As AT&T offloads its entertainment business to the WarnerMedia division, it reported its quarterly figures for the final time – showing that HBO added nearly 13 million subscribers in the last 12 months across both traditional HBO and HBO Max – including growth of 3 million in Q1 alone. HBO Max and HBO has a […]
Netflix is rolling out a new Category Hub in its TV menu so members around the globe can more easily find their favourite genres and discover new categories of content, rather than just browse through titles. Starting immediately, users can find the new hub in the left-hand menu on both adult and kids’ profiles. There, […]
Disney has announced that original series The Old Man, a new drama starring Jeff Bridges, will be coming soon to Disney+ under the Star banner in the UK. Based on the bestselling novel of the same name by Thomas Perry, The Old Man centres on Dan Chase, played by Bridges, who absconded from the CIA […]
Billionaire hedge funder Bill Ackman has sold his stake in Netflix at a loss of about $400 million (€367.1m), reversing his bullish position in the streaming giant. The New York investor bought more than $1 billion of Netflix stock in January, betting against the downward consensus forecasts on the company’s subscription levels. Ackman said at […]
BritBox International, the BBC & ITV joint venture, will launch in Sweden, Denmark, Norway and Finland on April 28th, offering thousands of hours of British content. The streaming service’s Nordic debut will extend Britbox into eight countries internationally, following successful launches in the US, Canada, Australia, and South Africa that join BritBox in the UK. […]
Verizon has announced that HBO Max is the latest streamer to join as a partner in +play, Verizon’s new platform that will allow users to discover, purchase and manage a variety subscriptions – all in one place. “We are thrilled to have HBO Max join as the latest streaming partner to +play,” said Erin McPherson, […]
The Walt Disney Company will launch its Disney+ streaming service in South Africa in May. The output will offer quality including 4K and says that up to 4 devices will be able to stream simultaneously, thereby directly challenging the recent decisions by DStv which limits output to a single stream. May 18th is the launch […]
Netflix reported a net loss of 200,000 subscribers during its January-March Q1/2022 trading period (compared with Q4/2021) and admitted that there might be worse to come during this current quarter. The loss is the first in more than 10 years of subscriber growth and prompted a 25.73 per cent crash in the company’s share price. […]
Noting Netflix’s significant drop in subscribers, partly in the shape of 600,000 households de-subscribing in the US and Canada following a price increase, Teresa Cottam, Chief Analyst at Omnisperience, suggests that it’s not subscribers that are the problem, arguing that Netflix is just bad at bundling, pricing and charging. “Rather than consider whether those price […]
Findings from the second annual State of Streaming report from fan platform Fandom suggest that cost is the leading reason why US subscribers will likely cancel a subscription. The study examines the impact of changes in consumer viewing behaviours and mindsets on the streaming industry, uncovering key findings such as why consumers cancel their subscriptions, what it takes […]