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Streaming Wars

AMC Networks to Undergo Layoffs As CEO Exits and Streaming Can’t Offset Linear TV Decline

Shortly after AMC Networks CEO Christina Spade abruptly stepped down after less than three months in the role, the company’s chairman, James Dolan, sent a memo to staff on Nov. 29 forecasting “a large-scale layoff as well as cuts to every operating area.” “It was our belief that cord cutting losses would be offset by […]

‘Top Gun: Maverick’ to Hit Paramount+ in Late December

Top Gun: Maverick is the movie that keeps on giving. The blockbuster will hit Paramount Global’s streamer Paramount+ on Dec. 22, the service unveiled Tuesday. “Paramount+ today announced the #1 film of 2022, Top Gun: Maverick, will be available to stream globally on the service beginning Thursday, Dec. 22, in the U.S., as well as […]

ITV Sets December Launch Date for Ad-Supported Streamer ITVX

U.K. TV giant ITV will launch its new free, advertising-supported streaming service ITVX on Dec. 8, the company unveiled on Monday. It also detailed the debut dates for the streamer’s first original series. ITV, led by CEO Carolyn McCall, originally only promised to bring ITVX, which will replace its ITV Hub, to market in the fourth quarter, […]

Warner Bros. Discovery Stock Falls After Earnings, But Analysts Take Different Views

Finance experts are divided about Warner Bros. Discovery’s stock, which fell to a new 52-week low on Friday. Several Wall Street analysts on Friday stuck to neutral ratings on it, suggesting investors stay on the sidelines for now as the newly merged entertainment giant works through its integration amid economic challenges. But others recommend the […]

AMC Networks Hits 11.1M Streaming Subs, U.S. Ad Revenue Drops 10 Percent

AMC Networks, the cable networks and streaming company behind the likes of AMC, AMC+, IFC, BBC America, Acorn TV and Shudder, recorded a 10 percent drop in U.S. advertising revenue in the third quarter, but its streaming subscribers grew to 11.1 million as of the end of September, up from 10.8 million at the end of June. […]

Netflix Unveils 5 New Turkish Originals

Netflix continues to expand its slate of Turkish originals, unveiling four new series and a new film project. “To date, we have produced more than 30 original series and films in Turkey, making room for new and diverse stories,” said Pelin Diştaş, director of original content (Turkey) at the streamer. “We would like to thank our […]

SkyShowtime Sets Dec. 14 Launch for 7 Central and Eastern European Markets

SkyShowtime, the European streaming joint venture formed by Sky parent Comcast and Showtime owner Paramount Global, has set Dec. 14 as the launch date for its first Central and Eastern European markets.   SkyShowtime CEO Monty Sarhan revealed the news during an on-stage appearance at the brand’s official launch event in Amsterdam, Netherlands on Thursday evening. […]

Peacock, Sky Order ‘The Day of the Jackal’ Series From Carnival Films

Comcast’s Peacock and Sky are partnering on an original drama series inspired by Frederick Forsyth’s espionage thriller The Day of The Jackal and the 1973 film adaptation from Universal Pictures. Screenwriter Ronan Bennett (Top Boy) is attached as writer and showrunner, with Brian Kirk (Game of Thrones, Luther) serving as lead director. The series will be produced […]

WWE Expands Deal With MultiChoice in Africa, Making Streamer Showmax New Home of WWE Network

Sports entertainment powerhouse WWE has extended and expanded its relationship with African pay TV giant MultiChoice with a new TV and WWE Network rights deal that makes streaming service Showmax the new home of WWE Network in Sub-Saharan Africa.  The deal replicates WWE’s deal with Peacock/NBCUniversal in the U.S. for the region. The company has also struck similar deals in Indonesia and the […]

NBCUniversal Third-Quarter Earnings Rise, Peacock Loss Hits $614M, Comcast Takes $8.6B Sky Charges

Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, grew its third-quarter revenue strongly, but its loss widened again, while NBCU increased its earnings for the latest period by more than 20 percent. Studios revenue and earnings jumped, helped by the likes of Minions: The Rise of Gru. Comcast also said that it recorded “noncash impairment charges related to […]

The Roku Channel Launches in Mexico

The Roku Channel has arrived in Mexico. Roku said that its free streaming channel, which is available on Roku devices and offers users access to thousands of movies and TV episodes, including more than 30 Roku originals, launched in the country Thursday. “Launching The Roku Channel in Mexico represents a pivotal moment for our business […]

Netflix VP of International Film David Kosse Departing

David Kosse, Netflix’s London-based vp of international film, is leaving his role at the streaming giant. His exit comes as Netflix is making internal changes to its organizational focus in its broader European region, moving to a regionalized structure in Europe, the Middle East and Africa (EMEA), in line with its setups in Asia and […]