Television business news
Here are some recent television business news stories:
- Streaming Wars Intensify: The streaming wars between Netflix, Amazon Prime, Disney+, and HBO Max continue to heat up. Netflix reported a decline in subscribers for the first time in over a decade, while Disney+ and HBO Max continue to grow rapidly.
- Cable TV Subscriptions Decline: Cable TV subscriptions continue to decline as more consumers cut the cord and switch to streaming services. According to a report by eMarketer, cable TV subscriptions are expected to decline by 14.5% by 2025.
- AT&T Sells WarnerMedia to Discovery: AT&T has agreed to sell WarnerMedia, the parent company of HBO and Warner Bros., to Discovery, Inc. for $43 billion. The deal is expected to create a new media giant with a combined market value of over $150 billion.
- Fox Corporation Acquires Credible Labs: Fox Corporation has acquired Credible Labs, a digital media company that specializes in creating interactive content for TV and online platforms.
- NBCUniversal Launches Peacock Premium: NBCUniversal has launched Peacock Premium, a new streaming service that offers ad-free content and additional features for $9.99 per month.
- Hulu Launches Live TV Service: Hulu has launched a new live TV service that offers access to live sports, news, and entertainment programming for $54.99 per month.
- Disney+ Expands to Europe: Disney+ has launched in Europe, marking its first expansion outside of the United States.
- Apple TV+ Expands Original Content: Apple TV+ has expanded its original content offerings with new shows and movies, including a new series from Oprah Winfrey and a film from Martin Scorsese.
- Comcast Acquires Xumo: Comcast has acquired Xumo, a free, ad-supported streaming service that offers a range of TV shows and movies.
- Sinclair Broadcast Group Acquires Tennis Channel: Sinclair Broadcast Group has acquired the Tennis Channel, a cable TV network that specializes in tennis programming.
These are just a few of the latest television business news stories. If you're interested in staying up-to-date on the latest developments in the TV industry, I recommend following reputable sources such as Variety, The Hollywood Reporter, and Broadcasting & Cable.