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With advertising trends front and center for Wall Street and industry players in the current crop of media earnings , Comcast’s NBC Universal was one of the first to weigh in. NBCU CEO Jeff Shell said the market steadily  worsened over the course of last year but “it kind of feels like it bottomed out around late November, early December, and really since then it hasn’t gotten worse, and maybe even a little better.” He said he’d describe it as a “shallow” market with areas “that are better, actually really doing well, like pharma, entertainment, travel is on fire” and other that “feel uncertain” like weak tech, auto and financial services. Speaking on a post-earnings conference call, he said it feels like the weakness is due more to macroeconomic uncertainty than to businesses not doing well. “None of us know where the economy is headed, so advertisers are holding back, and when they do advertise, they are coming in later than usual. He predicted the market “is … [Read more...] about NBCU’s Jeff Shell Says Ad Market May Have “Bottomed Out”

Streaming service Peacock closed 2022 with more than 20 million paid subscribers, helping Comcast slip past Wall Street estimates during a challenging fourth quarter in the media business. Total revenue came in at $30.55 billion in the period, less than 1% ahead of the prior-year quarter but just above analysts’ consensus. Earnings per share of 70 cents fell short of estimates, but exceeded them on a non-GAAP basis. Along with Peacock, a strong return for theme parks helped NBCUniversal post solid numbers on the top line, with revenue up 6% to $9.9 billion. Advertising revenue increased 4%, which the company credited to Spanish-language coverage of the World Cup by Telemundo and rising Peacock ad revenue. The profit story was less encouraging, with adjusted EBITDA falling 36% to $817 Theatrical revenue at the film studio soared 47% over the prior year, with Ticket to Paradise , Puss , Violent Night and Halloween Ends closing the year on a high note. … [Read more...] about Peacock Clears 20M Subscribers, Helping Comcast Nip Wall Street Q4 Estimates

NBCUniversal CEO Jeff Shell said execs at the company and parent Comcast are “more confident” than they were a year or two ago that investments in streaming service Peacock will soon yield profits. How soon remains a bit unclear, however. “We’ve been clear from the start that we’re going to see a return on that investment — I think we feel better about that now based on where we are,” Shell said during Comcast’s fourth-quarter earnings call. The company said Peacock had passed 20 million subscribers by the end of 2022, more than double its size at the start of the year. It added 5 million subscribers in the quarter thanks to Spanish-language World Cup coverage as well as original programming, other live sports and the addition of first-window movie titles and NBC and Bravo series that used to go to Hulu. Over the rest of the year, CEO Brian Roberts said, “subscriber cadence will follow content launches, which will fall more heavily in the second half of 2023” than … [Read more...] about NBCUniversal And Comcast Execs “More Confident” Than They Were A Year Ago In Peacock Profit Outlook, Jeff Shell Says

UPDATED with final winners: The Oscar-winning documentary Summer of Soul , Bo Burnham’s Emmy-winning musical comedy special Inside , Barry Jenkins’ The Underground Railroad and Raoul Peck’s Exterminate All the Brutes are among the final list of winners of 2022 Peabody Awards . The Peabodys, in their 82nd year, honor the year’s most powerful content across the fields of entertainment, documentary, news, podcast/radio, arts, children’s and youth, and public service programming. The organization based at the Grady School of Journalism at the University of Georgia wrapped up a a weeklong rollout of all 30 winners Thursday. This year’s awards were presented by the likes of Melissa McCarthy, Morgan Freeman, John Legend, Kevin Bacon, H.E.R., Ethan Hawke, Jon Stewart, Hasan Minhaj, Riz Ahmed, LeVar Burton, Jenny Slate, Malcolm Gladwell and Adam Scott. Newsman Dan Rather and Fresh Air ‘s Terry Gross have already won this year’s Career Achievement Award and … [Read more...] about Peabody Awards: The Complete List Of 2022 Winners

Iranian filmmakers have united in penning an open letter to their friends and colleagues across the film industry, requesting their support in defending the rights of Iran’s people. The letter comes after the death of 22-year-old Mahsa Amini, who died in custody, allegedly by police brutality, after her arrest for not wearing her hijab in accordance with government standards. Their letter reads: Dear Friends and Colleagues Brave Iranians have taken to the streets across the country shouting “woman, life, liberty” for an entire week now while facing persistent, violent, and often deadly attacks from the oppressive forces. The Iranian government has restricted internet usage and blocked access to social media platforms in order to further suppress people’s voices. Last time such measures were implemented in 2019, the Iranian government murdered 1500 people. Independent Iranian filmmakers are standing by these fearless Iranian women and men and are trying hard to … [Read more...] about Iranian Filmmakers Ali Abbasi, Shirin Neshat and Bahman Ghobadi Pen Open Letter Following Death Of Mahsa Amini In Iran

French gender equality and diversity group Le Collectif 50/50 has hit out at the lack of female representation at the upcoming César awards, France’s equivalent to the Oscars. The protest comes after not a single woman made it into the Best Director category in nominations announced Wednesday. The awards ceremony is February 24 in Paris. Just one feature by a female director — Valeria Bruni-Tedeschi’s controversy-hit Forever Young — was nominated for Best Film. This outcome raised surprise in some quarters as there was a raft of strong features by female directors on release in France this year including Alice Winocour’s Paris Memories , Rebecca Zlotowski’s Other People’s Children , Léa Mysius’ The Five Devils and 2023 French Oscar submission Saint Omer by Alice Diop. “Le Collectif 50/50 deplores the total absence of women in the Best Director category and their lack of representation in the Best Film category,” the body wrote in a statement … [Read more...] about French Gender Equality Group Launches #CesarSoMale Campaign After Female Directors Shut Out Of Awards

The cinematic adaptation of The 1619 Project , the Pulitzer Prize-winning New York Times essay series that accelerated the vociferous debate over Critical Race Theory, makes its debut on Hulu tonight . If history is a guide – and that’s what the whole series is about – the documentary series will prove as polarizing as the original version. Nikole Hannah-Jones , the architect of the Times ’ project, serves as the guiding presence in the series, which aims at nothing less than reframing “the country’s history by placing the consequences of slavery and the contributions of Black Americans at the very center of the United States’ national narrative,” as the newspaper put it when The 1619 Project reached readers in August 2019. The journalist and now university professor’s opening essay for the Times’ initiative became the basis for episode 1 of the six-part series. “We wanted from the very beginning to subvert this idea about American democracy and the way … [Read more...] about ‘The 1619 Project’ Debuts On Hulu Tonight, Promising To Reignite Debate Over Critical Race Theory And America’s Undeniable History

Anyone who has traveled to seaside resort areas around the world will recognize them, the obvious foreigners who spend their days approaching tourists with assorted trinkets to sell and are most often ignored or shooed away by Westerners. Precious few films have put such figures centerstage, but Drift does that and quite a bit more as it examines a young woman whose currently forlorn position in the world masks the very different sort of life to which she was once accustomed. Tragedy and bereavement are dealt with an exceptionally acute and insightful manner in Drift . Working from a 2013 novel by Alexander Maksik, the full title of which is A Marker to Measure Drift , the author and his co-writer Susanne Farrell tackled a challenging narrative that many filmgoers would readily avoid, a personal tragedy of staggering magnitude. But not only has Singapore director Anthony Chen set himself a tough task in this ambitious adaptation, he has also notably succeeded in making … [Read more...] about Sundance Review: Cynthia Erivo & Alia Shawkat In Anthony Chen’s ‘Drift’

Beyond Rights CEO David Smyth is leaving the UK-based distributor following its parent’s sale to Banijay . Industry veteran Smyth joined Beyond International’s sales arm in December 2021, selling shows such as Mythbusters around the world. Banijay swooped to buy Beyond International in October last year and completed the circa-$30M deal early this month. Banijay has its own sales arm, Banijay Rights. A Banijay Rights spokesman confirmed his exit. “David Smyth, CEO, Beyond Rights, will be leaving the business, with his last day being January 31,” he said. “He joined Beyond Rights in December 2021 and made a significant contribution to the company through his strong and effective leadership. We’d like to thank him for his hard work and commitment to the business and wish him all the best with his future endeavours. “The move comes as Banijay embarks on integrating Beyond International Limited into its existing group.” Upon taking full control of Beyond, Banijay … [Read more...] about Beyond Rights CEO David Smyth Is Leaving After Banijay Takeover

Stubborn and iconoclastic as always, Jean-Luc Godard has passed to another realm –and by his own choice–at age 91. Ever impudent and exasperating, forever pushing boundaries but remaining elusive, and an artist in every fiber of his being, Godard always did exactly what he wanted to do; for a few years many followed him ardently, and for lots of us in the 1960s he led the way into a vastly exciting and personal form of cinema. Thereafter he went entirely his own way, losing most of his audience but remaining at the forefront of exploring what cinema is, could be, and, sometimes, what it absolutely shouldn’t be. The official obituaries and tributes will certainly convey Godard’s importance and influence through the 1960s, the way he helped liberate cinema from its literary and orderly appearance to something far more energized, unexpected, jarring and often exhilarating. Although Godard consumed and brilliantly wrote about the existing cinema as a young critic, he … [Read more...] about Godard Is Gone: A Remembrance Of The Stubborn & Iconoclastic Film Director