Hereโs why airlines are sounding the alarm over 5G service
The airline industry is raising the stakes in a showdown with AT&T and Verizon over plans to launch new 5G wireless service this week, warning that thousands of flights could be grounded or delayed if the rollout takes place near major airports.
Dems: Discovery, AT&T merger will hurt diversity, workers
House Democrats are raising concerns that the proposed merger of Discovery and AT&Tโs WarnerMedia, a $43 billion effort to conquer the world of streaming, could affect diversity efforts in Hollywood and particularly hurt Latinos, who are already deeply underrepresented.
'Wonder Woman 1984' debuts with pandemic-best $16.7M
This image released by Warner Bros. Entertainment shows Gal Gadot in a scene from "Wonder Woman 1984." โWonder Woman 1984โ grossed an additional $19.4 million in international markets where it began playing a week earlier. But WarnerMedia is counting on โWonder Woman 1984โ to matter more to HBO Max, which wobbled in its initial rollout. Warner Bros. nevertheless seized on the returns for โWonder Woman 1984โ as the best as could be expected, given the circumstances. Streaming numbers weren't provided for โSoulโ or โWonder Woman 1984.โ WarnerMedia said nearly half of HBO Maxโs subscribers watched โWonder Woman 1984โ on its first day on the streaming platform, though it didn't say how long constituted a watch.
Disney+ subscribers reach 86.8 million worldwide
Chapek said Disney+ subscribers worldwide have reached 86.8 million, up from 74 million last month. But Disney also kept its biggest films โ including Marvel's โBlack Widow," Pixar's โLuca,โ a โLion Kingโ prequel โ on course for theatrical release. Jenkins becomes the first woman to direct a โStar Warsโ film. Among the โStar Warsโ series are two spinoffs of โThe Mandalorian,โ set during the series' timeline: โRangers of the New Republicโ and โAhsoka,โ with Rosario Dawson. Seven Disney films topped $1 billion worldwide.
Coronavirus impact saps AT&T in 2Q; hit to WarnerMedia
The coronavirus sapped $2.8 billion in revenue from AT&T in its most recent quarter, mostly in its WarnerMedia TV and film division. WarnerMedia revenue fell 23% to $6.8 billion due to a pullback by TV advertisers, particularly as there were no live sports, and movie theaters closed. The company is hoping to navigate the shift to online video with its HBO Max service, which launched in late May. It's not specified how many were existing HBO customers who upgraded to Max for free and how many were new customers; there are 36.3 million U.S. subscribers to HBO Max or HBO. The company said it had โwork to do to educate and motivateโ HBO customers that they could switch to HBO Max, which has more content.
Movie theaters implore studios: Release the blockbusters
FILE - Posters for upcoming movies are displayed in an empty corridor at the currently closed AMC Burbank Town Center 8 movie theaters complex on April 29, 2020, in Burbank, Calif. After several false starts, the film industry is hoping to bring new releases back into movie theaters in late August. While the beleaguered restaurant industry still has takeout and airlines continue to operate with masked flyers, the vast majority of U.S. movie theaters havent punched a single ticket since March. The largest studios the Walt Disney Co., Warner Bros., Universal now all have streaming services of their own now, along with television operations. Theaters in China, the worlds second largest movie market, this week reopened with theaters limited to 30% capacity. If they dont do something, if they just keeping holding the films back, the theaters are going to die.