Snap is having a very rough go of it. The Snapchat parent reported revenue of $207.9 million, compared to $128.2 million in Q3 of 2016. But analysts had projected that Snap would take in $237 million. All told, the company’s net losses amounted to $443.2 million. Snap also underperformed when it came to user growth. The company added 5 million monthly active users during the quarter – significantly fewer than the 8 million that Wall Street had predicted. CEO Evan Spiegel told investors that the underwhelming revenue numbers were the result of “dramatically reduced pricing” for Snap’s new programmatic ad units. The company’s shares took a beating after the announcement, falling by over 17% in after-hours trading.
TBS picked up a second season of The Last O.G., starring Tracy Morgan and Tiffany Haddish, and a third round of comedy/thriller Search Party. O.G. is 2018’s top cable comedy show, while Search grew double digits in its second season and became the fastest TBS original to reach one million views on VOD in season […]
A reality competition will, “for the first time in the history of American television,” says ABC, allow viewers to watch and vote from both coasts simultaneously. That’ll happen when American Idol is simulcast in all time zones over a three week period starting Sunday, April 29, with real-time results announced at the end of the […]
Family, faith and sports will be the focus of Steph Curry’s new studio at Sony Pictures Entertainment, which yesterday inked a development and production deal with the NBA superstar that will extend to TV, film, gaming, virtual reality and more. Curry’s new production house, Unanimous, was co-founded by Curry, CEO Jeron Smith and chief creative […]
Mondo TV announced a new 3-year deal with Discovery for Robot Trains to air on DKids, a Middle East pay TV channel owned by Discovery. Season 1 will debut in May; season 2 is slated to drop in February 2019.
U.S. Figure Skating and NBC Sports Group locked in a media rights agreement that hands the media group exclusive media rights to premier domestic and international figure skating events through 2026. Each season during the partnership, NBC Sports Group will present an unprecedented 80+ hours of coverage, including 30+ hours of figure skating coverage on […]