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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

SPOILER ALERT! This story contains details from the Season 2 finale of HBO Max’s Gossip Girl . It was never supposed to end this way. HBO Max ‘s Gossip Girl took its final bow on Thursday as the Season 2 finale hit the streamer. Since news of the show’s cancellation broke last week, the episode now also serves as a series finale. Showrunner Josh Safran told Deadline that he’s holding on to a glimmer of hope that the series might land at a new home, but he’s had an inkling for months that this might happen, considering the growing number of streaming cancellations and Gossip Girl ‘s hefty price tag. “I asked HBO Max if I actually could go back in [to the episode]. I had the idea to take some of the cliffhangers out, because there were a lot of cliffhangers,” Safran said. “We got the editorial team back together. I went in and I lifted a bunch of stuff, I changed as much as I could. I couldn’t do as much as I wanted, because I couldn’t re-shoot anything, … [Read more...] about ‘Gossip Girl’ Boss Josh Safran Explains How He Re-Shaped The Season 2 Closer As A Series Finale & What He Had Planned For Season 3

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

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