ROKU growth rate drops by about 60% as pandemic boost fadesAMAZON has first quarterly loss in 7 years / HUNGER GAMES sets prequel pic / HULU gets SCHITT'S CREEK
Mornin! This is Sean McNulty and here’s the Hollywood + Media news to know on FRIDAY April 29, 2022. Where in honor of finishing out the busiest week of Q2 Earnings season 🥵, our Friday Morning coffee is gratis at Michael Eisner’s Malibu “compound” - I hear
AND: This new $230 small drone “selfie”camera from SNAP 📷 will be super helpful for…taking pictures of your neighbors in their compound’s private backyards, and then posting them on social media. Can’t wait to fly mine over the $100 Million estate SNAP CEO Evan Spigel is building in Holmby Hills to post some pics as a thank you.
AND: Just to share a little newsletter love - not sure if any folks live in the Kids programming space… but if so just a Kids / Family streaming biz analysis newsletter from another industry exec here to check out that you may find of interest. 📽 THE SILVER SCREEN
Hunger Games prequel will be called “Hunger Games Ballad of Songbirds and Snakes”Will hit theaters Nov 17, 2023, and be directed by Francis Lawrence who did the last 2 pics. No cast as of yet. /THR ALSO IN MOVIES
📝 IN SO MANY WORDS…
📺 THE TV SET
HULU getting “Schitt’s Creek” exclusively in streaming starting October 3Currently streaming on NETFLIX, no word on an acquisition price or deal duration. /Deadline ALSO IN TV
If you find THE WAKEUP useful…Share it with a friend or your work team?💻 THE MEDIA BIZ
ROKU adds 1.1 Million customers from Jan thru March, now at 61.3 Million totalWhile that number’s small, ROKU’s had quarters with similar growth #s before… but more important here is the year-over-year growth rate, which was 14%. It was 35% in Q1 2021. The company also lost $26 Million, vs a $76 Million profit in Q1 2021. Supply chain (mostly re: new TV’s) again was cited as a large cause here. But like many others in the streaming business, ROKU says they’ll be good on the year in terms of previous net Revenue guidance… even if the Q2 in front of us will likely be a break even situation. Hopefully. /Variety ROKU stock was +8% yesterday on the COMCAST-CHARTER team up (further validating what ROKU does), and was +2% on this news last night (Wall Street was basically… eh). AMAZON’s big Q1 miss, stock down 9% last nightAnd when you trade at over $2800 a share… that’s a huge drop. Blame their first quarterly loss in 7 years, at $3.8 Billion. That’s on $116 Billion in revenue, +7% vs Q1 2021, but that’s their lowest growth rate since… well, basically AMAZON was the AMAZON we know and not a book company (early 2000s) And… cue the Q2 clouds. They’re only projecting 3-7% growth, which is below expectations. And don’t even get them started on that new Staten Island union. And then they totally told us how many AMAZON PRIME VIDEO members they added in Q1. Oh wait that was a 🖕 instead. /Variety APPLE… took a different tactic, beating Q1 Revenue expectations by $4 Billion at $97 Billion totalThey did release some streaming customer stats that… really gave 0 insight into anything. Thanks Tim. But APPLE did make $25 Billion in profit in 3 months so… yeah they can afford all those Tom Hanks APPLE TV+ projects. For perspective, that’s just slightly under what NETFLIX will make in Revenue alone all year. iPhones make up half of their total Revenue, and the Americas represent about 45% of their business. CHINA is about 20%. Speaking of which - while supply chain issues seem to have somehow evaded APPLE thus far (the big $$ they’ve invested in CHINA’s So the APPL stock took a slight 2% loss in after hours trading. That takeaway from Q1 Earnings Week again: Man Q2 is gonna be dark… ALSO IN MEDIA
If you don’t already get THE WAKEUP, sign up here:Hits your inbox weekdays by 830a (ish) East Coast time🏦 STOCK NOTES:FACEBOOK +17% (basically maintained the boost they got Wed eve) NETFLIX +6% ($199.52) SIRIUS +6% ($6.31) SPOTIFY +6% ($102.68) (Notice a pattern here?) #buyinglow?) SNAP +6% ($28.81) COMCAST -6% ($41.70) #peacock #broadbandsubs 👩💻 THE FSS FEED:(new Stuff to Watch this weekend, Friday - Saturday - Sunday)WEEKEND READSProducer Jason Blum lays out advice for NETFLIX in a NY TIMES Opinion piece. #Funfact - Jason FED EX’s profit participation checks to actors in his movies himself! Along with a video clip of it apparently. FRIDAYIN THEATERS:
STREAMING:MOVIES
SERIES
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SUNDAY
🎥 TRAILER HOUSENETFLIX “The Pentaverate” series trailer. Premieres on Thursday  UNIVERSAL “Jurassic World Dominion” trailer #2 - In theaters June 10  STARZ “Becoming Elizabeth” trailer - the queen one, not Taylor. And yes I missed this one last week… so catching up now. Premieres Sun June 12  PARAMOUNT+ “Black Gold” docuseries trailer - 3 parts, exec produced by Darren Aronofsky about how EXXON MOBIL knew that yeah… we have a climate change problem, and the extensive steps they took over the past few decades to keep that on the DL. Premieres May 17.  🎧 PLAYING ME OFFTHE KNOCKS - new album out today, stream here on SPOTIFY. Here’s a track called “xxx” that I was digging while dialing in the newsletter this morning. If you need some new tunes: Email me anytime - just Reply to this email, or connect here on LINKED IN. -SEAN MCNULTY @theseanmac on TWITTER @TheWakeupNews on INSTAGRAM
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ROKU growth rate drops by about 60% as pandemic boost fades
अप्रैल 29, 2022
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