Lucas Shaw / Bloomberg:
Analysis: Amazon is projected to spend ~$15B on programming including sports in 2022, ahead of Netflix’s $13.6B, Disney+’s $9.5B, and Apple’s $6B — Good afternoon from Los Angeles. I am headed to Singapore and Seoul at the end of the month. If there is anyone I should meet while I am there …
Lucas Shaw / Bloomberg:
How Indonesia’s premium streaming video service Vidio is outperforming Netflix and Disney+ in terms of consumption in the world’s fourth most populous country — Good morning from Seoul, where I’ll spend the week trying to better understand how South Korea became a global hub of pop culture.
Lauren Forristal / TechCrunch:
Disney hit 235.7M global streaming subscribers in its Q4, above Netflix’s 223.1M in its Q3; Disney+ had 164.2M subscribers, Hulu had 47.2M, and ESPN+ had 24.3M — Disney reported results for the final quarter of its 2022 fiscal year today, revealing a total of 164.2 million Disney+ global subscribers …
Wall Street Journal:
Sources: Disney explores a membership program similar to Amazon Prime, bundling streaming, theme parks, and merchandise, and adding commerce features to Disney+ — Entertainment giant looks to package streaming, parks and merchandise offerings together; aims to add commerce feature to Disney+
Sarah Krouse / Wall Street Journal:
Bob Iger returns to a more competitive and challenging streaming landscape and should steer Disney+ to profitability without cannibalizing Disney’s other units — Incoming CEO championed Disney+, but needs to steer streaming business toward profitability without cannibalizing other Disney units
Lucas Shaw / Bloomberg:
How Netflix plans to fight slowing growth, including via an ad-supported tier; Netflix accounts for ~8% of all TV viewership in the US, the most of any network — Around noon on Wednesday, March 16, hundreds of Netflix Inc. employees gathered on the second floor of the Anaheim Hilton Hotel expecting to hear good news.
Todd Spangler / Variety:
Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing — Netflix will no longer share projected subscriber targets in upcoming earnings reports — a closely tracked metric among investors …
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