We hear how the Covid19 outbreak has affected their business and what the biggest challenges they have faced have been.
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The subscription economy is booming, and media and entertainment giants are steering the change. Even as Disney and Apple prepare to enter the market with premium offerings alongside direct-to-consumer platforms from HBO Max, NBCUniversal, BritBox and Quibi, the global subscription-based video on-demand (SVOD) business still has room for further growth [per Ampere Analysis].
It’s no coincidence that pay TV service viewership continues to decline as more consumers prefer to curate their own content packages by stacking subscription services and watching video content on social media.2 Yet the very same forces that are driving the SVOD non-linear phenomenon risk undermining its success.
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A special presentation with SET analysing the forces driving change in the broadcast and media sector and how these are influencing both the demand and supply of media technology.
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Disney announced strong second quarter results for fiscal year 2018, topping Wall Street expectations. The entertainment giant reported a 9% year-on-year quarterly revenue increase, while earnings per share jumped 23%. This growth was fueled by its Parks division and Studio Entertainment segment, in particular the success of blockbuster movies such as Marvel’s ‘Black Panther’ and ‘Avengers: Infinity War’. Disney’s Studio Entertainment is set to keep the blockbuster titles coming over the next few years, which will be of vital importance when Disney launches its direct-to-consumer offering in 2019. The company’s cable segment, which includes ESPN, saw operating income drop 6%, partly due to costs associated with the new streaming service ESPN Plus.
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How much do you understand about Bitcoin or cryptocurrencies? Do you know what Blockchain is, or what an ICO means? Here is a handy reference guide for all of you with some very useful links for more information.
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