Earnings calls, those ritualized quarterly opportunities for public companies to convey the state of their financial affairs to Wall Street analysts and investors at large, are two-handed affairs for the Walt Disney Co.
06.06.2023 - 21:27 / variety.com
Elsa Keslassy International Correspondent Anders Jensen, the CEO of leading Nordic streaming service, has stepped down from his position and is being replaced by Jorgen Madsen Lindemann with immediate effect. Madsen Lindemann is the former CEO of MTG, which is the previous parent company of Viaplay Group and also listed on Nasdaq Stockholm. Jensen’s exit comes as the company announced the downgrade of its short-term outlook for 2023 and has withdrawn its long term operational and financial guidance. During his tenure, Jensen spearheaded the streamer’s global roll-out, including in the U.S., and ramped up the output of scripted and unscripted originals.
Viaplay expects to close the second quarter with 7.7 million subscribers, with sales between $4.21 billion and $4.3 billion. Advertising revenues are expected to be down between 12% and 16% on an organic basis during the second quarter, due to the sharp and rapid deterioration in the TV and radio advertising markets.
“The rising cost of living is resulting in lower D2C streaming and wholesale linear subscription sales, as well as higher churn levels following price increases,” said Viaplay. “The outlook for the markets in which we are operating has shifted considerably and at a very rapid pace, and the execution of cost savings programmes has not been mitigating the effects from these conditions to a sufficient extent,” said Pernille Erenbjerg, chair of the board. “The impact of the macroeconomic headwinds on the business require that we execute differently on our strategy. With more than 30 years of experience in the entertainment industry and leading Nordic and International businesses, we are confident that Jorgen has the right profile to lead this work,” Erenbjerg
Earnings calls, those ritualized quarterly opportunities for public companies to convey the state of their financial affairs to Wall Street analysts and investors at large, are two-handed affairs for the Walt Disney Co.
The Fox News producer responsible for putting up a chyron labelling Joe Biden a “wannabe dictator” resigned from the network shortly afterward, Tucker Carlson said in his latest Twitter video.
Emmerdale fans have wondered if they have spotted a potential new romance after Gabby Thomas was comforted by a pal following their sudden return to screens. As viewers of the ITV soap know, Gabby has been left heartbroken after she was jilted on her wedding day by Nicky.
EXCLUSIVE: On the eve of Sheffield DocFest, Raul Niño Zambrano has been appointed creative director of the U.K.’s leading all-documentary festival, a position he held for the past year on an interim basis.
LIVE – Updated at 17:00Former New Jersey governor and 2024 presidential candidate Chris Christie will appear before Americans on Monday night in a town hall hosted by CNN. Less than a week ago, Mr Christie officially entered the already-packed race for the Republican nomination. He joins former president Donald Trump, former vice president Mike Pence, former South Carolina governor Nikki Haley and more.
EXCLUSIVE: Pier 21 Films, the Canadian production company behind series including Run The Burbs, which is airing on The CW in the U.S., has new bosses.
K.J. Yossman Naked and Thames, two unscripted labels under the Fremantle U.K. banner, have unveiled their new managing directors, who will report to Fremantle U.K.’s CEO Amelia Brown. Tom O’Brien, who is currently acting managing director at Naked following the exit of Fatima Salaria, will remain in the position on a permanent basis. Meanwhile Thames has upped Charlie Irwin from director of programs to MD. O’Brien and Irwin will oversee each label’s strategic direction as well as its creative and commercial output. O’Brien has been at Naked for seven years, where he has created/exec produced shows including “Brian Cox: How the Other Half Live” and “The Rap Game U.K.” Before that he worked at Remarkable Television, TwoFour and Electric Ray.
This Morning viewers were in for a surprise on Monday as the hit ITV chat show's them tune underwent a new funky remix following Phillip Schofield's exit. Last month, Phillip, 61, stepped down after 21 years of hosting with immediate effect.
as a new mom.On June 9, the outspoken 27-year-old got candid with her Instagram followers about her internal battle over the “harmful and dangerous” consequences of social media and influencer culture. The former model shared that she attempted to delete the app for a variety of reasons, but especially to protect her newborn daughter, , whom she welcomed in May.“I tried to delete my Instagram last night because I just sort of reached a weird breaking point," she shared in lengthy caption.
Sean Penn was spotted sharing a steamy kiss with his new girlfriend, actress Olga Korotkova. Penn, 62, and Korotkova, reportedly 43, cozied up on a romantic holiday, as the two stepped out in the streets of Rome, Italy.
Former Manchester United midfielder Jesse Lingard is searching for a new club after leaving Nottingham Forest.
Holly Willoughby has been flooded with compliments from fans after continuing with her This Morning tradition after Phillip Schofield's exit. The presenter, 42, has been at the centre of drama in recent weeks after her co-hosts dramatic departure from ITV.
Seriously overdue. Grey’s Anatomy‘s Ellen Pompeo and Katherine Heigl sat down for a frank discussion about their career for Variety‘s Actors on Actors, which debuted on Tuesday, June 6.
The Sanderson sisters are coming back!
This Morning viewers have slammed the show over airing an interview with a man while he's on his compost toilet. Many took to Twitter to react to the guest's interesting choice of location during today's (May 31) episode, with some branding the segment a "new low" for the ITV programme.
SPOILER ALERT: This post contains spoilers from “With Open Eyes,” the series finale of HBO’s “Succession,” now streaming on Max. After four riveting, profane seasons and two best drama Emmys (so far!), “Succession” — the story of the Roy dynasty — came to an end on Sunday night. Creator Jesse Armstrong, who conceived the story of the Roys loosely around the mythology of the Murdochs, announced in February that Season 4 would be its last. The death of patriarch Logan Roy (Brian Cox) in Episode 3 provided the engine for the rest of the season, and once again divided the adult Roy siblings — Kendall (Jeremy Strong), Shiv (Sarah Snook) and Roman (Kieran Culkin) — who have an interest in running Waystar Royco, the family’s mega-corporation that was about to be sold to tech giant GoJo. As the three of them fell back into their old feuds and reopened childhood wounds, the deal solidified and dissipated as the season went on. Tom Wambsgans (Matthew Macfadyen), Shiv’s on-and-off husband; his sidekick Greg (Nicholas Braun); GoJo founder Lukas Matsson (Alexander Skarsgård), and a trifecta of Waystar executives, Gerri (J. Smith-Cameron), Karl (David Rasche) and Frank (Peter Friedman) were also players in the high-stakes, often confused chess game among the siblings. Only Logan’s hapless oldest son Connor (Alan Ruck) remained on the sidelines of the family back-stabbings, and well… front-stabbings.
Carol Vorderman has speculated on who she thinks is going to replace Phillip Schofield on This Morning after he quit the show and admitted to having an affair with a 'much younger colleague'. The 61-year-old presenter sensationally quit This Morning last Saturday after 21 years of fronting the show, amid reports of an ongoing 'feud' with his co-host Holly Willoughby.
@taylorswift13,” Murphy said in a tweet, referencing the musician’s 2014 track “Welcome to New York.” The post was coupled with a video of the governor making the news Garden State official. pic.twitter.com/PsukIWvTnJ“In New Jersey, we have a reputation for a great war between Taylor ham and pork roll,” Murphy said in the clip.
In what seems to be a classic Friday afternoon ‘bad news’ dump, under fire UK presenter Phillip Schofield has been ditched by his agency of 35 years, YMU.
An untitled “The Walking Dead” spinoff centering on Andrew Lincoln’s Rick and Danai Gurira’s Michonne was also announced during the Television Critics Association Winter Press Tour in January, which at the time was expected to air in 2024. The eighth and final season of “Fear the Walking Dead” premiered on May 14.