10 Stories You Should Know: 11/02/2022
Here are the stories that should be on your radar
Here are the stories that should be on your radar for Wednesday, November 2nd, 2022:
Paramount Global Hits Bumps In Q3, With Pay-TV Declines Offsetting Streaming Progress; Stock Drops In Pre-Market Trading (Deadline)
Paramount Global shares slid in pre-market trading after the media company reported third-quarter financial results below Wall Street’s expectations. While streaming service Paramount+ reached 46 million subscribers, up 4.6 million from the previous quarter, the broader picture was less upbeat.
One-In-Three Canadians Canceled Streaming Subscriptions In The Past Year (Senal News)
Mainly in direct response to a persistent and ongoing cost of living crisis roiling households, one-in-three Canadians have cancelled at least one service in the past semester, according to new data from the Angus Reid Institute.
WWE Expands Deal With MultiChoice in Africa, Making Streamer Showmax New Home of WWE Network (The Hollywood Reporter)
Sports entertainment powerhouse WWE has extended and expanded its relationship with African pay TV giant MultiChoice with a new TV and WWE Network rights deal that makes streaming service Showmax the new home of WWE Network in Sub-Saharan Africa. The deal replicates WWE’s deal with Peacock/NBCUniversal in the U.S. for the region.
Paramount+ To Launch On Virgin Media In UK (Deadline)
Paramount has struck a multi-year distribution agreement with Virgin Media, extending a long-term partnership between the pair. Streamer Paramount+, which has been heavily prioritizing international, will debut on Virgin TV in 2023.
Minority Representation in U.K. TV Workforce Up, But Disabled and Working Class People Remain Underrepresented, Ofcom Report Reveals (Variety)
The report finds that across the broadcasters’ workforces overall representation of minority ethnic groups increased to 15% of workers. This exceeds representation in the U.K. working age population (13%) but remains below that for major cities in which a number of these broadcasters have a strong presence (London at 37% and Manchester at 28%). Representation of people from minority ethnic backgrounds at senior management level also rose to 9%, although continued improvement is needed, the report noted.
Netflix And MEMI Partner To Offer Four Arab Writers $30K Grants, Boost Arabic Storytelling (Zawya)
The writers will be given 6 months to use the funds, whether to assemble a writer’s room, extend their stay in the US to work with MEMI instructors to hone their series or hire a Netflix-approved consultant to advise them on the continued development of their series. At the end of the term, the writers will pitch the fully developed stories to Netflix.
Central Europe To Gain 5 Million SVOD Subs In 2022 (Rapid TV News)
Driven by the arrival of HBO Max and Disney+ in the region, seemingly benefitting from a generally favourable uptake despite increasingly stronger competition and uncertain economic circumstances, 2022 is marking a significant milestone year for the Central Europe over-the-top (OTT) ecosystem says research from Dataxis.
DStv Cuts Off Hisense And Samsung TV Apps — Offers Customers Free Streamas (My Broadband South Africa)
Notably, the reader could not find any warning of the end of support date while looking through his SMSes and emails.
His Hisense TV also wasn’t old. He bought it in December 2021
9th Circuit Affirms Dismissal Of Reno’s Franchise Fee Suit Against Netflix And Hulu (Law Street)
The Nevada suit claims that the defendants owe franchise fees to state municipalities as video service providers, likening them to traditional cable providers who use public rights-of-way or municipal infrastructure to provide access. Reno, on behalf of all Nevada cities and towns, sought damages, including 5% of the defendants’ gross revenues derived from operations in each municipality.