Its streaming subscriber base shrank in the latest quarter as a result of the launch of Max.   Warner Bros. Discovery streaming service will add news and live sports events in the US territory. Chief Executive David Zaslav said the company was in a position to turn its attention to news and sports after the launch last May of its streaming service, Max, which combines the company’s two main streaming platforms, HBO Max and Discovery+. “News and sports are important [...]

Lionsgate acquires Hasbro EOne TV and Film Operations Division.   The deal, of around 500 million dollars, will be finalized in November. Nearly four years ago, in August 2019, Hasbro announced its intent to acquire Entertainment One (eOne) in a $3.8 billion deal. Now Lionsgate has acquired from Hasbro eOne TV and film operations for approximately $500 million. The transaction will be finalized by the end of the year. According to a press release from Hasbro, "The sale will include [...]

Several major media companies — including Paramount Global, News Corp, and Disney reported their quarterly results.   DISNEY The Walt Disney Company's earnings report revealed revenue struggles in most areas, except for international parks. The company reported quarterly revenue of $22.3 billion, slightly lower than the expected $22.5 billion as estimated by Refinitiv. Revenue in linear television further declined, dropping by 7% compared to the same quarter last year. During the call, CEO Bob Iger announced the company is hiking [...]

Even if it has received a waiver from SAG-AFTRA.   "I love this movie, but I do not feel that it would be appropriate for this production to move forward during the strike." Viola Davis said no to filming her upcoming action-thriller G20 during the ongoing actors' and writers' labor strikes, even though the movie obtained a SAG-AFTRA waiver. The Oscar-winning actor's move comes amid scrutiny over the guild's decision to exempt some productions from the strike that are not [...]

Mattel and Warner Bros. renewed their licensing deal for dolls and games.   Barbie's movie success made it clear: Mattel and Warner Bros. Discovery will stay in business together for years. Mattel CEO Ynon Kreiz says more Barbie Film & TV projects will come: "It's probably a bit early to talk about sequels, but obviously, with the success of the film…that would invite more opportunities," Kreiz said on a conference call after the toymaker's quarterly earnings. "We operate in an [...]

Movies around 20%.   The viewing of Netflix's international content has grown 30% over the last weeks. The spike comes as talent strikes grind Hollywood to a halt, and Netflix's English-language shows continue to tank. "Nexttv.com" recently compared the viewing time of the past seven weeks to the same period of 2022, and the results are quite remarkable: non- English TV series titles saw a significant 30% increase, and the total hours viewed for foreign-language films rose by approximately 20%. [...]