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CFOs On the Move: Week Ending July 1
McDonald’s, Dollar Tree, GoFundMe, Stride, Otis, Intrusion, Monogram Health, Mass Luminosity
By
Lauren Muskett
| July 1, 2022
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Financial Performance
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."
By
Matthew Heller
| January 27, 2021
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Financial Performance
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.
By
Matthew Heller
| January 20, 2021
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Strategy
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.”
By
Matthew Heller
| December 4, 2020
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Financial Performance
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."
By
Matthew Heller
| November 13, 2020
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Technology
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.
By
Lauren Muskett
| October 22, 2020
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Strategy
Disney Reorganizes to Focus on Streaming
The reorganization comes as the coronavirus pandemic has closed parks and stalled film production.
By
Lauren Muskett
| October 13, 2020
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Strategy
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."
By
Matthew Heller
| October 9, 2020
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Financial Performance
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.
By
Matthew Heller
| July 17, 2020
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Financial Performance
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."
By
Matthew Heller
| May 6, 2020
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Tech
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.”
By
Matthew Heller
| April 14, 2020
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Technology
Warner Music Pitches IPO on Streaming Surge
The record label believes "consumer adoption of paid streaming services still has significant potential for growth.”
By
Matthew Heller
| February 7, 2020
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Financial Performance
Netflix Subscriber Growth in U.S. Misses Forecast
Netflix's "operations abroad look as promising as ever ... while clouds are beginning to gather in the company's home market."
By
Matthew Heller
| January 22, 2020
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M&A
CBS, Viacom to Reunite After 13 Years Apart
The reunification of Sumner Redstone's media empire will create "a world-class, multiplatform media organization," his daughter says.
By
Matthew Heller
| August 14, 2019
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Financial Performance
Disney Profit Falls on Weak Results From Fox
The results from the Fox movie studio were “well below” what Disney hoped for “when we made the acquisition,” CEO Bob Iger says.
By
Matthew Heller
| August 7, 2019
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Financial Performance
Netflix Posts Record Quarterly Subscriber Gain
“What’s making investors nervous is that there are signs of a slowdown in the second-quarter subscriber growth,” an analyst says.
By
Matthew Heller
| April 17, 2019
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