U.S. Advertising Revenue Forecast Raised for This Year and Next, But With a Big Caveat
U.S. advertising revenue, excluding political ads, will grow 5.9 percent in 2023, instead of the previously forecast 5 percent, followed by a 5.2 percent increase in 2024, up from 4.3 percent. Those are among the key predictions made by Brian Wieser, principal at Wall Street insights provider Madison and Wall, in a forecast published on Wednesday that cited […]
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A Jinn Fantasy, Camels in the Desert and Funeral Home Temp Work: Arab Cinema at the Red Sea Film Festival
“Your Story, Your Festival,” is the theme for this year‘s Red Sea International Film Festival, with organizers promising “a unique and powerful platform for celebrating film, connecting cultures and expanding horizons while welcoming stories from all walks of life.” The festival’s third edition will take place Nov. 30-Dec. 9 in Jeddah, Saudi Arabia. Alongside an […]
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BBC Subscription Podcast Service Launches in 166 New Countries
BBC Studios, the commercial arm of the U.K. public broadcaster BBC, on Tuesday launched BBC Podcasts Premium, its Apple subscription podcast service, in 166 new countries in Europe, Africa, Asia, the Middle East, Latin America and the Caribbean. Specifically, the service is now available in France, Germany, Mexico, Brazil, Argentina, India, Japan, South Korea, Hong […]
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How Gen Z Is Driving the Adoption of Generative AI in the U.K.
The adoption of Generative Artificial Intelligence (GenAI) in the U.K. is driven by teenagers and children, according to a new study from media regulator Ofcom. “Gen Z driving early adoption,” it says in the summary of the latest version of its annual Ofcom Online Nation 2023 report, published just after midnight London time on Tuesday. Generation […]
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Disney Town Hall Preview: What Wall Street Wants From Bob Iger
Disney’s decision to bring back long-time CEO Bob Iger to replace beleaguered Bob Chapek on Nov. 20, 2022 sent shock waves through Hollywood. The stock closed that week at $98.87 amid hopes he could right a struggling ship. On Nov. 28 last year, Iger used a town hall meeting to outline first priorities and told […]
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Why Paramount+ Is Going Big for CCXP in Brazil, Showcasing ‘Halo,’ ‘Star Trek: Discovery,’ ‘Drag Race’
With entertainment and comics convention CCXP in Sao Paolo, Brazil attracting huge audiences and having grown in importance, Paramount Global’s Paramount+ is set to bring such powerhouse content brands as Halo, Star Trek: Discovery, Teenage Mutant Ninja Turtles: Mutant Mayhem, The Thundermans Return and Drag Race: Brazil to the event’s 2023 edition. As one of […]
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Diane Kruger, Ranveer Singh to Get Red Sea Film Fest Honor; Joel Kinnaman, Freida Pinto, Paz Vega Join Jury
Diane Kruger, Indian actor Ranveer Singh, Joel Kinnaman, Freida Pinto and Paz Vega are set to add star power to the third edition of the Red Sea International Film Festival in Jeddah, Saudi Arabia. Pinto (Slumdog Millionaire, Knight of Cups), Vega (Sex and Lucía, The OA), Kinnaman (Silent Night, For All Mankind, Suicide Squad) and […]
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‘Extraordinary,’ ‘Under the Banner of Heaven’ Set for ITVX Under Deal With Disney Entertainment
FX-produced Hulu series Under the Banner of Heaven, starring Andrew Garfield, and season 1 of British comedy series Extraordinary are set to come to U.K. TV giant ITV’s streamer ITVX in 2024 under a deal with Disney Entertainment. ITV said on Thursday that Under the Banner of Heaven will stream on ITVX, with Extraordinary airing […]
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‘Ferrari’ Gala Screening to Close Red Sea Film Festival
The Red Sea International Film Festival (RSIFF) in Jeddah, Saudi Arabia will wrap up its third edition next month with a closing-night gala screening on Dec. 7 of Ferrari, the biopic from Michael Mann starring Adam Driver, Penelope Cruz, Shailene Woodley and Patrick Dempsey. Organizers on Wednesday also unveiled the lineup for the International Spectacular […]
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OpenAI Bringing Back Sam Altman as CEO Days After Firing
In another plot twist, artificial intelligence start-up OpenAI, the parent company of ChatGPT, said that co-founder Sam Altman was set to return as its CEO after days of drama following a showdown between him and the company’s board that fired him. “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with […]
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Box Office Forecast Takes Hit Amid Release Date Delays During Strikes
With the Hollywood writers and actors strikes having been resolved and studios having delayed some key releases, how will the box office be affected? Exhibition stocks analyst Eric Wold of B. Riley took a stab at answering the question, adjusting his forecasts in a Tuesday report. He reduced his 2024 industry box office projection “given […]
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A New Warning Sign for Pay TV Erosion
Cord-cutting amid the rise of streaming services and the high price of the TV bundle has significantly reduced pay TV penetration in the U.S. in recent years, while Asia-Pacific and Europe have continued to experience growth. Now, research firm Ampere Analysis is predicting this will change, forecasting that 2024 will record the first-ever annual decline […]
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