NBUniversal expects Peacock losses to peak this year as streamer slowly adds subscribers

The NBCUniversal Inc. Peacock streaming service is displayed on a laptop computer in an arranged photograph taken in the Brooklyn Borough of New York, U.S., on Monday, April 20, 2020. Gabby Jones | Bloomberg | Getty Images Streaming service Peacock has slowly been taking flight with consumers. Its losses on Comcast’s balance sheet, however, have been swift. Like its peers, Comcast has been investing in its streaming platform by putting more of its content on Peacock. But it’s coming at a heavy cost. Peacock weighed down earnings for Comcast’s NBCUniversal,…

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How ‘Skinamarink’ made $1.5 million on a $15,000 budget

A still promo for the film Skinamarink. Coutesy: Bayview Entertainment Experimental horror film “Skinamarink” has been all the buzz on social media for months — and now it’s a sleeper hit at the box office. “Skinamarink,” the first feature from Canadian director Kyle Edward Ball, has pulled in over $1.5 million at the box office in just over a week of release, according to Comscore. Some film enthusiasts have compared the experimental movie, with its $15,000 budget, to found-footage horror classic “The Blair Witch Project” and David Lynch’s surrealistic 1977…

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Comcast beats expectations even as broadband growth slows, Peacock racks up losses

Comcast on Thursday reported fourth quarter earnings that topped analyst expectations despite persistent softness in broadband subscriber growth and mounting losses from its streaming service, Peacock.  The company’s top-line growth was fueled by higher revenue from its broadband and wireless businesses, as well as its theme parks segment.  Here’s how Comcast performed, compared to estimates from analysts surveyed by Refinitiv: Earnings per share: 82 cents, adjusted, vs. 77 cents expected Revenue: $30.55 billion vs. $30.32 billion expected. The Philadelphia company reported Thursday its fourth quarter adjusted earnings before interest, taxes,…

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‘Rick and Morty’ co-creator Justin Roiland out at Adult Swim, Hulu after domestic violence charges

Justin Roiland visits the #IMDboat at San Diego Comic-Con 2022. Michael Kovac | Getty Images Entertainment companies are cutting ties with “Rick and Morty” co-creator and star Justin Roiland following revelations that he faces felony charges of domestic violence. Hulu said Wednesday it will no longer work with Roiland, according to NBC News. He had an overall deal with the streamer and produced its animated series “Solar Opposites” and “Koala Man.” Roiland was the co-creator and one of the leads of “Solar Opposites” as well as executive producer and voice actor…

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NY AG Letitia James presses MSG over use of facial recognition technology

State Attorney General Letitia James speaks during Martin Luther King Jr. Day at National Action Network House of Justice Headquarters. Lev Radin | Lightrocket | Getty Images New York Attorney General Letitia James wants to hear from Madison Square Garden Entertainment Corporation about the company’s reported use of facial recognition technology at its venues. MSG Entertainment has reportedly used the technology to identify and deny entry to multiple lawyers affiliated with law firms involved in ongoing litigation relating to the company, including those with season tickets. According to a letter…

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AT&T shares jump as subscriber growth tops analyst expectations

A pedestrian walks in front of an AT&T location in New York. Scott Mlyn | CNBC AT&T shares jumped on Wednesday after the carrier reported fourth-quarter subscriber growth that exceeded Wall Street’s estimates, shrugging off its rivals’ lower pricing strategies. The U.S. phone service provider added 217 million total subscribers across all of its divisions for the fourth quarter, beating StreetAccount estimates of 215 million. New phone subscribers specifically, however, missed analyst expectations, coming in at 656,000 net adds, versus an estimate of 678,400, according to StreetAccount. Shares of AT&T…

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F1 sends incendiary letter to FIA after Mohammed Ben Sulayem’s ‘inflated price tags of $20bn’ claim

Formula One bosses have accused FIA president Mohammed Ben Sulayem of “unacceptable” interference in the alleged sale of the sport. After reports of a $20 billion (£16.3 billion) Saudi Arabian bid to buy F1’s commercial rights, Ben Sulayem raised concerns on Twitter about the potential consequences of an “inflated” takeover such as higher ticket prices for fans if the new owners tried to recoup their investment. He added that a potential buyer of F1 should “come with a clear, sustainable plan — not just a lot of money.” Sky Sports…

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M&Ms pulls its beloved ‘spokescandies’ in the wake of right-wing outrage over shoes, gender

Actor May Rudolph to replace M&M spokecandies. Source: Mars (L) | Getty Images (R) Candy maker Mars is replacing its M&Ms “spokescandies” with actress Maya Rudolph after facing right-wing criticism over its mascot makeover. The spokescandies are a team of cartoon M&Ms mascots that have represented the brand in commercials and other marketing materials since 1960. Early last year, the candy brand updated the cartoons and its marketing, rebranding each mascot with a new backstory, clothing and and personality to be more inclusive. The green M&M, for example, had previously…

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Spotify cuts 6% of its workforce — read the memo CEO Daniel Ek sent to staff

Spotify announced Monday it’s cutting 6% of its global workforce as the music streaming company contends with a gloomy economic environment that has seen consumers and advertisers alike limit their spending. Spotify has a total workforce of around 9,800 people, which means the cuts impact about 600 employees. According to its LinkedIn profile, the company employs 5,400 people in the U.S. and 1,900 in Sweden. Spotify, which is based in Sweden but listed on the New York Stock Exchange, sent an internal memo to staff Monday announcing the layoffs. One-on-one…

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Fanatics is in talks to acquire BetParx sportsbook

New York, NY. – December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC. The Washington Post | Getty Images Fanatics is in discussions to acquire the BetParx sportsbook, as the sports merchandising company looks to take a bigger position in sports betting, according to people familiar with the matter. A deal hasn’t been reached, although Fanatics signed a letter of intent to buy the sportsbook, said the people, who weren’t authorized to speak publicly on the matter. A deal price…

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