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Media shares pop as Roku rally lifts the sector
A Roku Inc. distant in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021. Bloomberg | Bloomberg | Getty Visuals Media shares popped on Thursday as Roku’s 30% rally lifted the full sector. Wall Avenue celebrated the streaming unit firm’s 3rd quarter-report Wednesday, in which Roku documented strong developments in content […]
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NBA and NHL broadcasts are coming soon to immersive ‘shared reality’ domes
Cosm’s shared reality dome concept for viewing live sports broadcasts. Courtesy: Cosm Venues Warner Bros. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make “shared reality” a reality for sports fans. Cosm plans to open two venues — a 65,000 square foot building in Los Angeles and a […]
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‘Sesame Street’ will be revamped as Max streaming deal is set to expire
Sesame Street characters Bert and Ernie during the presentation of the NDR and Deutsche Post commemorative stamp of ‘Sesamstrasse’ on March 2, 2020 in Hamburg, Germany. Tristar Media | Getty Images Entertainment | Getty Images “Sesame Street” will soon have a new format as it turns the page on season 55, ending the children’s show’s […]
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‘Five Nights at Freddy’s’ rides PG-13 rating, video game fame to Halloween box office crown
A scene from the film “Five Nights at Freddy’s” Universal Pictures If anything was going to topple Taylor Swift at the box office, it had to be a killer animatronic bear, right? “Five Nights at Freddy’s,” the new Universal-Blumhouse horror offering set in an abandoned Chuck E. Cheese-type kids’ pizza parlor, scored an estimated $78 […]
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Mattel says Barbie sales grew 16% as blockbuster movie became a phenomenon
Guests shop during a visit to the Malibu Barbie Cafe pop-up in New York City on May 17, 2023. Brendan McDermid | Reuters Call it a Barbie boost. Mattel on Wednesday said Barbie sales jumped 16% in the third quarter, riding the wave of the blockbuster movie. The “Barbie” film, released in July, is largely […]
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Paramount’s Shari Redstone is open for business, but business may not be open for her
Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023. David A. Grogan | CNBC Shari Redstone may have missed her window. Paramount Global‘s controlling shareholder is open to a merger or selling […]
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Sports programming still dominates TV, and Netflix is leaning more into it
Rafael Henrique | Lightrocket | Getty Images Whether it’s streaming or traditional TV, sports keep audiences coming back to their screens — and Netflix is working on getting more into the game. Following some quarters of stagnation, Netflix is back to adding more subscribers, with the help of adding new business models such as a […]
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Netflix flips the streaming script all over again with a return to expansion method
Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile Planet Congress 2023. Joan Cros | Nurphoto | Getty Photos Netflix is correcting the Terrific Netflix Correction. There once was a time, extended back in April 2022, when Netflix reported a decline of 200,000 subscribers. The firm forecast it would […]
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Taylor Swift Eras Tour film posts second-best October box office opening, behind ‘Joker’
Taylor Swift performs onstage during at Ford Field on June 9, 2023 in Detroit, Michigan. Scott Legato | TAS23 | Getty Taylor Swift and AMC have collected the receipts and results are in: the Eras Tour concert film is the second-highest domestic opener of October ever. The film tallied $92.8 million during its first three […]
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Hollywood writers ratify new contract with studios
Writers Guild of America (WGA) East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square on May 17, 2023 in New York City. Alexi Rosenfeld | Getty Images Entertainment | Getty Images The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios. The […]
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