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The downsizing of Netflix's film ambitions is on pace with a broader contraction at the streamer, which announced 88 fewer original films last year than in 2022. But for some on Wall Street, the right number of Netflix original films just might be zero. Netflix's rise has been a mixed bag for filmWhen Netflix film head Scott Stuber joined the company in 2017, the mandate was quantity. Netflix announced a whopping 232 original films in 2021, according to Ampere Analysis. Netflix's original films started declining in 2022 from the 2021 peak of 232.
Persons: bode, Scott Stuber, Stuber, David Fincher, Ted Sarandos, Ted Hope, Hope, didn't, Variety, Maestro, we're, Netflix's, Kevin Goetz, Michael Pachter, Kasey Moore, LightShed, Goetz, " Goetz, Wedbush's Pachter, Pachter Organizations: Netflix, Business, Ampere, Independent, Variety, Hollywood, Puck News, Apple, LightShed Partners Locations:
Disney has offered to pay Comcast $8.6 billion to take full control of Hulu. Disney is already in the process of rolling out a unified app that'll make Hulu's general entertainment content available in Disney+ . "With Hulu firmly in the Disney fold, they can create their own mini-bundle with kids and family (Disney +), general entertainment (Hulu), and sports (ESPN). The valuation also has to take into account that Hulu contains an entire Disney basic cable network, FX on Hulu. Netflix is set to spend $17 billion on entertainment content in 2024, while Disney is poised to spend $15 billion.
Persons: Bob Iger's, , Bob Iger, Hulu —, what's, Comcast's NBCUniversal, pare, he's, Jonathan Miller, Brian Roberts, there's, Bernstein, Laurent Yoon, Read, Jordan Helman, Max, Puck, Disney, Bernstein's Yoon Organizations: Disney, Comcast, Hulu, Service, YouTube, News, Century Fox, Marvel, Netflix, Integrated Media, ESPN, ABC, LightShed Partners, Warner Bros, Wall, Paramount Global, Paramount, Showtime, HBO Max, Macquarie Equity Research, Media, Disney Disney, Hollywood Locations: Disney, Hulu, Canada, India, Hollywood
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAll of the production delays is making Netflix stronger, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the state of the SAG-AFTRA strike, the impact on Hollywood studios and box office, and more.
Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: Netflix, LightShed Partners, SAG, Hollywood
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix is 'running away from the pack' this quarter: Lightshed's Greenfield on streaming spaceRich Greenfield, Lightshed Partners partner & co-founder, joins 'Fast Money' to talk Netflix earnings, it's big Q3 subscriber beat, streaming competition and more.
Persons: Lightshed's, Rich Greenfield Organizations: Netflix, Lightshed Partners Locations: Lightshed's Greenfield
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt'll be beginning of 2024 before Hollywood is back to full steam ahead: LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the latest in Hollywood writers' strike, as the WGA and heads of multiple studios are expected to head back to the bargaining table today, the chances for an agreement, and more.
Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: Hollywood, LightShed Partners, WGA
CNN —The cable bundle is losing its biggest edge over the streaming competition: live sports. For years, live sports and news have been the cornerstone of the immutable cable bundle. Max is set to launch a live news channel next week, with the birth of CNN Max, the first cable news network to offer a 24/7 live streaming news service. With live news and sports now making their way to streaming, piece by piece, the Jenga puzzle of the cable bundle has started to destabilize. Once ESPN is available directly to consumers, the decades-long grip of the traditional cable bundle will surely fade considerably.
Persons: Max, CNN Max, ” Michael Pachter, Pachter, ” Pachter, Ross Benes, ” Benes, Benes, ” Rich Greenfield, Greenfield, ” Greenfield, Organizations: CNN, Warner Bros . Discovery, MLB, NHL, NBA, NCAA, U.S, Soccer, Apple, Major League Soccer, NBC, ABC News, CBS, ESPN, Wedbush Securities, , Insider Intelligence, Disney, Diamond Sports, Warner Bros, Discovery, LightShed Partners
What's at stake for media giants after Disney-Charter deal
  + stars: | 2023-09-11 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's at stake for media giants after Disney-Charter dealRich Greenfield, LightShed Partners Partner & Co-Founder, joins 'Fast Money' to dive into the Disney-Charter deal after ESPN blackout.
Persons: Rich Greenfield Organizations: Disney, LightShed, ESPN
Distributors are making it harder for legacy media companies like Disney to bid for valuable sports content. "Historically, I felt media companies had the advantage with the content," Naveen Sarma, senior director of US Media & Telecom at S&P Global Ratings, told Insider. "The cable companies inevitably gave in. For the past couple years, we've wondered why the cable companies weren't taking the stand." "Some of the tech and streaming companies have the ability to be global and create custom packages for leagues.
Persons: , NBCUniversal, Fox, that's, Naveen Sarma, we've, Disney, WBD, Max, David Zaslav, LightShed, Marty Conway, Conway Organizations: Big Tech, Distributors, Disney, Apple, Charter Communications, Sports, P Global Market Intelligence, Paramount, Warner Bros, ESPN, Media, US Media, Telecom, Hulu, NBA, Fox, 4Q, UBS, LightShed Partners, YouTube, Georgetown University, Major League Baseball, NFL, MLS, Tech, aren't
Wall Street's biggest Apple bear sees stock falling to $120
  + stars: | 2023-09-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street's biggest Apple bear sees stock falling to $120Walt Piecyk, Lightshed Partners partner and TMT analyst, joins 'Fast Money' to talk why he thinks Apple could fall as low as $120 per share.
Persons: Walt Piecyk, Lightshed, Apple Organizations: Lightshed Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWells Fargo cuts price target on Disney. Here's what the pros say to do nextJim Cramer, Rich Greenfield of LightShed Partners, Michael Morris of Guggenheim Securities and Joe Terranova of Virtus Investment Partners discussed Disney after Wells Fargo cut its price target on the stock to $110 from $146 but is keeping its 'overweight' rating.
Persons: Jim Cramer, Rich Greenfield, Michael Morris, Joe Terranova, Wells Organizations: Disney, LightShed Partners, Guggenheim Securities, Virtus Investment Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe business of cable has changed from video to broadband, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss how the Charter-Disney clash differs from any of the previous carriage disputes from distributors and networks, the viable price point for ESPN, and much more.
Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: LightShed Partners, ESPN
The offers speak to the unusual nature of the business dispute between Disney and Charter Communications, and doesn't auger a quick resolution. Charter is telling its Spectrum TV customers about a special deal being offered by the Fubo live television streaming service to get two months at discounts of 25% or 30%, depending on the plan. Political Cartoons View All 1145 ImagesDisney, meanwhile, is also offering upset Spectrum customers online links to sign up for other services, like Hulu, Fubo, Sling and YouTubeTV. The business battle resulted in ESPN, ABC, FX, National Geographic and Disney-branded stations going abruptly dark on Thursday night for Charter’s Spectrum TV subscribers. “Could this end up being a watershed event for the linear TV business that also blows up the entire sports media ecosystem?"
Persons: , Phillip Swann, Disney, Rich Greenfield, Greenfield Organizations: ESPN, The Walt Disney Co, Disney, Charter Communications, ABC, Geographic, Charter’s Spectrum, Lightshed Partners Locations: Hulu, New York, Chicago, Los Angeles
After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." Verizon has reached out to Disney about partnering on a new ESPN streaming service, The Information reported. 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.
Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Verizon, Flagship Locations: Orlando , Florida, Sun
After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. He's looking to Disney's IP-driven parks, streaming, and film studios to drive growth. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.
Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Flagship Locations: Orlando , Florida, Sun
Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. For ESPN, it's not as material, but it's helpful — ESPN has locked in a 10-year partner with guaranteed pay so that improves the visibility of ESPN's revenue. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race.
Persons: Bob Iger, Jonathan Miller, Penn, Alex Iosilevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi
Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race. According to the American Gaming Association, sports betting grossed $7.5 billion in gaming revenue in 2022, up 75% from 2021.
Persons: Bob Iger, Jonathan Miller, Penn, Alex Ilosevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi
For Disney, Iger's return was a doctor's-orders scenario. "What is the long game for any pure-play media company in a world where we have tech-driven media companies that are much larger than any traditional media company and have fundamentally different business models?" Will Disney sell TV assets like ABC? Industry watchers have focused on private-equity firms as likely buyers of Disney's TV assets. Are you a Disney insider?
Persons: Bob Iger, Bob Chapek, Iger, Disney, Iger's, Peter Csathy, Tom Staggs, Kevin Mayer, Csathy, they're, He's, Paul Verna, Verna, David Heger, Edward Jones, Heger, Hulu —, it's, Dave Portnoy's Barstool, Will, Evercore, Dana Walden, Alan Bergman, Puck, Disney bigwigs, Mayer, Walden, Bergman, Reed Alexander, Lucia Moses Organizations: Disney, ESPN, Walt Disney Co, Hollywood, Creative Media, Apple, PE, Candle Media, Insider Intelligence, Hulu, LightShed Partners, Penn Entertainment, ESPN Bet, Penn, Yahoo Finance, Will Disney, ABC, Geographic, CNBC, Industry, Disney's, Parks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsolidation is 'clearly necessary' among media companies, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the quarterly earnings results from the major media companies, the decline of linear TV, why companies are looking to deleverage, and more.
Persons: LightShed's Rich Greenfield Rich Greenfield Organizations: LightShed Partners
For Disney, Iger's return was a doctor's-orders scenario. "What is the long game for any pure-play media company in a world where we have tech-driven media companies that are much larger than any traditional media company and have fundamentally different business models?" Will Disney sell TV assets like ABC? Industry watchers have focused on private-equity firms as likely buyers of Disney's TV assets. Are you a Disney insider?
Persons: Bob Iger, , Bob Chapek, Iger, Disney, Iger's, Peter Csathy, Tom Staggs, Kevin Mayer, Csathy, they're, He's, Paul Verna, Verna, David Heger, Edward Jones, Heger, Hulu —, Will, it's, Evercore, Dana Walden, Alan Bergman, Puck, Disney bigwigs, Mayer, Walden, Bergman, Reed Alexander, Lucia Moses Organizations: Disney, ESPN, Walt Disney Co, Hollywood, Creative Media, Apple, PE, Candle Media, Insider Intelligence, Hulu, LightShed Partners, Will Disney, ABC, Geographic, CNBC, Industry, Disney's, Parks
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrouble in the Magic Kingdom? Iger hires former Disney execs as media consultantsHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Rich Greenfield, LightShed Partners co-founder, joins the show to discuss trouble at Disney.
Persons: Iger, Brian Sullivan, , Rich Greenfield Organizations: Disney, CNBC, LightShed Partners
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk has vision to make Twitter into 'an everything app' with X rebrand, says Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss Elon Musk's Twitter rebrand, whether it's the right gamble financially, the state of Meta's Threads app, and more.
Persons: Elon, Rich Greenfield Rich Greenfield Organizations: Twitter, LightShed Partners, Elon
But one company that doesn't seem to be sweating it too much is Netflix. And for all of June , Netflix signed up 3.5 million subscribers, the service's best month since Antenna started measuring it. Netflix's robust global content machine should also help it ensure subscribers still see plenty of fresh content during the strike, at least for the near term. Many writers blame Netflix for making it harder to make a living as a result, one of the conditions that led to the strike. Subs growth for Netflix is increasingly coming from overseas, where lower pricing power could cut into its average revenue per user.
Persons: execs, We've, It's, Mark Mahaney, Wedbush, LightShed, gripes, Jefferies Organizations: Netflix, Hollywood, Disney, Warner Bros, Evercore, LightShed Partners, Microsoft Locations: Hollywood, Netflix's
"The strike is not something we wanted," said Sarandos, whose company is negotiating jointly with competing movie studios like Disney and Paramount whose parent companies also own streaming services. Some big-media companies that own streaming services, like Paramount and Disney, have seen their shares drop even in the renewed bull market of the past year. LightShed Partners analyst Rich Greenfield says Netflix made $6.5 billion last year excluding interest, taxes, and non-cash charges, while rival streaming services at Paramount, Disney and NBC lost more than $8 billion. That's a relatively small number for an industry with revenues topping $70 billion, $31.6 billion of it last year at Netflix. Paramount Global's Paramount+ service lost $1.8 billion last year, but saw losses shrink in the first quarter.
Persons: Mike Blake, Mark Mahaney, Ted Sarandos, Greg Peters, Michael Pachter, Robert Iger, Iger, CNBC's David Faber, Max, Rich Greenfield, Mahaney, hasn't, Jake Urbanski, Jamie Lumley, Peters, Spencer Neumann Organizations: Guild of America, Netflix, Alliance, Producers, Wednesday, Writers Guild of America, Screen, American Federation of Television, Radio Artists, Disney, Paramount Global, Amazon, Wedbush Securities, Television Producers, CNBC, Walt Disney Co, Sun, Paramount, Warner Bros, LightShed, NBC, Hollywood, Moody's Investors Service, Writers ' Guild of America, WGA, Twitter, Hulu, Comcast, Apple Locations: Los Angeles , California, U.S
Netflix's password-sharing crackdown and ad tier are starting to pay off, and over time they can provide a revenue boost. Netflix's robust global content machine should also help it ensure subscribers still see plenty of fresh content during the strike, at least for the near term. Analysts will be looking for more color from Netflix on how subscribers are responding to the password-sharing crackdown and ad tier. And if the strike drags on, Netflix will be impacted at some point by the dearth of new content. Analysts will be waiting to hear if and how Netflix plans to change its content strategy accordingly.
Persons: We've, It's, Mark Mahaney, Wedbush, LightShed, gripes, There's, Jeffries Organizations: Netflix, Hollywood, Disney, Warner Bros, Evercore, LightShed Partners, Microsoft Locations: Netflix's, Hollywood
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEverything in Hollywood is shutting down other than reality TV, says LightShed's Rich GreenfieldRich Greenfield, LightShed Partners co-founder, joins 'Squawk Box' to discuss the state of Hollywood production after contract negotiations with actor's union SAG-AFTRA collapsed late last night, and more.
Persons: LightShed's Rich Greenfield Rich Greenfield, AFTRA Organizations: Hollywood, LightShed Partners, SAG Locations: Hollywood
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