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For more than a year, the U.S. has been negotiating with China to let Hollywood film studios expand their business in China. The U.S. made some progress late last year when, The Information has learned, Chinese officials tentatively agreed to an increase in the number of major Hollywood films that could be released annually to 44 from 34. But on other more important requests, like increasing ...
Walmart is considering launching a subscription streaming video service to compete with Netflix and Amazon Prime Video, people familiar with the situation told The Information. Such a move could be enormously costly for the retailer but would demonstrate its determination to compete on multiple fronts with Amazon in particular.
The Bentonville, Ark.-based retailer sees an opportunity to ...
Facebook Watch, the company’s bid to dethrone YouTube, has had a shaky first year.
In the months after Watch’s launch last August, the number of people who visited the social network’s new section every day to watch shows produced by ABC, A&E Networks, Discovery and other smaller media companies disappointed some show creators. Ads that run in the middle of videos have ...
Movie theater stocks like AMC and Cinemark slumped last spring and haven’t recovered, thanks to a historically bad summer movie season, the rise of streaming services and even dying shopping malls, which have reduced foot traffic. Among those hit by the sell-off was Imax, the company responsible for giant screen movies.
But Imax isn’t a theater chain—it is a theater technology ...
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