“And the Oscar goes to…”
10.02.2022 - 03:19 / deadline.com
Disney CFO Christine McCarthy warned that carriage costs for pay-TV bundle Hulu + Live TV would drive an $800 million to $1 billion increase in streaming costs during the current quarter.
The internet-delivered TV package now had 4.3 million subscribers, the company revealed in its fiscal first-quarter results, and has increased the number of networks it offers customers. Disney+, meanwhile, is pursuing a years-long plan to boost offerings in pursuit of subscriber growth, while ESPN+ shoulders significant rights costs.
Along with the streaming increases, linear expenses “may impact our second quarter results,” McCarthy said.
Linear networks will see a roughly $500 million increase in programming and production costs, McCarthy predicted, blaming “factors including Covid-related timing shifts.” Disney’s networks also aired four additional NFL games at the start of the current quarter (a result of the league expanding its season), plus this year’s Academy Awards will be in March. The 2020 Oscars had slid back to April, a different fiscal quarter, due to the pandemic.
Content Sales/Licensing and Other will also face difficult comparisons, McCarthy said. She estimated there will be a $200 million hit to operating income compared with fiscal 2021, due to the company holding back on titles for its own streaming outlets.
Asked during a conference call with analysts about the company’s outlook for breaking even on Disney+, McCarthy said there is no change to the view for break-even by fiscal 2024. She did say the company expects to have made “significant progress” by 2023.
CEO Bob Chapek said the company has achieved its goal of having at least one new title a week on Disney+, but a push is on to get to an even higher level. “It’s all
“And the Oscar goes to…”
to nab every vote but one when she faced off against her ally, Todrick Hall, in the finals.«I was very surprised. I thought it was gonna be four and four. I was just trying to predict how I thought everybody was gonna vote,» Tate told ET.
Spoiler alert! Former UFC champ Miesha Tate became the winner of Celebrity Big Brother season 3 and took home the $250,000 prize during the live Wednesday, February 23, finale.
"Love Sux” Avril Lavigne (DTA Records)Avril Lavigne is known for being a pillar of pop-punk in the early 2000s, who paved her own path in the male dominated alt-rock world. It’s been almost 20 years since her debut album “Let Go,” was released in the summer of 2002.
must be submitted via a London Music Hub here (each London Music Hub may submit up to three acts for consideration). All entrants must be in years 10-13 of the academic year 2021/2022.A shortlist of acts will be invited to a live audition in the Hall’s Elgar Room this July.Lucy Noble, Artistic Director of the Royal Albert Hall, said: “We couldn’t be more excited to launch this opportunity for aspiring young musicians, and would like to encourage as many people as possible to apply.
Ed Sheeran and The Who are on the lineup for the returning Teenage Cancer Trust concert series, which has been on hiatus for two years due to the coronavirus pandemic. The music and comedy event will be held at the Royal Albert Hall in London between 21-27 March. Liam Gallagher, Yungblud, Madness and Don Broco are among the other musical guests booked to perform.
Salma Hayek has signed a first-look deal with Univision for its recently announced streaming platform, ViX. Under the 2-year deal, Hayek, through her production company Ventana Rosa, will produce exclusive Spanish-language feature films.
The CFO of ViacomCBS, soon to be known as Paramount, said Tuesday that the company is looking hard for “efficiencies” at its traditional businesses to divert as much cash it can to streaming, where investment will hit an estimated $6 billion in 2024.
Mitski’s new album ‘Laurel Hell’ was the biggest-selling record in America in its first week of release, new figures have confirmed.The record, which was released on February 4, is currently at Number Five on the Billboard 200 chart, behind albums by Gunna, Yo Gotti and Morgan Wallen, as well as the Encanto soundtrack.Although it didn’t hit the top spot on the chart, ‘Laurel Hell’ did score the highest pure sales numbers of the week, Billboard has confirmed. Of 36,000 album-equivalent units, 24,000 were sales – as opposed to units made up by streaming figures or purchases of individual tracks.Of that number, 17,000 sales were on vinyl – giving Mitski the biggest sales week for vinyl since Adele’s ’30’ sold 35,000 copies in seven days last year.In the UK, ‘Laurel Hell’ reached Number Six on the Official UK Albums Chart and Number Three on the Official UK Independent Albums Chart.In a four-star review of the album, NME said: “With each record, Mitski’s sound has grown bigger and grander […] Much like ‘Be The Cowboy’ stand-out ‘Nobody’, ‘Laurel Hell’ often pairs darkness with strobing lights (see: ‘Should’ve Been Me’ and ‘Love Me More’).
EXCLUSIVE: As it approaches the launch of its free, ad-supported streaming service, Chicken Soup for the Soul has set content deals with Kin and Reel One Entertainment and lined up a slate of originals.
The top songs about love are sure to get you through this Valentine’s Day.
Elsa Keslassy International CorrespondentMK2 Films, the banner behind Joachim Trier’s “The Worst Person in the World,” has boarded “Love Life,” the anticipated next film of laureled Japanese director Koji Fukada. Fukada’s credits include the 2016 movie “Harmonium” which won the jury prize at Cannes’ Un Certain Regard, as well as “A Girl Missing” which played at Toronto. His latest film, “The Real Thing” was part of Cannes 2020’s Official Selection.
Jennifer Maas TV Business WriterDisney plans to increase spending on Disney Media and Entertainment Distribution (DMED) programming by more than $1 billion this quarter versus the same period last year.For the current quarter, the company plans to up its spending on direct-to-consumer programming by between $800 million and $1 billion versus the comparable fiscal 2021 quarter, CFO Christine McCarthy said during Disney’s fiscal Q1 2022 earnings call Wednesday. On the linear network side, content spend is expected to go up by approximately $500 million.“It’s all about content, content, content,” CEO Bob Chapek said on the call, which followed Disney’s announcement that Disney Plus had reached nearly 130 million subscribers by the end of 2021.