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The Media Needs a Reinvention Not Just a Wake-Up Call After Trump’s Surprise Win
The media can’t just pivot into the next cycle of looking around the room and asking “what just happened?” as if it had nothing to do with it
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Waxword
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Tech’s Winners and Losers From Trump’s Election | Commentary
Prediction markets thrived, Elon got his wish, Facebook sat out, podcasts dominated and Silicon Valley mattered.
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Tech
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Sony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 Billion
The company posted a 69% increase in net income and 3% boost in revenue for its second quarter of 2024, weighed down by lower results at Sony Pictures Entertainment
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WrapPRO
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Why Trump’s Victory Will Spur Tech Deals, Ease Scrutiny on AI and TikTok | Analysis
Analysts also project a key wild card for Big Tech will come from Trump cheerleader Elon Musk
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2024 Election
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Sundance Shakeup: Has Price Pushed the Festival Off the Mountain?
The Sundance Institute has narrowed down their choices for the new host city to three: Boulder, Cincinnati and Park City/Salt Lake City
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Movies
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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business
Streaming subscribers grew 5% in the third quarter of 2024 and now total 11.8 million
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WrapPRO
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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WrapPRO
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News Corp. Profits More Than Double to $144 Million Behind Strong Q1 Subscription Growth
The Murdoch-led media company reported 5.9 million Dow Jones subscribers, up 11%
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Media
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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‘Tracker’ Takes No. 1 on Linear TV Chart for a 2nd Week — A Rare Feat for Scripted Series
On streaming, “The Penguin” claims its seventh week atop the chart
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WrapPRO
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From ‘NCIS’ to ‘Avatar,’ How Licensed Content Is Netflix’s Secret Weapon for Low Churn | Chart
As of September, licensed titles account for nearly half of the demand for Netflix’s TV catalog
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‘Lioness’ Season 2 Becomes 4th Biggest Paramount+ Premiere, Reaching 3 Million Households in First 7 Days | Exclusive
The Taylor Sheridan drama also saw a 116% lift in views on social compared to Season 1
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TV
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Under Trump 2.0, Hollywood Sees a Wave of Consolidation and Looming Censorship
His reelection comes at a precarious moment for Hollywood, when legacy studios are severely tightening their belts
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WrapPRO
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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News
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Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant’s overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% dip in profit
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TV
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