☀️PARAMOUNT hits real Ad biz & Cord Cutting troubles, PAR+ grows with a lot of ??s
Layoffs hit THE CW / NETFLIX true crime fans strike yet again / PAR sets A QUIET PLACE spin-off lead / NY TIMES reports solid numbers
Mornin! This is Sean McNulty and here’s the Hollywood + Media news to know on WEDNESDAY November 2, 2022.
Where WALMART does “Office Space” this holiday season.
How big do ya figure the Gary Cole paycheck was for this one? Apparently Ron Livingston & Aniston were wisely a #hardpass.
AND: In some sad unexpected news, the woman who wrote the book that inspired the movie “Julia & Julia”, Julia Powell died last week of a heart attack at 49 years-old in upstate New York.
CORRECTION: The correct subscriber churn rate for SIRIUSXM in Q3 was 1.5% in my roundup yesterday, always good to include the ‘.’ in the middle there… My keyboard and I regret the error.
IN TODAY’S EDITION:
A wrap up of the PARAMOUNT earnings call - a dive into the increased Ad Revenue headwind & Cable Bundle warning signs, as Films group rebounds, and PAR+ $$ losses continue with little actual financial or subscriber insight given… despite “feeling good” about the business.
How TUBI revenue stacks up against PLUTO, even as growth there falls (for the first time?) YoY.
Layoffs hit THE CW, new President named
NY TIMES reports solid quarter, even with Ad biz headwinds hitting here as well (thankfully they pivoted away from that as their core).
“A Quiet Place” spin-off sets lead at PAR
An October surprise at the NETFLIX weekend box office
AMAZON adds songs but cuts functionality for PRIME users who use their free AMAZON MUSIC access, and much more