Industry News

By Paul Bond, Pamela McClintock April 26, 2018 | MoviePass, The subscription service famous for supplying a movie ticket per day for just $9.95 a month hasn’t been offering that wildly popular package since April 13, when it decided to slash it to just four tickets a month. The new offering, which also includes iHeartRadio All Access (normally $9.99 a month), is being...

By Carolyn Giardina , Pamela McClintock April 24, 2018 | There's a radical idea being proposed about the future of cinema that's being debated this week in Las Vegas: putting LED screens in theaters (effectively large video walls) as a replacement for projection, which is how movies have been shown since the birth of the art form. National Association of Theatre Owners head John...

By Shalini Ramachandran,  Amol Sharma and David Benoit April 25, 2018 | Comcast on Wednesday lobbed an official $31 billion proposal to buy European pay-TV operator Sky PLC, topping an existing offer from 21st Century Fox Inc., which already owns a 39% stake in Sky. Fox counts Rupert Murdoch and his family as major shareholders. Separately, the cable giant is weighing whether to play interloper on Fox’s $52.4 billion deal to sell...

By Todd Spangler April 24, 2018 | Hollywood has been waiting to see when Netflix will downshift out of the fast lane — specifically, when it will stop burning tons of cash on an ever-expanding bonfire of original titles. That day is not coming anytime soon. The streamer could soon be worth more than Disney, which once was rumored to be a suitor, as it rides investor...

By Todd Spangler April 23, 2018 | Netflix priced a junk-bond offering of $1.9 billion — the streamer’s biggest round of debt financing to date — as it looks to fuel its continued content binge-spending. The $1.9 billion debt offering, announced Monday evening, was increased from Netflix’s plan announced earlier in the day to issue $1.5 billion in debt. Read more on Variety. Related Articles: Netflix Might Soon Be...

By Tony Maglio April 20, 2018 | Who needs a press conference? On Thursday, AT&T boss Randall Stephenson unveiled details about a new streaming bundle while testifying against the federal government in his Time Warner takeover case. AT&T’s “Watch” will cost $15 per month and is set to debut within weeks, Stephenson said from the witness stand. Compare that with the media giant’s...

April 19, 2018 | Comcast Corp. offered 21st Century Fox Inc. at least 16% more for a chunk of its assets than Walt Disney Co. did, though regulatory concerns ultimately led controlling stockholder Rupert Murdoch to accept the lower bid. In a joint filing Wednesday with Disney in connection with their $52.4-billion deal, Murdoch's 21st Century Fox described months-long talks with a...

By Ryan Faughnder April 18, 2018 | Netflix, the global streaming giant that has dramatically changed the TV industry and clashed with movie theater owners, may be ready to move onto the big screen in a new and surprising way — by owning cinemas. The Los Gatos, Calif., company has explored the idea of buying movie theaters in Los Angeles and New York...

By Andrew Wallenstein April 16, 2018 | Don’t let Netflix’s quiet M&A track record fool you: The company is open to making the right deal, according to top execs who discussed that prospect in an appearance on the streaming service’s pre-taped discussion following its earnings report Monday. Though the Los Gatos, Calif.-based company has made only one acquisition in its 20-year history — comic-book publishing company Millarworld — Netflix chief...

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