Netflix's stumbles cause rivals to rethink streaming business
Netflix's first decline in subscribers in a decade has raised questions about the viability of the streaming business model.
Source: latimes.com
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Why Amazon is buying MGM for nearly $9 billion - Los Angeles Times
Amazon said it will buy MGM, acquiring popular franchises including 'James Bond' and 'The Pink Panther.'
Source: latimes.com
AT&T Hives Off Crunchyroll to Sony
AT&T Hives Off Crunchyroll to Sony PUBLISHED BY AT&T announced Wednesday that it is selling off its anime streaming service Crunchyroll to Sony’s Funimation Global Group for $1.175 billion. There have been a spate of mergers and acquisitions among streaming media companies as they consolidate in a bid to expand their market presence. Over the last five years, the number of services that stream video over the internet has more than doubled to 271, according to research firm Parks Associates. The entry of big-name media companies into streaming means an end of the road for some, and for othe...
Source: industryleadersmagazine.com