a 200,000 drop in subscribers — its first loss in more than a decade — and warned of steeper declines ahead as layoffs have already begun.“Our strong results in the second quarter, including fantastic performance at our domestic parks and continued growth of our streaming services—with 7.9 million Disney+ subscribers added in the quarter and total subscriptions across all our DTC offerings exceeding 205 million—once again proved that we are in a league of our own,” said Disney Chief Executive Bob Chapek. “As we look ahead to Disney’s second century, I am confident we will continue to transform entertainment by combining extraordinary storytelling with innovative technology to create an even larger, more connected, and magical Disney universe for families and fans around the world.”The announcement ripped through Wall Street, as investors began reevaluating the industry’s aggressive shift into streaming subscriptions.
AMC Networks Ends Q1 With 9.5 Million Streaming Subscribers
05.05.2022 - 15:35 / variety.com
Jennifer Maas TV Business WriterAMC Networks ended its first quarter of 2022 with 9.5 million streaming subscribers.The new figure, revealed along with the rest of the company’s Q1 financial results on Thursday, is in line with the projection CFO Christina Spade gave in February. At that time, Spade said she expected AMC Networks add 400-500,000 streaming subscribers by the end of March, after reaching more than 9 million subs at the end of 2021.
Spade also said AMC Networks was anticipating getting halfway to its larger goal of having 20 million to 25 million streaming subs in 2025 by the end of this year.Click here to sign up for Variety‘s free Strictly Business newsletter covering earnings, financial and investment news, and more. AMC Networks’ lineup of targeted streaming services includes AMC+, Acorn TV, Shudder, Sundance Now, ALLBLK and HIDIVE, newly acquired with the purchase of anime content distributor Sentai. Those digital offerings are in addition to the company’s linear channels AMC, BBC America (a joint venture with BBC Studios), IFC, SundanceTV, WE tv and IFC Films.Despite the positive subscriber growth news for the quarter that included the debut of the final season of “Killing Eve,” AMC Networks missed on analysts’ estimates for both its revenue and profit.
Wall Street had forecast earnings per share (EPS) of $2.63 on $758.05 million in revenue for AMC Networks’ Q1, according to consensus data provided by Refinitiv. On Thursday, AMC Networks reported adjusted diluted EPS of $2.54 on $712 million in revenue.“AMC Networks had solid first quarter performance, highlighted by 3% total company revenue growth and continued growth of our streaming portfolio to end the quarter with 9.5 million total subscribers,”
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AMC Networks’ Shudder Streaming Service Partners With RLJE Films For Horror Film ‘Destroy All Neighbors’
EXCLUSIVE: Shudder, AMC Networks’ streaming service for horror, and RLJE Films, a business unit of AMC Networks, have partnered on the newest Shudder Original Film, Destroy All Neighbors. From music-video and commercial director Josh Forbes and starring Jonah Ray Rodrigues (Mystery Science Theater 3000) and Alex Winter (Bill and Ted franchise) who also produce.
John Mulaney’s Ex-Wife Just Called Mother’s Day ‘Weird’ as Olivia Munn Celebrates Her First
Celebrating differently. John Mulaney’s ex-wife Anna Marie Tendler just shaded Mother’s Day as Olivia Munn celebrated her first as a mother. Both Anna and Olivia made Instagram posts about how they felt about the holiday celebrating moms.
AMC Cuts Q1 Losses to $61.7 Million Despite Omicron and Lack of Blockbusters
Cinemark last week, AMC Theatres reported a loss for Q1 of 2022 on Monday, though those losses were narrowed despite a lack of major blockbusters and the Omicron variant surge in January. AMC reported revenue for the quarter of $785 million, down from the $1.17 billion earned in Q4 2021, AMC’s first profitable quarter since the pandemic began, but significantly up from the $148.3 million reported in Q1 2021.
Olivia Munn Shares Adorable New Selfie John Mulaney Took with Son Malcolm - See the Pic!
Olivia Munn is sharing some cute new photos of her boyfriend John Mulaney with their son Malcolm!
Anna Marie Tendler Feels ‘Weird Vibes’ on Mother’s Day as Ex-Husband John Mulaney Celebrates With Olivia Munn
Honesty hour. John Mulaney‘s ex-wife, Anna Marie Tendler, started a candid conversation about Mother’s Day as the comedian celebrated with girlfriend Olivia Munn.
Jack Huston To Play Lasher In ‘Anne Rice’s Mayfair Witches’ For AMC Networks
Anne Rice’s Mayfair Witches has found its Lasher. Jack Huston (House of Gucci) has been tapped to play the series regular role in the AMC Networks series. Lasher is one of Rice’s most mysterious and sensual characters — a powerful, shape-shifting entity who has been bound to the Mayfair witches for hundreds of years. Huston joins previously announced series regulars, including Alexandra Daddario (Dr. Rowan Fielding), Harry Hamlin (Cortland Mayfair) and Tongayi Chirisa (Ciprien).
AMC Networks Chief Matt Blank Finds It “Funny” That Netflix And Large Rivals Think Advertising “Solves All Problems” In Streaming
Matt Blank, interim CEO of AMC Networks, said the company has “no plans” for ad-supported tiers of its family of targeted streaming services including Shudder, Acorn TV and AMC+.
AMC Networks Hits 9.5 Million Streaming Subscribers In March; Affirms 20-25M By 2025
AMC Networks hit 9.5 million streaming subs for the first quarter of 2022, up from just over 9 million sequentially and in a newly antsy streaming world recommitted to its long-term goal of 20-25 million subs by 2025.
Paramount Hit 62M Total Global Streaming Subscribers In Q1, Paramount+ Added 6.8M
Paramount+ added 6.8 million subscribers last quarter, as Paramount ended the period with 62 million global streaming subs.
Paramount+, Showtime Top 62 Million Combined Subscribers
Jennifer Maas TV Business WriterParamount+ and Showtime topped a combined 63 million subscribers at the end of the first quarter, Paramount Global revealed Tuesday. From that new total, 6.8 million are Paramount+ sub additions from Q1.That’s up from the combined 56 million subscribers that the company reported the streamers hit by the end of 2021.
Peacock Preens In First NewFronts Pitch, Touting “One Complete Package” Across Linear And Streaming
In a fast-moving, 40-minute pitch to media buyers on Day 1 of the NewFronts, NBCUniversal’s Peacock touted its advertising DNA at a moment when some streaming rivals are just now cozying up to Madison Avenue.
AMC Networks Discloses 2021 Pay For CEOs: Former Boss Josh Sapan Nets $15.3M, Interim Chief Matt Blank $7M
Matt Blank, interim CEO of AMC Networks, made just shy of $7 million in total compensation in 2021, according to a proxy filing with the SEC.
Former AMC Networks CEO Josh Sapan’s 2021 Pay Rises 30% to $15 Million
Jennifer Maas TV Business WriterFormer AMC Networks chief Josh Sapan’s compensation for 2021, his final year as CEO of the company, rose 30% over the previous year to $15.3 million.According to a proxy statement filed with the SEC Friday, Sapan’s total pay from the company for 2021 was $15.3 million compared to the $11.8 million he received in 2020 and the $20.2 million he was paid in 2019.Click here to sign up for Variety‘s free Strictly Business newsletter covering earnings, financial and investment news, and more.Sapan’s successor, AMC Networks interim CEO Matthew Blank, was paid $6.97 million for the year. Blank joined AMC Networks in his new role in August just as Sapan stepped down.Blank’s base salary for 2021 was $630,136, while Sapan’s was $2 million.
Kourtney Kardashian & Fiance Travis Barker Keep Close While Sightseeing in Milan
Kourtney Kardashian and Travis Barker are taking over Italy!
Roku Exceeds Q1 Revenue Expectations Despite Only 1.1 Million New Subscribers
Roku exceeded Wall Street expectations for revenue, but showed slower sequential growth in new active accounts, according to its first-quarter earnings report Thursday.The company posted overall revenue of $734 million for Q1, up 28% year over year, which beat Wall Street expectations that had its growth at around $730 million. Investors seem thrilled by the report as shares surged during after-hours trading right after the quarterly results were released, rising 4.2% above the regular session close of $91.63.That investor excitement apparently wasn’t dampened by slower sequential growth in active accounts.
Peacock Adds 4 Million Paid Subscribers in Q1, Reaches 13 Million
Paid subscriptions were up for Peacock in Q1, Comcast CEO Brian Roberts announced on Thursday on the company’s earnings call.Peacock added 4 Million paid subscribers in Q1, for a total of 13 million. Roberts also noted the service had reached 28 million active accounts in total.Last quarter, Peacock had 9 million paid subscribers and a total of 24.5 million active users.The increase comes on the heels of Peacock airing a variety of big sporting events including the Winter Olympics and the Super Bowl.
Peacock Hits 28 Million Monthly Active U.S. Accounts, 13 Million Paid Subscribers
Jennifer Maas TV Business WriterPeacock ended the first quarter of the year with 28 million monthly active accounts (MAAs) and 13 million paid subscribers, Comcast revealed along with its Q1 earnings results Thursday.That total is up from the 24.5 million Comcast reported for the streamer’s end of 2021 figure. During Q1, Peacock streamed Super Bowl LVI and the Beijing Winter Olympics, along with debuting splashy titles like “Bel-Air,” its dramatic take on the ’90s classic “The Fresh Prince of Bel-Air,” Jennifer Lopez’s theatrical-and-streaming release “Marry Me,” and “Tiger King” scripted series “Joe vs.