Strictly Business

Riot Games Tackles TV Production Its Own Way

Riot Games is the company best known for the hugely popular “League of Legends” video game series, but it’s also making a name for itself as a TV…

Nexstar Ad Sales Grow More Than 18% in Q3, Political TV Spot Revenue Up 942% Ahead of Midterms

New CW network owner Nexstar reported its third-quarter 2022 earnings Tuesday before the bell, revealing TV ad sales were up more than 18% year over year overall, while revenue from…

AMC Networks Tops 11 Million Paid Streaming Subscribers as U.S. Ad Sales Drop 10% in Q3

AMC Networks reported its third-quarter 2022 earnings Friday, revealing it hit 11.1 million paid streaming subscribers by the end of Q3, a quarter that also saw its U.S. ad sales…

HBO Max, HBO and Discovery+ Near 95 Million Combined Streaming Subscribers in Q3

Warner Bros. Discovery saw streaming subscriptions rise to nearly 95 million combined global customers across HBO, HBO Max and Discovery+ from July 1-Sept. 30, the quarter during which…

Roku Beats Q3 Estimates, Stock Plummets on Weak Outlook

Roku handily topped Wall Street estimates for the third quarter of 2022, as the streaming platform and media company packed on 2.3 million streaming accounts to reach 65.4…

Amazon Posts 15% Q3 Sales Bump but Misses Revenue Targets and Warns of Q4 Slowdown, Touts ‘Rings of Power’ Viewing

Despite inflationary headwinds Amazon pulled in a double-digit increase in third-quarter sales, which were up 15% to $127.1 billion, but still came in shy of Wall Street revenue…

Meta Q3 Sales Slip 4%, Facebook Nears 2 Billion Daily Users

Meta was buffeted by a broad ad-spending slowdown in the third quarter, reporting a year-over-year revenue decline of 4%, while it missed Wall Street expectations on the bottom…

YouTube Ad Revenue Drops 1.9% in Q3, Alphabet Misses Wall Street Expectations

A pullback in ad spending cramped YouTube’s revenue for the third quarter of 2022, with Google’s video platform notching $7.07 billion in ad sales — a decline of…

Snap Misses on Q3 Revenue, Takes $155 Million Charge for Layoffs

Snap, the parent company of Snapchat, fell just short of Wall Street revenue expectations for the third quarter — which were already lowered — reporting a sales increase…

Primary Wave Music Founder Larry Mestel on the Booming Song-Catalog Market, and How He Plans to Spend $2 Billion

Bruce Springsteen and Bob Dylan selling their catalogs for $600 million, Genesis and Phil Collins for $300 million, Stevie Nicks for $100 million — over the past few…

Netflix’s Ted Sarandos Is Feeling ‘Better and Better’ About $17 Billion Content Budget: ‘We’re Spending at About the Right Level’

Following a quarter that saw Netflix release several of its most popular titles of all time — per the streamer’s self-reported internal measurements — and a return to…