Fubo’s new “Instant Headlines” feature uses AI to create news clips from programming aired on channels like NewsNation and MSNBC. (Courtesy image)
Fubo saw its customer base shrink to 1.51 million paid customers in North America during the first three months of the year, reflecting a loss of 100,000 accounts as customers churn out for other streaming options.
The sports-heavy streaming service offers comparatively less live events from top-tier franchises like the National Basketball Association (NBA) and the National Hockey League (NHL) during Q1 and Q2 due to its lack of carriage of Warner Bros Discovery (Wbd) channels — namely, TBS, TNT and Tru TV — which offer some games from those sports organizations.
Instead, Fubo primarily markets the live sports programming carried on the four broadcast networks, ESPN, Fox Sports 1 and its regional sports channels. NFL games are a large driver of subscribers during the second half of the year, and...
Fubo saw its customer base shrink to 1.51 million paid customers in North America during the first three months of the year, reflecting a loss of 100,000 accounts as customers churn out for other streaming options.
The sports-heavy streaming service offers comparatively less live events from top-tier franchises like the National Basketball Association (NBA) and the National Hockey League (NHL) during Q1 and Q2 due to its lack of carriage of Warner Bros Discovery (Wbd) channels — namely, TBS, TNT and Tru TV — which offer some games from those sports organizations.
Instead, Fubo primarily markets the live sports programming carried on the four broadcast networks, ESPN, Fox Sports 1 and its regional sports channels. NFL games are a large driver of subscribers during the second half of the year, and...
- 5/3/2024
- by Matthew Keys
- The Desk
Fubo’s beleaguered stock, which has been in free fall since the end of 2021, shot up 35% in early trading Friday after the streaming TV provider reported strong results for the first quarter.
The company posted revenue of $324.4 million and a loss of 37 cents a share. Both exceeded Wall Street analysts’ consensus, with revenue increasing 34% from the year-ago period and losses cut by more than half from 81 cents. Subscriptions increased 37% to almost 1.3 million.
In its quarterly letter to shareholders, CEO David Gandler and Executive Chairman Edgar Bronfman Jr. said the company it had raised its full-year guidance and also now expects to be cash-flow positive by 2025. Subscriber levels should be between 1.55 million to 1.57 million and revenue at $1.235 billion to $1.265 billion. The company ended the first quarter with 379,000 subscribers outside of the U.S., mostly as a result of acquiring top French provider Molotov Sas in 2022.
“While the macro uncertainty continues, the second quarter has started well,...
The company posted revenue of $324.4 million and a loss of 37 cents a share. Both exceeded Wall Street analysts’ consensus, with revenue increasing 34% from the year-ago period and losses cut by more than half from 81 cents. Subscriptions increased 37% to almost 1.3 million.
In its quarterly letter to shareholders, CEO David Gandler and Executive Chairman Edgar Bronfman Jr. said the company it had raised its full-year guidance and also now expects to be cash-flow positive by 2025. Subscriber levels should be between 1.55 million to 1.57 million and revenue at $1.235 billion to $1.265 billion. The company ended the first quarter with 379,000 subscribers outside of the U.S., mostly as a result of acquiring top French provider Molotov Sas in 2022.
“While the macro uncertainty continues, the second quarter has started well,...
- 5/5/2023
- by Dade Hayes
- Deadline Film + TV
YouTube and Google’s global head of music Lyor Cohen has been confirmed to receive City of Hope’s highest honor, the Spirit of Life Award, at its fall gala.
The veteran music executive will receive the shine on Oct. 18 at West Hollywood’s Pacific Design Center. The Spirit of Life Award is “presented to an esteemed community of industry leaders around the world who have made a significant commitment to improving the lives of others through the advancement of research and clinical innovation and the delivery of personalized, compassionate care,” per City of Hope.
Once he takes a spin at the podium, Lyor will join a list of previous recipients that includes Shelli and Irving Azoff, Edgar Bronfman Jr., Coran Capshaw, Eddy Cue, Clive Davis, Lucian Grainge, Allen Grubman, Quincy Jones, Rob Light, Monte and Avery Lipman, Doug Morris, Mo Ostin, Bob Pittman, Jon Platt and Sylvia Rhone, among others.
The veteran music executive will receive the shine on Oct. 18 at West Hollywood’s Pacific Design Center. The Spirit of Life Award is “presented to an esteemed community of industry leaders around the world who have made a significant commitment to improving the lives of others through the advancement of research and clinical innovation and the delivery of personalized, compassionate care,” per City of Hope.
Once he takes a spin at the podium, Lyor will join a list of previous recipients that includes Shelli and Irving Azoff, Edgar Bronfman Jr., Coran Capshaw, Eddy Cue, Clive Davis, Lucian Grainge, Allen Grubman, Quincy Jones, Rob Light, Monte and Avery Lipman, Doug Morris, Mo Ostin, Bob Pittman, Jon Platt and Sylvia Rhone, among others.
- 3/29/2023
- by Chris Gardner
- The Hollywood Reporter - Movie News
City of Hope, one of the largest cancer research and treatment organizations in the United States and a leading research center for diabetes and other life-threatening illnesses, announced that legendary actor, singer, writer and director Billy Porter will host and perform at its Music, Film and Entertainment Industry group’s 2022 Spirit of Life Gala taking place Oct. 27, 2022, at the Pacific Design Center in Los Angeles.
Porter began his music career in 1997 with the release of his self-titled (aka “Untitled”) debut album, which spawned the Top 10 single “Bubbling Under,” hit song “Show Me” and the monster ballad “Love Is On The Way,” which also appeared at a pivotal moment in the film, “First Wives Club.” Since then, Porter has delivered a number of hit albums and songs, including “At the Corner of Broadway + Soul” (2005), “Billy’s Back on Broadway” (2014), “The Soul of Richard Rodgers” (2017), No.1 hit “Love Yourself” (2019) and “I Want...
Porter began his music career in 1997 with the release of his self-titled (aka “Untitled”) debut album, which spawned the Top 10 single “Bubbling Under,” hit song “Show Me” and the monster ballad “Love Is On The Way,” which also appeared at a pivotal moment in the film, “First Wives Club.” Since then, Porter has delivered a number of hit albums and songs, including “At the Corner of Broadway + Soul” (2005), “Billy’s Back on Broadway” (2014), “The Soul of Richard Rodgers” (2017), No.1 hit “Love Yourself” (2019) and “I Want...
- 10/14/2022
- Look to the Stars
Click here to read the full article.
Billy Porter will pull double duty for City of Hope at its Spirit of Life Gala.
The Emmy, Grammy and Tony Award-winning talent will host and perform at the event, set for West Hollywood’s Pacific Design Center on Oct. 27. He joins a program that already includes fellow performer Jack Johnson and Spirit of Life Award honorees Monte and Avery Lipman, Republic Records founders, chief executives and brothers.
The Spirit of Life Award is City of Hope’s most prestigious honor and handed out to industry leaders “who have made a significant commitment to improving the lives of others through the advancement of research and clinical innovation, as well as the delivery of personalized, compassionate care.” Previous recipients include Sylvia Rhone, Jon Platt, Mo Ostin, Clive Davis, Quincy Jones, Frances W. Preston, Shelli and Irving Azoff, Edgar Bronfman Jr., Doug Morris and Sir Lucian Grainge.
Billy Porter will pull double duty for City of Hope at its Spirit of Life Gala.
The Emmy, Grammy and Tony Award-winning talent will host and perform at the event, set for West Hollywood’s Pacific Design Center on Oct. 27. He joins a program that already includes fellow performer Jack Johnson and Spirit of Life Award honorees Monte and Avery Lipman, Republic Records founders, chief executives and brothers.
The Spirit of Life Award is City of Hope’s most prestigious honor and handed out to industry leaders “who have made a significant commitment to improving the lives of others through the advancement of research and clinical innovation, as well as the delivery of personalized, compassionate care.” Previous recipients include Sylvia Rhone, Jon Platt, Mo Ostin, Clive Davis, Quincy Jones, Frances W. Preston, Shelli and Irving Azoff, Edgar Bronfman Jr., Doug Morris and Sir Lucian Grainge.
- 10/11/2022
- by Chris Gardner
- The Hollywood Reporter - Movie News
Click here to read the full article.
Ryan Reynolds’ Maximum Effort Productions has signed a multiyear first-look deal for unscripted content with the live sports streamer FuboTV, the companies said on Monday.
Maximum Effort, which maintains its first-look deal with Paramount Pictures, will also launch a linear channel on FuboTV called the Maximum Effort Network, which the production company will maintain creative control over. FuboTV will oversee ad sales for the channel.
The two companies have not yet announced a slate of shows as part of the pact, but Maximum Effort (Deadpool, Free Guy, The Adam Project) is co-producing an upcoming sports docuseries, Welcome to Wrexham, for FX Networks that follows Reynolds’ and Rob McElhenney’s ownership of Wrexham A.F.C., a Welsh football club, and the duo’s attempt to revitalize the team, despite having no past experience managing a team before.
Soccer may likely be the thread...
Ryan Reynolds’ Maximum Effort Productions has signed a multiyear first-look deal for unscripted content with the live sports streamer FuboTV, the companies said on Monday.
Maximum Effort, which maintains its first-look deal with Paramount Pictures, will also launch a linear channel on FuboTV called the Maximum Effort Network, which the production company will maintain creative control over. FuboTV will oversee ad sales for the channel.
The two companies have not yet announced a slate of shows as part of the pact, but Maximum Effort (Deadpool, Free Guy, The Adam Project) is co-producing an upcoming sports docuseries, Welcome to Wrexham, for FX Networks that follows Reynolds’ and Rob McElhenney’s ownership of Wrexham A.F.C., a Welsh football club, and the duo’s attempt to revitalize the team, despite having no past experience managing a team before.
Soccer may likely be the thread...
- 8/8/2022
- by J. Clara Chan
- The Hollywood Reporter - Movie News
Click here to read the full article.
The pay TV business has been in secular decline for years, with multichannel video packages from cable and satellite companies (MVPDs) seeing consistent erosion.
But even amid the subscriber churn in pay TV, the streaming-focused virtual multichannel video providers (vMVPD) — think YouTube TV and Hulu’s live TV tier — have kept increasing market share, with the two leading players in the space seemingly breaking away from the pack.
On July 12, YouTube made public new data showing that the major vMVPDs now have a combined 12.4 million subscribers, just shy of 20 percent of the active pay TV universe, and are well-positioned to be the one area where pay TV could see growth, thanks to their slick user interfaces, easy mobility between devices, and seamless sign-up and cancellation processes.
Even though vMVPDs carry many of the same channels as traditional MVPDs (CNN, Food Network, USA, ESPN,...
The pay TV business has been in secular decline for years, with multichannel video packages from cable and satellite companies (MVPDs) seeing consistent erosion.
But even amid the subscriber churn in pay TV, the streaming-focused virtual multichannel video providers (vMVPD) — think YouTube TV and Hulu’s live TV tier — have kept increasing market share, with the two leading players in the space seemingly breaking away from the pack.
On July 12, YouTube made public new data showing that the major vMVPDs now have a combined 12.4 million subscribers, just shy of 20 percent of the active pay TV universe, and are well-positioned to be the one area where pay TV could see growth, thanks to their slick user interfaces, easy mobility between devices, and seamless sign-up and cancellation processes.
Even though vMVPDs carry many of the same channels as traditional MVPDs (CNN, Food Network, USA, ESPN,...
- 7/15/2022
- by Alex Weprin and J. Clara Chan
- The Hollywood Reporter - Movie News
Click here to read the full article.
Warner Music Group CEO Stephen Cooper will leave the media company next year.
In an SEC filing on Wednesday, Wmg, home to the likes of Cardi B. and Bruno Mars said it “has begun planning for the succession” of Cooper, who will continue to serve as CEO until his replacement is found and appointed.
Cooper, who is also a boardroom director, has served as CEO of Wmg since 2011 when he was hired by chairman Edgar Bronfman Jr. A turnaround expert, Cooper previously served as vice chairman and member of the office of CEO at MGM and before that had been involved in high-profile business overhaul efforts, including those at then scandal-ridden energy giant Enron and KrispyKreme Donuts.
Against the backdrop of the global pandemic, Wmg, which also has top artists like Ed Sheeran and Dua Lipa in its stable, posted record digital music...
Warner Music Group CEO Stephen Cooper will leave the media company next year.
In an SEC filing on Wednesday, Wmg, home to the likes of Cardi B. and Bruno Mars said it “has begun planning for the succession” of Cooper, who will continue to serve as CEO until his replacement is found and appointed.
Cooper, who is also a boardroom director, has served as CEO of Wmg since 2011 when he was hired by chairman Edgar Bronfman Jr. A turnaround expert, Cooper previously served as vice chairman and member of the office of CEO at MGM and before that had been involved in high-profile business overhaul efforts, including those at then scandal-ridden energy giant Enron and KrispyKreme Donuts.
Against the backdrop of the global pandemic, Wmg, which also has top artists like Ed Sheeran and Dua Lipa in its stable, posted record digital music...
- 6/22/2022
- by Etan Vlessing
- The Hollywood Reporter - Movie News
City of Hope, one of the largest cancer research and treatment organizations in the United States and a leading research center for diabetes and other life-threatening illnesses, has announced that its Music, Film and Entertainment Industry group’s 2022 Spirit of Life Gala will feature a performance by legendary singer-songwriter Jack Johnson.
The gala will take place Oct. 27, 2022, at the Pacific Design Center in Los Angeles. Notably, this event marks the return of the highly anticipated Spirit of Life Gala after a two-year hiatus due to the Covid-19 pandemic.
“I’m excited to be part of City of Hope’s gala honoring my friends Monte and Avery Lipman,” Johnson said. “Over the past 20 years, they have always been there for me. Now it’s my turn to shine the spotlight on them and the important work they do with City of Hope!”
It was previously announced that Republic Records founders, chief executives and brothers,...
The gala will take place Oct. 27, 2022, at the Pacific Design Center in Los Angeles. Notably, this event marks the return of the highly anticipated Spirit of Life Gala after a two-year hiatus due to the Covid-19 pandemic.
“I’m excited to be part of City of Hope’s gala honoring my friends Monte and Avery Lipman,” Johnson said. “Over the past 20 years, they have always been there for me. Now it’s my turn to shine the spotlight on them and the important work they do with City of Hope!”
It was previously announced that Republic Records founders, chief executives and brothers,...
- 6/22/2022
- Look to the Stars
Click here to read the full article.
Jack Johnson has a City of Hope gig on Oct. 27.
The eco-conscious rocker has been booked as the headline performer at City of Hope’s Spirit of Life Gala. Held at the Pacific Design Center in Los Angeles, this year’s event marks the first in-person one in the series after two years due to the Covid-19 pandemic.
Johnson, prepping for the release of his highly anticipated eighth studio album, Meet the Moonlight, says he’s excited to be a part of the night honoring his friends, Monte and Avery Lipman. The brothers are co-founders and chief executives of Republic Records and, as previously announced, set to receive the night’s highest honor, the Spirit of Life Award.
Honorees are selected for “notable contributions to the community in which they live and the profession in which they work.” Sylvia Rhone, Jon Platt, Mo Ostin,...
Jack Johnson has a City of Hope gig on Oct. 27.
The eco-conscious rocker has been booked as the headline performer at City of Hope’s Spirit of Life Gala. Held at the Pacific Design Center in Los Angeles, this year’s event marks the first in-person one in the series after two years due to the Covid-19 pandemic.
Johnson, prepping for the release of his highly anticipated eighth studio album, Meet the Moonlight, says he’s excited to be a part of the night honoring his friends, Monte and Avery Lipman. The brothers are co-founders and chief executives of Republic Records and, as previously announced, set to receive the night’s highest honor, the Spirit of Life Award.
Honorees are selected for “notable contributions to the community in which they live and the profession in which they work.” Sylvia Rhone, Jon Platt, Mo Ostin,...
- 6/21/2022
- by Chris Gardner
- The Hollywood Reporter - Movie News
Updated, 7:39 Pm: A judge has ordered Keith Raniere to pay $3.4 million to 21 individuals victimized by his Nxivm sex cult, according to a report in The New York Times.
Some of the funds will reportedly be used to remove brandings of Raniere’s initials from the skin of victims. Raniere is said to have attended today’s federal restitution hearing by video, from the Arizona federal prison where he is serving 120 years.
Raniere founded Nxivm alongside Nancy Salzman in 1998. While the organization claimed for many years to be a multi-level marketing company, that label ultimately belied much more sinister activity, on the part of Raniere, former Smallville actress Allison Mack and other members, including sex trafficking, forced labor and racketeering.
Raniere was convicted in June of 2019 on charges of sexual exploitation of a child, sex trafficking conspiracy, forced labor conspiracy, racketeering conspiracy, wire fraud conspiracy and more.
His prison sentence...
Some of the funds will reportedly be used to remove brandings of Raniere’s initials from the skin of victims. Raniere is said to have attended today’s federal restitution hearing by video, from the Arizona federal prison where he is serving 120 years.
Raniere founded Nxivm alongside Nancy Salzman in 1998. While the organization claimed for many years to be a multi-level marketing company, that label ultimately belied much more sinister activity, on the part of Raniere, former Smallville actress Allison Mack and other members, including sex trafficking, forced labor and racketeering.
Raniere was convicted in June of 2019 on charges of sexual exploitation of a child, sex trafficking conspiracy, forced labor conspiracy, racketeering conspiracy, wire fraud conspiracy and more.
His prison sentence...
- 7/21/2021
- by Erik Pedersen and Matt Grobar
- Deadline Film + TV
Fubo TV, a provider of internet-delivered pay-tv bundles, is on the hunt for a new chief financial officer.
In an SEC filing this evening, the company said it had entered into an agreement with Simone Nardi for him to transition to an advisory role. “After successfully taking the company public on the New York Stock Exchange, Mr. Nardi intends to pursue other opportunities,” the filing said.
The exact timing of Nardi’s segue from his current role is not set. The latest the transition would occur would be December 31. The parties agreed on the plan on June 29, per the filing.
Nardi, who had previously held exec positions at NBCUniversal and Scripps Networks Interactive, joined Fubo in March 2020. The company went public in October of that year.
Fubo competes with Hulu, YouTube, Sling and a few other streaming bundle players. It has long emphasized sports and has recently made moves to expand into betting.
In an SEC filing this evening, the company said it had entered into an agreement with Simone Nardi for him to transition to an advisory role. “After successfully taking the company public on the New York Stock Exchange, Mr. Nardi intends to pursue other opportunities,” the filing said.
The exact timing of Nardi’s segue from his current role is not set. The latest the transition would occur would be December 31. The parties agreed on the plan on June 29, per the filing.
Nardi, who had previously held exec positions at NBCUniversal and Scripps Networks Interactive, joined Fubo in March 2020. The company went public in October of that year.
Fubo competes with Hulu, YouTube, Sling and a few other streaming bundle players. It has long emphasized sports and has recently made moves to expand into betting.
- 7/2/2021
- by Dade Hayes
- Deadline Film + TV
Two decades ago, Edgar Bronfman Jr., having just acquired control of Universal, took me on a tour of his studio. Pointing to the black tower, he told me: “I hate black buildings. That one will soon be white.”
It’s still black. I remember his faux promise as a sort of metaphor for why Hollywood always greets corporate takeovers with a yawn. Dealmakers may boast of their deals, but history tells us that nothing ever changes.
Except history may be about to change its mind. The massive maneuvers newly engineered by Discovery and Amazon will substantially transform the cultures of their respective companies. They will also trigger further mega-deals that will reshape the industry, sharply changing content offered audiences and the technology of its delivery.
Given their resources and ambitious visions, David Zaslav and Jeff Bezos will not conveniently disappear like the wannabe moguls of the past. Zaslov will reign...
It’s still black. I remember his faux promise as a sort of metaphor for why Hollywood always greets corporate takeovers with a yawn. Dealmakers may boast of their deals, but history tells us that nothing ever changes.
Except history may be about to change its mind. The massive maneuvers newly engineered by Discovery and Amazon will substantially transform the cultures of their respective companies. They will also trigger further mega-deals that will reshape the industry, sharply changing content offered audiences and the technology of its delivery.
Given their resources and ambitious visions, David Zaslav and Jeff Bezos will not conveniently disappear like the wannabe moguls of the past. Zaslov will reign...
- 6/10/2021
- by Peter Bart
- Deadline Film + TV
Fubo TV stock popped more than 23% in after-hours trading after the streaming bundle purveyor reported better-than-expected revenue and subscriber gains in the first quarter.
Net losses of 59 cents a share in the period undershot Wall Street forecasts by 13 cents. The company said the figure included two cents of negative impact from expenses from a plan to launch a sports betting business, plus another two cents related to debt discount amortization.
Despite the murkiness on the bottom line, the subscriber story buoyed investor hopes. Fubo added 43,000 subscribers in the quarter, reversing the year-earlier quarter’s decline of 28,000. Its year-over-year increase of 303,000 subscribers was a jump of 105%, which Fubo said compares with growth of 24% for the entire virtual MVPD market during the same period.
Fubo stock has been the subject of fierce debate among analysts and retail investors, with the latter helping to cause a runup in shares late last year. The...
Net losses of 59 cents a share in the period undershot Wall Street forecasts by 13 cents. The company said the figure included two cents of negative impact from expenses from a plan to launch a sports betting business, plus another two cents related to debt discount amortization.
Despite the murkiness on the bottom line, the subscriber story buoyed investor hopes. Fubo added 43,000 subscribers in the quarter, reversing the year-earlier quarter’s decline of 28,000. Its year-over-year increase of 303,000 subscribers was a jump of 105%, which Fubo said compares with growth of 24% for the entire virtual MVPD market during the same period.
Fubo stock has been the subject of fierce debate among analysts and retail investors, with the latter helping to cause a runup in shares late last year. The...
- 5/11/2021
- by Dade Hayes
- Deadline Film + TV
FuboTV grew its internet pay-tv subscriber rolls at a rapid clip last year — and it sustained heavy losses to get there.
The company ended 2020 with 547,880 subscribers, up 73% year-over-year. It gained 92,800 net new subscribers in the fourth quarter, an increase of 237% year-over-year.
Total net loss for last year was $570.5 million (including a $248.9 million charge for Impairment of intangible assets and goodwill), compared with a net loss of $35.0 million for 2019. Over the same time frame FuboTV’s operating loss grew more than 12-fold, to $479.9 million for full-year 2020, versus $38.9 million a year earlier.
Meanwhile, FuboTV expects to lose subscribers in the first quarter of 2021, projecting 520,000-530,000 subscribers by the end of March, a sequential decline of 3%-5%. On a full-year basis, the company expects revenue of $460 million-$470 million and anticipates ending 2021 with 760,000-770,000 subscribers.
Despite the widening losses, FuboTV expects to turn the corner to become profitable with a two-part strategy: generating higher...
The company ended 2020 with 547,880 subscribers, up 73% year-over-year. It gained 92,800 net new subscribers in the fourth quarter, an increase of 237% year-over-year.
Total net loss for last year was $570.5 million (including a $248.9 million charge for Impairment of intangible assets and goodwill), compared with a net loss of $35.0 million for 2019. Over the same time frame FuboTV’s operating loss grew more than 12-fold, to $479.9 million for full-year 2020, versus $38.9 million a year earlier.
Meanwhile, FuboTV expects to lose subscribers in the first quarter of 2021, projecting 520,000-530,000 subscribers by the end of March, a sequential decline of 3%-5%. On a full-year basis, the company expects revenue of $460 million-$470 million and anticipates ending 2021 with 760,000-770,000 subscribers.
Despite the widening losses, FuboTV expects to turn the corner to become profitable with a two-part strategy: generating higher...
- 3/2/2021
- by Todd Spangler
- Variety Film + TV
Updated with today’s stock movement. FuboTV shares slid another 16% today on heavy trading volume as pessimistic investor sentiment on the streaming startup held sway on the final day of 2020.
At $28.01, the stock is back where it traded two weeks ago, before a massive boom lifted it above $62, on volume nearly nine times normal levels. There didn’t seem to be any news weighing on shares, and the downturn came as the major stock indices ended 2020 in positive territory for the day.
Despite the slump, FuboTV stock is among the year’s top performers in the media sector, having more than doubled from its IPO price in October.
Previously:
FuboTV’s yo-yo action on the New York Stock Exchange continued Wednesday as shares in the streaming service fell 14% to $33.31 amid a noisy debate about the stock’s potential.
It was the fourth day of the last five that Fubo has...
At $28.01, the stock is back where it traded two weeks ago, before a massive boom lifted it above $62, on volume nearly nine times normal levels. There didn’t seem to be any news weighing on shares, and the downturn came as the major stock indices ended 2020 in positive territory for the day.
Despite the slump, FuboTV stock is among the year’s top performers in the media sector, having more than doubled from its IPO price in October.
Previously:
FuboTV’s yo-yo action on the New York Stock Exchange continued Wednesday as shares in the streaming service fell 14% to $33.31 amid a noisy debate about the stock’s potential.
It was the fourth day of the last five that Fubo has...
- 12/31/2020
- by Dade Hayes
- Deadline Film + TV
Updated with closing price. Shares in FuboTV, which recently went public, gained more than 2% to end Wednesday at a record closing price of $16.03 after the company reported better-than-expected subscriber numbers.
The stock jumped more than 20% in early trading Wednesday and at one point surpassed $20 a share before losing steam in the last half of the day.
On Tuesday, Fubo said it had 455,000 subscribers as of September 30, up 58% from the same period in 2019 and ahead of forecasts from the company and Wall Street analysts. Total revenue increased 47% to $61.2 million. Average revenue per user, a key metric in the streaming business, came in at $67.70 per month in the quarter, up 14% from the prior-year quarter.
FuboTV stock, which went public in mid-October, has nearly doubled since its IPO.
While it is not the dominant player in the internet-delivered TV business, Fubo has established its identity since launching in 2015 in large part by providing...
The stock jumped more than 20% in early trading Wednesday and at one point surpassed $20 a share before losing steam in the last half of the day.
On Tuesday, Fubo said it had 455,000 subscribers as of September 30, up 58% from the same period in 2019 and ahead of forecasts from the company and Wall Street analysts. Total revenue increased 47% to $61.2 million. Average revenue per user, a key metric in the streaming business, came in at $67.70 per month in the quarter, up 14% from the prior-year quarter.
FuboTV stock, which went public in mid-October, has nearly doubled since its IPO.
While it is not the dominant player in the internet-delivered TV business, Fubo has established its identity since launching in 2015 in large part by providing...
- 11/11/2020
- by Dade Hayes
- Deadline Film + TV
Streaming bundle purveyor FuboTV says its forthcoming IPO on the New York Stock Exchange will see 15 million shares of common stock priced between $9 and $11 apiece.
Founded by CEO David Gandler in 2015, Fubo heads into the fourth quarter expecting to be at 370,000 to 380,000 subscribers by the end of the year, up more than 28% from 2019 and ahead of initial forecasts. Sports, which have returned after Covid-19-related interruptions, are key to the offering and are credited with spurring subscriber growth. The company says revenue in the third quarter is expected to be $50 million to $54 million.
After the stock offering, Fubo will trade under the ticker symbol “Fubo.” Currently traded over the counter, shares rose 5% Thursday to $9.49.
In an SEC filing, Fubo said it expects to reap between $136.5 million and $157.4 million from the IPO.
Over the course of 2020, Fubo has made a series of moves designed to position it for an IPO and further growth.
Founded by CEO David Gandler in 2015, Fubo heads into the fourth quarter expecting to be at 370,000 to 380,000 subscribers by the end of the year, up more than 28% from 2019 and ahead of initial forecasts. Sports, which have returned after Covid-19-related interruptions, are key to the offering and are credited with spurring subscriber growth. The company says revenue in the third quarter is expected to be $50 million to $54 million.
After the stock offering, Fubo will trade under the ticker symbol “Fubo.” Currently traded over the counter, shares rose 5% Thursday to $9.49.
In an SEC filing, Fubo said it expects to reap between $136.5 million and $157.4 million from the IPO.
Over the course of 2020, Fubo has made a series of moves designed to position it for an IPO and further growth.
- 10/1/2020
- by Dade Hayes
- Deadline Film + TV
Fubo TV posted revenue of $44.2 million for the three months ended in June, up 53% from the year before, and anticipates ending the current third quarter with 340,000 to 350,000 subscribers.
That would be up from the 286,126 subscribers the virtual MVPD clocked at the end of March and factors in continuing uncertainty around the return of live sports, specifically college football and the NFL, due to the pandemic, the company said. Sports content contributes more to revenue and subscriber additions in the third and fourth quarters.
Subscription and advertising revenue came in at, respectively, $39.5 million and $4.3 million last quarter. Monthly active users watched 140 hours per month on average in the period.
“We believe consumers will continue to choose streaming over traditional pay television, especially in the current economic climate because of its more personalized, premium viewing experience,” said CEO David Gandler. “The growth of streaming is one of the most significant changes to television,...
That would be up from the 286,126 subscribers the virtual MVPD clocked at the end of March and factors in continuing uncertainty around the return of live sports, specifically college football and the NFL, due to the pandemic, the company said. Sports content contributes more to revenue and subscriber additions in the third and fourth quarters.
Subscription and advertising revenue came in at, respectively, $39.5 million and $4.3 million last quarter. Monthly active users watched 140 hours per month on average in the period.
“We believe consumers will continue to choose streaming over traditional pay television, especially in the current economic climate because of its more personalized, premium viewing experience,” said CEO David Gandler. “The growth of streaming is one of the most significant changes to television,...
- 8/13/2020
- by Jill Goldsmith
- Deadline Film + TV
FuboTV posted a 78% rise in revenue during the first quarter, driven by growth in subscriptions, ad sales and viewing time.
The results came via a pro forma filing of results for the quarter ending March 31 by FaceBank Group, whose acquisition of Fubo closed on April 1. Shareholders have approved a proposal to change the name of the combined entity back to FuboTV.
The company’s shares currently trade over the counter, but are expected to move to a major exchange in the coming months. The stock rose 21% to $10.50 Wednesday on the earnings report, plus news of $46 million in additional investment funding secured since the merger’s close.
Paid subscribers at quarter end totaled 287,316, an increase of 37% year over year. By comparison, Hulu + Live TV reported 3.3 million subscribers as of March 31, and YouTube TV has passed 2 million subscribers.
Revenue totaled $51 million, with the vast majority coming through subscriptions. While advertising is a...
The results came via a pro forma filing of results for the quarter ending March 31 by FaceBank Group, whose acquisition of Fubo closed on April 1. Shareholders have approved a proposal to change the name of the combined entity back to FuboTV.
The company’s shares currently trade over the counter, but are expected to move to a major exchange in the coming months. The stock rose 21% to $10.50 Wednesday on the earnings report, plus news of $46 million in additional investment funding secured since the merger’s close.
Paid subscribers at quarter end totaled 287,316, an increase of 37% year over year. By comparison, Hulu + Live TV reported 3.3 million subscribers as of March 31, and YouTube TV has passed 2 million subscribers.
Revenue totaled $51 million, with the vast majority coming through subscriptions. While advertising is a...
- 7/8/2020
- by Dade Hayes
- Deadline Film + TV
Updated with new pricing, Fubo statement on WarnerMedia. A week after filling in a major gap in its network portfolio by signing a carriage deal with Disney, FuboTV is raising its prices and saying goodbye to 11 WarnerMedia channels, including TNT, CNN and Cartoon Network.
As of 12:01Am Et on Wednesday, TNT, TBS, CNN, Adult Swim, Cartoon Network, Boomerang, truTV, Hln, TCM, CNN Español and CNN International are expected to go dark on Fubo. The internet-delivered pay-tv bundle added the portfolio two years ago.
Last week’s Disney announcement added ESPN, ABC and several college sports networks to Fubo’s offering on the eve of major sports’ planned resumption. When that deal takes effect on August 1, Fubo’s base price will increase to $60 a month, from $55. Other packages will also increase.
In a statement referring to the “termination” of Fubo carriage, WarnerMedia did not appear to be leaving the door open for a deal.
As of 12:01Am Et on Wednesday, TNT, TBS, CNN, Adult Swim, Cartoon Network, Boomerang, truTV, Hln, TCM, CNN Español and CNN International are expected to go dark on Fubo. The internet-delivered pay-tv bundle added the portfolio two years ago.
Last week’s Disney announcement added ESPN, ABC and several college sports networks to Fubo’s offering on the eve of major sports’ planned resumption. When that deal takes effect on August 1, Fubo’s base price will increase to $60 a month, from $55. Other packages will also increase.
In a statement referring to the “termination” of Fubo carriage, WarnerMedia did not appear to be leaving the door open for a deal.
- 7/1/2020
- by Dade Hayes
- Deadline Film + TV
Wondery, the indie podcast producer and network, has launched a dedicated app that features its lineup of original programming. The hope: that the new Wondery App will grab more listeners by the ear — and have them part with cold, hard cash to listen to its shows ad-free.
Hernan Lopez, founder and CEO of four-year-old Wondery, touts the new app as having a user interface and personalized features closer to mobile apps for services like Netflix or Hulu than traditional podcast-listening apps. The Wondery App is available as a free download for iPhone from Apple’s App Store (at this link) and as a beta version for Android (at this link).
While the Wondery App is free — and users can listen to thousands of episodes for free, with ads — the goal is to upsell fans to the Wondery Plus subscription service. Launched in early 2019, Wondery Plus costs $4.99 per month or $34.99 for an annual subscription.
Hernan Lopez, founder and CEO of four-year-old Wondery, touts the new app as having a user interface and personalized features closer to mobile apps for services like Netflix or Hulu than traditional podcast-listening apps. The Wondery App is available as a free download for iPhone from Apple’s App Store (at this link) and as a beta version for Android (at this link).
While the Wondery App is free — and users can listen to thousands of episodes for free, with ads — the goal is to upsell fans to the Wondery Plus subscription service. Launched in early 2019, Wondery Plus costs $4.99 per month or $34.99 for an annual subscription.
- 6/23/2020
- by Todd Spangler
- Variety Film + TV
FuboTV, the five-year-old streaming bundle that is now owned by FaceBank Group, revealed a range of viewership statistics and a sharp uptick in 2019 revenue as it prepares to start trading on a major stock exchange.
As of the end of last year, Fubo had 315,789 paid subscribers, up 37% from 2018. While that’s not even 10% of what Hulu has recently reported and also puts it behind comparable streaming bundles from YouTube, AT&T and Dish Network, the offering is clearly making some real money. Fubo said it recorded total revenue of $146.5 million in 2019, up 96% from 2018, and saw streaming hours more than triple.
The information came via a shareholder letter Monday from David Gandler, co-founder and CEO, as the company gets set to upgrade from over-the-counter trading of its shares to a listing on a major stock exchange. Fubo was just acquired by FaceBank Group in a deal that closed last month, and well-traveled...
As of the end of last year, Fubo had 315,789 paid subscribers, up 37% from 2018. While that’s not even 10% of what Hulu has recently reported and also puts it behind comparable streaming bundles from YouTube, AT&T and Dish Network, the offering is clearly making some real money. Fubo said it recorded total revenue of $146.5 million in 2019, up 96% from 2018, and saw streaming hours more than triple.
The information came via a shareholder letter Monday from David Gandler, co-founder and CEO, as the company gets set to upgrade from over-the-counter trading of its shares to a listing on a major stock exchange. Fubo was just acquired by FaceBank Group in a deal that closed last month, and well-traveled...
- 5/4/2020
- by Dade Hayes
- Deadline Film + TV
FuboTV, a streaming service offering a bundle of sports TV channels, on Monday warned the Covid-19 pandemic will hit its full-year 2020 financial results.
"Although we continue to offer our services, without live sports, there is no assurance we will continue to maintain our subscriber base or continue to receive advertising dollars," the streamer said in a shareholders letter from CEO David Gandler that revealed preliminary financial results for fiscal 2019.
FuboTV, which recently merged with tech player Facebank Group and installed Edgar Bronfman Jr. as executive chairman, said it ended 2019 with 316,000 paid subscribers, against a ...
"Although we continue to offer our services, without live sports, there is no assurance we will continue to maintain our subscriber base or continue to receive advertising dollars," the streamer said in a shareholders letter from CEO David Gandler that revealed preliminary financial results for fiscal 2019.
FuboTV, which recently merged with tech player Facebank Group and installed Edgar Bronfman Jr. as executive chairman, said it ended 2019 with 316,000 paid subscribers, against a ...
FuboTV parent company FaceBank Group Inc. appointed former Warner Music Group chief executive Edgar Bronfman Jr. to its board of directors and named him executive chairman effective April 29.
Bronfman was an early investor in the sports-focused streamer through his venture capital group Waverly Capital and has also contributed angel funds to the company.
Bronfman said in a statement Wednesday he believes fuboTV has a “great future.”
“I look forward to working with David to build on the tremendous success fuboTV has already achieved as the opportunities for Ott networks continue to expand and accelerate,” Bronfman added.
Also Read: Regal Owner Vows Not to Play Movies That Defy Streaming Windows
In addition to his work at Waverly Capital, Bronfman is a managing partner at New York City-based venture capital and private equity firm Accretive. In 2004, Bronfman helped oversee Wmg’s acquisition and led the company for seven years through its Ipo,...
Bronfman was an early investor in the sports-focused streamer through his venture capital group Waverly Capital and has also contributed angel funds to the company.
Bronfman said in a statement Wednesday he believes fuboTV has a “great future.”
“I look forward to working with David to build on the tremendous success fuboTV has already achieved as the opportunities for Ott networks continue to expand and accelerate,” Bronfman added.
Also Read: Regal Owner Vows Not to Play Movies That Defy Streaming Windows
In addition to his work at Waverly Capital, Bronfman is a managing partner at New York City-based venture capital and private equity firm Accretive. In 2004, Bronfman helped oversee Wmg’s acquisition and led the company for seven years through its Ipo,...
- 4/29/2020
- by Samson Amore
- The Wrap
Edgar Bronfman Jr., the former head of Warner Music and before that a top exec at Seagram and Vivendi Universal, has been appointed executive chairman of fuboTV.
The live streaming bundle, which recently was acquired by FaceBank Group, said Bronfman will help advise on strategic direction. One key upcoming development, the company said, is a planned listing on a major stock exchange in the coming months.
Bronfman had already been an investor in fuboTV, both directly and via Waverley Capital, a venture capital group he co-founded with Daniel Leff in 2017. The company has not announced other members of its reformulated board.
Founded in 2015, fuboTV has managed to quietly make strides even as other so-called “skinny bundles” have declined or disappeared. Initially focused on soccer, it has since broadened out, with packages starting at $55 a month for 100-plus channels and range up to $80 for nearly 200 channels. Subscriber-wise, the company has not...
The live streaming bundle, which recently was acquired by FaceBank Group, said Bronfman will help advise on strategic direction. One key upcoming development, the company said, is a planned listing on a major stock exchange in the coming months.
Bronfman had already been an investor in fuboTV, both directly and via Waverley Capital, a venture capital group he co-founded with Daniel Leff in 2017. The company has not announced other members of its reformulated board.
Founded in 2015, fuboTV has managed to quietly make strides even as other so-called “skinny bundles” have declined or disappeared. Initially focused on soccer, it has since broadened out, with packages starting at $55 a month for 100-plus channels and range up to $80 for nearly 200 channels. Subscriber-wise, the company has not...
- 4/29/2020
- by Dade Hayes
- Deadline Film + TV
Over-the-top TV provider FuboTV is getting a lifeline in the form of a proposed merger with virtual entertainment company Facebank Group.
Following the closing of the merger, expected by the end of March, FuboTV will become a wholly owned subsidiary of Facebank, and Facebank will be renamed FuboTV Inc. The combined company is expected to be based in New York and led by current FuboTV CEO David Gandler (pictured above) as chief executive. The companies said they will announce additional details of the combo’s management structure and board of directors.
Facebank Group (facebankgroup.com), based in Jupiter, Fla., develops what it calls “hyper-realistic digital humans,” based on the likenesses of celebrities and sports stars, for use in applications including entertainment and artificial intelligence. Facebank was formerly Pulse Evolution, the company behind the computer-generated holographic images of Tupac Shakur at 2012 Coachella and Michael Jackson at the 2014 Billboard Music Awards. Pulse...
Following the closing of the merger, expected by the end of March, FuboTV will become a wholly owned subsidiary of Facebank, and Facebank will be renamed FuboTV Inc. The combined company is expected to be based in New York and led by current FuboTV CEO David Gandler (pictured above) as chief executive. The companies said they will announce additional details of the combo’s management structure and board of directors.
Facebank Group (facebankgroup.com), based in Jupiter, Fla., develops what it calls “hyper-realistic digital humans,” based on the likenesses of celebrities and sports stars, for use in applications including entertainment and artificial intelligence. Facebank was formerly Pulse Evolution, the company behind the computer-generated holographic images of Tupac Shakur at 2012 Coachella and Michael Jackson at the 2014 Billboard Music Awards. Pulse...
- 3/23/2020
- by Todd Spangler
- Variety Film + TV
Updated with Viacom statement: Frank Biondi Jr., a stalwart in the top echelons of the entertainment industry as the former CEO of Viacom, Universal Studios, and HBO, died Monday in Los Angeles. He was 74.
Biondi died at his home after a battle with bladder cancer, according to family and former business associates. Biondi was both widely respected and liked in a boardroom world that rarely allows for both and his business acumen helped build Viacom and HBO into potent companies and major brands.
Frank Biondi Jr. was a brilliant and esteemed leader, who left an indelible mark on Viacom and the entertainment industry at large,” Viacom said in a statement: “With his quick mind and business acumen, Frank helped transform Viacom into a global leader in entertainment. We’re grateful for his many contributions, and on behalf of the entire Viacom team, extend our deepest sympathies to his family.”
Robert Simonds,...
Biondi died at his home after a battle with bladder cancer, according to family and former business associates. Biondi was both widely respected and liked in a boardroom world that rarely allows for both and his business acumen helped build Viacom and HBO into potent companies and major brands.
Frank Biondi Jr. was a brilliant and esteemed leader, who left an indelible mark on Viacom and the entertainment industry at large,” Viacom said in a statement: “With his quick mind and business acumen, Frank helped transform Viacom into a global leader in entertainment. We’re grateful for his many contributions, and on behalf of the entire Viacom team, extend our deepest sympathies to his family.”
Robert Simonds,...
- 11/25/2019
- by Geoff Boucher
- Deadline Film + TV
Book titles posing a question are considered risky in the publishing business, especially if they’re widely hyped. A case in point: Who Is Michael Ovitz? published this week by Portfolio/Penguin. The book was, in fact, written by Ovitz, prompting some of his former colleagues and clients to propose an alternate title: Why Does Michael Ovitz Keep Re-inventing History?
The heavily promoted book reflects its author’s urgent desire to redefine his legacy as an agent, star-maker and, briefly, as president of Disney. As such, Ovitz dutifully devotes several of his 372 pages to apologizing for his take-no-prisoners business style — yes, he did assign his employees to read Sun Tsu’s The Art of War — but most of the book all but wallows in his successes, real or exaggerated. His agency, CAA, did in fact make a great deal of money for himself and his clients, and the book’s...
The heavily promoted book reflects its author’s urgent desire to redefine his legacy as an agent, star-maker and, briefly, as president of Disney. As such, Ovitz dutifully devotes several of his 372 pages to apologizing for his take-no-prisoners business style — yes, he did assign his employees to read Sun Tsu’s The Art of War — but most of the book all but wallows in his successes, real or exaggerated. His agency, CAA, did in fact make a great deal of money for himself and his clients, and the book’s...
- 9/27/2018
- by Peter Bart
- Deadline Film + TV
Global icon Beyoncé will perform at the City of Hope gala on October 11 in Los Angeles.
Beyonce and Jay-z
This will mark her first solo performance following the successful run of the biggest tour of the summer, with Jay-Z. Otrii stadium tour started in Cardiff, UK in June and is scheduled to wrap on October 4 in Seattle, Washington.
City of Hope, a world-renowned independent research and treatment center for cancer, diabetes and other life-threatening diseases, is honoring Jon Platt, Chairman and CEO of Warner/Chappell Music, with its prestigious Spirit of Life award. Platt has worked with Beyoncé since 2005.
Inspired by the guiding humanitarian principles of City of Hope and motivated by the institution’s commitment to innovative medical research and compassionate patient care, a group of key industry executives founded the charity’s Music, Film and Entertainment Industry Group in 1973. In its 45-year history, the group has raised more than...
Beyonce and Jay-z
This will mark her first solo performance following the successful run of the biggest tour of the summer, with Jay-Z. Otrii stadium tour started in Cardiff, UK in June and is scheduled to wrap on October 4 in Seattle, Washington.
City of Hope, a world-renowned independent research and treatment center for cancer, diabetes and other life-threatening diseases, is honoring Jon Platt, Chairman and CEO of Warner/Chappell Music, with its prestigious Spirit of Life award. Platt has worked with Beyoncé since 2005.
Inspired by the guiding humanitarian principles of City of Hope and motivated by the institution’s commitment to innovative medical research and compassionate patient care, a group of key industry executives founded the charity’s Music, Film and Entertainment Industry Group in 1973. In its 45-year history, the group has raised more than...
- 9/21/2018
- Look to the Stars
Jon Platt, Chairman and CEO of Warner/Chappell Music, today announced that Jay-z will be joining him in L.A. for the Oct. 11 City of Hope gala supporting the acclaimed nonprofit clinical research and treatment center for cancer, diabetes and other life-threatening diseases.
The visionary music mogul and twenty-one-time Grammy Award-winning rapper, producer, and Warner/Chappell songwriter will present the prestigious Spirit of Life award to Platt. It was recently announced that Pharrell Williams will host the star-studded event.
Platt said, “It’s no secret that I don’t like being the center of attention, that’s for the songwriters, but when I accept the Spirit of Life award this fall, I can’t think of anyone else I’d rather have presenting it. Jay is unquestionably one of the most giving and genuine people I know, not to mention one of the greatest songwriters on the planet. I’m lucky to call him my brother.
The visionary music mogul and twenty-one-time Grammy Award-winning rapper, producer, and Warner/Chappell songwriter will present the prestigious Spirit of Life award to Platt. It was recently announced that Pharrell Williams will host the star-studded event.
Platt said, “It’s no secret that I don’t like being the center of attention, that’s for the songwriters, but when I accept the Spirit of Life award this fall, I can’t think of anyone else I’d rather have presenting it. Jay is unquestionably one of the most giving and genuine people I know, not to mention one of the greatest songwriters on the planet. I’m lucky to call him my brother.
- 9/6/2018
- Look to the Stars
Jon Platt, Chairman and CEO of Warner/Chappell Music, today announced the first superstar to join him at this fall’s eagerly anticipated event in Los Angeles supporting City of Hope, an acclaimed nonprofit clinical research and treatment center for cancer, diabetes, and other life-threatening diseases.
Eleven-time Grammy Award-winning artist, songwriter, and producer Pharrell Williams will host the Oct. 11 celebration that will see Platt honored with the organization’s prestigious Spirit of Life Award. Further announcements about the all-star lineup will be made in the coming weeks.
“I’m honored to join my good friend Jon to support the groundbreaking and life-saving advances at City of Hope,” said Pharrell. “I’ve had the pleasure of working with this amazing organization before, and I’m looking forward to what promises to be a fantastic event.”
“I’m excited that my one of my closest friends and an iconic artist, Pharrell, has agreed to host the October gala,...
Eleven-time Grammy Award-winning artist, songwriter, and producer Pharrell Williams will host the Oct. 11 celebration that will see Platt honored with the organization’s prestigious Spirit of Life Award. Further announcements about the all-star lineup will be made in the coming weeks.
“I’m honored to join my good friend Jon to support the groundbreaking and life-saving advances at City of Hope,” said Pharrell. “I’ve had the pleasure of working with this amazing organization before, and I’m looking forward to what promises to be a fantastic event.”
“I’m excited that my one of my closest friends and an iconic artist, Pharrell, has agreed to host the October gala,...
- 8/1/2018
- Look to the Stars
FuboTV is getting more cash to fuel its sports-centered, over-the-top internet pay-tv business: The startup announced $75 million in fourth-round funding from investors including AMC Networks and 21st Century Fox.
The Series D round included participation by new investor AMC and existing investors 21st Century Fox, Luminari Capital, Northzone, Sky and the former Scripps Networks Interactive (now part of Discovery).
New York-based FuboTV plans to use the funding — which brings it to $150 million total raised to date — to expand its engineering and product teams, as well as increase marketing spending and to roll out new content bundles both in the U.S. and internationally.
As it has grown over the past year, FuboTV moved its headquarters into a 17,000-square-foot office space in midtown Manhattan New York headquarters. With the new funding, the company plans to double its office space and staff by the end of 2018, including the opening of a second...
The Series D round included participation by new investor AMC and existing investors 21st Century Fox, Luminari Capital, Northzone, Sky and the former Scripps Networks Interactive (now part of Discovery).
New York-based FuboTV plans to use the funding — which brings it to $150 million total raised to date — to expand its engineering and product teams, as well as increase marketing spending and to roll out new content bundles both in the U.S. and internationally.
As it has grown over the past year, FuboTV moved its headquarters into a 17,000-square-foot office space in midtown Manhattan New York headquarters. With the new funding, the company plans to double its office space and staff by the end of 2018, including the opening of a second...
- 4/18/2018
- by Todd Spangler
- Variety Film + TV
Jon Platt, chairman/CEO of Warner/Chappell Music Publishing, will receive the 2018 Spirit of Life Award from the City of Hope’s Music, Film and Entertainment Industry Group on Oct. 11, the organization announced today. City of Hope is an independent research and treatment center for cancer, diabetes and other life-threatening diseases, and the award, which recognizes a philanthropic leader whose work has fundamentally impacted music, film or entertainment, is its highest honor.
Previous recipients include label chiefs Mo Ostin, Clive Davis, Doug Morris, Edgar Bronfman Jr. and Lucian Grainge, as well as Quincy Jones, former Bmi chief Frances W. Preston and Shelli and Irving Azoff.
Platt will be presented with the award at a black-tie gala dinner to be held on October 11 in Los Angeles.
“City of Hope is an extraordinary place that doesn’t just treat the body, it also gives hope and nourishment to the soul,” Platt said.
Previous recipients include label chiefs Mo Ostin, Clive Davis, Doug Morris, Edgar Bronfman Jr. and Lucian Grainge, as well as Quincy Jones, former Bmi chief Frances W. Preston and Shelli and Irving Azoff.
Platt will be presented with the award at a black-tie gala dinner to be held on October 11 in Los Angeles.
“City of Hope is an extraordinary place that doesn’t just treat the body, it also gives hope and nourishment to the soul,” Platt said.
- 4/9/2018
- by Variety Staff
- Variety Film + TV
Tony Richardson’s look at corruption in the border patrol service is both sensational and insightful, and Jack Nicholson gives a committed performance as a downtrodden functionary who finds himself in a major moral and humanitarian catastrophe. The problem is still there today, with no consensus on the right diagnosis or solution. The action melodrama costars Harvey Keitel & Valerie Perrine, and introduces (to the U.S.) the impressive Elpidia Carrillo.
The Border (1982)
Region B Blu-ray
Indicator
1982 / Color / 2:35 widescreen / 108 min. / Street Date January 22, 2018 / available from Powerhouse Films UK / £14.99
Starring: Jack Nicholson, Harvey Keitel, Valerie Perrine, Warren Oates, Elpidia Carrillo, Shannon Wilcox, Manuel Viescas, Jeff Morris, Lonny Chapman, Alan Fudge.
Cinematography: Ric Waite, Vilmos Zsigmond
Film Editor: Robert K. Lambert
Original Music: Ry Cooder
Written by Deric Washburn, Walon Green, David Freeman
Produced by Edgar Bronfman Jr.
Directed by Tony Richardson
It’s no surprise that Tony Richardson’s 1982 The Border is indeed more relevant now,...
The Border (1982)
Region B Blu-ray
Indicator
1982 / Color / 2:35 widescreen / 108 min. / Street Date January 22, 2018 / available from Powerhouse Films UK / £14.99
Starring: Jack Nicholson, Harvey Keitel, Valerie Perrine, Warren Oates, Elpidia Carrillo, Shannon Wilcox, Manuel Viescas, Jeff Morris, Lonny Chapman, Alan Fudge.
Cinematography: Ric Waite, Vilmos Zsigmond
Film Editor: Robert K. Lambert
Original Music: Ry Cooder
Written by Deric Washburn, Walon Green, David Freeman
Produced by Edgar Bronfman Jr.
Directed by Tony Richardson
It’s no surprise that Tony Richardson’s 1982 The Border is indeed more relevant now,...
- 2/9/2018
- by Glenn Erickson
- Trailers from Hell
Turns out Pippa Middleton wasn’t the only person to have her long-awaited wedding this weekend. It’s been nearly two years since DJ, entrepreneur, and fitness guru Hannah Bronfman, 29, got engaged to fellow DJ Brendan Fallis, 37. And this weekend, the pair finally tied the knot in style in gorgeous Morocco.
Of course, finding the perfect setting for their nuptials was a high priority, so the couple took their time before nailing down just the right fit, eventually landing on La Mamounia, a stunning palatial hotel in Marrakech. “We considered many places before deciding on Marrakech,” Bronfman told Brides about the May 20 wedding.
Of course, finding the perfect setting for their nuptials was a high priority, so the couple took their time before nailing down just the right fit, eventually landing on La Mamounia, a stunning palatial hotel in Marrakech. “We considered many places before deciding on Marrakech,” Bronfman told Brides about the May 20 wedding.
- 5/22/2017
- by Alex Abel
- PEOPLE.com
Magazine publisher Time Inc.’s stock jumped nearly 8 percent Thursday — all in the last hour of trading — after the Wall Street Journal reported the company has hired Morgan Stanley and Bank of America to help it find a potential buyer. Time Inc., which owns titles including flagship Time, People and Sports Illustrated, had rejected multiple takeover bids from billionaire Edgar Bronfman Jr., according to November reports from The Wall Street Journal and The New York Post. Bronfman’s highest bid for the publisher was $18 a share, slightly higher than Thursday’s closing price of $17.75. Like many other legacy print...
- 12/8/2016
- by Matt Pressberg
- The Wrap
If you’ve been wondering what former-Maker Studios CEO, Ynon Kreiz has been up to since he left the old school YouTube multi-channel network in January 2016, there's at least a little bit of news to sate your curiosity, and it involves at least two billionaires and a 94-year-old iconic American brand.
Kreiz is part of the posse that this week made a bid to purchase Time Inc. Billionaire investor and managing partner of private equity firm Accretive LLC, Edgar Bronfman Jr. and Russian-born, UK-residing billionaire, Leonard Blavatnik reportedly made an offer along with Kreiz to purchase the publisher of Time, Sports Illustrated, Entertainment Weekly, and more for $18 per share, valuing the company at $1.78 billion.
Time Inc. is reported to have rejected the buyout bid, though it’s stock price did jump up 18% to $16.05 per share on the news. That’s a shiny spot, though, in the market’s numbers for the company,...
Kreiz is part of the posse that this week made a bid to purchase Time Inc. Billionaire investor and managing partner of private equity firm Accretive LLC, Edgar Bronfman Jr. and Russian-born, UK-residing billionaire, Leonard Blavatnik reportedly made an offer along with Kreiz to purchase the publisher of Time, Sports Illustrated, Entertainment Weekly, and more for $18 per share, valuing the company at $1.78 billion.
Time Inc. is reported to have rejected the buyout bid, though it’s stock price did jump up 18% to $16.05 per share on the news. That’s a shiny spot, though, in the market’s numbers for the company,...
- 11/29/2016
- by Joshua Cohen
- Tubefilter.com
Billionaire Edgar Bronfman Jr.’s bid to purchase magazine publisher Time Inc. for $18 a share was rejected, according to the Wall Street Journal and other media outlets. Time Inc., which publishes People, Time and Sports Illustrated among many other magazines, closed on Friday at $13.80 per share, meaning the rejected offer was for 30 percent more than its trading for. Israeli businessman Ynon Kreiz is also part of the bidding group, according to the New York Post, which cited “reliable industry sources.” Also Read: Donald Trump Wants to Lock Up Anyone Who Burns American Flag Time Inc. did not immediately respond to TheWrap’s.
- 11/29/2016
- by Brian Flood
- The Wrap
Canadian billionaire businessman Edgar M. Bronfman died Saturday. He was 84. Bronfman inherited the reins of the Seagrams biz empire in 1971 from his father Samuel and acted as Chairman and CEO. Son Edgar Bronfman Jr. later became CEO focusing on media investments and eventually lost entertainment interests including Universal Studios to Vivendi in 2000. Bronfman Sr. also served as the longtime President of the World Jewish Congress, the international organization which elected him in 1981. During his tenure Bronfman helped spearhead an initiative to grant restitution to Holocaust victims, resulting in a $1.25 billion settlement payout in 2000 from Swiss banks. He stepped down from his Wjc post in 2007.
- 12/23/2013
- by THE DEADLINE TEAM
- Deadline TV
M.I.A. says New York courts have committed a human rights violation -- against her and her baby.Filthy rich baby daddy Ben Bronfman -- son of Seagram's billionaire Edgar Bronfman Jr. -- got a restraining order in March ... blocking M.I.A. from taking her son to her homeland -- England.M.I.A. is now challenging the order, claiming it amounts to international child abduction. She's filed legal docs in New York federal court,...
- 6/10/2013
- by TMZ Staff
- TMZ
M.I.A. better love Brooklyn ... 'cause the rapper's been banned from leaving the borough with her son ... courtesy of a court order obtained by her filthy rich baby daddy, Benjamin Bronfman.M.I.A. was reportedly threatening to take her 4-year-old boy Ikhyd to England, her home country ... until Benjamin -- son of Seagram's billionaire Edgar Bronfman Jr. -- was granted a temporary restraining order in a King's County (aka Brooklyn) court earlier this week.
- 3/14/2013
- by TMZ Staff
- TMZ
M.I.A. is locked in a bitter custody battle with ex-fiance Benjamin Bronfman, and from the sound of it, neither side is likely to back down anytime soon. According to the New York Post's Page Six, the musician has been banned by a court from taking her son with Bronfman, 4-year-old Ikhyd, back to England, where the Sri Lankan Grammy nominee spent much of her youth and began her career. Page Six reports that Bronfman, the environmentalist son of billionaire Edgar Bronfman Jr., got a restraining order in [...]...
- 3/14/2013
- by Allison Takeda
- Us Weekly
New York — Lyor Cohen, the chief executive of Warner Music Group Corp.'s recorded music division, is resigning at the end of September to start a new chapter as an entrepreneur.
The company announced the move Monday.
Cohen, 52, said in a memo to staff that he has "always been an entrepreneur at heart" and that his happiest days have been when he has worked to develop artists.
"As Wmg enters its next chapter, I'm ready to begin mine," he said in the memo. "I can't yet announce what I'll be doing next, I can only say that it will be something where I can work my entrepreneurial muscles and partner with artists. That's where my passion has always been."
Cohen was credited with restructuring the division after joining Warner in 2004 following its acquisition from AOL Time Warner by a group led by former CEO Edgar Bronfman Jr.
Cohen was recruited...
The company announced the move Monday.
Cohen, 52, said in a memo to staff that he has "always been an entrepreneur at heart" and that his happiest days have been when he has worked to develop artists.
"As Wmg enters its next chapter, I'm ready to begin mine," he said in the memo. "I can't yet announce what I'll be doing next, I can only say that it will be something where I can work my entrepreneurial muscles and partner with artists. That's where my passion has always been."
Cohen was credited with restructuring the division after joining Warner in 2004 following its acquisition from AOL Time Warner by a group led by former CEO Edgar Bronfman Jr.
Cohen was recruited...
- 9/25/2012
- by AP
- Huffington Post
Edgar Bronfman Jr. is vacating his role as chairman of Warner Music Group but will remain on the company’s board, he announced in a memo to staff Monday that was obtained by TheWrap. The memo made no mention of who will succeed Bronfman as Chairman. “As my other obligations are beginning to take an inordinate amount of time, I have asked to step down as Wmg’s board chairman, effective January 31, 2012,” Bronfman told staff. “However, I will remain a director of the company and in that way, continue my association with...
- 12/5/2011
- by Lucas Shaw
- The Wrap
New York - Edgar Bronfman Jr. will step down from his chairman role at Warner Music Group early next year, he told staff in an email memo on Monday. "I wanted to let you know that, as my other obligations are beginning to take an inordinate amount of time, I have asked to step down as Wmg’s board chairman, effective Jan. 31, 2012," Bronfman wrote. "However, I will remain a director of the company and in that way, continue my association with Warner Music and its extraordinary people." Bronfman switched from the CEO to the chairman role earlier this
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- 12/5/2011
- by Georg Szalai
- The Hollywood Reporter - Movie News
Was Warner Music, Emi or a Warner-emi combination on the menu? Len Blavatnik and Lyor Cohen -- the global billionaire industrialist and the hip-hop-to-a-list record-label executive -- commanded the most noticeable seat in a media fishbowl several months ago. Huddled at Table 1 in the oval-shaped window of Michael’s, the power-lunch classic, how could they not have spent some time chewing the fat over the music industry’s crummy state? With Blavatnik’s purchase of Warner Music Group today, the duo along with company chairman Edgar Bronfman Jr., just raised their visibility in a...
- 5/6/2011
- by Johnnie L. Roberts
- The Wrap
New York – Warner Music Group on Tuesday reported a slighter higher fiscal first-quarter loss as revenue declined and the company took higher severance charges.
The music giant posted a $18 million loss, compared to a loss of $17 million in the same period a year earlier. Operating profit fell from $47 million to $27 million.
Quarterly revenue decreased 14 percent to $789 million, or 12 percent when assuming constant currencies. Wmg cited continued weakness in physical sales, which once again weren’t offset by digital gains, as well as competition from other holiday season releases as key drivers of the decline.
Wmg’s top sellers in the quarter included Josh Groban, Michael Buble, James Blunt, Kid Rock and Bruno Mars.
Digital revenue of $187 million rose 2 percent from the year-ago period and made up 24 percent of the company’s total revenue. But digital revenue declined 5 percent from the preceding quarter.
.
“While industry pressures and a highly competitive release...
The music giant posted a $18 million loss, compared to a loss of $17 million in the same period a year earlier. Operating profit fell from $47 million to $27 million.
Quarterly revenue decreased 14 percent to $789 million, or 12 percent when assuming constant currencies. Wmg cited continued weakness in physical sales, which once again weren’t offset by digital gains, as well as competition from other holiday season releases as key drivers of the decline.
Wmg’s top sellers in the quarter included Josh Groban, Michael Buble, James Blunt, Kid Rock and Bruno Mars.
Digital revenue of $187 million rose 2 percent from the year-ago period and made up 24 percent of the company’s total revenue. But digital revenue declined 5 percent from the preceding quarter.
.
“While industry pressures and a highly competitive release...
Easy come, easy go, Edgar Bronfman Jr. As news of his decision to explore the sale of Warner Music Group pushed the value of his stake up nearly $10 million Friday morning, a French court convicted Bronfman and Jean-Maire Messier of insider trading. That conviction came with a $6.8 million (5 million Euros) fine in a case stemming from his sale of shares in Vivendi the failed media empire Bronfman and the former CEO once tried to build. The legal setback came amid reports that Bronfman has commissioned Goldman Sachs to arrange...
- 1/21/2011
- by Johnnie L. Roberts
- The Wrap
Oprah Winfrey's new network will be a ratings failure, X Factor will trump Idol, Yahoo's CEO will be fired. Peter Lauria gazes into his crystal ball for these and more forecasts for the coming year.
What will 2011 hold for the media and entertainment industries? Will another Julian Assange or Tea Party emerge? Will there be another mega-takeover on par with Comcast's purchase of NBC Universal? No one knows for sure, but one thing is certain: As with any year, 2011 will supply a number of memorable and unexpected media moments. As we get set to usher in the New Year, here are 10 media predictions for 2011, based on nothing more than our own unscientific assumptions. Check back at the end of the year to see how we did.
Related story on The Daily Beast: Goldman's Facebook Voodoo
1. Google will buy a movie studio/movie library.
Continuing its efforts to legitimize (i.
What will 2011 hold for the media and entertainment industries? Will another Julian Assange or Tea Party emerge? Will there be another mega-takeover on par with Comcast's purchase of NBC Universal? No one knows for sure, but one thing is certain: As with any year, 2011 will supply a number of memorable and unexpected media moments. As we get set to usher in the New Year, here are 10 media predictions for 2011, based on nothing more than our own unscientific assumptions. Check back at the end of the year to see how we did.
Related story on The Daily Beast: Goldman's Facebook Voodoo
1. Google will buy a movie studio/movie library.
Continuing its efforts to legitimize (i.
- 12/31/2010
- by Peter Lauria
- The Daily Beast
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