There are now three media giants that control the overwhelming majority of filmed entertainment in the United States and beyond – AT&T, Comcast, and Disney.
Netflix’s $8 billion production allocation for 2018 to produce and acquire 700 shows and films is already reaping record new subscribers.
Netflix is slated to spend $8 billion on original and acquired content in 2018. The company is taking bold action to stay ahead of growing competition.
Television advertising sales in the U.S fell 8% to $61 billion in 2017 – the biggest slump in 20 years. Sales at cable networks dropped for the first time in a decade.
The largest collection of Disney content will start streaming in China through Alibaba’s Youku website.
Netflix plans to release 80 films in 2018; nearly as many as all six major studios combined.
In 2017, North American theatrical admissions fell to 1992 levels. Admissions in the U.S and Canada dropped 6% to 1.23 billion tickets sold.
Walt Disney Co’s deal to buy film, television and international businesses from Murdoch’s Twenty-First Century Fox is valued around $40 per share, or $75B.
Cable networks use bulk pricing to spurn Amazon’s ambitions to launch a skinny bundle with on-demand streaming and live television.
Comcast drops its bid to acquire Twenty-First Century Fox. Disney will likely purchase Fox’s film and television assets before 2017 is over.