☀️NETFLIX has new Int'l Film hit, sets 2023 Film views record
DISCO+ & NETFLIX pull price lever 💰 as NFLX Ad Chief out / DirecTV warns WBD over CNN / Yellowstone & COLORADO ratings dip
Mornin! This is Sean McNulty (connect with me on LinkedIn here if ya like), and here’s the Hollywood + Media news to know on WEDNESDAY Oct. 5, 2023.
Where Beyonce’s first-day pre-sales for Renaissance were about $6 mil to $7 mil, per Deadline’s industry sources (not AMC directly). The Eras Tour did about $37 million ($26 mil from AMC Theaters alone) on day one.
Renaissance tickets for an evening “Dolby” (not IMAX) showing at a local NJ AMC location on Dec. 1 are… $30 😳.
The Eras Tour tix are about $21 (well, for Oct. 20… the 13th is sold out clearly).
ALERT 1🚨: If your phone is on at 220 p.m. ET today, everyone will be getting a test of the National Alert System.
ALERT 2🚨🚨: I’m coming to L.A. next week! Ok maybe that’s only me that’s excited. I just missed the challenge of trying to write a newsletter while driving around from Culver to Burbank in one day too much - so give a shout if you want to try and meet up! email@example.com
HOT TICKET: Kristen Wiig, Will Forte, Kristen Bell and Ana Gasteyer are teaming up to do a One Night Only improv musical benefit for the MPTF on Thu. Oct. 26, at the Glorya Kaufman Performing Arts Center in L.A.
It’s created by GROUNDLINGS member Andrew Leeds, and will be “a fully-realized production of a well-known Broadway musical where the improvisors are given the script and their roles with only 24 hours to prepare.”
IN TODAY’S EDITION
Streamers are all now pulling the same tactics to find a profit - essentially, squeeze your high-paying subs as much as you can. A look at the latest DISCO+ and NETFLIX moves on the horizon.
Yellowstone and U OF COLORADO both take ratings dips this weekend… while HULU reports a viewing number!
The NETFLIX Films Top 9 has its biggest week of 2023, as a new International film hit bursts on the scene, while Spy Kids gets bad week 2 news
DIRECTV puts 👀 on CNN MAX and much more.
AND: The U.S. Dollar is back! Yes, a strong dollar is good news for your foreign travel agenda, as it makes all prices in say, Euros, cheaper (current ratio: $1 = €1.05)… not great news for companies/streamers with a lot of overseas business, as it makes the inherent value/$ revenue from foreign subscription prices lower.
We saw this issue a ton in early 2022, and now with our high interest rates (30-yr Treasury rate is now at a 5% return as of this morning), it’s returning.
Given the Fed’s fortitude on keeping interest rates high for a while, it likely ain’t goin nowhere either. So - we’ll see what media companies (SPOTIFY, NETFLIX etc.) have to say about “fx” (the term for currency impact on its financials) once earnings season starts in three weeks.