SNAPCHAT user growth rate declining, still losing hundreds of millionsBill Murray at center of Aziz movie behavior complaint / CNN+ RIP / Idris doing APPLE TV seriesMornin! This is Sean McNulty and here’s the Hollywood + Media news to know on FRIDAY April 22, 2022. Where in honor of “The Dropout” finishing up… let’s have our Friday morning coffee poolside at the former home of Elizabeth Holmes and Sunni Balwani in the NoCal town of Atherton. And for a cool $15.8 Million, it could have been yours. Sadly it sold to Plus hey - pre-wired for DIRECTV! AND: The VMA’s are going back to glamorous downtown Newark, will hit the Prudential Center on Sun Aug 28. PLUS: He’s still got it! Mike Tyson apparently A) flies JET BLUE and B) punched out a drunk passenger who wouldn’t leave him alone as his plane was waiting to take off yesterday according to TMZ. I’m not a fan of any plane rage but… #ImWithMike here. 📽 THE SILVER SCREENJUST 2 THINGS
📺 THE TV SETAPPLE TV+ sets Idris Elba to lead thriller series “Hostage”Dris will play a business negotiator who has to put his skills to use on a hijacked plane flying to London. The announcement says this is a series and not a limited series but… curious how this goes with that logline. Series is written by“Lupin” writer George Kay. /Deadline AMC orders Bob Odenkirk series “Straight Man”Bob’s playing an English department chairman at badly underfunded rural Pennsylvania college going through a midlife crisis. Well Bob’s character is, not sure about the school itself. Based on a Richard Russo book, Peter Farrelly directing, Aaron Zelman (”Damages”) and Paul Lieberstein (“Toby” from”The Office”) are showrunning. /THR ALSO IN TV
If you find THE WAKEUP of use…Share it with a friend or your work team?💻 THE MEDIA BIZCNN+ : March 29, 2022 - April 30, 2022As you probably heard, CNN+ is done. Some shows (likely the docuseries that are already produced) will move to HBOMAX eventually, others (like the daily TV shows and talk shows) will just fold. Employees will be paid + benefits for 90 days, and then get a minimum of 6 months severance in a pretty generous deal as far as these things go. Certainly sad to see… but I don’t think anyone is entirely surprised. This was a Jeff Zucker project with Kilar’s support, who launched it right before he left knowing Zazlav wasn’t a fan of the strategy, having already seen poor results from launching niche streaming services at DISCOVERY (FOOD NETWORK’s Kitchen among the highest profile). And Zazlav is right that a product called CNN+ where you can’t watch a live feed of CNN just doesn’t make a lot of sense. Something ESPN+ already proved … after launching with the ‘docuseries only’ strategy initially too, but only finding growth once finally bundled with HULU, and finally adding some exclusive live sports (ie what the ESPN brand does). 🏟 But basically CNN+ will now be known as the streaming service with a shorter career than Bud Fox at BLUE STAR. More to come on what happens to CNN+ talent (#ChrisWallace), and one has to think it’ll eventually just land as a tab on HBOMAX, included with your subscription. /THR SNAP adds 13 Million Daily users, loses $360 Million so far in 2022But total Revenue hit $1.06 Billion, up about 38% from this time last year. Approximate breakdown:
DAILY ACTIVE USER wise:
So SNAP’s biggest User growth continues to be… in the region where it makes the least amount of money. by far. Followed by its 2nd smallest money generating region. YoY REVENUE and USER growth percentages are both slowing down vs all Quarters in the last 15 months. A good business… yes, but one that’s beginning to shift into a mature one vs. a booming one. APPLE’s iOS privacy changes also not helping here either. Sound familiar? SNAP stock was basically even in after hours trading. ALSO IN MEDIA
IN SO MANY WORDS…Tough Thursday:
🏦 STOCK NOTES:FACEBOOK -6% ($188.07) VIMEO -7% ($9.87) WARNER DISCO -7% ($21.45) ROKU -9% ($99.55) SPOTIFY -8% ($112.62) If you don’t already get THE WAKEUP, sign up here:Hits your inbox weekdays by 830a (ish) East Coast time👩💻 THE FSS FEED:(new Stuff to Watch this weekend, Friday - Saturday - Sunday)WEEKEND READS + LISTENSThe NY TIMES caught up with Julia Roberts for an interesting chat about her career role choice strategy… or lack of it really. FRIDAYIN THEATERS:
STREAMING:SERIES
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🎥 TRAILER HOUSEHBOMAX “The Staircase” limited series trailer. This looks really good… great spot! Premieres Thu May 5. HBO “The Time Traveler’s Wife” series trailer. Consider me intrigued again! HBO Marketing 2 for 2 today. Though think I’d rather watch this as a limited series… but I’ll leave that to the professionals. Premieres Sun May 15 DISNEY PIXAR “Lightyear” trailer 2. In theaters June 17 🎧 PLAYING ME OFFNew FLORENCE + THE MACHINE “Free” - We’re now offically 3 weeks out from the full new album drop. If you need some new tunes: Email me anytime - just Reply to this email, or connect here on LINKED IN. -SEAN MCNULTY @theseanmac on TWITTER @TheWakeupNews on INSTAGRAM If you were forwarded this email, or basically just found it… SUBSCRIBE! Hits your inbox Weekdays by 830am. |
SNAPCHAT user growth rate declining, still losing hundreds of millions
April 22, 2022
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