Robert Smith, frontman of the U.K. rock legends The Cure, is the latest artist to take aim at Ticketmaster for its business model.
28.02.2023 - 18:39 / deadline.com
Nexstar CEO Perry Sook said the company’s acquisition of the CW has already paid for itself in terms of adding muscle to the company’s distribution negotiations.
The exec made the comment at the start of Nexstar’s fourth-quarter earnings call with Wall Street analysts. Earlier, Nexstar reported a 45% surge in advertising revenue during the election-fueled quarter. Total revenue of $1.486 billion climbed 19% from the year-earlier period, but came in just shy of analysts’ consensus forecast for $1.5 billion.
Nexstar last year acquired 75% of the CW, with prior 50-50 partners Warner Bros Discovery and Paramount Global retaining 12.5% stakes. The broadcast giant’s plan for the network is to make it profitable by 2025 by altering its programming mix. One new piece of programming is a slate of 14 Saudi-backed LIV golf tournaments.
The CW deal involved no upfront cash or stock considerations for Nexstar. Instead, the company took on the broadcast network’s debt, which had piled up during the many years when it was used as a glorified marketing platform for pricey scripted series.
Sook said by having the CW in the company’s lineup, conversations with distribution partners have yielded material benefits equivalent to the company’s assumption of debt. He didn’t offer specific figures.
CFO LeeAnn Gliha said the financial results for the CW will be broken out separately in future reports.
The acquisition of the CW, which closed last September 30, generated $30 million in one-time expenses during the quarter Gliha said.
Sook noted that Nexstar’s stock was one of just four posting gains in 2022, a brutal year in the media and tech sectors. He credited the company’s focus on “tried and true” broadcast assets. The CW’s streaming app
Robert Smith, frontman of the U.K. rock legends The Cure, is the latest artist to take aim at Ticketmaster for its business model.
The Glory star Cha Joo-young has touched on her first-ever dance challenge with SEVENTEEN, and how member Seungkwan helped her go viral on TikTok.Back in February, Cha appeared on SEVENTEEN’s TikTok account, where she joined members Seungkwan, DK and Hoshi – also members of the sub-unit BSS – for a dance challenge to the BSS song ‘Fighting’.The clip, which has since gone viral with over 4.6million views and nearly 650,000 likes, notable opened with Seungkwan addressing Cha by Hye-jeong, the name of her character in Netflix‘s The Glory, before handing her a signed copy of BSS’ single album ‘Second Wind’.멋지(시)다…! 차주영 배우님
Brad Pitt and Ines de Ramon are going strong in their relationship. The celebrity couple continue to get serious in their romance, however many online users continue to wonder if the jewelry designer has already met the actor’s six children with Angelina Jolie.A close source to the pair recently revealed to US Weekly that they are still in the honeymoon phase of the relationship, and have yet to introduce any family members.
A family affair? Brad Pitt and Ines de Ramon are taking their time when it comes to interacting with the Fight Club actor’s children, a source exclusively reveals in the latest issue of Us Weekly.
A perfect fit. Peta Murgatroyd has a job in mind for her husband, fellow Dancing With the Stars pro Maksim Chmerkovskiy.
Shania Twain is reflecting on “That Don’t Impress Me Much” nearly 25 years later!
Zack Sharf Digital News Director Disney CEO Bob Iger is touting “newness” when it comes to the Marvel Cinematic Universe. The executive appeared at the Morgan Stanley Technology, Media and Telecom Conference and questioned whether or not Marvel needs to continue churning out multiple sequels for individual characters. His comments arrived amid critical and box office disappointment for the most recent MCU tentpole, “Ant-Man and the Wasp: Quantumania.” “Sequels typically worked well for us,” Iger said at the conference. “Do you need a third and a fourth, for instance? Or is it time to turn to other characters?” Not only is “Ant-Man and the Wasp: Quantumania” one of the worst-reviewed Marvel films in history (its 48% on Rotten Tomatoes nearly matches the record-low “Eternals” score of 47%), but the film dropped a massive 69% at the box office in its second weekend, marking the second-biggest drop in MCU history. “Quantumania” currently stands at $420 million worldwide and $189 million domestically. While these grosses are higher than the first two “Ant-Man” movies, they’re also underwhelming considering “Quantumania” kicks off Phase 5 of the MCU and introduces the new Thanos-sized villain of the franchise in Jonathan Majors’ Kang the Conquerer.
Bob Iger returned as CEO of Disney last November, and since his return, the company’s mantra has been “stick with what works.” Last month, Iger put that into practice when he announced sequels to the “Toy Story,” “Frozen,” and “Zootopia‘ franchises. But what isn’t working at Disney recently? THR reports that Iger doesn’t like how expensive making films and shows has gotten, with Deadline adding that franchises like “Star Wars” and Marvel may see some shifts because of that.
Disney CEO Bob Iger says the company is still being “very careful” with developing Star Wars feature films in the wake of Solo‘s soft box office, while Marvel is also getting a rethink in terms of how many sequels characters get.
Paramount Global CEO Bob Bakish decided to, in his words, “cross the line” and address a recent bid the company received for Showtime.
OK, so Selena Gomez might be a liiittle bothered by all the drama!
Katy Perry has shocked fans by posting a throwback to her younger days on Instagram.The Dark Horse and California Gurls singer posted the photograph, which shows her as a fresh-faced 21-year-old ready to party at a roller skating rink, to her socials on Sunday in order to celebrate American Idol's 21st birthday.Find out why Katy believes this season of American Idol is the best yet in the video below.WATCH: Katy Perry introduces American Idol season 21Fans of the Teenage Dream singer songwriter rushed to comment on Katy's almost unrecognisable appearance in the photo from her early adult life."Fetus Katy!" one joked, surprised at the throwback picture.DISCOVER: Katy Perry, Lionel Richie, Ryan Seacrest's and more American Idol stars' stunning homes"You looked so cute at 21!" another added.Meanwhile a third person commented: "Always been gorgeous."A post shared by KATY PERRY (@katyperry)Katy's Instagram throwbackSeveral fans also left red heart emojis and teary-eyed faces in reply to the cute photo.Katy captioned her post: "[American Idol] is celebrating its 21st bday this year.
Jennifer Aniston thinks sleep is "beautiful". The 54-year-old actress has struggled with insomnia for years, and she's now grown to appreciate the value of sleeping well. She told InStyle: "Sleep is extraordinary.
Endeavor CEO Ari Emanuel isn’t making many predictions or taking sides as the WGA deadline approaches.
Jennifer Maas TV Business Writer Nexstar reported its fourth-quarter 2022 earnings Tuesday, revealing its core ad sales fell 3.3% from Oct. 1-Dec. 31, the quarter it finalized its purchase of the CW Network, but political ad revenue was up 1,306.9% due to the 2022 midterm elections. The TV station groups giant reported core advertising revenue at $477.5 million for the quarter, down from $493.7 million in the comparable 2021 period. Meanwhile, political ad sales were at a whopping $265.9 million versus $18.9 million last year. Overall, Nexstar’s total TV ad sales were up 45%, coming in at $743.4 million compared to $512.6 in Q4 2021.
Prime News on Wednesday, Feb. 22, where he was asked to comment on the Biden administration’s handling of a train carrying hazardous materials that derailed in eastern Ohio earlier this month.The junior Trump said that “Joe [Biden] doesn’t give a crap” about the environmental turmoil and potential dangers facing the residents of East Palestine, Ohio — who were temporarily forced to evacuate the area after the derailment — and “couldn’t care less” about the situation on the ground.He then shifted the conversation to attack Buttigieg for his handling of the crisis.
American Idol‘s new season is returning with a brand new episode tonight, and we’re bringing you all the reported salary info for the stars!
The motivation for continuing to offer Discovery+ as a stand-alone streaming service after a combined offering with HBO Max debuts later this spring, is largely financial, Warner Bros Discovery CEO David Zaslav says.
Kylie Jenner is picking favorites.
On paper, Pixar was right to think “Lightyear” was going to be a hit. Per usual, the film featured an incredible, star-studded cast.