Industry News

By Carolyn Giardina July 26, 2018 | Technicolor is shutting down its feature film sound and immersive sound units by the end of the year, after honoring current commitments to clients, The Hollywood Reporter has learned. The company intends to refocus its sound resources on sound for episodic series and other streaming content. It will also concentrate its production services on VFX and color...

By Todd Spangler July 23, 2018 | Sony Pictures Television is looking to sell a piece of Crackle, with the aim of growing revenue at the free, ad-supported streaming network and making it more competitive. Mike Hopkins, the former Hulu chief who joined Sony Pictures Television as chairman last fall, outlined the potential move to bring in an equity partner for Sony Crackle in a memo to staff...

By Cynthia Littleton Jul 19, 2018 | As it moves closer to completing its acquisition of 21st Century Fox assets, Disney is preparing to overhaul the leadership of Disney/ABC Television Group. 21st Century Fox president Peter Rice and Fox Television Group chairman Dana Waldenare slated to relocate to Disney in senior posts overseeing TV operations. Current Disney/ABC TV Group president Ben Sherwood is expected to transition to a new role at...

By Gerry Smith and Anousha Sakoui July 19, 2018 | Following a bidding war with Disney, Comcast concluded that the price for the Fox assets was too high, according to a person familiar with the matter who asked not to be identified because the decision process was private. Another hurdle was the regulatory requirement to divest Fox’s regional sports networks as part...

By Todd Spangler July 19, 2018 | Walmart is in fact looking at entering the subscription-video space to compete with Netflix, Amazon and Hulu, sources confirmed — and the retailing giant is planning to launch the service through its Vudu digital-entertainment division, Variety has learned. Vudu has set plans to launch a low-cost subscription video-on-demand package in the fourth quarter of 2018, according to sources. The SVOD service would...

By Stephanie Prange July 16, 2018 | Trade publication Media Play News chose 12 "captains" of the industry to profile in its inaugural  Women in Home Entertainment issue, out this week. Among those it puts in the spotlight: (above, l. to r.) Warner Bros. Home Entertainment's Jessica Schell, Sony Pictures Home Entertainment's Lexine Wong, 20th Century Fox Home Entertainment's Julia Howe, Movies...

By Jessica Toonkel, Tom Dotan and Priya Anand July 17, 2018 | Walmart is considering launching a subscription streaming video service to compete with Netflix and Amazon Prime Video, people familiar with the situation told The Information. Such a move could be enormously costly for the retailer but would demonstrate its determination to compete on multiple fronts with Amazon in particular. The...

By Stephanie Prange July 17, 2018 | Indie suppliers need to maximize existing businesses while embracing the new digital marketplace, said keynote speaker Bill Sondheim, president of the Cinedigm Entertainment Group, during his “State of the Industry” keynote presentation at the Los Angeles Entertainment Summit July 17. While “DVD and the physical formats in general will not be the longtime revenue drivers we’ve...

By Cynthia Littleton July 12, 2018 | SUN VALLEY, Idaho — Jeff Bezos had the Allen & Co. conference crowd transfixed on Thursday morning as the Amazon CEO spoke about the evolution of his company, what he looks for in leaders, and his ambitious plan to develop the world of outer space for the betterment of humanity. Bezos was the headliner of Day 3 of...