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Its advantage wasn’t lost on Netflix cofounder and former CEO Reed Hastings, who’s namechecked YouTube as a threat to Netflix. YouTube has become a media giant without Hollywood contentMany in media dismiss or overlook YouTube because it doesn’t look like a Hollywood player. Its TV business, YouTube TV, is a bundle of other people’s channels. And YouTube TV is now the fourth-largest pay-TV service in the country, with more than 8 million subscribers. The real threat is that Netflix and YouTube dominate and everyone else fights over a tiny slice of pie.
Persons: It’s, wasn’t, Reed Hastings, who’s, Nielsen, Z, it’s, Gen Z, Forrester, Dan Salmon, Martin Scorsese, Brian Albert, Google's, Neal Mohan, he’s, , YouTube’s, isn’t, can’t, else’s, Piper Sandler’s Organizations: Service, Netflix, Disney, Business, YouTube, Nielsen YouTube, Hollywood, Street Research, Amazon Prime, Google, Hulu Locations: Hollywood
Latino-focused media company Sonoro has raised $12.5 million from Lerer Hippeau, Greycroft, and others. Its pitch deck shows how it turns podcasts into TV and film for Netflix and others. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe Latino-focused media company Sonoro has raised $12.5 million from Lerer Hippeau, Greycroft, and others to turn audio content for English and Spanish speakers into film and TV.
Persons: Sonoro, , it's, Josh Weinstein, Camila Victoriano, Gerónimo, Weinstein Organizations: Netflix, Service, Universal Pictures, Business Locations: Mexico, Ulta
Disney is taking out a $1.5 billion minority stake in the company behind Fortnite. Iger said the move will be the company's "biggest foray into the games space ever." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDisney is teaming up with video game giant Epic Games, taking out a $1.5 billion minority stake in the company behind the smash hit Fortnite, CEO Bob Iger announced Wednesday. In an interview with CNBC, Iger said the company's bet is "our biggest foray into the games space ever."
Persons: Bob Iger, Iger, Organizations: Disney, Service, CNBC, Epic Games, Business
Disney's fiscal first-quarter earnings per share beat expectations and it said its full-year EPS will rise at least 20% from 2023. Iger also unveiled his strategy and timeline for bringing Disney's flagship sports network ESPN into the streaming era. AdvertisementThe company will launch a stand-alone streaming service with ESPN and its sister networks in the fall of 2025, something Iger called "inevitable." Even if there's consumer demand, the JV faces several hurdles, from challenges brought by existing distributors to antitrust opposition, LightShed Partners wrote in a note published ahead of Disney's earnings release. Challenges aside, the new sports streaming strategy is a big step forward for Iger and Disney.
Persons: , Bob Iger's, Iger, Taylor Swift, Nelson Peltz, Bob Chapek's, Peltz's, Disney, Paul Verna, Alpha, LightShed, Iger didn't, Trian, Elon Musk, Gina Carano's, Iger's Organizations: Service, Disney, Epic Games, Peltz's Trian Fund Management, Blackwells, ValueAct, Business, Iger, Insider Intelligence, ESPN, Disney's, Fox, Warner Bros, JV, LightShed Partners, Marvel, CNBC Locations: Moana
The result is ​​Sounds Fun, which they call an AI and innovation studio and announced this month. He also said Sounds Fun would treat artists with respect, using their creative work with their consent and ensuring they're credited and compensated. One of their highest-profile projects at Virtue, and the kind of work Sounds Fun hopes to build on, was Coke's Y3000 project . For Microsoft's developer conference, Ignite, Sounds Fun worked with artists on a variety of AI experiences, including an AI vending machine that made individualized pieces of art and haikus based on people's utterances. Check out slides from the deck Sounds Fun is using to pitch marketers its work with AI and other technologies.
Persons: It's, Iain S, Thomas, Isabel Muñoz Cadilla, Alex Gangi, Martin Magner, they're Organizations: Virtue, Business, Media, Companies
Suma Wealth, a 3-year-old fintech company that combines culturally relevant content and experiences with financial tools to help Latinos build wealth, raised $2.2 million in new funding. Leading the round was Radicle Impact, which was joined by Vamos Ventures, OVO fund, and the American Heart Association Impact fund. She got the idea for Suma during the pandemic when she saw its disproportionate impact on Latinos, Acevedo told TechCrunch. Along with closing the seed round, Suma announced that it had passed 1 million users on its platforms and acquired Intellecto, a platform designed to personalize users' learning experiences. Check out the pitch deck that Suma used to raise its most recent funding.
Persons: Suma, Beatriz Acevedo, Acevedo, they've, Wells Organizations: Vamos Ventures, American Heart Association, Ulu Ventures, Fund, Chingona Ventures, Business, FDIC, Suma, JPMorgan Chase, TechCrunch Locations: Wells Fargo
In fact, the world is brimming with destinations that effortlessly cater to both lovebirds and jet-setting families, merging fine dining, lavish lodging, and kid-approved activities. Go adventuring in St. LuciaSt. Lucia holds a special place in my family's hearts, as one of our first international destinations. Taryn White says that while CrossKeys Vineyard is great for couples, families with kids can also enjoy the atmosphere. Courtesy The Trip Wish ListFor those seeking a luxurious family retreat, there are many options, like Salamander Middleburg in Loudoun County. It also has family suites complete with bunk beds or twin beds, ensuring that everyone has plenty of space to unwind after a day of sightseeing.
Persons: , I've, Lucia St, Lucia, Bean, there's, Walsh, Taryn White, CrossKeys, Paris isn't, Gigi, Angelina Organizations: Service, des Pitons, Gros, Petit, Resorts, Aurora, Aurora Entertainment, Virginia Wine, Veritas, Keswick Hall, Michelin, Jardin du, Jardin des, Louvre Museum, Fish Locations: Maldives, French Polynesia, Caribbean, St, Sulphur Springs, New Jerusalem, Morne, des, Anguilla, Little Bay, Sandy Islands, Zemi, Aurora, Morais, Salamander Middleburg, Loudoun County, Albemarle County, Clifton, Paris, Jardin, Jardin du Luxembourg, Jardin des Tuileries, Hana, Makena
Rupert Murdoch's The Wall Street Journal made widespread cuts to its DC bureau on Thursday in a restructuring that several insiders called a "bloodbath." They were also, however, expected, since staffers had been told a restructuring was coming in preparation for the installation of the Journal's new Washington coverage chief Damian Paletta, who starts February 5. The new Washington bureau will focus on politics, policy, defense, law, intelligence and national security. The expanded Finance & Economics coverage area will unify our reporting on the macroeconomy, global economic trends, monetary policy, credit and banking, and financial markets. Brent Kendall, the law bureau chief, will take on the expanded role of Justice, Judiciary and Law Editor.
Persons: Rupert Murdoch's, Amara Omeokwe, James Graff, Emma Tucker, Tucker, Damian Paletta, Jodi Green, Liz Harris, they'd, Marie Beaudette, Marie, Damian, Brent Kendall, Brent, Emma Organizations: Journal, Business, News Corp, Staff, Finance, Federal Reserve, Economics, Justice, Judiciary Locations: Washington, New York, China, U.S
Gray Television is teaming up with other TV stations to launch a free, local-news streamer, and running Super Bowl ads starring John Stamos to get the word out. Perry's pitch to local stations is that Zeam removes the tech and ad barriers from the process of adapting to streaming. "It's a whole new way for stations to interact with their viewers and reach viewers in other markets," Perry said. At the same time, local TV ad revenue is shifting online. Digital is set to account for 10% of the $23.8 billion local TV ad pie in 2024, or $2.1 billion, per BIA Advisory Services .
Persons: John Stamos, Gray, Jack Perry, Zeam, what's, Perry, Kagan, Andrew Heyward, Syncbak, Perry wouldn't, Mike Braun, there's Organizations: Gray Television, National Association of Broadcasters, CBS, Hearst, Business, Services, CBS News, Netflix, VUit, Super Bowl, Google, Super, Sunday, Amazon, Apple Locations: Gray, Syncbak
Nielsen released data on the most-streamed shows in 2023, and "Suits" came out on top. The analytics firm released its fourth annual end-of-year streaming report, detailing the top television series and movies on streaming platforms in 2023. As a caveat, Nielsen's rankings are by minutes watched — meaning that longer series have an advantage. "Bluey" on Disney+ (43.9 billion), "NCIS" on Netflix and Paramount+ (39.4 billion), "Grey's Anatomy" on Netflix (38.6 billion), and "Cocomelon" on Netflix (36.3 billion) round out the top five. AdvertisementEven the most-watched streaming-original series of the year — "Ted Lasso," with 16.9 billion minutes watched — couldn't crack the top 10 most-viewed television series.
Persons: Nielsen, , Gilmore, Ted Lasso, Lucia Moses, Peter Kafka, it's, I've, Aaron Korsh Organizations: Netflix, Service, Globes, USA Network, Disney, Paramount, Hollywood, Nielsen
Read previewCash-hungry entertainment studios are back in the content licensing game, sending their valuable shows like HBO's "Sex and the City" and Disney's "Grey's Anatomy" back to Netflix. Licensing has historically been a mainstay of entertainment companies, except for a brief period when many hoarded content while they built up their own streaming services. "It's the future," said Dan Cohen, the chief content licensing officer at Paramount. Netflix and other entertainment companies that sought full ownership of content as they built up their streaming services are now becoming more agnostic about it. But, for now, the major entertainment companies don't have much of a choice.
Persons: , Mike Pears, Pears, Jessica Reif Ehrlich, Dan Cohen, Reif Ehrlich, Mitch Metcalf, Metcalf, Meeka Bondy, Perkins, John Hodulik, Tim Nollen, Netflix's, it's, Nollen Organizations: Service, Netflix, Business, AMC, Apple, Warner Bros . Discovery, Paramount, Bank of America, ABC, NBC, Metcalf Entertainment Intelligence, UBS, CBS, Macquarie, Hulu
"Sue Bird: In the Clutch," a documentary on the career and personal life of the WNBA star, wasn't the most buzzed-about film at Sundance. Nike's success could encourage more brands to follow its leadNike has long been a big player in brand-funded films. Many brands dream of getting their films on Netflix, where even relatively small viewership numbers are bigger than they'd get on a rival streamer. Brands often work alongside traditional Hollywood players, which lends credibility to film projects. But the more films like "In the Clutch" get wide distribution, the more other brands could be encouraged to pursue similar storytelling.
Persons: Sue Bird, Werner Herzog, Sarah Dowland, RogerEbert.com, IndieWire, it's, Beckham, Justin Biskin —, Ron Howard, Brian Grazer's, Oscar, Alex Gibney's Jigsaw, Jay Ellis's Organizations: WNBA, Sundance, Entertainment, Business, Netflix, Nike, Iron Entertainment, Apple, HBO, Procter, Gamble, Marriott, Hollywood Locations: Canada, Hollywood
Read previewAmazon is about to shake up the TV ad marketplace as it prepares to show ads to Prime Video viewers starting Monday. The e-commerce giant's entrance into the streaming ad wars is its latest move to grow its $38 billion ads business. Discovery, as well as YouTube, with its big connected TV ad business. An Amazon spokesperson said the company has had a "strong response from agencies" wanting their clients to be first on Prime Video. AdvertisementAnd the launch comes as most TV ad dollars have already been spoken for.
Persons: , Morgan Stanley, it's, execs, Jon Morgenstern, Nielsen, We've, Greg Peters, Dave Campanelli Organizations: Service, Business, Comcast, Warner Bros, Netflix, Amazon, Disney, Intelligence, Amazon Prime, New, Research, Prime, Amazon Channels, streaming's, Horizon, CTV
Read previewWhen Netflix announced it was mulling a ban on password sharing a few years ago, subscribers immediately balked. For years, Netflix turned a blind eye to password sharing, even winkingly encouraging it on social media. Sorry, the password crackdown workedTo the dismay of the #CancelNetflix-ers, the password reckoning has paid off — handsomely. In the third quarter of 2023, Netflix reported that it added 8.8 million subscribers, vastly exceeding expectations. The fourth quarter numbers yielded even better results: 13.1 million global subscribers for a total of more than 260 million, Business Insider's Lucia Moses reported.
Persons: , Nobody, Netflix's, leeching, Insider's Lucia Moses, That's, Jadrian Wooten, Wooten, What's Organizations: Service, Netflix, Business, Disney, Paramount, Virginia Tech, Virginia Tech News
It has been six weeks since President Javier Milei took office in Argentina, and since then, gas prices have doubled, inflation has soared and the value of the national currency has plummeted. Such turmoil, he had warned, should be expected. Yet on Wednesday, many Argentines plan to take to the streets to show they have already had enough. Argentina’s largest labor unions plan a nationwide strike — including workers in transportation, construction, health care, food services, energy and banking — to protest Mr. Milei’s planned overhauls, arguing they would weaken protections for workers and the poor. Pablo Moyano, a union leader, told reporters that Mr. Milei “is crapping on Congress and crapping on workers.” Mr. Milei has shot back that the protest shows “there are two Argentinas” — one stuck in the past and another that “puts us on the path to be a developed country.”
Persons: Javier Milei, Milei’s, Pablo Moyano, Milei, Mr, , Locations: Argentina
The dominant streamer now has more than 260 million global subscribers. The dominant streamer just had its best Q4, adding 13.1 million global subscribers for a total of more than 260 million. This growth widens its lead over newer competitors like Disney+, its closest streaming rival, which trails far behind with 150 million global subscribers. AdvertisementAnd while not every title is a hit, Netflix has enough that it's reached utility status with subscribers. Analysts have questioned how much more growth Netflix can get out of its cheaper ad tier and password-sharing crackdown.
Persons: , Scott Stuber Organizations: Netflix, Disney, Service, Nielsen, Amazon's, Wall Street Journal, WWE
In today's big story, we're looking at what to expect ahead of Netflix's big earnings report. This story is available exclusively to Business Insider subscribers. And as other streamers scramble to figure out long-term business plans, Netflix has been crowned the winner of the streaming wars thus far. Netflix is so big it even has shows from other streamers, a sign of how ubiquitous it has become. AdvertisementGet in touchinsidertoday@insider.comTo read unlimited articles, subscribe to Business Insider.
Persons: , It's, Scott Stuber, Stuber, Insider's Lucia Moses, That'll, dealmaking, isn't, Insider's Peter Kafka, Peter, it's, James Leynse, Griffin's, Shaw, Griffin, Gary Weathers, Morgan Stanley, Tesla, Stellantis, Tommy Parker, They're, Oscar, Zazie Beetz, Jack Quaid, They'll, Tim Spector's, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb, Hayley Hudson, Lisa Ryan Organizations: Service, IRS, Business, Netflix, Netflix Films, Traders, Computer Terminals, Goldman, Getty, UBS, Griffin's Citadel, LCH Investments, BlackRock, Los, Peugeot, Chrysler, Dodge, BI, Balyasny, Management, National Baseball Hall of Fame, MLB Network, Procter, Gamble, Electric, Verizon Locations: Goldman Sachs, Los Angeles, Boston, Suez, Panama, New York, San Diego, London, Edinburgh
Co-CEO Greg Peters said unlike Amazon, where ads will be the default, Netflix didn't 'force' people to see ads. AdvertisementNetflix just took a swipe at Amazon as the ecommerce giant prepares to launch ads in Prime Video starting next week, taking on Netflix for advertising dollars. Now, Netflix is about to face a heavy-hitting new competitor for ad dollars in Amazon, which will launch ads on Prime Video starting January 29. The ecommerce giant will offer much more scale than Netflix from the get-go because it's making ads the default for 115 million monthly users. Peters didn't have to make an explicit comparison with Prime Video to make the point.
Persons: Greg Peters, , it's, Peters, We've Organizations: Netflix, Amazon, Service
Hollywood stakeholders and analysts alike have declared Netflix the winner of the streaming wars — but the celebration may be short-lived as streaming enters a new phase. Analysts can't say for sure how much more subscriber growth Netflix can add through its cheaper ad tier and password-sharing crackdown, though. Plus, Netflix is about to face big competition for ad dollars from Amazon, which will launch ads on Prime Video starting January 29. Also, Big Tech's ability to fund their streaming services indefinitely could keep subscription prices depressed for Netflix, along with everyone else, Bernstein noted. But now that the strikes are over, some analysts predict Netflix will face a bigger content bill going forward.
Persons: Scott Stuber, Forrester, Mike Proulx, Brian Wieser, Evercore, Peacock, Oscar, Ted Sarandos, Netflix isn't, Gen, Bernstein, Jason Bazinet Organizations: Netflix, Business, Disney, Macquarie Research, Paramount, Citigroup Locations: Canada, North America
Discovery's gaming division is on a winning streak with two of the biggest console games in 2023: "Hogwarts Legacy," the year's No. David Haddad is WBD's long-running games chief and the rare top WarnerMedia executive who survived the merger with Discovery (as well as the AT&T ownership era). In an interview with Business Insider, Haddad, who is president of Warner Bros. Interactive Entertainment — a position he's held since 2015 — framed the challenge and how he plans to keep WBD games' streak going. It can take the form of new events to keep people playing a strategy game like "Game of Thrones: Conquest" or new characters and tournaments in a fighting game like "Mortal Kombat." WBD's success with games separates it from other legacy media companies that have stumbled in the arena, most notably Disney.
Persons: , execs, David Haddad, Haddad, We're, Harry Potter, it's, They've, Michael Pachter, Shaggy, David Zaslav, people's, Jefferies, Andrew Uerkwitz, LightShed, Haddad wouldn't, we've Organizations: Service, Warner, Business, Discovery, Warner Bros, Interactive Entertainment, Wedbush Securities, Disney, Netflix, Thrones, EA, Embracer Locations: WarnerMedia
Following is an overview of some of Callas’s career highlights at La Scala. “Aida” (Verdi): April 12, 1950Callas’s very first performance onstage at La Scala was as a substitute for the much-adored Renata Tebaldi, who was unwell. “I Vespri Siciliani” (Verdi):Dec. 7, 1951This was the first time that Callas was headlining a La Scala production — kicking off the opera house’s season, in fact — and it was a triumph. It also “encapsulated so much” of the Maria Callas that audiences have come to know and revere. Musically, she gave it her all, triggering 24 minutes of applause (according to the Edwards biography), a La Scala record.
Persons: Aida ”, Renata Tebaldi, “ Maria Callas, Anne Edwards, Franco Zeffirelli, Callas, , Maria Meneghini Callas, Franco Abbiati, David Bret, Abbiati, ” “ Lucia di Lammermoor ”, Donizetti, Herbert von Karajan, , Lucia, — Callas, barehanded, Cynthia Jolly, , Bret, Violetta, Donizetti’s “ Lucia di Lammermoor ”, Bellini’s “ Norma, Luchino Visconti, Fisher, Maria Callas, Carlo Maria Giulini, Giuseppe Di Stefano, “ Anna Bolena ”, Visconti, Anne Boleyn, Henry VIII, Edwards Organizations: La Scala, Scala, della, Opera, The Times Locations: “ La, Belle
The Spaniard is starting the season unbothered and ready to chase a third IndyCar championship with Chip Ganassi Racing. Midway through his second season, Ganassi said he'd picked up the option on Palou's contract for 2023. McLaren is now suing for an exorbitant figure Palou certainly can't afford, and Palou in his legal response admitted to breach of his McLaren contract in a bid for the legal wrangling to focus only on actual damages Palou owes McLaren. So he sat before AP smiling and totally unbothered by this nearly two-year Ganassi and McLaren tug-of-war over his employment. "Pato can wait for someone to get hurt.”Since Palou's change of mind, McLaren has named Pato O'Ward, their 24-year-old IndyCar driver, as the F1 reserve.
Persons: — Alex Palou, Chip Ganassi’s, McLaren, Chip Ganassi, Lucia, Sebastien Bourdais, Renger van der, Scott Dixon, Palou, Ganassi, ” Palou, it's, he'd, Arrow McLaren, , he’d, wasn't, , Pato, Pato O'Ward, He's, We’ll, we’ll Organizations: DAYTONA, IndyCar, Daytona, IMSA, Ganassi, Associated Press, Midway, Arrow McLaren Racing, Formula, McLaren, AP, Indy Locations: Fla, United States, Formula
Carlyle, the Washington, DC-based alternative asset manager which manages some $382 billion in assets, this week announced that it would install a new chief human resources officer. Jennifer Barker, a partner who's been with Carlyle since 2016 and presently serves as the firm's head of international human resources, will step into the role of chief human resources, taking over for Bruce Larson, formerly a senior human-capital executive at Goldman Sachs who joined Carlyle in 2019, according to a Carlyle regulatory filing. Others include Lúcia Soares, the firm's chief information officer and head of technology transformation, appointed in July; Eleena Melamed, global chief operating officer of investor relations and head of client strategy, appointed in August; and Meg Starr, formerly Carlyle's global head of impact, who became global head of corporate affairs in December. In a Thursday memo announcing the switch, Schwartz said Barker will report to Christopher Finn, Carlyle's chief operating officer, and take a seat on the firm's leadership and operating committees. She is also interested in rethinking how companies deliver feedback to their employees, perhaps through the arcane rite of the performance review.
Persons: Carlyle, Jennifer Barker, who's, Bruce Larson, Goldman Sachs, Larson, Barker, Harvey Schwartz's, Lúcia Soares, Eleena, Meg Starr, Schwartz, Christopher Finn, Jen, that's, we've, Reed Alexander Organizations: Business Locations: Washington, DC, London
The layoffs hit Prime Video and the Amazon MGM Studios division, with many of the cuts related to Amazon's $8.5 billion acquisition of MGM in 2022, the second biggest deal in the tech giant's history. The layoffs, combined with other factors straining the entertainment business — from strikes to content spending pullbacks — have heightened concerns about the future of the company's entertainment ambitions. These are the questions that came up the most about that future, according to conversations with six people close to Prime Video and Amazon MGM Studios. As part of the layoffs, two MGM teams were integrated under Chris Brearton, a business-side exec who joined Amazon with the MGM acquisition in 2022. How will sports impact original content spending?
Persons: what's, Jen Salke, Freevee, didn't, Who's, Chris Brearton, Salke, Mike Hopkins, What'll, there's Organizations: Amazon, Amazon MGM Studios, MGM, Amazon's, Hollywood Reporter, Hollywood, Diamond Sports, MLB, NHL, NBA Locations: Salke, Africa, MENA, Northern, Central
So how do you register to pay the fee if you’re just coming for the day? And how do you register an exemption if you’re staying overnight? Click on pay the fee – you’ll then be taken to a landing page run by Venezia Unica, the city’s official tourism site. If you’re a tourist, you’ll likely be applying because you’re staying overnight. You enter your details and select the place you're staying.
Persons: we’ll, Stanley Tucci, CNN —, It’s, they’ll, you’re, you’ll, Venezia Unica, You’ll, you’ve, , Piazzale Roma, Comune, ” It’ll, , you'll, Riva degli Schiavoni Organizations: CNN, intel, Piazzale Roma, Venezia, Comune, Venezia Santa Lucia, , , Venice, UNESCO Locations: Venice, Murano, City, Venezia Santa, Mestre
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