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Related Special Reports
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...Media companies and cable distributors have clashed over what content should be made available to cable customers and streaming platforms....
...Disney’s direct-to-consumer unit, which includes streaming service Disney+, is still reporting large operating losses....
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...content....
...Investors are sceptical that the group can compete in a cut-throat streaming business in which it is battling against much larger groups such as Disney, Netflix and Amazon....
...Disney claims that its content remains the centrepiece of the cable bundle. There must be a creative solution....
...Disney streams content in India and its neighbours through Disney+ Hotstar, which evolved from the Star India platform Disney acquired along with other 21st Century Fox assets in 2019....
...Disney and Penn will hope this deal is a game-changer. In exchange for gaining access for its wagering app within ESPN content, Penn will pay Disney $1.5bn over the next decade....
...Disney on Wednesday said it would cut its spending on content by another $2bn next year to about $25bn — well below the $30bn it spent in 2022....
...Sony’s story in India started 40 years ago, when Japanese companies saw south Asia as just another growing market for electronics....
...“We know [sports fans] want both betting content and the ability to place bets with less friction from within our products,” he said in a statement....
...Reese Witherspoon sold her company Hello Sunshine to Blackstone for $900mn in 2021, for example, and Blackstone-backed Candle Media took a $60mn stake in Will Smith and Jada Pinkett Smith’s Westbrook Inc...
...That puts the stock on a multiple of 25 times forward earnings — more than Disney but well below the three-year average....
...Electronic Arts’ decision to cut ties with Fifa and rebrand one of the world’s most popular video games appeared on Friday to have paid off, with early demand for its flagship football franchise well up...
...The second is content. As you bring more capabilities to those devices, you have better content. I think we are on that trajectory....
...Commissioning bloat stems from the rise in well-funded streaming services such as Netflix, Disney+ and Peacock, desperate for content to hook subscribers. The streaming wars have pushed up spending....
...The lapsing of Disney and HBO’s partnership in India gave Viacom18 an opportunity to challenge Disney on English language content, which Shah said would complement its recently announced slate of local TV...
...However, the only service Disney announced for the device at launch was its existing Disney Plus video streaming content....
...It helps that rivals such as Disney have been forced to accept that expensive streaming content requires higher subscription prices....
...That means Netflix will spend less on content. Free cash flow is expected to be at least $5bn this year, up from $1.6bn in 2022....
...He added that Adam Presser, TikTok’s current chief of staff, would take over the role, while Zenia Mucha, a 20-year veteran of Disney, would join the short-form video app in a newly formed role of chief...
...But rather than relying on digital media groups for content, tech groups such as Meta have deprioritised and changed strategies away from paying for third-party news in particular....
...Iger told CNBC last month that “everything is on the table” regarding Hulu’s future, noting that he was “concerned” about “undifferentiated” content....
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