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Focus on revenue, profit, not subscriber adds
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Focus on revenue, profit, not subscriber adds

Netflix logo Mario Tama | Getty Images News | Getty Images Netflix has a message for investors: start focusing on revenue and profit, and stop obsessing about subscriber growth. Netflix made its argument with several pointed comments in its quarterly shareholder letter. The world’s largest streamer said it will stop forecasting paid subscriber adds. The...

A painful halt: If you work in film and TV, get ready for layoff
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A painful halt: If you work in film and TV, get ready for layoff

Warner Bros. Discovery said this week it’s sacking 100 TV ad salespeople, Paramount Global acknowledged it may stop offering Showtime as a standalone streaming service, and Netflix, an industry gravy train for the last decade, announced yet-another round of layoffs. A multiyear boom in film and TV...

Streaming Tops Cable-TV Viewing for the First Time
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Streaming Tops Cable-TV Viewing for the First Time

Americans spent more of their July TV-viewing time streaming content on services such as Netflix, YouTube and HBO Max than they did watching cable television, according to Nielsen data, marking the first month that streaming has overtaken cable. Streaming services captured 34.8% of total U.S. TV viewing time during the month, while cable TV attracted...

Walmart (WMT) earnings Q2 2023
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Walmart (WMT) earnings Q2 2023

Customers shop for a turkey at a Walmart store in Chicago, November 20, 2018. Kamil Krzaczynski | Reuters Walmart on Tuesday said sales grew more than 8%, but profits tightened in the fiscal second quarter, as consumers turned to the discounter for groceries and essentials. Shares rose about 3% in premarket trading. The retailer’s results...

Nexstar to Buy Majority Control of CW Network
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Nexstar to Buy Majority Control of CW Network

Updated Aug. 15, 2022 1:38 pm ET Listen to article (2 minutes) Nexstar Media Group Inc. agreed to buy majority control of the CW Network and said it would overhaul the programming of the youth-centric broadcast network to cater to an older audience. Under the terms of the deal, which was announced Monday, Nexstar will...

Paramount Revenue Gets Lift From ‘Top Gun’ Sequel, Streaming Service
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Paramount Revenue Gets Lift From ‘Top Gun’ Sequel, Streaming Service

Paramount Global said its “Top Gun” sequel and its growing streaming business helped boost revenue in the latest quarter, while its television business began to feel a slowdown in the advertising market. With more than $1.3 billion in global box-office revenue so far, “Top Gun: Maverick,” which premiered over Memorial Day Weekend, already surpassed Paramount’s...

Simon & Schuster Publisher Dana Canedy Steps Down
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Simon & Schuster Publisher Dana Canedy Steps Down

Listen to article (1 minute) Dana Canedy is stepping down as publisher of Simon & Schuster’s flagship imprint after two years to write a sequel to her memoir “A Journal for Jordan,” the company said. Ms. Canedy, 57 years old, was the first Black woman to head the imprint, which in recent years has published...