Sharna Burgess is setting the record straight on her and Brian Austin Green’s living situation.
10.05.2022 - 15:35 / deadline.com
Fox Corp. delivered a mix bag of financial results in its fiscal third quarter, with revenue exceeding Wall Street expectations but earnings falling short.
The media company reported total revenue of $3.46 billion in the period ending March 31, up 7% from the same quarter a year ago. Analysts had been expecting $3.39 billion. Earnings came in at 81 cents a share, compared with forecasts for 88 cents.
Fox shares, already on the downswing in 2022, declined 5% in pre-market trading.
The company said its affiliate revenue rose 5% overall, up 8% in its Television division and 3% in Cable Network Programming.
Advertising revenues increased 9%, which the company said was due to stronger pricing and higher ratings at Fox News Media and continued growth at streaming service Tubi.
The “other revenue” category jumped 18% on sports sublicensing revenues in the cable unit, which faced Covid issues in the year-earllier period.
In the Television unit, revenue rose 7% to $1.82 billion. Advertising revenues gained 6%, with the improvement chalked up to momentum at Tubi, strong pricing at the Fox broadcast network and the impact of a 17th week of the NFL regular season. The extra NFL game helped make up for the absence of the rotating NFL divisional playoff game in the current quarter as well as what the company described as “softer entertainment ratings” at the broadcast network.
“Other” revenue increased 17% due to the impact of the consolidation of MarVista Entertainment, TMZ and Studio Ramsay Global.
EBITDA in Television declined to $35 million from $135 million a year ago, which the company blamed on higher expenses. The expense burden was due to greater investment in Tubi and higher programming rights amortization and production costs at
Sharna Burgess is setting the record straight on her and Brian Austin Green’s living situation.
That in turn will have a major ripple effect across Hollywood’s creative community and the global content production ecosystem, which in recent years has been primed to operate in an environment of seemingly endless demand for new TV shows and movies. Morgan Stanley this month projected the rate of content spending by the 14 largest players in global media to expand at a 13% compound annual growth rate from 2022-25, when the tally will top $200 billion.
Machine Gun Kelly is letting it all hang out!
Brian Steinberg Senior TV EditorThe executives at the company that owns cable’s venerable Weather Channel know they have a popular service. The network has been around since 1982. Now they hope lightning will strike twice.A live-stream of the outlet will be made available via app for connected TV sets, and subscribers who already get the cable version can get it by providing details of their provider.
Todd Spangler NY Digital EditorAmid fears of a looming global recession, shares of media companies saw a mixed day of trading Friday as major market indexes marked their the longest string of weekly losses in decades.The S&P 500 index closed flat thanks to a late-session rally, but it was down for the week and is off 18.7% year to date, on the edge of the unofficial 20% threshold indicating a bear market. The Nasdaq Composite, weighted toward the tech sector, dipped 0.3% Friday and has declined 28% since the beginning of 2022. For both indexes, it’s their longest streak of weekly losses since the 2001 dot-com bust.The Dow Jones Industrial Average also was essentially flat Friday, down 2.8% for the week.
Fox Corp, Telemundo, TelevisaUnivision, Disney, YouTube, Warner Bros. Discovery, Paramount and the CW.
Mayim Bialik is finding her groove! “You know, sometimes I’ll say things and I’ll be like, ‘How did that come out of my mouth and why?' but that’s sort of me in life in general,” the 46-year-old told ET during the Fox Upfronts on Tuesday.“So, I take it everywhere I go. I'm definitely becoming more comfortable,” she added. Bialik, who has been hosting the game show since 2021, has finally found the trick to overcoming any challenges that come with the gig. “As I become the rhythm of the person talking in my ear, it becomes a little bit easier,” she said about delivering the questions.
Fox Corp. CEO Lachlan Murdoch said seven-time Super Bowl champion Tom Brady will be much more than a Sunday night analyst for Fox Sports but a partner after inking a deal said to be worth $375 million over ten years with the Tampa Bay Buccaneers quarterback.
Senate Majority Leader Chuck Schumer called on Rupert Murdoch and other top executives of Fox Corp. and Fox News to stop the “reckless amplification” of the “great replacement theory” by some of the news channel’s hosts.
Like the time traveler hero of NBC’s Quantum Leap, we were transported to two different times with the two presentations on the first day of the upfronts. NBC took us back to pre-Covid 2019, pulling out all the stops with an elaborate production at Radio City Music Hall, including an energetic, elaborately choreographed number promoting Bravocon that featured dozens of performers and Bravo stars to rival a top Broadway show. There were a ton of presenters, with Kelly Clarkson performing to open the show and Miley Cyrus singing a medley to close it out.
Cynthia Littleton Business EditorFox Corp. surprised the industry on Monday by hosting an upfront programming presentation that was entirely pre-recorded.About 800 attendees gathered at the Skylight venue in Lower Manhattan for the presentation that unfolded in immersive fashion across giant screens.Attendees sat nightclub-style in the round at small tables.
Megan Fox is going viral for a text exchange she shared on her social media.
Just when you think the “twin flames” have shocked you before! Megan Fox and Machine Gun Kelly’s weekend in Las Vegas for the Billboard Music Awards is making headlines for several reasons — including the actress sharing the dirty details.
Michael Schneider Variety Editor at LargeFox is bringing back the post-Super Bowl series lead-out, and turning to chef Gordon Ramsay to help do it. The network plans to premiere the second season of Ramsay’s “Next Level Chef” right after Super Bowl LVII on Sunday, Feb.
Breaking records on and off the field? Fox spoke out about the reported $375 million deal Tom Brady signed to become the network’s lead NFL analyst once he retires from football for good.
EXCLUSIVE: The anticipated reboot of cult classic The Crow is heading to the Cannes market with FilmNation Entertainment where it will be among the hot packages.
football analyst once his playing career ends, the network said Tuesday.When that actually happens is unclear, because Brady recently changed his mind about retiring and said he plans to continue playing for the Tampa Bay Buccaneers for his 23rd NFL season.Fox Corp. CEO Lachlan Murdoch made the announcement during a corporate investor call on Tuesday.“Over the course of this long-term agreement, Tom will not only call our our biggest NFL games with Kevin Burkhardt, he will also serve as an ambassador for us, particularly with respect to client and promotional initiatives,” Murdoch said.Murdoch said it's “entirely up to” Brady when he decides to retire from football and join Fox.
Quarterback Tom Brady has been confirmed as Fox’s lead NFL analyst, with the job waiting for him whenever his playing career finally concludes.