There were so many stars in attendance for the opening night performance of the off-Broadway play Danny and the Deep Blue Sea, starring Aubrey Plaza and Christopher Abbott.
26.10.2023 - 12:01 / deadline.com
Comcast beat Wall Street estimates for third-quarter revenue and earnings despite an 8% year-over-year drop in domestic advertising.
The NBCUniversal parent reported revenue of $30.1 billion in the period ending September 30, up 1% from the same quarter of 2022. Earnings per share reached $1.08 on an adjusted basis, up from 96 cents a year ago.
Peacock, the flagship streaming service at NBCU, picked up 4 million paid subscribers during the quarter, reaching 28 million. Its revenue shot up 64% year-over-year to reach $830 million, as losses narrowed.
The streaming service posted an adjusted EBITDA8 loss of $565 million, an improvement over the $614 million in the prior-year period.
NBCU, like its media peers, is under pressure to deliver profits in streaming. At 28 million subscribers, Peacock trails rivals like Max and Disney+ but it shifted strategy after launching in 2020. Initially placing emphasis on its free, ad-supported tier and metrics like monthly active users, Peacock turned its focus to driving paid subscriptions.
Domestic advertising revenue dropped 8% to $1.9 billion. The earnings release contained little explanation for the ad slump, but the topic will likely be a notable one on the company’s earnings call with Wall Street analysts.
The studio division reported a 25% slump in revenue, to $1.69 billion, and EBITDA fell 22% to $429 million despite the release of Oppenheimer, which grossed a spectacular $900 million. Comcast blamed the impact of the dual strikes on film and TV production, as well as difficult comparisons with the 2022 frame, which saw strong results for Minions: The Rise of Gru and Jurassic World: Dominion.
Comcast’s pay-TV business shed 490,000 residential customers compared with a year
There were so many stars in attendance for the opening night performance of the off-Broadway play Danny and the Deep Blue Sea, starring Aubrey Plaza and Christopher Abbott.
Chris Harris has shared a health update on the cricket legend Freddie Flintoff after he was involved in a horror crash that left him fighting for his life.
Freddie Flintoff's Top Gear co-star Chris Harris has given an update on the former cricketer's health after his scary car crash last December. Speaking on BBC Breakfast, Chris said: 'I think he's healing. It was a serious incident.
Andrew 'Freddie' Flintoff is 'healing' according to his Top Gear co-star after he was recently seen months after he was involved in a crash while filming the BBC show which left him with facial injuries and broken ribs
Disney opened a new corporate era with a mixed-to-positive batch of quarterly results, reporting better-than-expected revenue and earnings but also more than $1 billion in charges.
Oliver Twist spin-off series.Eccleston, known for playing the titular role in Russell T. Davies’ 2005 reboot of the classic series, Doctor Who, also played the pickpocketing gang leader in Dodger, a children’s series made for CBBC.The actor, aged 59, has faced criticism for the role due to the character’s repeated description as ‘the Jew’ in the original Charles Dickens text.In an interview with The Guardian, Eccleston shared that when the casting was announced, debate started over whether it was right for a non-Jewish actor like him to play the role.He shared in the interview that in his experience, at least one Jewish actor “noted they didn’t object to non-Jewish people playing Jewish roles, [they would] just like it to be spoken about.“Which I completely agree with.
Cynthia Littleton Business Editor In the quarter that included the marriage of UFC and WWE under the TKO Group umbrella, Endeavor saw its Q3 revenue rise despite headwinds from Hollywood strikes and other market conditions, but operating expenses climbed even more. Endeavor’s conference call with analysts today is expected to give Wall Streeters a chance to grill company executives, including CEO Ari Emanuel and Mark Shapiro, president and chief operating officer, on the news earlier this month that Endeavor is considering “strategic alternatives” for some of its businesses.
Jennifer Maas TV Business Writer Esports company GameSquare, which recently acquired FaZe Clan, will report its third-quarter earnings Nov. 15 after the bell. In a move to connect its target Gen Z demographic with Wall Stret, in lieu of hosting the traditional conference call with investors after the results have been released, GameSquare will be livestreaming the Q&A with CEO Justin Kenna and chief innovation officer Tyler “Ninja” Blevins on Twitch.
Endeavor posted a mixed bag of third-quarter results, with its Representation division showing negative impact from the WGA and SAG-AFTRA strikes.
Clayton Davis Senior Awards Editor Yes, SAG-AFTRA talks with the AMPTP are ongoing, but there’s still an awards season to track. Honoring the best achievements in film and television, the guild’s highest honor has become a critical bellwether during the awards season. The union has made it clear submitting for awards consideration is not considered a “promotion” under the current strike order.
Rebecca Rubin Film and Media Reporter “Killers of the Flower Moon,” Apple’s first major theatrical release, has generated $120 million globally after three weekends of release. Is that a good result for a movie backed by a streaming service? A terrible outcome for a glowingly received, $200 million crime epic directed by Martin Scorsese and starring Leonardo DiCaprio and Robert De Niro? Or somewhere in between? Everyone who follows the movie business has a different take, so parsing these ticket sales could take longer than the film’s daunting three-hour-and-26-minute run time.
Paramount Global shares fell nearly 9% midway through the trading day after veteran media analyst Jessica Reif Ehrlich delivered a harsh verdict on the stock.
Criterion Collection for a month-long 50% off winter sale — with all DVDs, Blu-rays and 4K Ultra HD discs marked down, sitewide. We rounded up the best deals on Criterion Collection releases, including Orson Welles’ “Citizen Kane,” Spike Lee‘s “Do The Right Thing,” Whit Stillman’s “The Last Days of Disco” and much more. In fact, even boxed sets are half off, such as Krzysztof Kieślowski’s “The Dekalog” and Steve McQueen’s “Small Axe” anthology.
Todd Spangler NY Digital Editor Apple‘s services segment continues to record healthy gains, increasing 16.3% for the September quarter to reach a record $22.3 billion, while it also reported a 2.8% lift in iPhone sales. Overall, Apple posted revenue of $89.50 billion (down 1%) and net income of $22.96 billion (up 11%), translating to earnings per share of $1.46, for the quarter ended Sept. 30.
Ava DuVernay‘s TV follow-up to her film “Origin” isn’t happening anymore. Deadline reports that the director’s romantic drama series for Starz with Joshua Jackson and Lauren Ridloff will fold as DuVernay’s overall deal with Warner Bros.
UPDATED with Lachlan Murdoch comments. Fox Corp. CEO Lachlan Murdoch said his father, Rupert, “is very much involved and will be for years to come” despite stepping down from his chairman role in September.
Emmerdale star Christopher Chittell has played the iconic character of Eric Pollard for almost 40 years, making him the soap's longest-serving actor. Christopher, 75 first joined the hit ITV soap in June 1986 and his first scenes aired in late September of that same year. It's no surprise that over the years the actor has been at the heart of some major storylines, including most recently, a devastating diagnosis of Parkinson's disease.
Shares in Roku surged almost 10% in after-hours trading after the company affirmed its outlook for “positive full-year EBITDA,” meaning a return to profitability.
Five Nights at Freddy’s is spooking up a record on Peacock.
Wall Street gave decidedly mixed reviews to Comcast‘s third-quarter earnings report, even though the numbers beat analysts’ expectations on both the top and bottom lines.