Industry News

By Bruce Haring [caption id="attachment_5002" align="alignleft" width="165"] Mark Greenberg[/caption] July 28, 2018 | Walmart is collaborating with veteran television executive Mark Greenberg on a new video streaming service that would challenge the dominance of Netflix and Amazon by targeting Middle American tastes in programming. The venture is in the early stages of development and has not been formally greenlit by Walmart, according to reports. The company isn’t expected to...

By Dawn C. Chmielewski July 31, 2018 | Apple CEO Tim Cook hinted at a forthcoming entertainment offering — but stopped short of saying exactly what the technology giant, with nearly $250 billion in cash on its balance sheets, has planned. The soft-spoken CEO hinted broadly at a television offering, noting several “key catalysts” reshaping the entertainment industry. He said cord-cutting is accelerating “at a much...

By Joe Mandese July 31, 2018 | At a time when Nielsen appears to be in a bit of turmoil with Wall Street turning cold and its CEO stepping down, a new-and-improved comScore is making new strides in the next generation of TV market players. comScore this morning announced that a new “Campaign Ratings” platform will launch in beta this September and that...

By Meg James July 27, 2018 | Walt Disney Co. and 21st Century Fox Inc. shareholders on Friday overwhelmingly approved Disney’s proposed $71.3-billion takeover of much of Rupert Murdoch’s 21st Century Fox — a milestone in a merger that is expected to dramatically reshape the entertainment industry. The deal’s contours began to form nearly a year ago over wine between Disney Chief Executive...

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...