Amazon to buy MGM for $US6.5 billion, excluding debt

Original article by Joe Flint, Dave Sebastian
The Wall Street Journal – Page: Online : 27-May-21

Electronic commerce giant Amazon.com has struck a deal to acquire Hollywood film studio MGM. The deal will bolster Amazon’s subscription video-on-demand service as competition in the streaming market intensifies. MGM’s library of more than 4,000 films includes franchises such as James Bond, while the studio also produces television shows such as The Handmaid’s Tale. There is also scope for Amazon to create spin-offs from MGM’s popular franchises, a strategy used by rival streaming services. Amazon will pay $US6.5bn for MGM, or $US8.45bn including debt.

CORPORATES
AMAZON.COM INCORPORATED, AMAZON PRIME VIDEO, METRO-GOLDWYN-MAYER INCORPORATED

Netflix growth slows as economies reopen

Original article by Micah Maidenberg
The Australian – Page: 19 : 22-Apr-21

Subscription video-on-demand giant Netflix has posted a profit of $US1.71bn for the March quarter, compared with $US542.2m for the same period in 2020. Revenue rose from $US6.64bn previously to $US7.16bn, but Netflix added just four million new subscribers globally. This is well below the 15.8 million new subscribers it gained in the March 2020 quarter, amid the onset of the COVID-19 pandemic. The easing of lockdown restrictions and growing competition from rival SVODs services are among the challenges facing Netflix.

CORPORATES
NETFLIX INCORPORATED

Democratic convention viewership tumbles 24% on first night

Original article by Gerry Smith, Christopher Palmeri
Bloomberg – Page: Online : 20-Aug-20

Data from Nielsen shows that about 19.7 million people watched the first night of the Democratic National Convention on broadcast and cable television networks. This compares with a first night viewership of 25.9 million in 2016. However, some 10.3 million people watched a live stream of the convention, compared with just three million in 2016. Joe Biden’s election campaign team estimates that the combined broadcast and streaming audience was nearly 29 million, which is slightly higher than four years ago.

CORPORATES
DEMOCRATIC PARTY (UNITED STATES), THE NIELSEN COMPANY

Disney bets billions on content for streaming battle with Netflix

Original article by Max Mason
The Australian Financial Review – Page: 23 : 13-Nov-19

The Disney+ subscription video-on-demand service will be launched in Australia on 19 November, following its US debut. Walt Disney Company has revealed plans to invest $US1bn in original content for the new streaming service in 2019, which will increase to $US2.5bn ($3.65bn) by 2024. The media giant forecasts that Disney+ will boast between 60 million and 90 million paid subscribers by fiscal 2024. Netflix is investing some $US15bn on original content during 2019.

CORPORATES
WALT DISNEY COMPANY, DISNEY+, NETFLIX INCORPORATED, 21ST CENTURY FOX INCORPORATED

Is Netflix falling out of favour? US viewers are shunning the streaming platform

Original article by Zona Black
The New Daily – Page: Online : 19-Jul-19

Subscription video-on-demand giant Netflix had forecast that it would add 300,000 new US customers in the June 2019 quarter, but the number of subscribers fell by 130,000. The decline coincided with an increase in Netflix’s monthly fee, although it is also facing growing competition in the streaming video market. However, Netflix expects US subscriber numbers to rebound on the back of new content. Netflix had some 11 million paid subscribers in Australia in February, according to research by Roy Morgan, with year-on-year growth of 25.2 per cent.

CORPORATES
NETFLIX INCORPORATED, ROY MORGAN LIMITED

Stranger Things: Netflix and the challenge of tax in a digital world

Original article by Max Mason
The Australian Financial Review – Page: 29 : 1-Jul-19

The federal government has introduced laws in recent years that aim to ‘claw back’ revenue that international businesses such as Google and Netflix earn from Australian consumers and businesses. However, the laws’ effectiveness could be called in question in the case of Netflix; it is generating hundreds of millions of dollars in revenue in Australia, but that revenue is being booked by a company based in the Netherlands. A Netflix spokesperson notes that its financial practices comply with Australian and international tax laws. Roy Morgan has estimated that 11.3 million Australians were using Netflix in the three months to February.

CORPORATES
GOOGLE INCORPORATED, NETFLIX INCORPORATED, NETFLIX INTERNATIONAL BV, NETFLIX AUSTRALIA PTY LTD, ROY MORGAN LIMITED, FACEBOOK INCORPORATED, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

Disney in Comcast deal to take control of hot property Hulu

Original article by Joe Flint
The Australian – Page: 21 : 16-May-19

US media group Comcast has struck a deal to sell its one-third stake in streaming video service Hulu to Walt Disney Company. The deal could allow Disney to assume full ownership of Hulu in 2024. Hulu boasted more than 25 million subscribers in 2018, compared with just six million in 2014, and Disney has forecast that Hulu’s domestic operations will become profitable in fiscal 2023 or 2024. Disney plans to launch its own streaming service, which expected to target a different audience to Hulu.

CORPORATES
HULU LLC, WALT DISNEY COMPANY, COMCAST CORPORATION, NETFLIX INCORPORATED, 21ST CENTURY FOX INCORPORATED

Netflix subscribers on rise, but growth slows at home

Original article by Joe Flint, Micah Maidenberg
The Australian – Page: 21 : 18-Apr-19

US-based subscription video-on-demand giant Netflix boasted 148.9 million paying subscribers worldwide at the end of March, exceeding its own forecast of 148.2 million. However, Netflix added just 1.7 million new customers in the US during the March quarter, compared with overall customer growth of 9.6 million. Netflix has forecast that subscriber numbers will grow by five million in the June quarter, including 300,000 in the US. Netflix is facing growing competition from rival streaming services.

CORPORATES
NETFLIX INCORPORATED, WALT DISNEY COMPANY, AT&T CORPORATION, HBO, APPLE INCORPORATED, CBS CORPORATION, SHOWTIME, WARNERMEDIA, COMCAST CORPORATION, NBC UNIVERSAL INCORPORATED

Netflix is now worth more than Disney and Comcast

Original article by Paul R. La Monica
CNNMoney – Page: Online : 25-May-18

The market capitalisation of subscription video-on-demand giant Netflix has risen to $US151.6bn, surpassing that of traditional media groups Walt Disney Company and Comcast. Disney’s market capitalisation was $US151bn on 24 May, while Comcast is currently valued at $US144bn. Netflix had already overtaken 21st Century Fox, Time Warner, CBS and Viacom in terms of market value.

CORPORATES
NETFLIX INCORPORATED, WALT DISNEY COMPANY, COMCAST CORPORATION, 21ST CENTURY FOX INCORPORATED, TIME WARNER INCORPORATED, CBS CORPORATION, VIACOM INCORPORATED, AT&T CORPORATION, VERIZON COMMUNICATIONS INCORPORATED, AOL, YAHOO! INCORPORATED, HULU LLC, CNN, AMAZON PRIME VIDEO

Netflix foreign sales set to beat home market for the first time

Original article by Tim Bradshaw
The Australian Financial Review – Page: 23 : 18-Apr-18

US-based streaming video giant Netflix has posted net income of $US290m for the March quarter, which is 63 per cent higher than previously. Revenue rose by 40 per cent to $US3.7bn, while Netflix has forecast revenue of $US3.9bn for the June quarter. The company has also advised that revenue for its international operations is expected to be $US1.94bn in the June quarter, while US revenue is forecast to be $US1.9bn. Netflix’s total subscriber base rose by 7.4 million in the March quarter, to 125 million.

CORPORATES
NETFLIX INCORPORATED, FACEBOOK INCORPORATED, ALPHABET INCORPORATED, AMAZON.COM INCORPORATED, CANNES INTERNATIONAL FILM FESTIVAL