Amazon founder Jeff Bezos plans to give away most of his $124BN fortune during his lifetime.
27.10.2022 - 20:47 / deadline.com
At 15 million paid subscribers, Peacock isn’t on the same level as other streaming services, but NBCUniversal CEO Jeff Shell says that’s no accident.
“Our long-term aspiration for Peacock is to balance out our overall media business,” Shell said during NBCU parent Comcast’s third-quarter earnings call today. “We’ve said all along that our strategy in streaming is different than some of the premium SVOD players like Netflix and Disney+. We view it as a part of our business. We manage it as one. We make decisions on programming as one, we sell advertising across the business as one. As viewership shifts from linear to Peacock, we want Peacock to get to a level and a scale that causes our business to be balanced as consumer sentiments and advertiser sentiments change.”
At about 30 million monthly active users across free and premium tiers, Shell added, “We’re right on track with what we wanted to do when we built that business.” Investors appeared to agree, sending Comcast shares up 6% in mid-day trading. The quarter overall had pluses and minuses, including an $8.6 million writedown at Sky due to volatility in the UK and Europe and tough comparisons with the Tokyo Olympics quarter a year ago, but the movie and parks businesses were major bright spots for NBCU.
Comcast CEO Brian Roberts added his congratulations to NBCU and the Peacock team on the call, declaring the service has been “super successful” given that it has been in the market for just “a couple of years.”
Assessing how the various parts of Comcast’s overall video business fit together, Roberts said several years ago the management team “saw change coming, and we tried to think like a customer. … Many consumers didn’t want the big video package. Now, we can
Amazon founder Jeff Bezos plans to give away most of his $124BN fortune during his lifetime.
Linda Yaccarino, head of global advertising and partnerships at NBCUniversal, says despite the intense backlash over his two-plus weeks operating Twitter, Elon Musk deserves patience from the company’s advertisers and business partners.
A few hours after a story emerged that indicated there’s little love for him among Twitter workers past and present, the service’s former Twitter CEO and cofounder Jack Dorsey has responded.
Roku has welcomed Netflix into the ad streaming market.
By the time HBO Max merges debuts next spring as a fortified offering encompassing Discovery+, it will have gone three years without any adjustments to its price or the ad experience on the cheaper subscription tier. Get ready for that to change, with Warner Bros Discovery streaming and games CEO JB Perrette indicating prices will head “north” and the ad load could potentially double from its current level.
Lee Jihan is dead following the Seoul, South Korea stampede tragedy.
South Korea’s entertainment industry has postponed several events in the wake of the tragic crowd surge that killed more than 150 people in Seoul’s Itaewon district on Saturday night. The country is in a week-long period of mourning.
Jeff Goldblum is in talks for a key role in Universal’s two-part film adaptation of the hit Broadway musical Wicked, Deadline can confirm. While sources tell Deadline that Goldblum’s deal is “not even close” to sealed, we understand that the actor is eyeing the role of The Wizard.
The Government is poised to extend a windfall tax on energy giants after Shell yesterday revealed “obscene” profits of more than £1000 a second.
The band has a new home: Girls5eva is moving to Netflix from rival streamer Peacock for its third season.
Comcast narrowly beat Wall Street estimates in the third quarter despite volatility in the UK and Europe, tough comparisons with the year-ago Tokyo Olympics quarter and ongoing cord-cutting.
EXCLUSIVE: BBC Studios Productions is pushing further into the ad-funded programing (AFP) space by hiring a dedicated Head of Branded Entertainment.
Liz Truss is out as UK Prime Minister and leader of the Conservative Party following weeks of political chaos in Westminster.
Apink singer Jung Eun-ji has unveiled the tracklist for her forthcoming remake album ‘log’, due out November 2.An official tracklist for the K-pop idol’s solo effort, set to be a remake album, was shared on Apink’s official Twitter page on October 18 at 10pm KST. ‘log’ is set to feature five remade tracks: ‘Blue Whale’ originally by YB, ‘Dream’ originally by Cho Yong-pil, ‘For Love’ originally by Kim Jong-hwan and ‘Around Thirty’ originally by Kim Kwang-seok.The record will be led by title track ‘Journey For Myself’, a song originally released by Korean rock band Buzz as part of their 2005 album ‘Buzz Effect’.
DEALSJess Glynne has signed to booking agency UTA for worldwide representation.Sony Music Middle East and Kuwait-based music company Ghmza have announced a new partnership to produce music and promote emerging Khaleeji pop artists across the Middle East. “We are incredibly excited to partner with the talented team at Ghmza”, says Mike Fairburn, General Manager at Sony Music Middle East.
The Better Angels Society, the Library of Congress and the Crimson Lion/Lavine Family Foundation have set two winners of the fourth annual Library of Congress Lavine/Ken Burns Prize for Film: director Jeff L. Lieberman’s Bella! and Philly on Fire, directed by Ross Hockrow and Tommy Walker. This is the first time that the selection process for the coveted documentary award has resulted in a tie.
Amazon Music will stream Kendrick Lamar's Paris stop on the Mr. Morale & The Big Steppers tour this Saturday, October 22 at 2 p.m. EST.
Marta Balaga Banijay will continue to be innovative and sustainable, CEO Marco Bassetti said at Mipcom. When asked about the company’s future growth, and a recent SPAC deal, he added: “It’s helping us not to lose all the opportunities the market can give us. We have all that we need in order to grow, definitely.” “But our growth should follow a certain strategy. We don’t want to lose our DNA. So far, it has worked.” Last year, the company produced more than 90 pilots. In October, Banijay confirmed the proposed acquisition of Beyond International Limited. Bassetti also commented on Banijay’s takeover of Endemol Shine.
New Fox Entertainment CEO Rob Wade has talked up the potential for TMZ to become a “huge entertainment studio,” setting out his stall at Mipcom Cannes for the first time since he replaced Charlie Collier.
Cynthia Littleton Business Editor Nearly a decade after acquiring the NBA’s Los Angeles Clippers, Steve Ballmer is finally realizing his dream to build a bigger and better TV platform for his beloved basketball franchise. The Clippers today are launching ClipperVision, a regional subscription streaming service that offers six channel options for watching the vast majority of the team’s home and away games – more than 70 out of 84 regular season games. The service will cost $199 per season and is available largely in Southern California. The service’s first live stream bows Oct. 22. with an away-game against the Sacramento Kings. One of the six channel feeds will be dedicated to the team’s traditional linear cable TV coverage via Bally Sports. Two more are dedicated to Spanish-language and Korean-language coverage of live games – with the Korean team anchoring from a studio in Seoul.