• Posting this again since Readout asked about it today - the Train Graveyard is hidden for everyone, including admin, to clean up the front page of this forum. If you want access to see old threads you can be added.

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I was going to bring back the old "Netflix Crash and Burn" thread, but with all the bad news that just keeps coming out about Hollywood (mostly news about Netflix, Disney, and WB), I thought I expand it to cover all of Hollywood.


Streaming giant Netflix has lost a case against the Writers Guild of America, and must pay $42 million in unpaid residuals.

A recent arbitration with the WGA over Bird Box starring Sandra Bullock has resulted in the organization securing $42 million in unpaid writer residuals.

“Netflix argued the WGA should accept a substandard formula the company negotiated with DGA and SAG-AFTRA,” reads a WGA memo from president Meredith Stiehm. “After a hearing, however, an arbitrator determined differently: that the license fee should have been greater than the gross budget of the film
.”
 

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Who is ready to pay more for Hulu & Disney+ while also watching ads? :mad:


Disney+ and Hulu will both be receiving price hikes in both their ad-supported and premium tiers, Disney announced today.

The price hike is timed with the impending release of Disney+'s ad-supported tier, which will cost $7.99. The ad-free version, meanwhile, will rise to $10.99 — an increase of $3 per month.

As for Hulu, it will jump $2 per month, rising from $12.99 to $14.99 on October 10. Meanwhile, the ad-supported verion will rise from $6.99 to $7.99.

The price hikes come amid strong subscriber increases for Disney+, which rose to 151 million subscriptions. However, those increases have been tempered by large losses. According to Disney's financials released today, Disney+, Hulu, and ESPN+ have combined to lose $1.1 billion.

The programming has also been quite successful. Disney+ has established itself with a slew of successful MCU and Star Wars shows, with Andor and She-Hulk just around the corner, while Hulu has found big success with Prey.

Disney+'s ad-supported tier launches December 8.
 

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I wonder what that'll eventually mean for Prime Video.
 

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I wonder what that'll eventually mean for Prime Video.
I don't know, but it looks like Walmart is trying to cut a deal with Disney, Paramount, and Comcast to make their own streaming deal/package. :-(

 

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I don't know, but it looks like Walmart is trying to cut a deal with Disney, Paramount, and Comcast to make their own streaming deal/package. :-(

Well, I guess now we know where Newsmax, OANN, Fox, and the rest of that dumpster fire will end up once they're finally driven off all the "normal" cable providers.
 

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Well, I guess now we know where Newsmax, OANN, Fox, and the rest of that dumpster fire will end up once they're finally driven off all the "normal" cable providers.
I think Fox is going to stay on Hulu & Disney+ because Disney owns them now.
 

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I thought Disney owned everything but the Fox News brand? It was the "news" service I was thinking of specifically. Murdoch still owns that.
 

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I thought Disney owned everything but the Fox News brand? It was the "news" service I was thinking of specifically. Murdoch still owns that.
Your right, I forgot about that. That was the one part of Fox that Disney did not want to own.
 
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I think the cost of living crisis is going to hurt these guys badly.

When you can't afford heating and food, your TV packages are going to get canned pretty quickly, especially if they keep pushing up the prices.
 

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Counterpoint: They're already expecting lots of people to cancel, so they're pushing up prices now because those who keep paying will probably continue to do so despite the cost-of-living crisis.
 

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Counterpoint: They're already expecting lots of people to cancel, so they're pushing up prices now because those who keep paying will probably continue to do so despite the cost-of-living crisis.

Yeah, I suspect that's true, but I think that's based on the assumption that the crisis will be limited to one group - the working classes.

But it's going to hit the middle classes as well. Hard. And a recent price rise is going to stick in people's minds.
 
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Tarnagh

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And a recent price rise is going to stick in people's minds.
This. The price of *everything* has gone up. People are already looking for ways to cut the "fat" out of their household budget. D+ and Hulu will likely keep the customers who can still afford this but they're going to lose an awful lot of customers, I think. The price increase isn't going to compensate for the customers lost, which will mean another price increase in a year or so when they go over their annual report.
 

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Warner Bros. cooked its HBO Max subscriber numbers by as many as 10 million and misled shareholders in other ways that violate the Securities Act to complete its merger with Discovery, according to a class-action lawsuit that claims it could potentially represent “hundreds of thousands” of plaintiffs.

The lawsuit was filed last Friday in New York on behalf of the Collinsville Police Pension Board, an Illinois-based shareholder of Warner Bros. Discovery stock, which it accepted in trade for its pre-merger Class C common Discovery shares. At the time of the merger, Discovery shares were valued at $24.78; as of Tuesday, WBD shares were trading just above $11.

The lawsuit names Warner Bros. Discovery, CEO David Zaslav, and CFO Gunnar Wiedenfels as defendants. WBD did not immediately respond to a request for comment.
 

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Here is some more info on the upcoming lawsuits over how things are running over at Warner Bros. Discovery.


And here is David Zaslav reply to the rumors about Discovery reselling WB someone else in the very near future.


If you ask me, I think David Zaslav is full of it, and it's only a matter of time before NBC Universal becomes the new owners of WB.

 

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Netflix will charge $6.99 per month for its new advertising-supported tier, which the company will roll out in the U.S. on Nov. 3.

Netflix’s “Basic with ads” tier will include an average of four to five minutes of commercials each hour and won’t give users the ability to download movies and TV series. A limited number of TV series and movies will initially be unavailable due to licensing restrictions.

Ads will be 15 or 30 seconds in length and will play before and during Netflix’s content. Companies will have the ability to prevent ads from appearing on content they deem unsavory or unsuitable. To help advertisers understand its reach, ratings company Nielsen will use its standard digital audience measurement, Digital Ad Ratings, in the U.S. beginning in 2023.

Netflix is launching its first less-expensive plan with commercials after years of rejecting the concept. The move comes as subscriber growth has plateaued in recent quarters. Netflix lost subscribers in the first two quarters this year and expects to add just 1 million customers in the third quarter. The company has about 221 million subscribers globally, which makes it the largest worldwide streaming service.


While it is nice to know how this new ad supported tier on Netflix will work, I think I am going to stick with Nitflix's $9.99 No Ads tier unless they do away with it or make the price go up again.
 

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Warner Bros Discovery CEO David Zaslav continued to defend the deep cuts to the company's animation and streaming lineups during today's earnings call, signaling that more could be on the way after absorbing a $2.8 billion net loss in the most recent quarter.

"Spending money with abandon all in the service of building sub numbers is in our view deeply flawed," Zaslav said during the call.

His comments follow a period in which Warner Bros Discovery has aggressively slashed its animated offerings, canceled movies like Batgirl, and removed shows and movies from services like HBO Max.
 
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