- Netflix reduces subscription prices in more than 30 countries and sees its shares drop (Reuters)
- Cinemark reports an overall revenue decline in fourth quarter (THR)
- Disney+’s The Proud Family: Louder and Prouder takes home two prizes at the NAACP Image Awards (Deadline)
- Sustainable stop-motion: Industry experts discuss green animation production (Cartoon Brew)
- Imax posts low Q4 2022 revenue, despite Avatar: The Way of Water‘s record box-office take (THR)
- YouTube to allow creators to dub their videos in multiple languages (TechCrunch)
- Classic kids book How the Grinch Stole Christmas! is getting a sequel (ABC News)
- The Flash will premiere at CinemaCon 2023 (Variety)
- The US Supreme Court is reviewing a law that could reshape the internet (TechCrunch)
- Disney+ is looking for co-productions in EMEA, says VP of originals Liam Keelan (TBI Vision)
- Cineworld receives offers from potential buyers for assets outside the US (THR)
- Sony launches the PlayStation VR2 with 37 virtual reality games (Forbes)
- Banijay closes Singapore office and moves operations to Mumbai (TBI Vision)
- Guillermo del Toro’s Pinocchio wins an Animated Feature Film prize at the Art Directors Guild Awards (Variety)
- Disney is making changes to its release schedule, pushing back The Marvels (THR)
- TikTok to launch a revamped creator program with higher revenue potential for successful talent (TechCrunch)
- YouTube CEO Susan Wojcicki is stepping down after nearly a decade at the platform (NYT)
- Roku Channel’s US viewership reaches 100 million (Variety)
- Shareholders reveal why they’re closing streaming service Salto (Digital TV Europe)
- Instagram adds a feature for creators to share mass messages (TechCrunch)
- Paramount hits 77 million streaming subscribers globally (THR)
- MENA OTT revenues to double by 2028, with Netflix leading the market (Digital TV Europe)
- Roblox revenue is up, but its net losses are also growing (Gamesindustry.biz)
- The US is putting a spotlight on children’s online safety in apps like TikTok and Instagram (NPR)
- Meta plans more job cuts after laying off 11,000 employees in November (Financial Times)
- Saudi Arabia increases its stake in Nintendo to 7.08% (Gamesindustry.biz)
- Marvel to adjust its strategy to make content more visible on Disney+ (TechCrunch)
- Dungeons & Dragons filmmakers sign deal with Paramount to produce movies at its new GoldDay studio (THR)
- YouTube launches commercial music licensing platform Creator Music (TechCrunch)
- Africa is expected to have 15.6 million paid SVOD subscriptions by 2028, a new report says (Digital TV Europe)
- Paramount lays off 120 employees in its Showtime/MTV Entertainment Studios merger (TBI Vision)
- The UK government’s post-COVID film and TV restart scheme has left some producers in the lurch (Deadline)
- Dave Hollis, former president of worldwide distribution for Disney’s movie studio, has passed away at age 47 (THR)
- Fox turns down US$2-billion offer for its streamer Tubi (Bloomberg)
- A new Samba report highlights the longevity of Netflix’s Wednesday success (Deadline)
- Comcast ends free access to Peacock for existing subscribers, after nixing it for new users (Engadget)
- Hogwarts Legacy is the biggest Harry Potter game release to date, besting the previous sales record by 64% (Gamesindustry.biz)
- Bill Damaschke is in talks to take over as head of Warner Animation Group (THR)
- Dana Walden, Alan Bergman to helm Disney’s streaming biz in leadership rejig (IndieWire)
- Epic Games launches an app that lets users share gameplay clips (TechCrunch)
- Four writers are set to turn films into musicals as part of a DreamWorks Theatricals career accelerator (Deadline)
February 24, 2023
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