For the first time in more than a decade, Netflix Inc reported a loss citing the war in Ukraine, and fierce competition which led to a loss of subscribers; it has also forecast deeper losses ahead, marking an abrupt shift… Read More ›
Netflix Inc
Pershing Square Capital Management takes new position in Netflix Inc
With Netflix Inc’s shares touching a new low last Thursday, William Ackman has built a new stake worth $1 billion in the streaming service company. In a message to investors, Ackman said his hedge fund, Pershing Square Capital Management, had… Read More ›
ViacomCBS restructuring Paramount Pictures
A report from the Wall Street Journal citing sources familiar with the matter at hand as saying, ViacomCBS Inc is in the process of revamping the operations of its Paramount Pictures movie and television production unit under a broader management rejig…. Read More ›
Netflix hires Mike Verdu, ramps up efforts to grow beyond video streaming business
On Thursday, in a statement Netflix Inc said, it has hired a former Facebook executive to lead its video games unit. The development comes at a time when the company is ramping up its efforts to grow beyond its traditional… Read More ›
Canal+ to launch Disney+ in France through an exclusive deal before April 2020
In a joint interview to the French news daily Les Echos, Walt Disney Co and Vivendi SA stated, Disney+ streaming service will be launched on Vivendi SA’s pay-TV business Canal+ platform by the end of March 2020. Traditional media companies… Read More ›
Viacom and AT&T renew carriage contract, avoids blackout of DirectTV
AT&T, Viacom’s largest distributor, opined that Viacom’s channels are no longer as popular as they once were; AT&T was responsible for 15% of Viacom’s 2018 revenues. Although the terms of the deal have been disclosed, it would not be very… Read More ›
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