Nolte: Peacock Streaming Service Lost $639 Million in Q1
Comcast/NBC/Universal’s streaming service, Peacock, lost a whopping $639 million in the first three months of 2024.
Comcast/NBC/Universal’s streaming service, Peacock, lost a whopping $639 million in the first three months of 2024.
A new phenomenon known as “serial churners” spells trouble for streaming services wherein people subscribe only temporarily.
Netflix’s decision to end its quarterly reporting of subscriber numbers tells me Netflix knows it has peaked.
The streaming giant Netflix has said it will stop reporting quarterly subscriber numbers with its 2025 earnings, instead focusing on other metrics.
Netflix, the only streamer making a profit, will reportedly no longer make lousy, super-expensive blockbusters or lousy “auteur” movies.
Major Hollywood studios are panicking as video piracy is once again on the rise, with the industry’s main lobbying organization demanding that Congress take action against piracy sites that are eating into studio profits at an ever-increasing rate.
Hollywood can produce all the crap it wants. But they can’t make us watch.
Hollywood’s streaming business is on the brink of catastrophe while price hikes continue to push more American subscribers away.
Only 34 percent of American adults prefer watching movies in a theater, compared to 66 percent who prefer watching them at home, according to a poll.
Antitrust experts are raising alarm bells as entertainment giant Disney aims to control over 80 percent of nationally broadcast sporting events through joint venture with Fox and Warner. The CEO of competing platform Fubo says that Disney “has consistently engaged in anticompetitive practices that aim to monopolize the market, stifle any form of competition, create higher pricing for subscribers and cheat consumers from deserved choice.”
What’s keeping Oscar-winner Daniel Day-Lewis in retirement is looking at 7,000 streaming choices and realizing none are worth a damn.
If you can’t hold the product or the title or the deed in your hand, it ain’t yours, and the fine print says they can take it away any time they want.
The Disney Grooming Syndicate is facing a “wave of subscriber cancellations” over Disney+ price increases.
FuboTV — the sports-oriented streaming service — is suing to stop Disney, Fox, and Warner Bros. Discovery from creating a rival service that would combine the three Hollywood studios’ formidable sports programming into one mega-streaming package.
New streaming data has revealed that older television shows have performed better than newer shows in terms of views.
All that’s left is for Hollywood to try and recreate the racket known as cable/satellite TV through streaming mergers.
Netflix is smart. If you want to see a Netflix movie, you have nowhere else to go. This is how I would run Netflix.
Wall Street is living with the fear that streaming services will never match the massive income generated by cable TV.
NBCUniversal’s Peacock lost a mind-boggling $2.7 billion in 2023 as the left-wing legacy studio continues to burn through cash at an alarming rate in the Hollywood streaming arms race.
Doug Liman, director of the upcoming Road House remake, is furious Amazon is sending his movie direct to streaming.
Nolte: In 2022, a sewer pipe delivered some 2,264 TV shows to American households. Last year, that number dropped to 1,784.
Amazon is laying off “several hundred” workers at Prime Video and MGM Studios — the latest bloodbath for a Hollywood streamer as consumers hammered by the Biden economy continue cutting back on streaming subscriptions.
We are doing this to ourselves. Are Americans now too fat and lazy to get off the couch to load up a DVD or Blu-ray no James L. Brooks can erase?
NBCUniversal’s Peacock lost more than half a billion dollars during the three months of summer, the latest example of Hollywood’s streaming carnage that has seen studios struggling to carve out a profitable piece of the home video market.
All I’m saying is this… before you pour all this money into a streaming service run by people who hate you, check out the free streamers.
If this country falls for the “streaming bundle,” we’ll get what we deserve.
CNN’s only hope to exist is as a piece of free parsley on the Max streaming service.
Free speech friendly video platform Rumble holds exclusive rights to stream the first Republican presidential debate, beating out cable news networks that traditionally obtain exclusive rights to presidential primary debates. The debate will be held in Milwaukee, Wisconsin, on Wednesday evening.
Despite big stars, big directors, big budgets, and tons of publicity, streaming movies have so far failed to stick. And by stick, I mean that thing certain movies do. They enter the public consciousness. They are remembered, treasured, passed down, and become part of our pop culture canon.
Streaming services are losing billions, pay TV is dying, movies are not making a comeback, and entertainment stocks are sinking. Where exactly are the profits?
The Peacock streaming service increased its subscriber base and still lost $651 million over the last three months. Bottom line: This is more proof Hollywood cannot survive on merit.
I tell ya, Disney’s slow-motion collapse is more entertaining than anything these child predators have created in years.
Pay TV is nothing more or less than affirmative action for left-wing networks like CNNLOL. The sooner it dies, the better that is for America, liberty, and common decency.
Other than Netflix, Hollywood’s streaming services have become black holes that suck up billions in cash.
The cord-cutting math doesn’t lie. The cancer of cable news will likely be dead within the decade.
Striking Hollywood writers are accusing the major streamers of treating them like disposable gig workers and are encouraging consumers everywhere to “cancel your subscriptions.”
Looks like Hollywood is recalibrating (again) to try and fix the crumbling movie industry.
Not a single Marvel or Star Wars streaming show cracked the top 15 most-watched last year.
Paramount+ is hiking prices as parent company Paramount Global reported its operating income plummeted 93 percent for the fourth quarter as the weak advertising market continues to weigh on the media giant’s properties, including CBS and PlutoTV.
The child grooming outlet called Disney+ lost 2.4 million subscribers during the fourth quarter of 2022.