Business

Addition of 10 New Sound Stages Will Boost Production Capacity by 50% and Grow WBD’s Contribution to United Kingdom’s Film and Television Production Sector Warner Bros. Studios Leavesden to Become the Hub for DC Studios Projects.

Netflix, Inc. (NASDAQ: NFLX) today announced it will post its third quarter 2023 financial results and business outlook on its investor relations website at http://ir.netflix.net on Wednesday, October 18, 2023, at approximately 1:00 p.m. Pacific Time.

The number one global release in Warner Bros. Pictures history from writer/director Greta Gerwig continues to dominate the box office with more than $1.38 billion worldwide.

Lionsgate (NYSE: LGF.A, LGF.B) today reported first quarter (quarter ended June 30, 2023) revenue of $908.6 million, operating loss of $16.8 million and net loss attributable to Lionsgate shareholders of $70.7 million or $0.31 diluted net loss per share on 230.2 million diluted weighted average common shares outstanding. Adjusted net loss attributable to Lionsgate shareholders in the quarter was $9.8 million or $0.04 adjusted diluted net earnings per share on 230.2 million diluted weighted average common shares outstanding, with Adjusted OIBDA of $85.7 million.

VICE Media Group today announced the completion of its sale to a consortium of its former lenders (the "Investor Group"), which consists of funds managed by affiliates of Fortress Investment Group LLC ("Fortress"), Soros Fund Management and Monroe Capital.

Warner Bros. Discovery (Nasdaq: WBD), in partnership with emerging venture fund and holding company Acme Innovation, today announced the launch of “Collider On The Lot,” a two-month, in-person and virtual accelerator program for media, entertainment, and emerging technology companies.

IMAX Corporation (NYSE: IMAX) and Cineplex Inc. (TSX: CGX.TO) today announced an expansion of their longstanding partnership with new state-of-the-art IMAX systems in key locations across Canada. The deal adds an additional five new IMAX systems across the country, as well as two upgrades to IMAX with Laser. Further to new theatre signings, Cineplex has also reaffirmed its strong commitment to IMAX with the renewal of agreement terms for 24 existing IMAX locations through 2028.

Lionsgate (NYSE: LGF.A, LGF.B) today announced it will release its financial results for the fiscal 2024 first quarter ended June 30, 2023 after market close on Wednesday, August 9.

If you own a property, renting it out to filmmakers and creators can be a smart financial move. The independent film and creative industries are constantly in need of locations for shoots, and if you have a space that fits the bill, you could be making a steady stream of income.

In today's world of mass media, big-budget Hollywood blockbusters tend to dominate the film industry. However, independent filmmakers produce thought-provoking, unique content that is often overlooked by mainstream audiences. This is where a platform like iBossTV comes in.