BuzzFeed sells Complex, acquired for $300M in 2021, to livestream shopping platform Ntwrk for $108.6M; BuzzFeed plans to lay off 16% of its workforce
I read it and realized BuzzFeed is laying off 16% of its own staffers not Complex's Natalie Jarvey / @natjarv : Pretty notable that BuzzFeed is retaining Hot Ones as it sells off Complex https://www.h...
Roku beats with Q4 revenue of $650M vs $615M expected, up 58% YoY, net profit of $65.2M vs an expected loss; 14.3M active accounts were added for FY2020
(Exact name of Registrant as Specified in Its Charter) … (408) 556-9040 Roku : Roku Q4 — Roku had both a strong Q4 and 2020. For both periods we achieved record revenue … Sean Burch / The Wrap : Ro...
Internal data shows only 11.3M US households regularly watch NBCU's Peacock; sources: NBCU has pitched ViacomCBS about bundling their streaming services
The Information : Tweets: @natjarv , @jstrauss , @ballmatthew , @edmundlee , @richlightshed , and @pkafka See also Mediagazer Tweets: Natalie Jarvey / @natjarv : Having only a third of your users reg...
Amazon plans to acquire podcast network Wondery, which will join Amazon Music
Wondery will be a part of Amazon Music, which launched podcasting in September. — Amazon is also exploring podcasts for Audible and local. — The company owns a sizable chunk of the smart speaker marke...
Inside Spotify's plan to dominate audio by spending hundreds of millions on exclusive podcasts and recruiting Jordan Peele, Mark Wahlberg and the Obamas
Natalie Jarvey / Hollywood Reporter :
Inside Bob Iger's risky bet on Disney+, set to launch with 35 originals in first year, which executives hope will have 60M to 90M global subscribers by 2024
Natalie Jarvey / Hollywood Reporter :
Roku Q1: revenue of $207M, up 51% YoY, 29.1M active accounts, and $134M in platform revenue, almost double device revenue of $72.5M; stock up 23%+
Natalie Jarvey / Hollywood Reporter :
Hulu says it has 26.8M paying subscribers in the US, up from 23M at the end of 2018, not including the 1.3M users signed up through promotions like free trials
Natalie Jarvey / Hollywood Reporter :
Roku beats estimates in Q2 with revenue of $156.8M, up from $99.6M in Q2 2017, and net loss of $100K, as platform revenues grow 96% YoY to $90.3M; stock up 15%+
Roku delivered particularly strong Q2 2018 financial results. Richard Saintvilus / NASDAQ.com : Roku (ROKU) 2nd Quarter Earnings: What to Expect Natalie Jarvey / Hollywood Reporter : Roku Revenue Soar...
Studios try packaging their media units for TV, film, and shortform video together when offering deals to talent in order to compete with Netflix
Bryn Elise Sandberg / Hollywood Reporter : Tweets: @thrmattbelloni and @natjarv See also Mediagazer Tweets: Matthew Belloni / @thrmattbelloni : New @THR: The Netflix Bubble in Hollywood is getting a ...