What financial reports reveal on entertainment
Monday, July 15, 2013
Companies providing entertainment content are beginning to release their earnings reports for the latest quarter. Here’s a look at reports and related developments for selected companies.
— June 28: News Corp. completes split into two companies. The movie and TV division is renamed 21st Century Fox Inc., while the publishing business retains the News Corp. name.
— July 12: The parent companies of ABC, NBC and Fox say they will stay owners of Hulu, while providing a cash infusion of about $750 million to ensure future growth. The owners had accepted formal bids for the online video service. The announcement suggests the bids were too low. 21st Century Fox President Chase Carey says this is the “best path forward” for Hulu.
— July 22: Netflix Inc.
— July 31: CBS Corp., Comcast Corp. (owner of NBC, Universal movie studio), DreamWorks Animation SKG Inc.
— Aug. 2: Viacom Inc.
— Aug. 6: The Walt Disney Co. (owner of ABC), 21st Century Fox
— Aug. 7: Time Warner Inc.
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