Warner Bros. Discovery reported revenue growth in Q2 with a $9.8 billion total compared to $9.7 billion for the same period in 2024. Propelled by the success of films like the action/comedy “A Minecraft Movie” and the horror hit “Sinners” starring Michael B. Jordan — in addition to the international rollout of HBO Max — the company turned a profit of $1.58 billion for the quarter, a significant increase over the same frame last year. Television series including “The Last of Us” and “Abbott Elementary” were hailed as examples of “creative excellence.” In the shareholder letter, WBD says it “optimized” linear networks, while making “substantive progress” in the movie studios and streaming arms. Continue reading WBD Earnings Buoyed by ‘Minecraft’ Film, HBO Max Growth

Comcast’s Xfinity broadband service has launched StreamStore, an online destination for discovering, purchasing and managing streaming apps. Available to Xfinity TV and Internet customers, StreamStore puts a retail spin on a selection of 200,000-plus programs and more than 450 apps. StreamStore is available on a subset of devices that run the Comcast Entertainment OS platform, including X1 set-tops and media players, the Xumo Stream Box and the Xfinity Flex box, and is also being made available via Xfinity.com. Apps for services including Netflix, Disney+, HBO Max, Apple TV+ and others purchased through StreamStore can now be added to Xfinity customer bills. Continue reading Xfinity Bows StreamStore on Web, Comcast Entertainment OS

ABC News will debut an original weekday news show on Disney+. Anchored by James Longman and Rachel Scott, “What You Need to Know” debuts July 21, streaming Monday through Friday beginning at 6:00 a.m. ET and available for 24 hours thereafter on demand. ABC News describes the show as a “short-form series” and “a fast, fresh way to stay ahead of the conversation as viewers start their day.” Formatted for young attention spans, the anchors will deliver headline highlights in an 8-to-10-minute recap. Disney+ President Alisa Bowen says the show offers “smart, bite-sized commentary on the stories that matter most.” Continue reading ABC to Produce Weekday Anchored News Show for Disney+

Xumo, the streaming joint venture formed by Comcast and Charter, has teamed with Westinghouse to launch a new U.S. line of Xumo smart TVs that will initially be sold through Walmart and Amazon. Initial models offer 4K UHD (in 43- and 50-inch versions) that support HDR10, Dolby Vision and Dolby Atmos, and 2K HD (in 24-, 32-, 40- and 43-inch models). Prices range from $120 to $290. Expected later this year are 55-, 58- and 65-inch 4K models. The new televisions run Xumo OS, featuring a tiled menu interface, voice search and more than 250 built-in streaming apps. Continue reading Streamer Xumo Launching Smart TV Line from Westinghouse

Warner Bros. Discovery is planning to split into two publicly-traded companies by next year, one company focused on film, streaming and content production and the other concentrating on traditional television, including cable TV properties CNN, Discovery and TNT Sports. The Streaming & Studios company will contain Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, and HBO Max, as well as the film and television libraries. Global Networks will include CNN, TNT Sports in the U.S. as well as top free-to-air European channels, Bleacher Report and the Discovery+ streaming network. Continue reading WBD Will Split into Two Publicly Traded Companies Next Year

Warner Bros. Discovery had something old and something new to introduce at the TV Upfronts, reverting back to the name HBO Max a little after two years of being known as Max. The company also rolled out a new advertiser tool, WBD Storyverse, unlocking its 100 year-old asset vault “to help brands emotionally connect with audiences using beloved characters and IP with new twists.” WBD says it “will work strategically with partners” to identify good fits with “fan-favorite” content that can be used in new ways to “capture the magic of the original IP through a branded lens.” Continue reading WBD Rolls Out Advertiser Storyverse, Reintroduces HBO Max

Max, the streaming service formerly known as HBO Max, has redesigned its homepage with features designed to foster personalization and help fight search fatigue. Last month Max rolled out “whole page optimization,” with added rows of personalized content across the entire homepage. Since that change went well, according to parent Warner Bros. Discovery, the company is doing more along those lines, emphasizing an algorithm-driven approach to content curation, similar to that used by Netflix. Viewing history and selection patterns now inform recommendations as to which shows, movies or content categories users might like. Continue reading Max Embraces Homepage Personalization After Positive Tests

In 2023, U.S. audiences streamed the equivalent of 21 million years of video, according to Nielsen, which says that’s a record, surpassing by 21 percent the 17 million years’ worth of video streamed in 2022. Apple TV+’s “Ted Lasso” was the most streamed original, while “Suits” was the most-streamed show in a single year. Its 57.7 billion viewing minutes on Netflix and Peacock surpassed “The Office,” which generated 57.1 billion viewing minutes on Netflix in 2020. According to Nielsen’s Gracenote, “audiences had 90 different streaming services to choose from at the end of last year, up from 51 at the start of 2020.” Continue reading Nielsen: 21 Million Years Worth of Video Was Streamed in 2023

Streamers will have a major presence at the TV Upfront presentations to advertisers in New York this week. Research firm Antenna says nearly 25 percent of domestic customers of Disney+, Netflix and Max opted for reduced-price, ad-supported subscriptions in February, while more than half the customers for Hulu+ and Peacock opted for the same. Antenna CEO Jonathan Carson said that “given the choice, Americans are choosing ads,” which is good news for marketers, who were initially concerned that the shift from cable to a la carte subscription streaming would edge out advertising. Continue reading Ad-Supported Streaming Tiers Vie for Piece of the Upfront Pie

HBO Max will start streaming as Max in the U.S. beginning May 23, according to Warner Bros. Discovery. With the rebrand, significant content from Discovery+ as well as new original programming including a series derived from “The Big Bang Theory” and a prequel to the HBO Original “Game of Thrones” will join the platform’s offerings. “The one to watch for every mood and every moment,” is WBD’s tagline for Max, which will offer three tiers. The top-tier Max Ultimate, at $19.99 a month or $199.99 per year, will stream ad-free at up to 4K UHD with Dolby Atmos sound. Continue reading WBD Rebrands HBO Max, Announces New Original Content

YouTube Premium is upping is value proposition, adding new features including an enhanced bitrate for web and iOS, SharePlay so Apple users can watch together on FaceTime, and the ability to manage queues using mobile devices. The broader functionality is designed to impress upon potential subscribers that the $12 per month service offers more than ad-free viewing. YouTube says it now has 80 million Premium members “and trialers” taking advantage of a “more immersive YouTube experience.” In the coming weeks, enriched 1080p HD video will be available for Premium accounts first on iOS and then on the web. Continue reading YouTube Premium Adds Value to Platform with New Features

Roku is upgrading to OS 12, which will offer improvements including to streaming live TV and sports, among other things. A concurrent mobile app update features a new home screen and new tools for account management and photo storage. The company also announced that new Roku-branded TVs will be sold exclusively through Best Buy and online. Unveiled at CES 2023, the Roku Select and Plus series TVs made by Roku are now shipping, with 11 models spanning two lineups that offer sizes ranging from 24- to 75-inches. Pricing starts at $150 and scales to $1,200. Continue reading Roku Updates OS, Adds News, Announces Best Buy TV Deal

Netflix has cut prices in 30 countries — the U.S. not among them — as customers reevaluate whether they keep the service amidst new password-sharing restrictions in a more competitive streaming market that has generally seen rates increase. The reductions only apply to some tiers, in some cases reducing prices by as much as 50 percent. Affected territories reportedly include Nicaragua, Ecuador and Venezuela in Latin America. In Europe, rate reductions will be available in Bulgaria, Croatia and Slovenia. Parts of Asia — including Indonesia, Malaysia, the Phillippines and Thailand — will also see price reductions. Continue reading Netflix Reduces Its Pricing in 30+ Countries but Not the U.S.

The Roku and Tubi streaming platforms are the first partners for Warner Bros. Discovery’s new FAST channels, helping WBD CEO David Zaslav’s promise that the company would be “aggressively attacking” the free, ad-supported streaming TV market in 2023. This spring the WBD FAST channels will launch on the Roku Channel, which will additionally add another 2,000 hours of WBD on-demand programming, via more than 225 ad-supported titles. Tubi, which is owned by Fox Corporation, began introducing WBD content this week, with plans to add three new FAST channels — WB TV Family, WB TV Reality and WB TV Series. Continue reading Warner Bros. Discovery to Debut Roku, Tubi FAST Channels

Samsung has introduced its 8K Premiere ultra-short throw projector that CNN calls a “first-of-its-kind.” The projector, and update to the company’s 4K Premiere, supports a maximum picture of 150-inches for a massive screen. Native 8K remains a ways off, but the system artificially up-rezzes 4K content while future-proofing. Sitting just inches from a screen or wall, with Dolby Atmos, the unit minimizes wires and auxiliary equipment, which has been a trend at CES 2023. Due for release later this year, pricing was not announced, but the 2020 model that this one builds upon started at $3,500. Continue reading CES: Samsung 8K Premiere Projector Marks an Industry First