Despite significant recent audience declines among cable's biggest programming networks, and a sudden dip in advertising sales, media conglomerates generally reported strong revenue growth during the second quarter. How do they do it? Is it volume, volume, volume? Not exactly.
Chief financial officers at major media and entertainment companies like Disney, Liberty Media, Microsoft and Time Warner are downplaying economic uncertainty and are setting themselves into the starting blocks for new growth. The focus this time: digital, an Ernst & Young report says.
CBS paid Leslie Moonves $32 million in cash and bonuses last year, about 19 times higher than what CEOs running similar sized companies should make, according to a new study by compensation expert Graef Crystal.
The cable industry is facing an onslaught of new competition from over-the-top players like Amazon's Fire TV, Netflix and more. But the biggest threat is likely coming from Dish Network, which earlier this year inked a carriage deal with Walt Disney, said a group of financial analysts speaking at The Cable Show here.
Dish Network hopes to be online and running with an Internet TV service as early as this summer, Bloomberg reports.
The Walt Disney Co., with a portfolio at least as diversified as Comcast, is riding high on its cable TV networks and the initial online offerings of ESPN as the company takes those networks in a new direction.
Walt Disney Co. plans to rely mostly on Internet-connected TVs from Samsung and LG to distribute a new Disney Parks app that is designed to promote Walt Disney World, Disneyland and other resorts.
Less than three weeks after Apple announced that it would join Roku in distributing 15 college networks from ESPN through over-the-top devices, the tech giant launched a network from the Atlantic Coast Conference on its Apple TV set-top.
DirecTV is following the lead of competitor Dish Network and is in discussions with Walt Disney Co. to deliver Disney content such as ESPN, the Disney Channel and ABC to customers via an over-the-top Internet-based product.
Dish Network's carriage deal with Walt Disney Co. inked earlier this week gives it the right to deliver ESPN, the Disney Channel, ABC and other content via an over-the-top service that the company plans to launch soon. Many consider this to be a groundbreaking deal that will set Dish up as a leader in the OTT space.