Charter exceeded Wall Street estimates in the second quarter, reporting earnings of $5.29 a share and revenue of $12.8 billion. Analysts’ consensus expectation was for earnings of $4.79 and r…
was perhaps a new model given the marked decrease in carriage drama of late. He described it as “a modern agreement” that “recognized that the video business is changing.” Under the terms of the deal, Charter can participate in the direct-to-consumer
ambitions of ViacomCBS, which just launched the rebranded Paramount+ and operates other streaming outlets.Years ago, streaming was viewed purely as a disruptive threat. Today, Charter brings in a lot of revenue from its enabling of streaming and is looking to find more ways to do so. As Rutledge put it, “We’d like to be part of the marketplace.”
Rutledge also said there’s an “opportunity, depending on the model,” for Charter to bring in significant revenue from advertising delivered via streaming. An increasing number of outlets, from newcomers like Peacock and HBO Max to longtime players like Crackle and Hulu, have advertising as a key strategic pillar. Gateways to streaming like Charter can also share in transactional revenue, Rutledge noted, which is a big business for tech giants like Amazon and Apple.
Charter’s advertising revenue surged 65% in the quarter, reaching $411 million, though the company noted the comparison with the Covid-19-affected year-ago period.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Comcast Sees Q2 Profit Rise on Broadband Sales, NBCU ReboundComcast said second-quarter profit rose 25% due to soaring sales of broadband services and a rebound in business at NBCUniversal, where advertising, movie operations and theme parks all improved as…
Consulte Mais informação »
Kelly Clarkson Has to Pay Ex-Hubby $200k/Mo. in Spousal & Child SupportKelly Clarkson is paying way less than what Brandon originally wanted.
Consulte Mais informação »
Grocery items getting smaller? It’s not your eyes, it’s ‘shrinkflation’You're not seeing things — many grocery items in U.S. stores are indeed getting smaller.
Consulte Mais informação »
Scarlett Johansson sues Disney, claims 'Black Widow' streaming cut into box office profitsThe actress, whose pay was tied to theatrical ticket sales, claims she was misled about the Marvel blockbuster's simultaneous release on Disney+.
Consulte Mais informação »
Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumpsSamsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery in the mobile market to 2019 levels, in a sign the global economy is getting back on track from the coronavirus pandemic.
Consulte Mais informação »