☀️DISNEY close to INDIA deal, as HULU purchase looms, per report
VERIZON kicks off Cordcutting season / SPOTIFY turns a 💰 corner / PAR shifts 2024 slate
Mornin! This is Sean McNulty (connect with me on LinkedIn here if ya like), and here’s the Hollywood + Media news to know on TUESDAY Oct. 24, 2023.
Where a congrats goes out to the TEXAS RANGERS, whose 11-4 win over the HOUSTON ASTROS last night moved the RANGERS on to the World Series, starting this Friday.
We’ll find out tonight whom they’ll play - winner of the PHILLIES vs. AZ DIAMONDBACKS game at 8 p.m. on TBS/MAX moves on.
The big winners either way? WBD & FOX, as this was the first time in 19 years that both League Championship series went 7 games 💰.
BUT: Americans fell behind on their car payments in September at the highest rate in 30 years, as the % of subprime auto borrowers at least 60 days past due on their loans rose to 6.11%.
ALSO: Sending a good thought out as SAG & AMPTP negotiations pick up again today.
AND: NETFLIX is reportedly looking to bundle its ad tier in some offerings from US & UK satellite TV providers and TV manufacturers (folks potentially such as VIZIO etc), as it looks for new ideas to solve its scale issue with advertisers, according to Digiday.
The UK ad-tier reportedly has 700k subs, and has been adding them at a 100k a month clip.
I dove into the state of the NETFLIX ad tier, and the two very different tactics that NETFLIX and AMAZON are taking toward ads that are going to reshape the landscape of this business starting in Q1, with someone who talks to Madison Avenue leaders often on these topics - The Information’s Sahil Patel, on the latest Ankler podcast.
IN TODAY’S EDITION:
With a large looming payment to a certain cable company… DISNEY looks to cash-out with INDIA biz.
SPOTIFY benefits from price hikes and cost cuts - a look into its Q3 books to see what’s up, and what’s ahead.
PARAMOUNT slides MI:7 part two out of 2024 due to the strikes, plus more slate adjustments.
VERIZON kicks off Q3 #cordcutting season
LGF picks up another action pic, as AMC extends Blackberry.
LeBron, Peyton and Obama team up, plus the latest sports TV ratings numbers of note and more on a busy Tuesday.