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Tech’s Winners and Losers From Trump’s Election | Commentary
Prediction markets thrived, Elon got his wish, Facebook sat out, podcasts dominated and Silicon Valley mattered.
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Tech
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Sony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 Billion
The company posted a 69% increase in net income and 3% boost in revenue for its second quarter of 2024, weighed down by lower results at Sony Pictures Entertainment
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Why Trump’s Victory Will Spur Tech Deals, Ease Scrutiny on AI and TikTok | Analysis
Analysts also project a key wild card for Big Tech will come from Trump cheerleader Elon Musk
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2024 Election
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Sundance Shakeup: Has Price Pushed the Festival Off the Mountain?
The Sundance Institute has narrowed down their choices for the new host city to three: Boulder, Cincinnati and Park City/Salt Lake City
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Movies
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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business
Streaming subscribers grew 5% in the third quarter of 2024 and now total 11.8 million
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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News Corp. Profits More Than Double to $144 Million Behind Strong Q1 Subscription Growth
The Murdoch-led media company reported 5.9 million Dow Jones subscribers, up 11%
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Media
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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‘Tracker’ Takes No. 1 on Linear TV Chart for a 2nd Week — A Rare Feat for Scripted Series
On streaming, “The Penguin” claims its seventh week atop the chart
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From ‘NCIS’ to ‘Avatar,’ How Licensed Content Is Netflix’s Secret Weapon for Low Churn | Chart
As of September, licensed titles account for nearly half of the demand for Netflix’s TV catalog
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‘Lioness’ Season 2 Becomes 4th Biggest Paramount+ Premiere, Reaching 3 Million Households in First 7 Days | Exclusive
The Taylor Sheridan drama also saw a 116% lift in views on social compared to Season 1
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TV
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Under Trump 2.0, Hollywood Sees a Wave of Consolidation and Looming Censorship
His reelection comes at a precarious moment for Hollywood, when legacy studios are severely tightening their belts
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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News
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Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant’s overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% dip in profit
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TV
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‘Wicked’ Dethrones ‘Beetlejuice Beetlejuice’ as Title Consumers Are Most Excited About | Chart
ScreenShare: A data partnership between ScreenEngine/ASI & TheWrap
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