Tag: Media

2024-08-18

Streaming is getting more expensive for consumers. Here’s why

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Business

Jaque Silva | SOPA Images | Lightrocket | Getty Images Streaming is finally starting to pay off for media companies, but there’s a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes. Legacy media companies entered the streaming market with a focus on gaining subscribers and competing with category leader Netflix as…

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2024-08-12

Trump Media reports $16 million loss for quarter as revenue falls

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Business

This photo illustration shows an image of former President Donald Trump reflected in a phone screen that is displaying the Truth Social app, in Washington, DC, on February 21, 2022. Stefani Reynolds | AFP | Getty Images Trump Media, the social media company whose majority shareholder is former President Donald Trump, on Friday reported a net loss of more…

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2024-08-10

Paramount Global (PARA) Q2 earnings report 2024

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The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media. Paramount has identified $500 million in cost savings, which include the head count reductions,…

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2024-08-10

Warner Bros. Discovery CEO Zaslav facing pressure to deliver value

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Business

David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. Mike Blake | Reuters Warner Bros. Discovery CEO David Zaslav needs a win. Soon. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is a worthy investment. Warner…

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2024-08-08

Disney (DIS) Q3 earnings report 2024

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Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming businesses turned a profit earlier than expected. Here is what Disney reported compared with what Wall Street expected, according to LSEG: Earnings per share: $1.39 adjusted vs. $1.19 expected Revenue: $23.16 billion vs. $23.07 billion expected The company’s total segment operating income increased 19% to…

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2024-08-07

Disney raises prices for Disney+, Hulu and ESPN+

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Business

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Presley Ann | Getty Images Entertainment | Getty Images Disney is raising prices on its streaming platforms. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month, according to a press release…

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