Chris Pratt and Charlie Day have been announced as the voices of Mario and Luigi in Universal and Illumination’s highly anticipated film, “The Super Mario Bros. Movie.” While this movie has been a massive success, it raises the question of why there is a shortage of mega blockbusters in 2023. “The Super Mario Bros. Movie” …
Disney is exploring the possibility of selling a portion of its ownership in ESPN and seeking a strategic partner for the sports network’s transition into the streaming market, CEO Bob Iger revealed on Thursday. According to Iger, the decline of the linear TV business has exceeded his expectations, prompting Disney to consider external partnerships to …
Members of the Striking Writers Guild of America (WGA) marched in front of Netflix offices while the SAG-AFTRA union announced its agreement to federal mediation requested by the Alliance of Motion Picture and Television Producers. However, it refused to extend the existing labor contract beyond the Wednesday negotiating deadline. This development will impact Hollywood, as …
Disney CEO Bob Iger has expressed openness to selling the company’s linear TV assets as the media industry shifts towards streaming and digital offerings. In an interview with CNBC, Iger acknowledged the challenges faced by the company and highlighted the need to assess the traditional TV business. While Disney owns various TV networks, Iger stated …
LOS ANGELES—The box office performance in the first half of 2023 has shown promising signs of recovery, but the industry still has a long way to go to reach pre-pandemic levels. Despite a nearly 20% increase in ticket sales compared to 2022, the current numbers are still down 21% from 2019, the benchmark year before …
The media industry has experienced its fair share of highs and lows, and currently, it finds itself in a low point. Media executives had high hopes for a rebound in 2023 after a disappointing 2022, but their expectations have gone unmet. Streaming slowdowns led to a decline in valuations for major players like Netflix, Disney, …
Disney and Pixar are preparing to release their latest animated feature, “Elemental,” in theaters this Friday. This film tells a romantic immigrant story through anthropomorphic elements of nature. The release of “Elemental” comes at a critical time for Disney, as they face pressure to prove their continued success in animation. In recent years, Disney has …