☀️How PAR's Many Q2 Biz Negatives Resulted in a Wall Street Positive
MAX Sports tier details emerge / SEARCHLIGHT sets new Dec pic / JEOPARDY recycling old questions
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 August 8, 2023.
Where add Travel to the list of things AI writing is now also ruining 🥳! According to the NY Times, low-quality travel books generated by AI are proliferating on AMAZON (crap? Being sold on AMAZON? I know! 🤯).
Although, it appears one PRIME subscriber can’t get enough of ‘em.
ALSO: Here are your 2023 TCA Award winners.
PLUS: MARVEL VFX workers moved to join the IATSE union 👀. These are about 50 people employed by MARVEL directly, not the thousands who do MARVEL work via 3rd party vendors.
THEN: If you use ZOOM’s IQ Meeting Summary or ZOOM IQ Team Chat Compose features, know that the content (i.e. whatever you say on said ZOOM) is being used to train its AI, under the stated rationale of making those functions work better. Other AI clarifications from a new policy update are in the link.
AND: A Rest in Peace goes out to director William Friedkin, who died at the age of 87. Richard’s thoughts about Friedkin’s passing will be coming later this morning from The Ankler.
And to Sandra Bullock’s partner Bryan Randall, who died at age 57 on Saturday after a 3-year battle with ALS.
IN TODAY’S EDITION:
The #medianerd🤓 dive into PARAMOUNT’s numbers.
Sure the Streaming Ad $$ gains sound great… but it’s important to look at the actual numbers to see what’s going on.
Why Wall Street reacted positively after hours to a Revenue loss, another several million 💰write-off, and weakest Subscriber growth quarter ever.
How the Strikes will affect PAR’s financial picture in the 2nd half of 2023.
The levers PAR is pulling to stem immense Streaming Wars losses and turn around their Debt trends, and much more.
MAX Sports tier details leak - looks impressive! With… more key info still to come - a look at the tactics afoot.
Specialty Film makes some release additions/tweaks.
SONY tops the Film piracy chart… as Nic Cage also makes a surprise appearance! And more….