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- EntertainmentVariety
Charades Boards Cannes’ Critics Week Migrant Drama ‘Blue Sun Palace,’ Unveils Clip (EXCLUSIVE)
French sales powerhouse Charades has boarded Constance Tsang’s migrant drama “Blue Sun Palace” which is set to world premiere at Cannes’ Critics’ Week. WME Independent is representing domestic rights for the movie in North America. “Blue Sun Palace” is set in the Chinese community of Queens with a vibrant cast led by award-winning Taiwanese actor …
2-min read - BusinessThe Wrap
Peacock Narrows Streaming Loss to $639 Million in Q1, Hits 34 Million Paid Subscribers
Comcast beat earnings expectations with revenue of $30.06 billion and a 0.6% increase in profit The post Peacock Narrows Streaming Loss to $639 Million in Q1, Hits 34 Million Paid Subscribers appeared first on TheWrap.
2-min read - BusinessDeadline
Comcast Edges Wall Street Q1 Estimates; Peacock Reaches 34M Subscribers As Its Losses Continue To Narrow And Revenue Tops $1B
Comcast reported first quarter results that outpaced Wall Street expectations, with Peacock reaching 34 million subscribers but posting higher programming costs. Total revenue inched up 1% to $30.1 billion, with adjusted earnings per share coming in at $1.04, up from 92 cents in the year-ago period. The Media division, which includes Peacock, reported a nearly …
2-min read - BusinessVariety
Comcast Ekes Out Q1 Profit Gain Despite Cord-Cutting, Tepid Ad Spending
Comcast notched a small first-quarter profit despite continued erosion in its core cable operations and a lack of new spending from advertisers at its NBCUniversal operations. The Philadelphia owner of NBC, USA and the Peacock streaming service said profit rose just 0.6% during the period, to $3.86 billion, or 97 cents a share, compared with …
2-min read - BusinessIndiewire
Peacock Lost $639 Million to Start 2024
But it gained 3 million subscribers, thanks in large part to the first-ever streaming-exclusive NFL playoff game.
2-min read - BusinessThe Hollywood Reporter
Peacock Quarterly Loss Narrows to $639M as Streamer Hits 34M Subscribers
Peacock, the streaming service of Comcast’s entertainment unit NBCUniversal, grew its first-quarter revenue and narrowed its loss to $639 million from $704 million in the year-ago period, and $825 million in the fourth quarter of 2023, despite higher programming costs. The streamer ended March with 34 paying subscribers, compared with a year-end 2023 figure of 31 million, …
4-min read - BusinessThe Hollywood Reporter
TelevisaUnivision Nears Streaming Profit, CEO Calls Audience “Likely the Deciding Factor” in Elections
Spanish-language media giant TelevisaUnivision reported virtually unchanged U.S. revenue of $739.9 million in the first quarter of 2024, as a 4 percent drop in “other” revenue was offset by subscription and licensing revenue, as well as advertising revenue that rose minimally. It also touted that its streaming business, which had ended 2023 with more than 7 million …
3-min read