☀️ APPLE & AMAZON Q2 🤐 on Ent, as Streaming Remains Side Hustle
AMC Networks stock is +20% today. Why? / FUBO's good YoY numbers / THREADS numbers hit challenges
Mornin! This is Sean McNulty (connect here on LINKED-IN if ya like) and here’s the Hollywood + Media news to know on FRIDAY Aug 4, 2023.
Where THREADS daily user count was down about 82% at the end of July from it’s peak… errr, a few weeks earlier - at least according to SENSOR TOWER app tracking data which put THREADS around 8 Million DAUs (data from other sources has it close, around 11 Mil DAUs).
Which is about the size of BE REAL at its peak last Summer. Well. Glad folks spent so much time talking about it. On X.
PLUS: Lin-Manuel Miranda is reportedly working on a stage adaptation of the 1965 book (& subsequent 70s film) The Warriors.
AND: Suits broke its own viewing record in the first full week of July, hitting 3.7 Billion mins viewed (over 3.1 Billion in the last wk of June) according to the NIELSEN US chart.
It’s now the 13th most-viewed NETFLIX show ever on NIELSEN - granted it has an episode count that eclipses pretty much all other NETFLIX series… but still.
Also to note: NIELSEN says most viewership is of the 1st season, implying a lot more to come… there are 134 episodes total 😳.
WAKEUP BOX OFFICE POLL Results
Lotta bears taking on the shark at the Box Office this weekend…
IN TODAY’S EDITION:
AMC NETWORKS stock pops on some… pretty bad news 🤔. A #medianerd🤓look at what’s up.
FUBO also has an Up… but also kinda down quarter (mostly up - comps are dealers choice really). A look here as well.
And… a takeaway from a day where WBD, AMAZON and APPLE all checked in with Wall Street, and only one of them had news about anything to do with Hollywood.
While the industry default has been to treat everyone in Streaming the same thus far - the Tech Streamers have a different reality… it’s time to let them live in it as much as possible. A look at how 3 Earnings calls solidified a new industry perspective.