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...Netflix’s crackdown on password sharing helped the streaming service blow past Wall Street’s earnings forecasts, but its shares fell after it said it planned to stop regularly disclosing its subscriber numbers...
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...Los Angeles-based Capital is best known for an unusual investing philosophy that has attracted $2.2tn in assets under management....
...Paramount has been viewed as a potential target for consolidation for several years....
...Executives said they expected consolidation among the traditional entertainment companies, but added that they did not intend to be buyers....
...The streaming service is betting that screening three live programmes a week will allow it to capture the large and loyal fan base for a show that helped launch the careers of Dwayne “The Rock” Johnson,...
...But subscriptions outside of North America grew over the same period, and the business unit that contains the streaming services was profitable for the year....
...Now, analysts, investors and executives predict consolidation could be ahead next year as some of the smaller services combine or bow out of the streaming wars....
...But the cost of sports rights has been rising as tech companies such as Apple and Amazon have started to bid for some games for their streaming services....
...Transparency on streaming services was a central issue during this year’s Hollywood strikes....
...Subscribers to the basic service in the US will see their monthly bill rise by $2 to $11.99, while premium subscriptions will rise by $3 to $22.99....
...Warner owns the Max streaming service, which could be combined with Paramount Plus if a deal were to materialise....
...For most of the silent film era, the place to catch a movie in Los Angeles was downtown, where a six-block stretch of Broadway was lined with a dozen cinemas fronted with grand marquees and buzzing neon....
...Drescher had argued that actors should receive a cut of streaming services’ revenue....
...Netflix relied heavily on programming that it licensed from other companies when it launched its streaming service in 2007....
...Others say it is about building awareness of its streaming service. And some say putting films in cinemas is simply the best way to sell films....
...Additional reporting by Christopher Grimes in Los Angeles...
...Other streaming television services, including Sling and Fubo, have offered promotions to affected Spectrum customers in recent days....
...Charter wants any future ESPN streaming service to be offered for free to its cable subscribers, an idea that Disney has rebuffed, analysts say....
...Founded by former Uber and Lyft executive Travis VanderZanden in Los Angeles in 2017, Bird spawned dozens of copycat companies around the world....
...The CNN+ streaming service was axed shortly after Warner and Discovery completed their merger in April 2022. High-profile presenters were fired, and morale collapsed....
...What we lack in comparable scale, we compensate for in depth and attention to specialised markets,” says Greg Hilty, curatorial director of Lisson Gallery, which has spaces in London, New York, Los Angeles...
...Angeles....
...The “My AI” chatbot, powered by OpenAI’s ChatGPT, was launched in February to subscribers of Snap’s premium service, but will now be offered to all of the app’s 750mn monthly active users....
...Spencer Neumann, Netflix chief financial officer, said new ad-supported services were still in “start-up mode”....
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