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UPDATED with Endeavor Content comment:  As the sale of Endeavor Content draws nigh, executives from parent company Endeavor said conversations are ongoing with bidders that have been narrowed down to a short list. The upcoming sale of the scripted film and television content business was prompted by a prolonged…

Disney shares are down 8% in heavy trading, extending a selloff that started yesterday after the media conglom posted weaker than expected earnings and streaming data for the September quarter. The dip in the shares, changing hands at about $161, is weighing on the broader market. Disney is one of only 30 highly…

Bear with us. That was basically the message from Disney CEO Bob Chapek as he sought to allay Wall Street anxiety about a sharp decline in growth at streaming service Disney+. The service added just 2.1 million subscribers during the fiscal fourth quarter, reaching 118.1 million. “We’re real pleased with where we’re…

Disney missed Wall Street forecasts in its fiscal fourth quarter amid a slowdown in streaming, despite a swing back to profit from the depths of the Covid-bedeviled 2020 quarter. The company’s stock slipped almost 5% in after-hours trading due to the report. It had fallen a fraction during the trading day to close at…

Disney reported reaching 118.1 million global subscribers with its flagship streaming service Disney+ about two years after it launched. That’s just 2.1 million more than the company reported in August as of the end of its fiscal third quarter, a dramatic but not-unexpected slowdown. The company divulged the streaming…

AMC CEO Adam Aron, who already has announced a push into retail popcorn sales and accepting payment in cryptocurrencies, waxed enthusiastic Monday at a flood of new ventures suggested by the chain's 4.1 million retail investors. The floated ideas include everything from an AMC credit card and a return to movie…

Chicken Soup for the Soul Entertainment reported third-quarter results Monday that undershot Wall Street analysts’ expectations on the top or bottom line. Revenue for the parent of Crackle and other streaming services came in at $29.1 million, which was a record for the company but just shy of the consensus forecast…

AMC Entertainment saw revenue jump to $763 million last quarter, beating Wall Street forecasts on a strong movie slate and accelerating theatrical recovery. Adjusted EPS losses of 44 cents a share shrank from a loss of $8.41 a year ago. Analysts had anticipated sales of $708 million with an EPS loss of 53 cents. As of…

Cinemark, the nation's third-largest movie chain, grew revenue and slashed losses last quarter, the first one since Covid with 100% of its theaters open. Talking with Wall Streeters on his last conference call as CEO, Mark Zoradi described a push into gaming (hiring a VP, setting up a dedicated division) as well as…

UPDATED with executive comment. AMC Networks is unlikely to bid on Starz, but is “always looking at opportunities” for M&A, according to interim CEO Matt Blank. The exec made the comments during the company’s conference call with Wall Street analysts to discuss its stellar third-quarter results. Starz is poised to be…

UPDATE: Lionsgate says it’s exploring options for Starz, news that is sure to heat up the M&A rumor mill. The company made the announcement in an SEC filing as it reported quarterly earnings. Specifically, it authorized its board of directors to “explore potential capital market alternatives for Starz.” Executives on…

UPDATED with executive comments. ViacomCBS cracked the $1 billion mark in streaming revenue in the third quarter, but overall results were more subdued, with total revenue rising 13% to $6.6 billion and earnings per share declining to 69 cents. The revenue number just slipped past Wall Street analysts’ expectations…