Category Archives: Production Stream

Hulu losses drag Disney as DTC push approaches

[In] the Direct-to-Consumer & International business line, losses from equity investees increased $159 million from a loss of $421 million to a loss of $580 million primarily due to a higher loss from investment in Hulu. The higher loss at Hulu was said to be driven by higher programming, labour and marketing costs, partially offset by growth in subscription and advertising revenue. – Joseph O’Halloran, Rapid TV News » http://bit.ly/2W9vTs6
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Netflix Spent $12 Billion on Content in 2018. Analysts Expect That to Grow to $15 Billion This Year

For the year ahead, Wall Street analysts see that climbing 25% — to around $15 billion on a gross cash basis. Netflix will continue to burn cash, telling investors Thursday that it expects to record negative $3 billion in free cash flow in 2019 (similar to last year), and that it intends to continue to turn to debt markets to fund the spending rate. The company had $10.4 billion in long-term debt at the end of 2018, versus $6.5 billion year earlier. – Todd Spangler, Variety » http://bit.ly/2Dl1hg4

Hotstar, Fox’s Indian Streaming Service, Moves Into Original Content With Big-Name Talent

The expansion into original content comes as the race heats up for online viewers in the world’s second-most-populous country. Driven by cheap data charges, streaming is becoming an important platform in India, with aggressive competition between Hotstar, Netflix, Amazon, Eros Now, Sony Liv and Viacom 18’s Voot. Hotstar is the market leader, with about 150 million active monthly users. – Naman Ramachandran, Variety » http://bit.ly/2FqY7th

CBS Films Being Folded Into CBS Entertainment Group, Focus Shifting to Streaming (EXCLUSIVE)

CBS Films’ mandate will shift towards finding content for the company’s streaming services. These platforms will likely include CBS All Access, the media conglomerate’s major entry into the streaming space, but details are still being worked out. CBS Films President Terry Press is expected to continue to lead the division. CBS Films’ name will continue on CBS Films releases. – Brent Lang, Variety » http://bit.ly/2FwJ9B9
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