LOS ANGELES (Reuters) – Media company Fullscreen has agreed to acquire Rooster Teeth, an 11-year-old online production studio based in Austin, Texas, that created the long-running video series “Red vs. Blue,” executives of the companies told Reuters.
Fullscreen, one of the biggest networks on YouTube, is majority-owned by Otter Media, a joint venture between AT&T and Peter Chernin’s The Chernin Group.
(Reuters) – Walt Disney Co (DIS.N: Quote, Profile, Research, Stock Buzz) posted quarterly profit that fell in line with Wall Street expectations as the media and theme park giant rode the blockbuster performance of its movie box office hits “Maleficent” and “Guardians of the Galaxy.”
Shares of Disney, which have hit record levels as the company consistently beat forecasts in recent quarters, dropped 2.5 percent in after-hours trading on Thursday. The stock closed at a record $92 before the earnings were reported.
LOS ANGELES (Reuters) – Major media companies have become far less dependent on the cyclical advertising market, reporting another strong quarter of profits boosted by checks written by streaming services such as Netlfix Inc (NFLX.O: Quote, Profile, Research) and fees from cable operators.
Time Warner Inc (TWX.N: Quote, Profile, Research), CBS Corp (CBS.N: Quote, Profile, Research) and Twenty-First Century Fox (FOXA.O: Quote, Profile, Research) each reported profits that beat Wall Street expectations for the September quarter, even as advertising showed pockets of weakness.
LOS ANGELES (Reuters) – Major media companies have become far less dependent on the cyclical advertising market, reporting another strong quarter of profits boosted by checks written by streaming services such as Netlfix Inc and fees from cable operators.
Time Warner Inc, CBS Corp and Twenty-First Century Fox each reported profits that beat Wall Street expectations for the September quarter, even as advertising showed pockets of weakness.
LOS ANGELES, Nov 4 (Reuters) – After the votes are counted
for the midterm U.S. elections, cable operators will be among
the big winners, nearly doubling ad sales to about $800 million,
while the nation’s TV station operators will see far more modest
TV stations will pocket an estimated $2.4 billion from ads
on local, state and federal elections, according to projections
by ad tracking firm Kantar Media that were provided to Reuters.
That’s about $100 million more than in the 2010 election cycle.
LOS ANGELES/NEW YORK (Reuters) – “Ouija”, a horror film inspired by the board said to contact the dead, haunted the top of movie charts in the United States and Canada, collecting $20 million in weekend ticket sales and knocking Brad Pitt’s “Fury” out of first place.
Another new entry, action thriller “John Wick” starring Keanu Reeves as a hit man out for revenge, debuted in second, taking in $14.2 million from Friday through Sunday, according to estimates from tracking firm Rentrak.
LOS ANGELES/NEW YORK (Reuters) – Brad Pitt’s gritty World War Two drama “Fury” conquered all box office foes over the weekend, ringing up $23.5 million in ticket sales at theaters in the United States and Canada.
“Fury” kicked two-time box office leader “Gone Girl” to second place. The thriller starring Ben Affleck collected $17.8 million from Friday through Sunday, according to data from tracking firm Rentrak.
LOS ANGELES (Reuters) – CBS Corp is offering pay television providers the option to add the new CBS All Access streaming service to the packages they sell to consumers, Chief Executive Leslie Moonves said in an interview on Thursday.
Earlier on Thursday, CBS launched the digital video-on-demand and live-streaming services in an effort to win viewers who are increasingly turning to the Internet for entertainment.
(Reuters) – Netflix Inc signed up fewer video streaming subscribers than forecast for the quarter that ended in September as its U.S. growth slowed markedly, sending its shares plunging as much as 27 percent.
The company, which operates in nearly 50 countries, blamed a $1 price hike, to $8.99 a month, for discouraging new sign-ups. It lured 3.02 million new streaming customers globally, versus the 3.69 million it projected in July.
LOS ANGELES (Reuters) – Netflix Inc is on a mission to start closing the yawning gap between the theatrical debut of movies and their availability for online streaming, forcing Hollywood to rethink where to release new films.
With a sequel to martial-arts drama “Crouching Tiger, Hidden Dragon” and four Adam Sandler movies, Netflix will have brand-new content for subscribers around the world. That instant access is much quicker than the typical 7-to-18 months Netflix must wait to stream new releases from Hollywood studios.