☀️ PAR+ 💰 Stagnates, But Subs Up and Profit Found
LGF nods to 2025 deals / Ari raises 💰 for new fund / VIZIO adds to FAST 💰 problem
Mornin! This is Sean McNulty (connect here on LINKED-IN if ya like or email me seanmcnultynyc@gmail.com) and here’s the Hollywood + Media news to know on FRIDAY, November 8, 2024.
Where I apologize in advance to my German readers for the quality of the GIANTS vs. PANTHERS 🏈 game that the NFL is giving you on Sunday.
Trust me when I tell you that New York actually used to play quite well!
AND: That jackass “running influencer” who had his brother and a camera guy follow him on e-bikes in the NYC Marathon to “create content,” with no regard that it may cause safety issues for other runners . . . was banned for life. Eh, sometimes there is justice in the world.
THEN: Here are your Grammy noms for the 2025 show.
ALSO: Bezos is instilling the oh so popular AMAZON RTO policy at WaPo, with managers due back in the office 5 days a week in Feb., and everyone else by June. Eh, newspapers don’t really need to retain writing talent to be successful, right? Can’t wait for a PERPLEXITY deal to write stories to emerge next.
OH: If the . . . 74 degree temperatures in NYC on Nov. 7 didn’t tip you off yesterday — 2024 will almost certainly supplant 2023 as the hottest year on record on Earth. Voters who just made their Presidential vote based on fiscal reasons, don’t you worry — this weather achievement will totally not cost the country several billions this decade.
Celebrity & C-suite set — you’re not helping either: private jet emissions are +50% over the past 4 years.
WAKEUP BOX OFFICE POLL RESULTS
Folks are going for the Heretic overachiever here . . . and I’m gonna go with em.
NEW ANKLER PODCAST EPISODE
PARAMOUNT Q3 sees revenue shrink, but profitability increase
#medianerd🤓 puts the glasses to full use today
So, similar to WBD — Q3 PAR revenue hit a new quarterly low since the movie business started to come out of Covid in mid 2021.
But unlike WBD — the PAR profitability and streaming & linear 💰 trends are quite different.
So let’s dive into the 💰 trends to know from the Q3 PARAMOUNT numbers that reveal the success and remaining challenges for the company from the changes put in place by the Office of the CEO, and what’s ahead (which unfortunately also includes still more layoffs and “cost savings” to come).