News Brief
May 29th – June 4th
Verizon’s new streaming bundle offers Netflix Premium and Paramount+ with Showtime for $26
Disney to Take $1.5 Billion Content Write-Off Charge in June Quarter After removing dozens of shows and movies from Disney+ and Hulu last week, said it will incur a $1.5 billion impairment charge for the June quarter.
Netflix shareholders vote to reject executives’ pay packages Netflix shareholders rejected the pay packages for top executives at the company, including co-CEO Ted Sarandos, former co-CEO Reed Hastings, and Greg Peters, who was COO of the company last year and was elevated to the co-CEO role earlier this year.
AMC Theater Chain Rolls Its TVOD Into Vudu AMC Entertainment’s streaming service is migrating its users to Vudu. The companies announced today that Vudu is “the official new streaming platform for consumers of AMC Theatres on Demand.”
All3Media Up For Sale From Warner Bros. Discovery, Liberty Global Liberty Global and Warner Bros. Discovery are considering their future involvement in All3Media, the UK’s leading independent TV production company. According to Reuters, quoting three people familiar with the matter, one possible option will be selling their stakes in the joint venture in a deal worth over £1 billion (€1.16 billion). It adds that another would be for one to buy the other out.
Vimeo to shut down all of its TV streaming apps later this month The company is ceasing support for Apple TV, Android TV, Amazon Fire TV and Fire TV Stick, and Roku as of June 27, 2023.
New DirecTV Stream customers will receive priority registration for Telly 55” Dual-Screen TV Telly and DirecTV Stream have signed an agreement that will give new DirecTV Stream customers priority access to the Telly waiting list to get a free 55” 4K dual-screen television.
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IPL Ad Revenue: Digital outperforms TV; JioCinema rakes in ~Rs 2,300 crore The official streaming partner for Tata IPL 2023 has garnered approximately Rs 2,300-2,500 crore in advertising revenue. Insiders estimate television ad revenue to be around Rs 1,800-2,000 crore.
JioCinema experienced a fourfold surge in penetration during IPL 2023 Viacom18-owned streaming platform Jio Cinema’s penetration has grown by almost 4X to 40.26% on the back of free streaming of the Indian Premier League (IPL), says research by Bobble AI, a conversation media platform. Prior to the start of the IPL season, the platform’s penetration stood at 10.73%.
Amazon Prime Video Brings Animax + Gem, Japanese Entertainment to India
JioCinema and NBCUniversal Forge Multi-Year Partnership, Expanding their Content Offering
May 16th – 28th
Netflix’s ad-supported plan (AVOD) has nearly 5 million monthly active users
YouTube to start 30-second unskippable ads on CTVs
Disney is preparing a standalone ESPN streaming service
Disney will reportedly continue to offer EPSN as a TV channel even after breaking it out into its own streaming service.
Comcast Launches $20 Monthly Streaming Service Now TV, With 60-Plus Channels and Peacock
Cinedigm Rebrands to Cineverse
As per the company, the corporate name change is an important step forward in the Company’s evolution into a streaming content and technology company – focused on transforming the way people discover and interact with a universe of films, television series and other streamed content.
Warner Bros. Discovery Unveils ‘WBD Stream’ Digital Video Product Suite for Advertisers
ViX’s premium tier is now accessible as a Premium Subscription on Roku
ViX, the leading Spanish-language streaming service, offers a diverse range of Spanish programming across various genres and formats. From movies and series to novelas, realities, musical tentpoles, live news, and sports, ViX boasts an extensive content library. For a monthly fee of $6.99 or an annual fee of $59.99 (with a seven-day free trial), Roku users can easily subscribe to ViX’s premium tier.
Netflix rolls out password-sharing crackdown in the U.S
Members can transfer a profile of someone outside of their household so that the person can begin a membership they pay for on their own. Or they can pay an extra fee — $7.99 a month — per person. Netflix has said that more than 100 million households share accounts, which is about 43% of its global user base.
By integrating Cloud Video Kit and the Bitmovin Player, they provide an all-in-one solution that incorporates Cloud DRM capabilities.
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Disney+ Hotstar leads premium VOD consumption with a 38 percent market share in India
The combined Zee and Sony group had a 13 percent share (Zee5 – 7% , SonyLIv – 6%). Prime Video and Netflix had an aggregate 10 percent share (Prime Video – 5% and Netflix – 5%) based on the data from last 15 months.
JioCinema, Voot merger in final stages
The companies are waiting for the ongoing season of the Indian Premier League (IPL) to conclude before finalising the merger.
May 8th – 15th
Disney Plus Will Start Adding Hulu Content as Part of ‘One-App Experience’
CEO Bob Iger announced that the company will combine Disney+ and Hulu content in a “one-app experience” by the end of 2023. Each service, however, will remain available separately.
Disney+ lost 4 million subscribers in the last quarter, now has 157.8 million subscribers.
Hulu gained 200,000 subscribers to reach 48.2 million, and ESPN+ grew by 400,000 to reach 25.3 million.
Dish lost 552K pay TV subs in Q1, 2023, up from 462K a year earlier
Amazon miniTV collaborates with Meta
Amazon miniTV, a free video streaming service on Amazon’s shopping app and Fire TV, partnered with Meta. Creators will promote and feature in upcoming shows on miniTV through this unique collaboration.
CABSAT to host 75+ speakers from broadcast and satellite industries
ThinkAnalytics to support Go3 with personalized content recommendation
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May 1st – May 7th
Q1 Financial results
Warner Bros. Discovery Sees Q1 Loss of $1.07 billion. Attributes $1.81 billion costs to merger
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India’s SonyLIV and Applause Extend Partnership, Renew ‘Fauda’ Adaptation ‘Tanaav’ for Season 2
