Sony Pictures is shutting down its PlayStation Vue streaming television service in the first quarter of 2020. Rising content costs and a plethora of choices have made the service untenable.
The box office in North America was down almost 5% from 2018 even after rising ticket prices, and despite a slew of mega-budget franchise films being released.
The streaming bout between Netflix and traditional media companies for the world’s online video subscribers is well underway.
The studio cartel system continues to thrive in Europe even after several seemingly disruptive interventions by the European Commission.
Netflix signed a five-year deal with Sony Pictures Television worth $500 million to become the exclusive worldwide streamer for Seinfeld.
NBCUniversal, who competed against Disney for Fox, is planning to follow Disney’s lead in India with the purchase of Zee Entertainment.