Media +Technology Intelligence
The Walt Disney Co. beat Wall Street expectations in its latest quarterly earnings report. The company reported revenue of $21.8 billion and net income of $1.1 billion, with earnings per share of $1.06. Wall Street expectations were for revenue of $18.78 billion and EPS of $0.58. Source: Disney Crushes Wall Street Expectations, Disney+ Soars to Nearly 130M Read More …
For the current quarter, the company plans to up its spending on direct-to-consumer programming by between $800 million and $1 billion versus the comparable fiscal 2021 quarter, CFO Christine McCarthy said during Disney’s fiscal Q1 2022 earnings call Wednesday. On the linear network side, content spend is expected to go up by approximately $500 million. Read More …
Independent content creators thrive on social media, but that medium only addresses short-form offerings. There is a white space of potential open for the independents to have their voices heard on the big screen, whether through a channel, a show, a documentary or a movie — and one way to break through to audiences is Read More …
With an image of a phoenix emblazoned on a screen behind him, Stacy Spikes, the founder of MoviePass, announced on Thursday that the controversial and defunct service will relaunch this summer. But there were still many questions that were left unanswered. Namely, Spikes did not give pricing information for the various plans that MoviePass will begin offering Read More …
The year 2021 saw enormous growth in the use, interest and diversification of blockchain technologies. From the rise of non-fungible tokens (NFTs) as a digital art medium to the establishment of numerous bespoke cryptocurrencies, blockchain stood at the nexus of intellectual property, content creation and finance. Source: Content Distribution on the Blockchain: A Case Study Read More …