streaming Archives - CFO

AT&T Takes $15B Writedown on Ailing DirecTV

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

Netflix Tops 200M Subs, Sees Positive Cash Flow

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

Warner Bros. to Release 2021 Movies on HBO Max

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

Disney Loses $710M, Gets Boost From Streaming

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

Quibi Shuts Down Six Months After Launch

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

Disney Reorganizes to Focus on Streaming

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

WarnerMedia Plans More Layoffs as Virus Bites

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

Netflix Adds 10 Million Subs But Stock Slides

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

Disney Earnings Plunge Amid Park Closures

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

Roku Shares Surge as Lockdowns Boost Revenue

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

Warner Music Pitches IPO on Streaming Surge

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

Netflix Subscriber Growth in U.S. Misses Forecast

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

CBS, Viacom to Reunite After 13 Years Apart

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

Disney Profit Falls on Weak Results From Fox

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

Netflix Posts Record Quarterly Subscriber Gain

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