Industry News

By Anousha Sakoui, Nabila Ahmed, and Spencer Soper August 16, 2018 | Amazon.com Inc. is in the running to acquire Landmark Theaters, a move that would vault the e-commerce giant into the brick-and-mortar cinema industry, according to people familiar with the situation. The company is vying with other suitors to acquire the business from Wagner/Cuban Cos., which is backed by billionaire Mark Cuban and Todd Wagner, according...

By Lucas Shaw August 15, 2018 | YouTube has become synonymous with online video and the lucrative advertising that it commands. Amazon.com Inc.’s Twitch streaming site is the go-to place for the much smaller audience of video gaming enthusiasts. Now, in a bid to grab a larger slice of the online advertising pie, Amazon has decided to aggressively broaden the programming on...

By Alex Weprin August 13, 2018 | In early 2016, NBCUniversal launched an ambitious direct-to-consumer streaming service called SeeSo. The service, which costs $3.99 per month, was filled with both original and acquired comedy content, and marked the company’s first major foray into standalone streaming services. SeeSo ultimately closed its doors in November, 2017. Now, the company is planning a return to the streaming...

By Todd Spangler August 9, 2018 | Hulu’s cash burn has accelerated — its losses in the second quarter of 2018 more than doubled — as the video-streaming venture continues to step up its investment in content and technology to acquire new customers. At this point, questions remain about what will happen next for Hulu once Disney gains majority control of the company, and how the service...

By Sahil Patel August 9, 2018 | As TV viewers spend more time on streaming video platforms, big media companies have gotten more serious about building their own subscription streaming services — or “direct to consumer” products, as the companies call them. That’s led to the creation of new executive roles and responsibilities at companies that historically haven’t sold subscription products to...

By Benjamin Din August 7, 2018 |Alibaba Group Holding Ltd. and the six major Hollywood studios are participants in a $1 billion fundraising round for NewTV, the  mobile-video startup started by entertainment veteran Jeffrey Katzenberg. The goal is to create an app-based subscription service featuring high-quality programming specifically created for mobile devices—usually in chunks 10 minutes or less. NewTV’s launch is tentatively scheduled for...

By Brooks Barnes August 5, 2018 | LOS ANGELES — Very little is known about Disneyflix, as some people in Hollywood are calling the Netflix-style streaming service that Disney plans to introduce late next year. How much will subscriptions cost? Disney has given hints but no specifics. The name, rollout strategy, precise menu of movies and television shows — all still a mystery. But...

By Andrew Liptak August 3, 2018 | Companies like Disney and Warner Bros. already have extensive back-catalogs of material, and have launched their own efforts to bring out their own streaming platforms. Disney’s is expected to launch sometime in 2019, while Warner Bros. will launch DC Universe, dedicated to its superhero franchises, later this fall. Both services will help bring all...

By Ryan Faughnder August 2, 2018 | In a surprise move that could have major implications for Hollywood, the U.S. Department of Justice is scrutinizing antitrust rules that for decades have governed the way movie studios do business with theaters. The Justice Department on Thursday said it has opened a review of the so-called Paramount consent decrees, which have regulated the ways...

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