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Regional Sports Networks Plot Streaming Future Without Pay TV Bundle

Live sports are the glue keeping the pay TV bundle intact. It’s a refrain that’s become so common over the last decade, that it is easy to take it for granted. Even as consumers increasingly turned to streaming services for their entertainment needs, sports and news have remained stubbornly tied to legacy bundles, with executives […]

Netflix Reset: After Layoffs, Reed Hastings Promises “Significant” Investments, but Where?

Netflix is in the midst of a reset, expanding its content purview and its core business model in ways that would have been unthinkable just a couple of years ago. At the same time, the company is facing new pressure, with subscriber growth stalled and competition that is catching up quickly. That is the background […]

Apple Strikes 10-Year Deal for Major League Soccer Rights

In its most expansive move into live sports yet, tech giant Apple will become the exclusive home for Major League Soccer matches globally beginning in 2023. Apple will launch a new MLS streaming service that will include every game, with “a broad selection” of matches and the Leagues Cup available as part of the Apple […]

Netflix Hires New Accounting Chief

Netflix has hired a new executive to oversee its accounting, taking over the responsibility from Netflix CFO Spencer Neumann, and effectively succeeding JC Berger, who had been the company’s global controller. Ken Barker, most recently a finance senior vp at video game giant Electronic Arts, will become Netflix’s “Principal Accounting Officer,” reporting to Neumann, who […]

How Big Is the Upside On Ad-Supported Streaming? Banff Panel Debates

As consumers battle rising subscription costs for online video-on-demand services, free, ad-supported streaming platforms, or so-called FAST channels, are embracing their own time in the sun, the Banff World Media Festival heard on Monday. “We live in a very big saturated marketplace and there is a lot of demand inside the on-demand environment for audiences,” […]

Netflix Stock Tumbles After Goldman Downgrade, Price Target Cut

Netflix stock fell sharply on Friday after Goldman Sachs downgraded its shares to “Sell,” from “Neutral,” amid a threat of a “consumer recession.” Stock in Netflix tumbled by $9.07, or nearly 5 percent, to $183.74 in late day trading following analyst Eric Sheridan cutting his price target for company shares to $186 from $265 each […]

Boston’s NESN Offers Break From Cable Bundle With Streaming Service Launch

Boston’s NESN, the regional sports network that televises Red Sox and Bruins games, will be the first RSN to offer its full slate of programming directly to consumers through a streaming service, allowing them to bypass the pay-TV bundle. Called NESN 360, the service will cost $29.99 per month or $329.99 per year (each after […]

Donald Trump’s Media Company Seeks “Cancelled” Shows, News and Podcasts for Its Subscription Streaming Service

Former President Donald Trump appears intent on launching a subscription streaming video service, even as his company’s flagship product Truth Social has thus far failed to take off. Trump Media and Technology Group, led by CEO Devin Nunes, is actively beginning to build out the streaming service, and a securities filing Friday details what the […]

Video Saved the Theater Star: How a Digital Capture Boom Is Bolstering Pandemic-Era Broadway

It’s a Wednesday evening in April, and Girl From the North Country director Conor McPherson is taking part of his break in an empty seat on the Belasco Theatre’s mezzanine. Before this, the playwright had spent much of the day fixed in various parts of the W. 44th Street venue’s orchestra amid a mass of […]

TelevisaUnivision Bets on Streaming … and Linear TV, in Upfront Push

While every network presenting at this year’s upfronts are highlighting their streaming wares and linear offerings, executives from TelevisaUnivision are approaching sales meetings with an ace up their sleeve: Its linear TV ratings are on the rise. “We are up 7 percent across our portfolio in primetime. That alone is a statement in itself,” TelevisaUnivision […]

Warren Buffett’s Berkshire Hathaway Acquires $2.6B Stake in Paramount Global

Warren Buffett is making another bet in the streaming wars. The billionaire’s company, Berkshire Hathaway, disclosed in a securities filing on Monday that it has acquired about $2.6 billion worth of stock in Paramount Global, the owner of CBS, MTV, Nickelodeon, Showtime and Comedy Central, and the operator of the Paramount+ streaming service. The deal […]

Telemundo Bets on World Cup to Kick Off Streaming Push

Telemundo is no stranger to streaming video. It’s been in the space for a decade, often as a producer of content for other services. This year, however, the NBCUniversal-owned Spanish-language media company is planning a renewed push into streaming, with a slate of content and new streaming brands that it will fully control. Those launches […]