According to information reported by specialized websites The Information, Variety and others, Amazon, owner of Prime Video, one of the most relevant platforms in the streaming market, is holding negotiations to acquire Metro-Goldwyn-Mayer Studios (MGM), a US company focused on producing and distributing movies and TV shows. Although Amazon and MGM have not expressed themselves [...]
Reed Hastings, CEO at Netflix, gave an interview to the specialized website Variety due to the launch of his new book ‘No Rules Rules: Netflix and the Culture of Reinvention’. In it, the executive analyzed various topics related to Netflix and the industry, such as the impact of the pandemic, the production of Netflix original [...]
As part of the Fox acquisition, Disney announced it will be rebranding its TV studios. This way, 20th Century Fox Television becomes 20th Television; Fox 21 Television Studios will now become Touchstone Television; and ABC Studios and ABC Signature will merge as ABC Signature. As reported by the specialized website Variety, the removal of the [...]
Disney+, the new Disney SVOD OTT officially launched in November last year, increased its downloads globally this past weekend by 46%, after ‘Hamilton’, a movie based on the Broadway music show, was officially released on the platform this last Friday, July 3rd. As reported by the specialized website Variety, based on data from the Apptopia [...]
Netflix announced it is expanding the industry workers relief fund it has announced in March, from USD 100 million to USD 150 million, as reported by the specialized website Variety. Of the USD 100 million initially announced by Netflix, USD 85 million would go to workers from its own productions, which are cancelled by the [...]
Research company Nielsen projecting a spike in overall TV usage in the U.S. of around 60%, with people at home amid Coronavirus-fueled social distancing. According to the company, streaming video usage is projected to increase by 61%. Nielsen said its analysis is based on TV usage data from two recent events: during a January 2016 [...]
Fox Corporation announced it has acquired the AVOD OTT Tubi for USD 490 million. The agreement for the acquisition includes USD 440 million to be paid cash, and the remaining USD 50 million in additional payments in the form of deferred consideration over the next three years. Last January, Tubi had made its official arrival [...]
Chile’s Screen Capital is launching a $20 million venture capital fund targeting principally TV series and movies with part streaming platform distribution. To launch in March, it is Chile’s first private investment fund specializing in the audiovisual and entertainment sector, and focuses on productions from the Spanish-speaking world, as reported by the specialized media Variety. [...]
As reported by the specialized media Variety, Roku plans to deploy itself in multiple new territories in the coming months, and one of the new markets for the company could be Brazil. Earlier this month, the company explained its plans to enter Brazil in job offers, which indicated that it was looking to hire people [...]
As reported by Variety, Disney is having ‘active conversations’ with AT&T to buy Warner Medias’ 10% that is owns in Hulu since 2016. In November 2018, when Warner Media announced its plans to launch its OTT, AT&T executives confirmed to be interested in sailing that 10%, valued at USD 930 million. If the acquisition is [...]