Paramount Global disappointed Wall Street estimates on quarterly revenue as a slump in the advertising market hit CBS. TV advertising revenue fell 7 per cent in the three months to December, despite a lift from political advertising on the back of US mid-term elections in November. Meanwhile, Paramount+ added a record 9.9 million subscribers, partly […]
Mirroring similar findings from the British Association for Screen Entertainment, the value of the UK home entertainment market soared to £11.1 billion (€10.3bn) in 2022, an all-time record for music, video and games sales, according to preliminary figures from digital entertainment and retail association ERA. The total was 6.9 per cent up on 2021 and […]
Figures released by trade body the British Association for Screen Entertainment (BASE) and the Official Charts Company (OCC) show Top Gun: Maverick flying high as the biggest selling home entertainment title in 2022, with over 1.2 million sales across DVD, Blu-ray, and Digital EST (electronic sell-through). Spiderman: No Way Home swings in to second place […]
Streaming service SkyShowtime will launch on December 14th in Bosnia & Herzegovina, Bulgaria, Croatia, Montenegro, Serbia and Slovenia, bringing its offering of exclusive and iconic entertainment to Central & Eastern European homes for the first time. The launches follow SkyShowtime’s arrival into Denmark, Finland, Norway, and Sweden, in September, and the Netherlands and Portugal in […]
Europe’s film revenue rose 21.6 per cent year over year to $2.82 billion (€2.72bn) between January and October, according to figures from OpusData compiled by S&P Global Market Intelligence. There were 203 films released in the region in October, down 10.2 per cent from 226 titles that hit cinemas in October 2021. Further highlights from […]
The Cineworld Group is reportedly preparing to file for bankruptcy after failing to significantly pull audiences back in following the pandemic. Cineworld is expected to file a chapter 11 petition in the US and is considering insolvency proceedings in the UK, according to the WSJ. It is the second largest cinema chain in the world, […]
IMAX’s May 2022 global box office was higher than that of pre-Covid levels, and its future performance should be supported by a good slate of movies for the second half of 2022 and 2023, says the company. IMAX also announced that it had also struck an agreement with the UK’s Odeon Cinemas Group (owned by […]
Summer is fast approaching, and that means a bevy of new big-budget movies are set to come out. But after back-to-back down years for summer movies due to Covid-19, which flicks have fans most excited to hit the cinema this year? Luckily, Whip Media took a closer look at that question with a new survey, […]
Paramount Global has announced an exclusive partnership with YouTube to livestream the world premiere event of the Paramount Pictures theatrical release, Top Gun: Maverick. Produced by MTV News and Velocity, MTV News correspondents Josh Horowitz, Dometi Pongo and Simone Boyce will host the livestream and provide fans at home with the opportunity to view real-time, […]
Technicolor is set to spin off and list its creative services division which includes its visual effects businesses. The move will mean a sell off of some 65 per cent of Technicolor Creative Studios with Technicolor holding on to 35 per cent. Technicolor will hold onto its Euronext stock market listing. The company, in a […]