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Entertainment Business

All articles tagged with #entertainment business

entertainment-business1 year ago•6 min saved

The Rise and Fall of MoviePass: A Cautionary Tale

The HBO Max documentary "MoviePass, MovieCrash" explores the rise and fall of MoviePass, a subscription service that offered daily movie tickets for $9.95 a month. Initially popular, the company quickly amassed debt and faced operational issues, leading to its collapse in 2019. The film highlights the contrasting visions of its founders, Stacy Spikes and Hamet Watt, and the new management, who prioritized quick profits over sustainability. The story underscores issues of reckless growth, private equity greed, and racial bias in the startup world.

via The Guardian|

#business-failure #documentary #entertainment-business

entertainment-business1 year ago•3 min saved

"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.

via NBC News|

#bob-iger #disney #entertainment-business

business1 year ago•0 min saved

"Kiss Sells Rights for $300mn, Lamb Weston Stock Drops on Earnings Miss and System Change"

Rock band Kiss has sold the rights to its name, image, and likeness to the company behind the Abba hologram show for $300 million, as the music industry continues to see a trend of established artists monetizing their brands through such deals in the entertainment business.

via Financial Times|

#business #entertainment-business #hologram-show

entertainment-business1 year ago•2 min saved

"Taylor Swift's Exclusive Singapore Concert Deal Sparks Southeast Asia Diplomatic Tensions"

Taylor Swift's exclusive deal to perform only in Singapore on her Southeast Asian tour is expected to give the Singaporean economy a $370 million boost, sparking controversy among neighboring countries. Meanwhile, Hong Kong's reaction to Lionel Messi's absence from a friendly match highlights the contrasting approaches of cities in attracting global stars.

via Quartz|

#concert-economics #entertainment-business #lionel-messi

entertainment-business1 year ago•4 min saved

"Apple's $200 Million Big-Screen Gambles: The Aftermath of 'Argylle' Bombing"

Apple has spent $200 million on big-budget movies like "Argylle," "Killers of the Flower Moon," and "Napoleon," with mixed box office results. While these films may not recoup their investments in theaters, they could attract subscribers to Apple TV+ and generate awards buzz. Despite concerns about profitability, Apple's deep pockets allow it to continue experimenting with its film strategy, which prioritizes prominence over profits. However, the company's theatrical flops raise questions about its long-term viability in the movie industry and its ability to attract top talent.

via Variety|

#apple #box-office #entertainment-business

entertainment-business1 year ago•1 min saved

"AMC CEO Blames Hollywood Strikes for Record-Low Box Office Performance"

AMC CEO Adam Aron expresses frustration over the decline in the company's share price, attributing it to the impact of the 2023 actors/writers strikes on the early 2024 box office. He also mentions the lingering impact of the COVID-19 pandemic on the movie-theater industry. The stock has hit record lows, reflecting the demise of its meme-stock status, and is down 90.8% in the last 52 weeks. Aron's recent tweets also include praise for Joel Embiid and the Kansas City Chiefs.

via MarketWatch|

#amc #box-office #ceo

entertainment-business2 years ago•2 min saved

"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.

via Deadline|

#entertainment-business #netflix #sports