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The NFL already has a vast film library—NFL Films—that it uses to create content for its NFL Network and other platforms. The National Football League and Skydance Media are teaming up to create sports-related content, the NFL’s latest push to broaden its business beyond football and move into mainstream entertainment. The NFL’s investment arm 32 Equity and Skydance Media each will make substantial investments into Skydance Sports, a unit of the production company that will become the vehicle for the co-venture, the league and Skydance said. Terms of the venture weren’t disclosed.
Scott O’Neil, shown in 2016, says he wants Merlin Entertainments to pursue partnerships with companies whose intellectual property would be a good match for its parks. Merlin Entertainments, the British-based theme park and resort operator, has tapped veteran sports and media executive Scott O’Neil as its new chief executive. Mr. O’Neil succeeds Nick Varney , who announced his plans to retire earlier this year after more than two decades at the helm.
Analyzing ratings for Amazon Prime Video’s “Thursday Night Football” has become as complicated as the rules National Football League referees use to determine what is a catch and what is an incomplete pass. In the eight weeks since its streaming service became the primary home of “Thursday Night Football” at the start of the season, Amazon.com Inc. said its games averaged 11.8 million viewers. Nielsen Holdings PLC, the ratings firm that Amazon hired earlier this year to help track the games’ viewership, puts that number at 10.1 million.
Warner Bros. Discovery exceeded forecasts for subscribers in the latest quarter while other streaming companies have struggled. Warner Bros. Discovery Inc. posted revenue below analysts’ estimates, reflecting challenges from a weaker advertising market due to rampant inflation and charges related to its merger. The New York-based media giant, which in April completed a megamerger with the WarnerMedia business of AT&T Inc., posted revenue of $9.82 billion due to less demand in the ad space.
Warner Bros. Discovery Inc. is speeding up the launch of a combined HBO Max/Discovery+ streaming service, a decision that comes as the company is facing growing pressure on its traditional media businesses from cord-cutting and a slowdown in advertising. Speaking to analysts to discuss the company’s latest quarterly results, Chief Executive David Zaslav said: “While we have lots more work to do, and there are some difficult decisions still to be made, we have total conviction in the opportunity ahead,” adding that the as-yet unnamed service would become available in the U.S. in the spring, sooner than the previously announced summer release.
Warner Bros. Discovery Marriage Hurt by High Debt, Low Morale
  + stars: | 2022-11-02 | by ( Joe Flint | ) www.wsj.com   time to read: 1 min
Shares of Warner Bros. Discovery, which reports its quarterly results Thursday, have fallen about 46% since April. David Zaslav declared it a “bright shiny day’’ after the deal to merge his cable programming juggernaut Discovery Inc. with AT&T Inc.’s WarnerMedia unit closed last April. It has been anything but that for Warner Bros. Discovery Inc. and the new chief executive of the media giant, whose holdings include movie and television studios, CNN and HBO, and Discovery channels such as Food Network and HGTV.
Netflix Inc. is rolling out an ad-supported tier of service in a dozen countries as it continues talks with major studios, capping a seven-month sprint between the streaming giant’s announcement about entering the ad business and the product’s debut. The Los Gatos, Calif., company has so far secured big-name advertisers for its initial launch and hired new senior ad industry executives to help develop its business, but it continues to haggle with several major studios for the right to run ads against their content in the new service or put their content on the ad tier, according to people familiar with the matter. The service is scheduled to launch Thursday in the U.S.
The National Football League is in advanced talks to give Google’s YouTube exclusive rights to NFL Sunday Ticket, a subscription-only package that allows football fans to watch most Sunday afternoon games, people familiar with the matter said. An agreement could be reached as early as Wednesday, following a meeting of NFL owners, who approve rights deals.
Fox Logged Higher Revenue as Political Ads Rolled In
  + stars: | 2022-11-01 | by ( Dean Seal | Joe Flint | ) www.wsj.com   time to read: 1 min
Fox Corp.’s advertising revenue rose partly from higher political advertising sales at Fox’s television studio and higher prices across the company’s news and sports brands. Fox Corp. Executive Chairman and Chief Executive Lachlan Murdoch touted the value of scale on a call with analysts Tuesday to discuss results for the company’s most recently completed quarter. “Our peers are getting bigger,” Mr. Murdoch said. Scale, he added, lends flexibility in many ways.
Warner Bros. Discovery said it expected to incur as much as $4.3 billion in pretax restructuring charges through 2024, the result of a cost-cutting effort following the combination earlier this year of Discovery Inc. and AT&T WarnerMedia unit. The majority of the charges—between $2 billion and $2.5 billion—are tied to restructuring the company’s content operations, including writing down the value of some content and killing off projects that were in development, Warner Bros. Discovery said in a securities filing Monday. The company is expected to report third-quarter earnings Nov. 3.
Amazon Will Stream an NFL Game on Black Friday Next Year
  + stars: | 2022-10-18 | by ( Joe Flint | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/amazon-will-stream-an-nfl-game-on-black-friday-next-year-11666120631
When News Corp split up nearly a decade ago, executives at the companies said each side would benefit from an increased focus on its business. Nearly a decade ago, Rupert Murdoch decided it was a sound strategy to split his media empire in two. Now, he wants to put it back together. People familiar with Mr. Murdoch’s proposal to reunite Wall Street Journal parent News Corp and Fox News parent Fox point to a number of differences—within the companies, the industry and the Murdoch family—between now and when they were split in 2013.
Joshua Palmer of the Los Angeles Chargers catches a pass during the “Thursday Night Football” game carried on Amazon.com’s Prime Video last week. About 13 million people watched the first “Thursday Night Football” regular-season game to be available primarily on Amazon.com Prime Video streaming service, according to Nielsen data. Last week’s game, between the Los Angeles Chargers and Kansas City Chiefs, was also broadcast on local television in the markets of the two teams, and was available free of charge on Amazon Twitch streaming platform. Nielsen’s 13 million audience number includes these viewers, as well as people watching the game outside of their home—in sports bars, for instance—and on NFL+, the National Football League’s own streaming service.
Surge in Newsmax Ratings Shook Fox News, Then Faded
  + stars: | 2020-11-07 | by ( Joe Flint | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/surge-in-newsmax-ratings-shook-fox-news-then-faded-59e1e373
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