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Imax CEO Calls Its Netflix-‘Narnia’ Release Deal “Fairly Complex”: “Not In A Rush To Do Another One”
Imax’s CEO cautioned Wall Street on Wednesday that he does not expect a stream of deals to follow on the heels of a high-profile agreement with Netflix for a global two-week exclusive Imax run of Greta Gerwig’s Narnia starting on Thanksgiving Day 2026.
“I've talked to Netflix about this, and I…
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Cinemark Reports Mixed Q4 Results, Restores Shareholder Dividend In Post-Covid Milestone
Movie theater owner Cinemark reported mixed fourth-quarter results, missing Wall Street earnings forecasts but posting better-than-expected revenue.
Earnings of 33 cents a share on a diluted basis represented an improvement from the year-ago period, which saw a loss of 15 cents a share. Analysts…
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By Dade Hayes
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With Big ‘Silo’ Renewal By Apple TV+ And Return Of The “Netflix Effect”, AMC Networks Staying In Third-Party Licensing Game
Last December’s two-season renewal of Apple TV+ series Silo was a boon to AMC Networks, whose studio arm produces the show. But even though there’s no major follow-up project in the pipeline, top execs plan to remain in the third-party business.
“Currently we’re producing pretty much…
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By Dade Hayes
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AMC Networks Revenue Slides 12% In Q4 As Results Fall Short Of Wall Street Targets
AMC Networks undershot Wall Street forecasts in the fourth quarter, with advertising continuing to decline in the U.S. and affiliate revenue also hitting a slump.
The company reported total revenue of $599 million, down 12% from the same period a year ago, and adjusted earnings per share of 64…
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By Dade Hayes
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‘Terrifier 3’ Shakes Up Cineverse Fall Quarter As Revenue And Profit Soar, ‘Terrifier 4’ Script In The Works
Art The Clown exploded the latest quarter for Cineverse as the company's revenue shot higher to $40.7 million in the last three months of 2024 from $13.3 million the year earlier.
Net income swing to $7.2 million (38 cents a share) from a loss of $2.9 million, (22 cents).
"The Company is…
Roku Cracks $1B Mark In Platform Revenue In Q4; Shares Jump
Roku delivered a strong set of fourth-quarter results, including crossing the $1 billion threshold in platform revenue.
The streaming giant ended the quarter on December 31 with 89.8 million streaming households, surpassing 90 million in January, and also drew 34.1 billion streaming hours in the…
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By Dade Hayes
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Sony Pictures Entertainment Third-Quarter Profits Dip 21% To $223M; Corporate Results Jump On Games & Music
Third-quarter profits at Sony Pictures Entertainment slid to $223 million for the three months ended December 31, 2024. That's a nearly 21% decrease on a U.S. dollar basis versus the similar quarter the previous year. Adjusted OIBDA (Operating Income Before Depreciation and Amortization) came in at…
Lionsgate Studios, Starz Split Now Looking Like April At The Earliest – Update
UPDATED with separation details: Lionsgate CEO Jon Feltheimer anticipates the long-pending separation of Lionsgate Studios and Starz won’t occur until this spring, April at the earliest.
"We're still in regulatory review of our joint proxy/registration statement with the SEC. Given this timing…
Amazon Q4 Earnings Clear The Bar In Strong Holiday Showing, But Stock Sags Due To Outlook For Q1
Amazon delivered a strong set of financial results in the fourth quarter, with revenue in the holiday span rising 10% from a year ago to $187.8 billion and earnings nearly doubling to $1.86.
Shares in the tech giant slumped on the earnings news, however, as it contained worse-than-expected…
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By Dade Hayes
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Disney CEO Bob Iger Says “Venu Basically Looked Redundant To Us” As Other Skinny Bundles Emerged
Venu, the planned streaming sports joint venture that's fading into history, became irrelevant as similar opportunities began to arise for ESPN to join other targeted, or so-called "skinny," bundles.
"Look what essentially happened is, after the decision was made and we started to implement the…
‘Moana 2’ Buoys Disney’s Latest Quarter As Studio Profits Surge
Moana 2 helped float a solid fiscal first quarter for Disney with studio profit riding the strong box office of the animated sequel that's topped $1 billion worldwide. The quarter, which ended in December, also featured Mufasa: The Lion King at $653 million. The prior-year period included The Marvels…
TikTok Uncertainty Is Benefitting Snapchat, Says Snap CEO, As Advertisers And Creators Make Contingency Plans
UPDATED with CEO comments on TikTok: "The overall environment of uncertainty" around TikTok has been a boon to Snapchat's business, said Evan Spiegel, CEO and founder of the social media platform's parent Snap.
"Certainly, advertisers are very focused on contingency planning and diversifying…
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