Freevee, the ad-supported video streaming service owned by Amazon is getting shut down. The service was available in the U.S, U.K., Germany and Austria and was originally launched under the IMDb brand almost five years ago, but now, Freevee will be phased out over the course of next few weeks. For the platform’s existing content, […]
Amazon to Shut Down Freevee, Ending Five-Year Run of Ad-Supported Streaming Service Read More »
On Thursday, The Walt Disney Company, Reliance Industries Ltd. (RIL), and Viacom18 Media Pvt. Ltd. announced that the merger of Viacom18’s media assets and JioCinema with Star India is now finalized, establishing a significant joint venture in the Indian media sector. Additionally, RIL has contributed approximately $1.4 billion to support the joint venture’s future growth
Disney, Reliance, Viacom18 Finalize Merger, Forming India’s Entertainment Powerhouse Read More »
For the quarter ending September 30, 2024, Sun TV Network reported an 11.92% decrease in its consolidated Profit After Tax (PAT). The PAT for the period was Rs. 409.32 crore, down from Rs. 464.69 crore in the same quarter last year. Furthermore, compared to Rs. 1,048.45 crore in the same period last year, Sun TV
Sun TV Network’s Quarterly Profit Declines Nearly 12%, PAT at Rs. 409.32 Crore Read More »
Star India announced their revenue report for the financial year that ended on March 31, 2024 (FY24) and the results are not good, to say the least. The Walt Disney-owned company reported a decline of 6.19% in operational revenue, down from INR 19,812.6 crores last year to INR 18,587.13 crores. Advertising and subscription revenue also
Star India’s Operational Revenue Falls 6.19% in FY24, Drops to INR 18,587 Crores Read More »
Warner Bros. Discovery (WBD) and Amazon’s Prime Video have extended their partnership, enabling WBD’s streaming service, Max, to be offered as an add-on subscription via Prime Video. This expansion will be available in Sweden and the Netherlands where the service is branded as HBO Max, and will be accessible to subscribers starting Monday. Notably, by
Warner Bros. Discovery Expands Max with Prime Video Add-On in Sweden and Netherlands Read More »
Nitin Burman has been appointed as the new Chief Revenue Officer (CRO) of Balaji Telefilms. With more than a decade of experience in marketing, sales, and revenue management, Nitin brings extensive expertise to the role. His background includes working with several leading companies in the media and telecom sectors. In his role as Chief Revenue
Balaji Telefilms Appoints Nitin Burman as Chief Revenue Officer Read More »
With declines in its TV and film segments, Paramount Global reported mixed third-quarter financial results. However, executives emphasized strong subscription growth and profitability at Paramount+, as well as effective cost-reduction measures, as indicators that their strategic approach is yielding positive results. Notably, reflecting a 6% year-over-year decline Paramount Global reported Q3 revenues of $6.73 billion.
Paramount Global Adds 3.5 Million Streaming Subsribers in Q3 Amid 6% Revenue Decline Read More »
AMC Networks, which operates cable channels like AMC, IFC, and Sundance TV and streaming services including AMC+, Shudder, and Acorn TV, reported a 10% decline in U.S. advertising revenue for the third quarter, totaling $133 million. The company also saw a 13% decrease in quarterly affiliate revenue to $164 million, attributed primarily to a drop
By the end of September, Warner Bros. Discovery reached 110.5 million global streaming subscribers spanning its platforms Max and Discovery+. This marks an increase of 7.2 million users from 103.3 million subscribers at the end of June. The company highlighted that this growth is its largest quarterly increase since Max launched and has led to
Warner Bros. Discovery’s Streaming Growth Soars, Subscriber Count Reaches 110.5M Read More »
Lionsgate has published its financial results for the second quarter, marking the first report since it spun off its studio business into an independent, publicly traded entity earlier this year. Notably, Lionsgate reported a revenue decline to $948.6 million, in its latest financial quarter, down from $1.01 billion in the same period last year. Despite
Lionsgate Reports Revenue Decline, CEO Calls Quarter “Disappointing” Read More »
