Media Play News’ Post

〰️ 𝐔𝐏𝐃𝐀𝐓𝐄 Q3: "Universal reported third quarter theatrical revenue of $504 million, which was 25.1% less than box office revenue of $673 million in the previous-year period. Content licensing declined 25.4% to $1.69 billion from $2.26 billion in the prior year 90-day period. The studio’s “other” business segment, which includes home entertainment, saw revenue drop 9% to $324 million from $356 million." #boxoffice

Today, with immediate effect, Prime Video & Amazon Studios becomes the newest hybrid member of the British Association for Screen Entertainment (BASE) & DEGI: The Digital Entertainment Group International. They join the thriving community of BASE and DEGI, and the eighty-five-plus organisations united in their pursuit of growth and success for Home Entertainment in the UK and Internationally. Prime Video delivers an entertainment destination that is fast, reliable, personal, effortless, and delightful. The Prime Video team comprises individuals obsessively focused on one mission: to give consumers the world’s best-in-class digital video customer experience. Liz Bales, Chief Executive at BASE and DEGI said: “Joining the membership of BASE and DEGI is a welcome progression in our ongoing partnership with Prime Video, evolved across years of effective cross-category growth activity in multiple territories. Through collaboration and an exploration of our collective understanding of consumer behaviours and sector trends, we enrich our ability to engage with audiences and grow the Home Entertainment segment internationally.” Prime Video joins the eighty-five-plus strong membership of BASE and DEGI. Membership is open to all sector stakeholders and already spans major film distributors, independent film studios, content creators, commercial entities, creative production agencies, insight providers, digital service providers (DSP), and regulatory partners and related associations. Read more here: https://lnkd.in/eP9yquWX

Interesting news update you bring up! Definitely think that the rise of streaming on demand is becoming the more dominant form of entertainment consumption, but what could this imply for the theatrical distribution business? Will this be a threat that could heavily impact theatrical sales and cinema business? I think it’s definitely something for theatricals in the industry to consider… #theatricaldistribution #theatricalspace #entertainmentnews #entertainmentindustry #entertainmentbusiness #streaming #streamingsales #homeentertainment #streamingbusiness

Streaming business turnaround: All major studio streaming divisions will be profitable within 18 months Ampere Analysis predicts A significant turnaround for studio direct streaming is just around the corner with all major studio streaming divisions (*excluding sports operations) set to turn a consistent profit within 18 months, the latest research from Ampere Analysis suggests. The shift to profitability has wide-ranging implications for content production and the wider entertainment landscape with a reversal of investor negativity likely to come sooner than previously predicted. Who will achieve profitability first? After investor sentiment towards direct streaming soured and studios implemented a series of cost rationalization measures, the scene is now set for the streaming businesses of Disney, Warner Bros. Discovery, Paramount and NBCUniversal to head achieve consistent quarter-on-quarter profitability with the narrative switching from ‘when will studio streaming make money?’ to ‘who will get there first?’ While some studio streaming operations have already reported small profits, the analysis looks at timelines for consistent profitability, taking into account income from subscription and advertising against content costs, staff and marketing costs, depreciation and amortization to predict the point that businesses reach consistently positive EBIT. Ampere predicts that #Disney is likely to get there first, as early as calendar Q1 2024 (two quarters earlier than the company itself has predicted). Warner Bros. Discovery will be a close second, reaching consistent profitability by calendar Q3 2024 with both #Paramount and #NBCU** not far behind, achieving the goal by Q1 2025. Not only have all the major studio streamers now laid the groundwork for profitability in relatively short order, but they all also look likely to turn streaming direct into significant sources of profit. By 2028, studios will earn between $1bn and $2bn EBIT a year from streaming based on current market footprint alone. Additional geographic expansion would lead to even more upside. Cost rationalization and advertising revenue deliver results The shift in fortunes has been driven by two major factors: cost rationalization (particularly the two major cost centres of content and staff) and the move to embrace advertising dollars. Advertising also provides a wild card opportunity for significantly more growth and profit than currently predicted by the models, which are based on known existing operations. Executive Director at #AmpereAnalysis Guy Bisson says: “The analysis shows that streaming direct is not a broken business model but an important revamp of an existing content exploitation window..." #streaming #svod #vod Ampere Analysis

Finally! It took them long enough to realise that viewers have distinct preferences and content needs. 🙄 With competition intensifying in this space, differentiation and knowing (listening) to what your audience want, is crucial. #streaming #football #vod #premierleague #customerexperience #showmax #marketing #innovation

🚨New Show Tracker Insight: Sales of Chucky Highlight the Opportunities for Local Buyers In a market where most US content is destined to appear on its own studio’s service internationally, Show Tracker reveals that Season 3 of Chucky is vertical integrated in only four markets, with #NBCUniversal having successfully already sold its first and second season to a wide variety of buyers. This highlights a change in distribution activity as many studios signal that they intend to start licensing more content to third parties as their investors push profitability, increasing opportunities for local buyers to acquire content. Read the full insight ➡️ https://hubs.la/Q023PGWK0 #3VShowTracker #ContentDistribution #ContentAcquisition #StreamingTrends

Sometimes Shorter Is NOT Better (Although usually, it is! Check out Rebeca's latest on the Max brand name and why it's just not great.) #brandtrue #brandnaming #naming

🚨New Insight: Studios Stepping in to Both Sides of Second Window Distribution The second window remains pivotal for distributors, particularly for studios looking to maximise revenue from their award winning #originals by licensing to platforms other than their own. In this insight, Jack Thomas uses Show Tracker data to reveal the top buyers of second windows across key international markets. Read more ➡️ https://hubs.la/Q02hSgjF0 #TVInsights #Windowing #ContentBuyer #ContentAcquisition