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Verizon Loses 22,000 Video Subs in First Quarter
Verizon Communications April 24 announced it lost 22,000 video subscribers in the first quarter, ended March 31. It lost 13,000 video subs in the previous-year period. The telecom said the losses were...
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Netflix Misses on Sub Growth, Stock Falls
Netflix naysayers and short sellers got their wish July 16 after the market close when the SVOD pioneer disclosed it added just 670,000 net domestic subscribers in the second quarter, ended June 30 –...
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MoviePass Takes Out Emergency Loan, Stock Plummets Further
Helios and Matheson Analytics, majority owner of MoviePass, July 27 disclosed an issue with its payment system to exhibitors that required an emergency loan of $6.2 million. In a regulatory filing,...
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Netflix Unveils Executive Pay for 2019 — and Hastings’ Salary Isn’t the Highest
In the coming year, Chief content officer Ted Sarandos will get the top salary — $18 million — and CEO and chairman of the board Reed Hastings will garner the most stock options — 30.8 million, Netflix...
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Sony Pictures Entertainment Takes Full Ownership of Game Show Network
Sony Pictures Entertainment has acquired AT&T’s minority stake in Game Show Network for $500 million, the two companies announced. SPE now owns 100% of the multimedia entertainment company offering...
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Netflix Breaks Out Subs by Region, Sees Higher Revenue Growth Outside U.S.
Netflix Dec. 16 for the first time broke out revenue and subscriber numbers for three international regions in a filing with the Securities and Exchange Commission. The numbers show higher revenue...
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Roku CFO to Step Down
Roku Dec. 16 announced that CFO Steve Louden plans to step down after helping the company hire his successor. Louden joined Roku as CFO in 2015 and “played an important role in establishing Roku as a...
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Roku Announces Jump in Active Accounts, Streaming Hours in First Quarter
Roku estimated 39.8 million accounts were active at the end of the first quarter, a net increase of nearly 3 million since December 31, 2019, according to a company press release. Roku also announced...
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Walmart to Discontinue Jet.com; Q1 Revenue Up 8.6%
Walmart, the world’s biggest retailer and the largest seller of DVDs and Blu-ray Discs, on May 19 reported it would discontinue Jet.com, which it acquired four years ago to assist in its effort to...
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AMC Networks’ SVOD Services Top 6 Million Subs; Fiscal Loss Increases
AMC Networks’ foray into subscription streaming continues to grow, as do expenses. The media company behind “The Walking Dead” and owner of home entertainment distributor RLJ Entertainment, Feb. 26...
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