Industry
Major Milestone Forecasted for 2024: Media and Entertainment To Hit a Trillion
The entertainment industry is set to exceed a $1 trillion valuation in 2024, driven by online video, cinema, music, and games. Advertising, fueled by Free Ad-Supported Streaming TV (FAST), continues to play a pivotal role. The gaming sector is thriving, propelled by successful film adaptations of gaming titles.
Streaming
New Wrestling Spot: Netflix Has Exclusive Rights to WWE Content
Netflix has inked a decade-long agreement to broadcast WWE Monday Night Raw from January 2025. This signals a major leap into live events for the streaming giant. The deal positions Netflix as the global hub for all WWE content, spanning live shows, premium events like WrestleMania, documentaries, and original series.
Awards
Preparing for the Next Awards: Emmys Adjusts After 75th Edition
The Television Academy has announced changes for the next Emmy ceremony, such as combining Short Form Animated Program with Animated Program, updating costume design and makeup categories, and introducing Outstanding Performer in Short Form Comedy or Drama Series. Guest Performer categories now require a minimum 5% stand-alone and contiguous-screen time.
International
TV Down South: Content Americas To Highlight Latin American TV Market
Content Americas' second edition in Miami is poised to start with almost 25% more attendees than last year, boasting around 2,000 delegates, 150 exhibition companies, and 950 buyers. The growth is fueled by positive feedback from the inaugural 2023 event. However, it unfolds against a backdrop of challenges in the Latin American TV market, marked by recent declines in scripted series orders and a global pullback in content investment.
Technology
Focus on Strategic Goals: M&E Executives on Future of the Industry
A survey by EY, the accounting and consulting firm, unveiled that most media and entertainment executives prioritize business opportunities in generative AI and deals. Surveying 150 U.S. M&E sector board members and C-suite executives, the findings show that 83% believe executing M&A opportunities, including harnessing AI, is crucial for achieving strategic goals.
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