson Locations: Culver City , California, U.S, Santa, Hollywood, North America, Spain, Los Angeles
The Wall Street Journal was first to report Peltz's push for board seats. Disney had rejected Peltz as a possible board member. Disney has undergone a period of transformation, restructuring the company and streamlining operations to make the business more cost effective. In addition, Disney is laying plans to make its flagship ESPN sports network available via streaming at some point in the future. Facing trouble last year, Disney's board brought Iger out of retirement in November for a second turn at running the company.
Persons: Mario Anzuoni, Nelson Peltz, Mickey Mouse, Peltz's, Trian, Bob Iger, Peltz, Iger, Disney, Disney's, Ed Garden, Matthew, Josh Frank, Svea Herbst, Bayliss, Krishna Chandra Eluri, Savio D'Souza, Tomasz Janowski, Leslie Adler Organizations: Walt Disney Studios, Writers Guild of America, REUTERS, Walt Disney, Peltz's Trian Fund Management, Disney, Peltz, ESPN, Svea, Thomson Locations: Burbank , California, U.S, Disney, New York, Rhode Island, Bengaluru
Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. In her next act, Swift is poised to lift another corner of the economy: a movie box office still trying to recover from the pandemic and Hollywood strikes. “Swift and Beyonce will certainly fill some of the gaps,” said Box Office Pro senior analyst Shawn Robbins. BLOCKBUSTER SALESAdvance sales for "Taylor Swift: The Eras Tour" are on pace with a Star Wars or Marvel blockbuster. “But there's no question that the Eras Tour with Taylor Swift has really launched that into a new atmosphere.
Persons: Taylor Swift, Andrew Kelly, Swift, Taylor, Beyonce, , Barbie ”, “ Oppenheimer, “ Swift, Shawn Robbins, , it's, Hunter, “ We’ve, Rolando Rodriguez, Brock Bagby, Queen Bey, Bruce Nash, Nash, Riley, Eric Wold, Dawn Chnmielewski, Lisa Richwine, Kenneth Li, Mark Porter Organizations: Prudential Center, REUTERS, AMC Theatres, Hollywood, Pro, SAG, Marvel, National Association of Theatre Owners, B, , Wedbush Securities, Thomson Locations: Newark , New Jersey, U.S, United States, Canada, Missouri, Los Angeles, New York
Actors, writers and other union members gather around a speaker as SAG-AFTRA and WGA strikers demonstrate in Manhattan in New York City, New York, U.S., August 22, 2023. REUTERS/Mike Segar/File Photo Acquire Licensing RightsLOS ANGELES, Oct 2 (Reuters) - Negotiators for striking Hollywood actors resumed contract talks on Monday with representatives of major studios, television networks and streaming services, marking the first time the two sides have returned to the bargaining table since mid-July. Renewed talks between the SAG-AFTRA actors union and the Alliance of Motion Picture and Television Producers (AMPTP) came eight days after the producers clinched a separate contract deal with Hollywood writers, who launched their own strike on May 2, about 10 weeks before the actors. In the area of artificial intelligence, actors want to protect their images and work from being replaced by computer-generated "digital replicas." The resumption of contract talks between the actors and studios also coincided with network television's late-night hosts - Jimmy Fallon, Stephen Colbert, Seth Meyers and Jimmy Kimmel - bringing their shows back to television on Monday.
Persons: Mike Segar, Jimmy Fallon, Stephen Colbert, Seth Meyers, Jimmy Kimmel, John Oliver, Dawn Chmielewski, Steve Gorman, Gerry Doyle Organizations: WGA, REUTERS, Hollywood, SAG, Alliance, Television Producers, Guild of America, Thomson Locations: Manhattan, New York City , New York, U.S, Hollywood's, Los Angeles
[1/2] Sep 24, 2023; Kansas City, Missouri, USA; Taylor Swift reacts while watching the Kansas City Chiefs vs Chicago Bears game during the first half at GEHA Field at Arrowhead Stadium. A rumored relationship between Swift and Chiefs tight end Travis Kelce has sent interest sky-rocketing in Super Bowl champion Kansas City. In another sign of "the Swift Effect," sales of Kelce's jersey surged after Swift's appearance at his Week 3 home game. The broadcast featured ads for the forthcoming concert film "Taylor Swift: The Eras Tour" and on several occasions cut to Swift, who cheered on the Kansas City team enthusiastically, while commentators made references to her song lyrics. Swift had also appeared at the Chiefs' Week 3 game at home at which the champions pummeled the Chicago Bears 41-10.
Persons: Taylor Swift, Denny, Swift, Travis Kelce, reveled, Amy Tennery, Dawn Chmielewski Organizations: Kansas City Chiefs, Chicago Bears, Arrowhead, New York Jets, Sunday, NBC Sports, Chiefs, Super Bowl, Kansas City, MetLife, Sunday Night, NBC, NFL, pummeled, Minnesota Vikings, Thomson Locations: Kansas City , Missouri, USA, East Rutherford , New Jersey, New York
'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSept 27 (Reuters) - Social media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner Elon Musk. The appearance at Vox Media's Code conference comes as Yaccarino marked 100 days as CEO of the platform formerly known as Twitter. "The velocity of change and the scope of ambition at X really does not exist anywhere else," Yaccarino said. Yaccarino added that about 1,500 advertisers have returned to the platform in the last 12 weeks, and that 90% of the company's top 100 advertisers have returned.
Persons: Carlos Barria, Linda Yaccarino, Elon Musk, Yaccarino, Musk, X, Dawn Chmielewski, Sheila Dang, Kim Coghill, Christian Organizations: REUTERS, Twitter, Anti, Defamation, ADL, Thomson Locations: San Francisco , California, U.S
SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Writers and actors share common concerns, including the desire for higher pay and for curbs on the use of artificial intelligence (AI) in entertainment. The Writers Guild of America (WGA), which went on strike May 2, reached a tentative deal with studios Sunday. Negotiators for the SAG-AFTRA actors' union have not held talks with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney (DIS.N), Netflix (NFLX.O) and other studios, since this summer. As with writers, actors are looking for compensation that reflects the value they bring to streaming, specifically, in the form of revenue sharing.
Persons: Mike Blake, Mel Shimkovitz, Walt Disney, AFTRA, Pedro Pascal, Bob Odenkirk, We're, Lisa Richwine, Dawn Chmielewski, Rollo Ross, Miral Organizations: Writers Guild of America, Disney Studios, REUTERS, Guild of America, Netflix, WGA, SAG, Alliance, Television Producers, Walt, Entertainment, Thomson Locations: Burbank , California, U.S, Los Angeles
The iconic Hollywood sign is pictured the day after the Writers Guild of America (WGA) announced it reached a preliminary labor agreement with major studios in Los Angeles, California, U.S., September 25, 2023. The Writers Guild of America (WGA) leadership voted unanimously to end the strike on Wednesday, the guild said in a statement. In other areas, the guild said it won guarantees of minimum staffing in writers’ rooms, a key issue for many of its members. Maher and Drew Barrymore had angered writers by saying this month that their talk shows would return before the strike ended. The end of the WGA strike does not return Hollywood to normal.
Persons: Mario Anzuoni, Walt Disney, Adam Conover, WE, Conover, David Slack, Bill Maher, Maher, Drew Barrymore, Lisa Richwine, Dawn Chmielewski, Jamie Freed, Leslie Adler, Gerry Doyle Organizations: Writers Guild of America, REUTERS, Guild of America, WGA, Netflix, Warner Bros Discovery, SAG, Thomson Locations: Los Angeles , California, U.S, United States
REUTERS/Danny Moloshok/File Photo Acquire Licensing RightsSept 27 (Reuters) - A new addition to streaming service Max strips the reality dating show genre down to its bare essentials. "Naked Attraction" features six nude contestants in glass booths whose body parts are gradually revealed, “bit by lovely bit,” until a single contestant is chosen for a date. “I will remind you that HBO is the home of ‘Real Sex’ and ‘Cathouse,'” Bloys said at the Vox Media’s Code 2023 conference, referring to other explicit shows. “You need an entire mix of programming.”Discovery+ acquired all seasons of "Naked Attraction," in a 2021 deal with Britain-based distributor All3Media. As of Wednesday, the show was the most popular series on the streaming service, a week after its launch.
Persons: Casey Bloys, Danny Moloshok, Max, ” Casey Bloys, , Bloys, CNN Max, Ana Navarro, Dawn Chmielewski, Cynthia Osterman Organizations: HBO, HBO Television, Association Summer Press, REUTERS, Max, , Vox, Warner Bros, Discovery, CNN, Thomson Locations: Beverly Hills , California, U.S, Britain, Italy, Sweden, Singapore, American, Dana Point , California
By Dawn Chmielewski and Lisa RichwineLOS ANGELES (Reuters) - The tentative deal Hollywood writers reached with the major studios and streaming services could serve as a template for actors, who have been on strike since mid-July. Writers and actors share common concerns, including the desire for higher pay and for curbs on the use of artificial intelligence (AI) in entertainment. The Writers Guild of America (WGA), which went on strike May 2, reached a tentative deal with studios Sunday. Negotiators for the SAG-AFTRA actors' union have not held talks with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney, Netflix and other studios, since this summer. As with writers, actors are looking for compensation that reflects the value they bring to streaming, specifically, in the form of revenue sharing.
Persons: Dawn Chmielewski, Lisa, Mel Shimkovitz, Walt Disney, AFTRA, Pedro Pascal, Bob Odenkirk, We're, Lisa Richwine, Rollo Ross, Miral Fahmy Organizations: ANGELES, Reuters, Guild of America, Netflix, WGA, SAG, Alliance, Television Producers, Entertainment Locations: Los Angeles
Strike signs await striking SAG-AFTRA actors and Writers Guild of America (WGA) outside Disney Studios in Burbank, California, U.S., July 25, 2023. The WGA, which represents 11,500 film and television writers, described the deal as "exceptional" with "meaningful gains and protections for writers." While writing may resume, the SAG-AFTRA actors' union remains on strike. Efforts to restart daytime talk shows without writers, such as "The Drew Barrymore Show," collapsed this month, in the face of criticism from striking writers and actors. Even as studio executives celebrated the end of the longest-running writers' strike since 1988, it is only half the labor battle.
Persons: Mike Blake, Caroline Renard, Hollywood's, Drew Barrymore, Bob Iger, Iger, It's, Brandon K, Hines, Kevin Klowden, David Zaslav, Ted Sarandos, Donna Langley, AFTRA, Dawn Chmielewski, Lisa Richwine, Danielle Broadway, Christopher Cushing Organizations: Writers Guild of America, Disney Studios, REUTERS, WGA, Hollywood, SAG, Alliance, Television Producers, Walt Disney, Netflix, Warner Bros Discovery, Disney, Milken Institute, Reuters, Thomson Locations: Burbank , California, U.S, California, New Mexico, Georgia, New York, Los Angeles
The Writers Guild of America (WGA), which represents roughly 11,500 film and television writers, reached a preliminary three-year deal with major studios on Sunday. While actors remain on strike, late-night and daytime talk shows may resume production once their writers receive the Guild's greenlight to return to work in the coming days or weeks. Film and television producer Todd Garner said he expects that once actors reach a deal, scores of productions will race to restart at once. Major television shows and movies are contractually in first position with actors, Garner said. Its shares have dropped nearly 14% since the writers' strike started on May 2, while Paramount, Disney and Netflix have lost between 20% and 45%.
Persons: David Swanson, Drew Barrymore, Barrymore, Jimmy Fallon, Todd Garner, Garner, " Garner, Walt Disney, Susannah Streeter, Hargreaves Lansdown, Rosenblatt, Barton Crockett, Lisa Richwine, Dawn Chmielewski, Yuvraj Malik, Zaheer Kachwala, Arun Koyyur, Sandra Maler Organizations: Netflix, Writers Guild of America, REUTERS, Hollywood, Guild of America, SAG, Long, Warner Bros Discovery, Comcast, Hargreaves, Paramount, Disney, Thomson Locations: Los Angeles , California, U.S, California, Los Angeles, Bengaluru
SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. While workers across the entertainment industry waited for word of the outcome, no agreement had been announced as of late Friday, the 144th day of the strike. Representatives for the WGA and the Alliance of Motion Picture and Television Producers (AMPTP), which represents the studios, had no comment. Producer and WGA member Al Septien, also picketing outside Netflix on Friday, said he wanted to get back to work, but only under the right terms. We don't want to fold for a less-than-fair and good contract for the writers,” he said.
Persons: Mike Blake, Walt Disney, Bob Iger, Ted Sarandos, David Zaslav, Donna Langley, Matthew Weiner, Weiner, Al Septien, We've, , Lisa Richwine, Dawn Chemielewski, Sandra Stojanovic, Shri Navaratnam Organizations: Writers Guild of America, Disney Studios, REUTERS, Netflix, Warner Bros Discovery, Comcast's, WGA, Alliance, Television Producers, SAG, Thomson Locations: Burbank , California, U.S, Angeles
Lachlan Murdoch and his siblings attended Dalton, a private school on Manhattan’s Upper East Side, and other elite schools, including Trinity School. In 1999, Lachlan Murdoch assumed responsibility for print operations in the U.S. [1/3]Then Newscorp chairman Rupert Murdoch and son Lachlan Murdoch in the crowd before Super Bowl LI at NRG Stadium in Houston, Texas, U.S., February 5, 2017. The newly constituted Fox was reduced to a handful of assets, including the Fox broadcast network, Fox News, Fox Sports and Fox Business, with Lachlan Murdoch serving as its executive chair and chief executive officer. As chief executive of Fox Corp since 2019, Lachlan Murdoch has presided over the media properties during seismic change in the industry, as viewers cut cable subscriptions in favor of streaming services.
Persons: Lachlan Murdoch, Rupert Murdoch, Murdoch, Rupert Murdoch’s, Anna, Australian Broadcasting Corp’s, Paddy Manning’s, , Lachlan, James, Dalton, Manning, Robert Deutsch, Walt Disney, Brother James Murdoch, Chris Mitchell, , James Murdoch, Kathryn, Fox, Donald Trump, Dawn Chmielewski, Helen Coster, Kenneth Li, Nick Zieminski Organizations: News Corp, Fox Corp, Wall Street Journal, Fox News, Sun, Fox Sports, Fox Entertainment, Australian Broadcasting, New, New York Post, The New York Times, Daily News, Wall Street, San Antonio Express, Monopoly, Trinity School, Trinity Conservative Society, Princeton, News Ltd, U.S ., New York, Century Fox, Walt, Fox, Fox Business, Disney, New York Times, Daily, Dominion Voting Systems, Thomson Locations: Australia, United States, London, New York, U.S, Illyria, NRG, Houston , Texas, Los Angeles
General Sport - Leaders Sport Summit2012 - Stamford Bridge - 10/10/12 Rick Cordella, SVP and GM NBC Sports and Olympics Digital during a talk called "The Digital Olympics: Expensive experiment or a new era in sport?" during the summit Mandatory Credit: Action Images / Matthew Childs/File Photo Acquire Licensing RightsSept 22 (Reuters) - Comcast's (CMCSA.O) NBCUniversal on Friday appointed veteran executive Rick Cordella as president of its sports division. Cordella will take charge of NBC Sports' platforms including NBC Olympics, Golf Channel and oversee sports on the company's streaming platform Peacock, home to Sunday Night Football and NASCAR. He was most recently president of programming for NBC Sports and Peacock Sports. In the role, he led NBCUniversal's sports programming strategy across broadcast, cable and streaming and oversaw sports betting and sports fantasy.
Persons: Rick Cordella, Matthew Childs, NBCUniversal, Cordella, Arsheeya, Dawn Chmielewski, Shailesh Organizations: Sport, Summit2012, GM NBC Sports, Olympics, NBC Sports, NBC, Golf Channel, Sunday Night Football, NASCAR, Peacock, Thomson Locations: Stamford, Bengaluru, Los Angeles
[1/3] Then Newscorp chairman Rupert Murdoch and son Lachlan Murdoch in the crowd before Super Bowl LI at NRG Stadium in Houston, Texas, U.S., February 5, 2017. In 1999, Lachlan Murdoch assumed responsibility for print operations in the U.S. Lachlan Murdoch founded Illyria Pty, a private investment company, whose acquisitions included a network of Australian radio stations. The newly constituted Fox was reduced to a handful of assets, including the Fox broadcast network, Fox News, Fox Sports and Fox Business, with Lachlan Murdoch serving as its executive chair and chief executive officer. While Rupert Murdoch built his legacy pursuing the television, movie and newspaper businesses with equal abandon, Lachlan’s legacy is still taking shape.
Persons: Rupert Murdoch, Lachlan Murdoch, Robert Deutsch, Murdoch, Rupert Murdoch’s, Anna, Australian Broadcasting Corporation’s, Paddy Manning’s, , Lachlan, James, Dalton, Manning, Walt Disney, Brother James Murdoch, Lachlan Murdoch doesn’t, Chris Mitchell, , Fox, Donald Trump, Dawn Chmielewski, Helen Coster, Kenneth Li, Nick Zieminski Organizations: News Corp, Fox Corp, Wall Street Journal, Fox News, Sun, Fox Sports, Fox Entertainment, Australian Broadcasting, New, New York Post, The New York Times, Daily News, Wall Street, San Antonio Express, Monopoly, Trinity School, Trinity Conservative Society, News, New York, Century Fox, Walt, Fox, Fox Business, Disney, New York Times, Dominion Voting Systems, Thomson Locations: NRG, Houston , Texas, U.S, Australia, United States, London, New York, Princeton, Illyria, Los Angeles
His son, Lachlan Murdoch, will become the sole chairman of News Corp and continue as the chair and CEO of Fox, the companies said on Thursday. The transition solidifies Lachlan's role as the leader of the media empire, putting to rest questions of succession within the Murdoch family. Lachlan was appointed CEO of the new Fox Corp. Murdoch controls News Corp and Fox Corp through a Reno, Nevada-based family trust that holds a roughly a 40% stake in voting shares of each company. The shares in Fox and News Corp owned by Murdoch’s children through the trust are a combination of both classes of shares.
Persons: Rupert Murdoch, Rafael Nadal, Kevin Anderson of, Mike Segar, Lachlan Murdoch, Murdoch, Lachlan, Fox, Brian Wieser, James, Chloe, Grace, Wendi Deng, Jonathan Miller, Sumner Redstone, Ted Turner, John Malone, Miller, Helen Coster, Aditya Soni, Dawn Chmielewski, Krishna Chandra Eluri, Saumyadeb Chakrabarty, Nick Zieminski Organizations: Fox News, Fox Corp, News Corp, Fox, Dominion, Systems, Wall, Walt Disney Co, Lupa Systems, Corp, Thomson Locations: York, U.S, Kevin Anderson of South Africa, Australia, United States, American, Reno , Nevada, London, New York, Bengaluru, Dawn, Los Angeles
[1/2] Phoebe Price holds a sign, while pushing a dog in a stroller, as SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line during their ongoing strike outside Sunset Bronson studios, near Netflix offices in Los Angeles, California, U.S., August 11, 2023. REUTERS/Mario Acquire Licensing Rights Read moreLOS ANGELES, Sept 20 (Reuters) - Negotiators for the striking Writers Guild of America (WGA) and Hollywood studios will meet again on Thursday to try to resolve a nearly five-month standoff that has disrupted film and television production. CNBC, citing people close to the negotiations, said writers and producers were near an agreement and hoped to reach a deal on Thursday. But if a deal is not reached the strike could last through the end of the year, CNBC reported. No talks are currently scheduled between the actors and the studios.
Persons: Phoebe Price, Walt Disney, AMPTP, Bob Iger, Ted Sarandos, Donna Langley, David Zaslav, Lisa Richwine, Dawn Chmielewski, Sandra Maler, Kim Coghill Organizations: SAG, Writers Guild of America, Netflix, REUTERS, Mario, Guild of America, Hollywood, WGA, Alliance, Television Producers, Walt, Disney, Warner Bros Discovery, People, CNBC, Thomson Locations: Sunset Bronson, Los Angeles , California, U.S, ANGELES
[1/2] Items with a rainbow-coloured design are seen in a Pride section of a gift shop at the Walt Disney World Magic Kingdom theme park in Orlando, Florida, U.S. July 30, 2022. REUTERS/Octavio Jones/File Photo Acquire Licensing RightsSept 20 (Reuters) - Walt Disney (DIS.N) CEO Bob Iger told investors the company will "quiet the noise" in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note on Wednesday. Iger previously said the company planned to spend $17 billion in investment at Walt Disney World over the next 10 years. At the time, Iger was responding to an investor who said the company was becoming too concerned with social issues. “Our primary mission needs to be to entertain ... and to have a positive impact on the world,” Iger said at the time.
Persons: Octavio Jones, Walt Disney, Bob Iger, Laura Martin, Disney, Wall, Ron DeSantis, , Iger, Halle, Ariel, ” Iger, Dawn Chmielewski, Marguerita Choy Organizations: Walt Disney, REUTERS, Needham, Walt Disney World, Disney, ESPN, Central, Universal Orlando, Parks, Pixar Animation, Thomson Locations: Orlando , Florida, U.S, Florida, Central Florida, Halle Bailey, Los Angeles
REUTERS/Elijah Nouvelage Acquire Licensing RightsSept 19 (Reuters) - More people in the U.S. turned to traditional TV for news and drama shows in August, with the start of the back-to-school season making a slight dent on the streaming viewership, market researcher Nielsen said. Broadcast viewership, which has declined since January, rose 1.6% in August, thanks to shows like "America's Got Talent" on NBC and "Big Brother" on CBS. Streaming saw a sequential decline of 1.6% in viewers to 38.3% last month, but still accounted for the largest share of viewership. Reuters GraphicsNielsen said that despite the seasonal weakness in streaming, the category has gained 7.0 share points since August last year. Legal dramas "Suits" and "The Lincoln Lawyer" were the top two streaming titles in August, Nielsen said.
Persons: Raphael Warnock, Herschel Walker, Elijah Nouvelage, Nielsen, Reuters Graphics Nielsen, Peacock, Mario, Samrhitha, Dawn Chmielewski, Tasim Zahid Organizations: Republican, Georgia Public Broadcasting, REUTERS, NFL, NBC, CBS, Reuters Graphics, WWE, Hall of Fame, Lincoln, Thomson Locations: Atlanta , Georgia, U.S, Bengaluru, Dawn, Los Angeles
Sept 19 (Reuters) - Walt Disney (DIS.N) said on Tuesday it would nearly double its capital expenditure for its parks business to about $60 billion over the next 10 years. Disney CEO Bob Iger and Josh D'Amaro, the company's parks chief, announced the accelerated pace of investment at a gathering of Wall Street analysts and investors at Walt Disney World Resort in Orlando, Florida, focused on the company's parks business. Parks have become a reliable profit engine for Disney and has helped cushion losses in the Disney+ streaming business, which is expected to become profitable only next year. The announcement of the planned investment followed a slowdown at Walt Disney World in Orlando, as attendance surges at its parks around the world, particularly Shanghai Disney Resort and Hong Kong Disneyland. Disney also plans to nearly double the capacity of its cruise line, adding two ships in fiscal 2025 and another in 2026.
Persons: Walt Disney, Bob Iger, Josh D'Amaro, Parks, Iger, Disney, Ron DeSantis, Mario Anzuoni, Paul Verna, Thomas Hayes, Samrhitha, Dawn Chmielewski, Shailesh Kuber, Chizu Nomiyama, Paul Simao, Aurora Ellis Organizations: Disney, Wall Street, Walt Disney World, Disney California, Hollywood Studios, Republican, REUTERS, Insider Intelligence, Walt Disney, Shanghai Disney Resort, Great, Thomson Locations: Orlando , Florida, California, Orlando, Florida, Anaheim , California, U.S, Shanghai, Hong Kong, Great Hill, Bengaluru, Dawn, Los Angeles
(Reuters) - More people in the U.S. turned to traditional TV for news and drama shows in August, with the start of the back-to-school season making a slight dent on the streaming viewership, market researcher Nielsen said. The combined share of broadcast and cable television, rose to 50.6% of total TV usage in August from 49.6% in July, according to Nielsen's monthly report on the state of the television market. Streaming saw a sequential decline of 1.6% in viewers to 38.3% last month, but still accounted for the largest share of viewership. Nielsen said that despite the seasonal weakness in streaming, the category has gained 7.0 share points since August last year. Legal dramas "Suits" and "The Lincoln Lawyer" were the top two streaming titles in August, Nielsen said.
Persons: Nielsen, Comcast's Peacock, Mario, Samrhitha, Dawn Chmielewski, Tasim Zahid Organizations: Reuters, NFL, Republican, NBC, CBS, WWE, Hall of Fame, Lincoln Locations: U.S, Bengaluru, Dawn, Los Angeles
Disney also agreed to drop eight of its less-viewed networks, signaling the end of bloated cable TV bundles. Broadcasters could negotiate fees that included adding new cable TV channels. The new type of bundle deal combining traditional channels with streaming services provides a way forward for the media business. Pity the cable TV channels that few people watch, said one TV station group executive. Paramount Global has created numerous spin-offs of its main cable channels, with Nickelodeon siring five programming offspring, Nick Jr., Nick at Nite, TeenNick, Nicktoons and Nick Music.
Persons: Dado Ruvic, John Malone, Walt Disney, , Craig Moffett, , you’re, Rich Greenfield, Jonathan Miller, Nick Jr, Nick, Nick Music, Moffett, Dawn Chmielewski, Kenneth Li, Josie Kao Organizations: REUTERS, Liberty Broadband, Charter Communications, Reuters, Disney / Charter, Disney, Broadcasters, Cable, P Global Market Intelligence, Netflix, Leichtman Research, Paramount, ESPN, FX, Integrated Media Co, Warner Bros Discovery, American Heroes Channel, Paramount Global, Nickelodeon, Nick, Thomson Locations: U.S, Greenfield, Los Angeles, New York
Sept 14 (Reuters) - Walt Disney Co (DIS.N) has held exploratory discussions about selling its U.S. TV network ABC to regional TV station operator Nexstar Media Group Inc (NXST.O), people familiar with the matter said on Thursday. Nexstar's interest is preliminary and may not lead to any deal, one of the sources said. Nexstar and Disney did not immediately respond to requests for comment. Disney's ABC comprises a national television network and eight regional stations. It also has affiliation agreements with about 240 local television stations reaching almost all U.S. television households.
Persons: Bob Iger, Michael Eisner, Dawan Chmielewski, Akash Sriram, Josie Kao Organizations: Walt Disney Co, U.S ., ABC, TV, Nexstar Media Group Inc, Disney, Nexstar, Bloomberg News, Capital Cities, Thomson Locations: Los Angeles, Bengaluru
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