AT&T Takes $15B Writedown on Ailing DirecTV
The writedown of the premium TV business reflects "years of cord-cutting as viewers move to cheaper online streaming services."
Netflix Tops 200M Subs, Sees Positive Cash Flow
The streaming giant's shares jumped 12% after it indicated it would return any excess cash to shareholders through buybacks.
Warner Bros. to Release 2021 Movies on HBO Max
The studio's departure from the traditional distribution model could "fundamentally change the way people watch movies years after coronavirus fades.”
Disney Loses $710M, Gets Boost From Streaming
“The real bright spot has been our direct-to-consumer business, which is key to the future of our company."
Quibi Shuts Down Six Months After Launch
The short-form video streaming service raised a total of $1.8 billion in funding but failed to attract subscribers.
Disney Reorganizes to Focus on Streaming
The reorganization comes as the coronavirus pandemic has closed parks and stalled film production.
WarnerMedia Plans More Layoffs as Virus Bites
“Like the rest of the entertainment industry, we have not been immune to the significant impact of the pandemic."
Netflix Adds 10 Million Subs But Stock Slides
As "consumers get through the initial shock of COVID and social restrictions," Netflix sees subscriber growth slowing to 2.5 million in the third quarter.
Disney Earnings Plunge Amid Park Closures
“Disney has gone from being on top of the world a la Lion King, to feeling like Eeyore stuck in the middle of a perfect storm with no end in sight."
Roku Shares Surge as Lockdowns Boost Revenue
The streaming device maker says people sheltering at home has "resulted in an acceleration in new account growth and an increase in viewing.”
Warner Music Pitches IPO on Streaming Surge
The record label believes "consumer adoption of paid streaming services still has significant potential for growth.”