Posts

Showing posts from February, 2024

Roku Rises to 80 Million Active Accounts

Image
  Roku Rises to 80 Million Active Accounts It has been a while since we have heard from Roku, the nascent streaming service best known for its digitally-enabled set-top boxes and other smart products as well as its AVOD services. In its Q4 earnings report last week, it has just managed to pip Wall Street expectations, with a noted gain in active accounts on the service, too. Blake & Wang P.A. entertainment lawyer , Brandon Blake, has the details.                                                    Brandon Blake Beating Wall Street Expectations- Just Roku beat Wall Street predictions to close the year at $984.4M, just ahead of the expected $964.2M results. While there was still a loss of $0.55c a share, this is a notable narrowing from the $1.70 loss in the same period of the previous year. Despite these gains, Wall Street did have some trepidations over the ‘uneven’ recovery in its advertising market, ultimately leaving the share price down by 14% for after-hours trading. 10

Dune 2 May Perk Up the Box Office

Image
In the wake of some smart publicity, Dune: Part Two may be exactly what a struggling early 2024 box office needs to perk everyone’s spirits up. Projections for this release (in what has otherwise been a rather barren space) have heated up considerably as it hits its three-week tracking. Our local entertainment attorney insider, Brandon Blake at Blake & Wang P.A. shares the juicy details. Brandon Blake $65M Opening, Minimum Even the most conservative opening estimates for this long-awaited (and several times delayed) release are currently tracking at $65M. This would put the film at least 60% ahead of its part one opening in 2021, which was $41M. Dune: Part 1 did see a considerable siphoning of its theatrical returns due to a day-and-date release on then-HBO Max, now rebranded to Max. Despite this, it was the second-highest day-and-date release for Warner Media (again now rebranded to Warner Bros. Discovery). Total earnings were $402M, with a record income of $108.3M domesticall

Strikes Haven’t Impacted Amazon Content Spend

Image
  Strikes Haven’t Impacted Amazon Content Spend After 2023’s extended labor shutdown and its rippling impacts, you would imagine we’d see lower content spend from the streaming platforms and studios under the AMPTP banner. For at least one, however, the reality seems a little different. Brandon Blake, entertainment lawyer Los Angeles with Blake & Wang P.A., shares some surprising news about Amazon’s bottom line with us.                                                                                Brandon Blake $18.9B Content Spend Across all of its arms, MGM, Freevee, and live sports included, Amazon spent almost $19B on content in 2023. That’s slightly ahead of its $16.6B 2022 spending. Regarding the 2022 figures, we know that just about $7B of that was split between their live sports streaming, licensing deals, and Amazon Originals content. We have yet to get the corresponding 2023 data for that.   However, 2023 saw Amazon investing heavily in the live sports mark

Commercial Cleaning

  Commercial cleaning  Imagine a retail store with dusty shelves, a restaurant with greasy floors, or an office with overflowing trash cans. Not only are the customers and clients irritated from this environment, but also dangerous for employees' health. They include regular dusting and vacuuming to deep cleaning of restrooms and kitchens. Cleanliness is not only a matter of appearance. It is observed that a clean and neat workspace can lead to increased employee productivity and well-being. Additionally, clean commercial spaces show a positive brand image and more reliance among customers and clients. One of the extremely important properties of these services is their approach to each business's unique needs.  be it an expansive office floor, a retail establishment, or a healthcare facility, the meticulous planning and execution by cleaning professionals ensure an environment that not only meets but exceeds hygiene standards. . The focus on indoor air quality, allergen remov

The Strikes and the Streaming Industry: Did They Actually Help?

Image
  It’s rare to see the argument for strike action improving anyone’s bottom line. While the combined SAG-AFTRA and WGA strike action last year may have had bad knock-on effects for release slates and consumers, it seems it may have had one positive for the industry as a whole- and that is for streaming. Entertainment lawyer Los Angeles Brandon Blake, from Blake & Wang P.A., has more on this unexpected little gain.  Brandon Blake Streaming Saturation Still Lives After the pandemic caused the first major streaming boom we’ve seen from the relative newcomer on the distribution stage, many analysts were predicting that streaming penetration in the domestic market had reached its peak. It’s hard to imagine this as a world where anyone who wants streaming access doesn’t already have it. However, we saw a 2-3% jump in the number of US households with streaming access, topping out at 85%. When did this happen? Q4 for 2023. Coincidentally the first quarter that was free of labor unrest fo