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National CineMedia, operator of the nation's largest cinema advertising network, saw sales plunge and it swung into the red last quarter as more than half of all theaters were shuttered. On a conference call, execs noted recent agreements to expand outside of cinemas and said the company will be announcing another, a…

Imax sales slumped last quarter but beat Wall Street estimates and it swung to a loss. The stock popped in late trading as the company highlighted a strong box office in China and Japan, upbeat outlook and continued sales of its big-screen systems despite the pandemic. Revenue of $56 million was down from $124 million…

Marcus Corp., which runs the fourth-largest movie theater circuit in the U.S., posted fourth-quarter results below Wall Street forecasts, but execs point to brighter days in the next few months. “If the film schedule holds,” CFO Doug Neis said during a conference call with analysts, “we have much higher hopes that…

FuboTV ended 2020 on an upswing, reporting $105.1 million in revenue and 547,880 subscribers to its internet-delivered pay-TV bundle. The company reported a net loss of $167.8 million in the period. That figure as well as the revenue number — Fubo’s first quarter above $100 million — beat Wall Street analysts…

Despite shakiness in the overall sports economy, with declining TV ratings and event revenue due to Covid-19, DraftKings is wagering on the continued health of the sports betting business. The online gaming firm reported fourth-quarter results ahead of Wall Street forecasts, with revenue of $322 million and a loss of…

Mark Zoradi, CEO of major exhibitor Cinemark and a former longtime Disney executive, sees some familiar elements on the summer release calendar, which he sees as a potential Covid-19 recovery turning point. “The last weekend in May, in that traditional beginning of summer, you have Cruella from Disney and you have F9…

AMC Networks ended 2020 with more than 6 million subscribers for its AMC Networks streaming services across recently launched AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK– up 157% year-on-year. The company Friday reported fourth quarter earnings that beat Wall Street forecasts. Revenue slipped 0.6% to $780.3…

ViacomCBS topped Wall Street analysts’ expectations for its fourth-quarter results, reporting diluted earnings per share of $1.04 and total revenue of just shy of $6.9 billion. The consensus forecast by analysts was for earnings of $1.01 and revenue of $6.9 billion, up 13% and 3%, respectively, from the same quarter…

Nexstar, the No. 1 owner of local TV stations in the U.S., posted record results in the fourth quarter as political ad spending drove a 25% increase in revenue to nearly $1.4 billion. Political ad spending amounted to $298 million in the quarter ending December 31, out of total TV ad sales of $772 million. The Atlanta…

Discovery’s self-described “experiments” with programming on nascent streaming service Discovery+ are one reason why it has quickly reached almost 12 million direct-to-consumer subscribers. The company released the streaming totals — of which Discovery+ makes up the bulk — as part of its fourth-quarter earnings…

Discovery said it has passed 11 million direct-to-consumer streaming subscribers and will reach 12 million by the end of February, a gain of about 7 million subscribers since December. The parent of cable networks HGTV, TLC, Food Network and the Discovery Channel launched streaming service Discovery+ on January 4 in…

UPDATED with exec comments from call: Satellite broadcaster Dish Network posted profit and revenue gains for last quarter, beating Wall Street estimates and seeing its stock pop more than 3% in early trade. It reversed course and closed down more than 4% as the market digested the massive challenge of the company’s…