Q3 Media Earnings Season Puts Streaming Center Stage

  • 📰 Variety
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Q3 earnings season is in full swing and the media industry is up next to deliver financial results in the coming weeks. VIP media analyst and correspondent heidi_chung lays out three key themes to keep an eye on

Perfection is rarely achieved in movies, but this heaven-sent concert doc hits the sweet spot. Over two days in January 1972, the Queen of Soul, Aretha Franklin — she was 29 at the time — sweeps into the New Temple Missionary Baptist Church in Watts in front of a congregation and testifies to God in song. The blessed thing took nearly half a century to come out because director Sydney Pollack failed to sync the image with the sound.

Look for that to be the balancing act many media companies are going to strike in Q3: distracting investors from the current woes with enticing prospects for the future from their own Netflix wannabes. After getting pummeled in the second quarter, advertising revenue in the media sector is expected to have improved notably in Q3. Spending on ads is directly correlated with the health of the overall economy, and although the macroeconomic backdrop is improving, the U.S. economy is still technically in a recession. So while ad revenue is likely to see improvement versus Q2, it won’t be positive compared with last year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Media Earnings Q3 2020: Investors Search for Signs of Recovery, Strategies on StreamingMedia barons have long acknowledged that the future will be streamed. Over the coming weeks, as the world’s largest media and tech conglomerates report earnings for the July-September quarter…
Source: Variety - 🏆 108. / 63 Read more »

Insurer Travelers posts better-than-expected Q3 earningsInsurer Travelers Cos. Inc. undefined posted stronger-than-expected profit and revenue for the third quarter Tuesday, despite the impact of high catastrophe...
Source: MarketWatch - 🏆 3. / 97 Read more »

Netflix Q3 2020 preview: 3 questions from Wall Street post-pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Netflix Q3 2020 preview: 3 questions from Wall Street post-pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »