entertainment-business6.47 min read
The Rise and Fall of MoviePass: A Cautionary Tale
1 year ago•Source: The Guardian
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3.725 min•1 year ago
"Disney CEO Bob Iger Clarifies Company's Stance on Messaging and Entertainment"
Disney CEO Bob Iger stated that the company's primary goal is to entertain rather than convey messages in its content, dismissing criticisms from activist shareholders like Nelson Peltz and Elon Musk. Despite recent shareholder support, Iger faces the challenge of revitalizing Disney's performance and succession planning. The company is focused on priorities such as making Disney+ profitable, integrating Hulu, and navigating cultural and strategic shifts in the entertainment industry. Additionally, there is speculation about potential successors, with Dana Walden being considered a strong contender for the CEO position.
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"AMC CEO Blames Hollywood Strikes for Record-Low Box Office Performance"
MarketWatch•1 year ago
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"Netflix Co-Chief Ted Sarandos Praises WWE Deal as Key to Emerging Sports Drama Strategy"
Netflix Co-CEO Ted Sarandos celebrates the acquisition of exclusive rights to WWE programming, emphasizing its alignment with the company's sports strategy and potential for international growth. The 10-year, $5 billion deal includes non-U.S. rights and will add to Netflix's event programming, with plans for expansion into new territories. Sarandos sees WWE as complementary to the company's ad-supported tier and indicates that the move does not signal a shift in Netflix's approach to conventional sports rights.