Fox Corp. matched Wall Street expectations for its fiscal second quarter, powered by NFL football in the U.S. and football at the World Cup. The company reported total revenue in the quarter ending December 31 of $4.61 billion, up 4% from the year-earlier period, and earnings of 48 cents a share. Affiliate fee revenues rose 1% thanks to 6% growth at the Television unit. Ad revenue climbed 4%, no mean feat in a tough economic climate, mostly due to the World Cup in Qatar and strong NFL results at Fox Sports. Other boosts came from political spending at the company’s local stations and growth for streaming service Tubi. The category of “other revenue” increased 13%, which the company said was primarily due to the December acquisition of Mar Vista Entertainment and higher Fox Nation subscription revenue. Fox has not disclosed subscriber numbers for Fox Nation, which launched in 2018. It is the first quarterly report for Fox since the company and its corporate sibling, … [Read more...] about Fox Corp. Ad Revenue Climbs 4% In A Tough Quarter, Boosted By NFL And World Cup
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‘Creed III’ Live Imax Premiere Event Tickets Go On Sale
MGM ’s Creed III is holding an Imax Live Premiere Event timed to the actual Feb. 27 world premiere. Tickets jut went on sale. The pic opens on March 3. The movie’s star-director-producer Michael B. Jordan will be joined by the cast to celebrate his directorial debut at the TCL Chinese Theater. The premiere red carpet will be streamed to 50 theatres across North There will also be special behind-the-scenes content, and the opportunity for moviegoers to see the pic first. Creed III is the first sports film to be shot in Imax. After dominating the boxing world, Adonis Creed (Jordan) has been thriving in both The first two Creed movies, a spin-off of the Rocky franchise, have grossed $387.7M WW. … [Read more...] about ‘Creed III’ Live Imax Premiere Event Tickets Go On Sale
GLAAD Media Awards: Bad Bunny, Christina Aguilera & Jeremy Pope Set For Honors
Recent Grammy winner Bad Bunny , Christina Aguilera and Jeremy Pope will be honored at the 34th annual GLAAD Media Awards next month for advancing and supporting the LGBTQ community. Bad Bunny — Spotify’s most-streamed artist in the world last year — will receive the Vanguard Award for having made “a significant difference in promoting acceptance of LGBTQ people and issues.” Five-time Grammy winner Aguilera will receive the Advocate for Change Award for having “changed the game for LGBTQ people around the world.” And Pose alum and two-time Tony nominee Pope will receive the Stephen F. Kolzak Award for having made “a significant difference in raising visibility and promoting acceptance of LGBTQ people and issues.” Read bios for all three below. The awards show will be handed during the March 30 ceremony at the Beverly Hilton. RELATED: 2023 Awards Season Calendar – Dates For The Oscars, Guilds & More Bad Bunny’s advocacy and outspoken allyship for the … [Read more...] about GLAAD Media Awards: Bad Bunny, Christina Aguilera & Jeremy Pope Set For Honors
‘Magic Mike’s Last Dance’ & ‘Titanic’ Reissue Having Super Bowl Dance-Off At Box Office – Preview
In both a noble gesture toward exhibition after the studio’s Project Popcorn, and in a means to monetize downstream revenues, Warner Bros is taking what was a HBO Max movie, Steven Soderbergh’s Magic Mike’s Last Dance , and putting into 1,500 theatrical locations this weekend. That’s with a thrifty marketing spend. It’s the second movie after New Line’s House Party ($8.8M) for which Warners has reverse-engineered a streaming release for the big screen. Meanwhile, Paramount is building off the heat of James Cameron’s Avatar: The Way of Water with a 25th anniversary 3D reissue of the filmmaker’s Oscar-winning 1997 smash Titanic . There are arguments to be made that either could notch No. 1: Titanic apparently is tracking better than the fall re-issue of Avatar ($10.5M opening) with a shot at double-digit millions in 2,400 theaters and the Channing Tatum-Salma Hayek Pinault threequel also having a potential $10M debut with the chance for more heading into … [Read more...] about ‘Magic Mike’s Last Dance’ & ‘Titanic’ Reissue Having Super Bowl Dance-Off At Box Office – Preview
Dana Walden & Alan Bergman To Oversee New Disney Entertainment Unit
Disney is moving back closer to how things used to be run on the content side with the creation of a new Disney Entertainment unit that will encompass TV and film. This new corporate division, which will sit separate to ESPN and the Parks, Experiences & Products unit, will be led by Dana Walden and Alan Bergman . The Walt Disney Company CEO Bob Iger just revealed the new structure on the company’s latest earnings call, as part of a “ significant transformation ” at the company that he said would “maximize the potential of our world-class creative teams”. It officially dismantles Disney Media & Entertainment Distribution, created by former CEO Bob Chapek and run by Kareem Daniel, who left last year. This unit separated the the way content and distribution decisions were made and took decision making power away from the creative teams. “Our new structure is aimed at returning greater authority to our creative leaders, and making them accountable for how … [Read more...] about Dana Walden & Alan Bergman To Oversee New Disney Entertainment Unit