Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Entertainment Industry Leverages Technology to Combat Streaming Services

FinancialBuzz.com News Commentary


News provided by

FinancialBuzz.com

26 Feb, 2019, 14:00 GMT

Share this article

Share toX

Share this article

Share toX

NEW YORK, Feb. 26, 2019 /PRNewswire/ -- The emergence of online streaming has created new opportunities for the film and media industry. However, there still remains a concern over the future growth of cinemas. The movie and entertainment industry has seen a steady decline in revenue growth in its largest markets, the U.S. and Europe. Now, major movie corporations are tasked with reaching new audiences to increase sales. As a result, new marketing strategies are incorporating digital technology to communicate with audiences in order to bolster movie-goer attendance. And, according to data compiled by Grand View Research, the global movies and entertainment market was valued at USD 80.98 Billion in 2016. Furthermore, it is expected to grow to USD 114.93 Billion by 2025. The market will continue to expand as movie companies connect with their audiences through promotional events, consumers goods, and the development of technology to further drive revenue growth. The Wonderfilm Media Corporation (OTC: WDRFF) (TSX-V: WNDR), Viacom Inc. (NASDAQ: VIAB), Comcast Corporation (NASDAQ: CMCSA), AMC Entertainment Holdings, Inc. (NYSE: AMC), Lions Gate Entertainment Corp. (NYSE: LGF-A)

Despite the niche nature of the industry, companies still struggle against the growing online streaming market. As a result, competitors have shifted their focus towards regional cinema to diversify their works. As companies expand into cinemas, they look to establish stronger relationships with audiences. Primarily, increased adoption of mobile communications and internet in countries like China, South Korea, and India are pushing the industry into emerging markets. "It's like a ritual," says Liz Han, Deputy General Manager for Motion Pictures and Entertainment at Beijing Culture. "A social occasion for couples on dates, for friends to hang out, so that's one thing that online streaming can't replace. The whole experience that you get in cinemas isn't something that you can get in your living room. Even though some online sites want to build something that's similar to cinema, it's still a whole experience that you can't copy."

The Wonderfilm Media Corporation (OTC: WDRFF) (TSX-V: WNDR) is also listed on the TSX Venture Exchange under the ticker symbol (TSX-V: WNDR). Yesterday the company announced breaking news that it is, "pleased to recognize and congratulate our newest producing partners and Oscar winning duo, Shaun Redick & Yvette Yates Redick on their success of 'BlacKkKlansman', which garnered the Best Adapted Screenplay Oscar at the 91st Academy Awards held on February 24, 2019. The award further solidifies Shaun & Yvette as industry leading producers whom are able to develop story ideas into silver screen successes. BlacKkKlansman's Oscar win and nominations are tremendous follow-ups for Shaun and Yvette as their feature film, 'Get Out', won the Academy Award for Best Screenplay at last year's award ceremony.

Shaun & Yvette's company, Impossible Dream Entertainment ("iDream Ent."), packaged and produced 'BlacKkKlansman', while the film was directed by the iconic and celebrated Spike Lee. This feature has currently surpassed a worldwide theatrical gross of approximately $90,000,000 USD. iDream Ent's 2017 feature, 'Get Out', directed by filmmaker Jordan Peele for Universal Pictures, achieved an amazing worldwide theatrical gross of $255,000,000 USD.

'Shaun and Yvette have an exceptional eye for identifying exciting content and being able to transform those ideas into award winning, high grossing movies,' said Kirk Shaw, CEO of Wonderfilm. 'In BlacKkKlansman's case, the production duo optioned the book and oversaw development of the story into a screenplay alongside the director Spike Lee. It truly takes unique talent and rare skill to recognize an idea's potential and further guide it through the process of becoming a feature film that gains multiple Oscar nominations. This year's Oscar nod further demonstrates what I've known for years, that few producers match Shaun and Yvette's creative and business acumen. Everyone at Wonderfilm looks forward to working with Shaun and Yvette this year on our combined movie slate.'"

For our latest "Buzz on the Street" Show featuring The Wonderfilm Media Corporation recent corporate news, please head over to: https://www.youtube.com/watch?v=cbKr6qNfR1I

Viacom Inc. (NASDAQ: VIAB) creates entertainment experiences that drive conversation and culture around the world. Viacom Inc. recently announced that it has entered into a definitive agreement to acquire Pluto TV, the leading free streaming television service in U.S., for USD 340 Million in cash. Founded in 2013, Pluto TV streams more than 100 channels and thousands of hours of on-demand content spanning television and movies, sports, news, lifestyle, comedy, cartoons, gaming and trending digital series. The ad-supported, internet-based TV service features world-class programming sourced from over 130 partnerships with media networks, major film and television studios and a wide range of digital content producers. The acquisition of Pluto TV will advance Viacom's key strategic priorities, including expanding its presence across next-generation distribution platforms and growing its advanced advertising business. Additionally, access to Viacom's global reach, leading brands and vast, unencumbered library will help solidify Pluto TV as the leader in the free streaming video market in the U.S., and accelerate Pluto TV's global growth."Today marks an important step forward in Viacom's evolution, as we work to move both our company and the industry forward. Pluto TV's unique and market-leading product, combined with Viacom's brands, content, advanced advertising capabilities and global scale, creates a great opportunity for consumers, partners and Viacom," said Bob Bakish, Viacom President and Chief Executive Officer.

Comcast Corporation (NASDAQ: CMCSA) creates incredible technology and entertainment that connects millions of people to the moments and experiences that matter most. Recently, In celebration of Lunar New Year, Xfinity TV customers can now access thousands of hours of Asian and Asian American entertainment in one curated destination via Xfinity On Demand. Xfinity X1 customers can also browse and navigate the experience with the X1 Voice Remote by saying "Asian American" and for the first time, online content from streaming services KOCOWA, Hi-YAH!, and Amazon Prime Video are also included. Xfinity TV customers can access the Lunar New Year destination through February 28 and enjoy music, podcasts, TV series, movies and more, along with English and in-language programming in Chinese, Japanese, Korean, and Tagalog. Popular movies like "The Handmaiden," as well as "Mr. Six," "Coin Locker Girl," and "Already Tomorrow in Hong Kong" available over the Internet on X1 from Amazon Prime Video. "Xfinity TV's Lunar New Year collection is a celebration of the vast contributions the Asian American community makes to entertainment across genres," said Rebecca Simpson, Executive Director of International Strategy for Comcast. "The Lunar New Year destination is another way Comcast can proudly showcase its dedication to providing customers the best Asian and Asian American programming."

AMC Entertainment Holdings, Inc. (NYSE: AMC) is the largest movie exhibition company in the U.S., in Europe and throughout the world with more than 1,000 theatres and nearly 11,000 screens across the globe. AMC Theatres recently announced that AMC Stubs, the Company's loyalty program, has continued its brisk growth now totaling more than 18 million member households in the United States. At the U.S. average of 2.6 people per household, that means approximately 46 million Americans are enjoying the AMC experience through an engaged movie-going relationship via AMC Stubs. The program's growth continues to be driven by the tremendous benefits offered by the three tiers of AMC Stubs: AMC Stubs A-List; AMC Stubs Premiere and AMC Stubs Insider. A-List and Premiere members are enjoying a 10% discount at the box office and concession stand, free size upgrades on popcorn and soda, priority lines, and no online ticketing fees. "The continued growth of AMC Stubs remains a win for our guests, our studio partners and our investors. We've seen AMC Stubs continue to grow by millions of members each year without any slowdown, which is a testament to the program's incredibly popular benefits and the quality of experience guests expect at AMC. And just as important, the approximately 46 million American frequent movie-goers currently earning valuable AMC Stubs points allows AMC to generate attendance growth through highly effective targeted marketing," said Adam Aron, Chief Executive Officer and President, AMC Theatres.

Lions Gate Entertainment Corp. (NYSE: LGF-A), the first major new studio in decades, is a global content platform whose films, television series, digital products and linear and over-the-top platforms reach next generation audiences around the world. Global content leader Lionsgate recently reported revenue of USD 901.0 Million and net loss attributable to Lionsgate shareholders of USD 144.1 Million, or fully diluted loss per share of USD 0.67, on 213.6 million diluted weighted average common shares outstanding for the quarter ended September 30, 2018. Media Networks segment revenues increased by 5% to USD 377.3 Million due to strong OTT subscriber revenue. Segment profits increased 19% to USD 122.7 Million from the prior year quarter. Domestic subscribers increased 1.3 million sequentially in the quarter, reaching 25.1 million, with growth in both traditional MVPD and OTT subscribers. Motion Picture segment revenues decreased by 2% to USD 379.0 Million. Segment profits increased by 45% to USD 12.9 Million, reflecting the strong ancillary performance of previously released theatrical titles. "We're pleased to report a strong quarter with robust free cash flow and outstanding growth at Starz," said Lionsgate Chief Executive Officer Jon Feltheimer. "Our great results at Starz reflect our slate of hit premium programming, strong over the top subscriber growth and retention, and healthy gains in our MVPD business. Coupled with the global expansion strategy we have begun to execute, we see a very clear path to outsized value creation for our platform."

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz 

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com  

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For the wonderfilm media corporation financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

Media Contact:
email:  info@financialbuzz.com 
+1-877-601-1879
Url: www.FinancialBuzz.com

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.