But media analyst at Enders Analysis Jamie MacEwan said Everyman’s success is more than just high-value films being released.
"Everyman was well-placed to capitalise on the consumer desire for louder and bigger experiences post-pandemic." he said.
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Head of research at Enders Analysis Alice Enders described Spotify’s job cuts as ‘inevitable’ for a company that relies so heavily on advertising.
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Cross-party support for an 11th hour amendment to the Online Safety Bill’s Commons report stage has forced the Government to agree that a new criminal liability for tech executives will be added in the Bill’s passage through the Lords.
The proposed amendment cites faulty precedents, including in financial services, and a new, not yet established Irish online safety regime that is lengthy in procedural steps before criminal sanction.
The introduction of criminal liability will not strengthen the safety objectives of the bill. It is at odds with the approach of the wider regulation, and is practically unworkable.
‘In terms of the number of programmes it produces, the number of subscribers it has, the number of awards it gets, Netflix is very much the first cab on the rank,’ Harrington says. Bajaria’s role is to keep it there.
As Reed Hastings stepped aside as co-CEO, Netflix beat its (last ever) subscriber add forecast—7.7 million v. 4.5 million—leading to a revenue boost, alongside a gradually-widening profit margin. Forecasts for 2023 are positive, with the company seemingly past much of the tumultuousness of 2022.
With no metrics volunteered by management, we can assume that take-up of Netflix's nascent ad-supported plan has been predictably modest. To scale, the company must overcome several structural inhibitors.
With Netflix foreseeing future strain on subscriber additions, in time revenue growth will have to increasingly be inspired by paid-sharing initiatives and advertising—this will be detrimental to local content spend in minor markets.
“Publishers must be prepared to lose editorial control on TikTok, even more than on other platforms,” commented Jamie MacEwan, senior media analyst at Enders. “You can’t guarantee your video will be widely shared on the day it’s uploaded.”
Karen Egan from research group Enders Analysis said e&’s public support for Read’s approach before his departure ‘probably prompted Cevian to pull out’.
But she added that while the activist investors ‘may have given up hope’, other investors would be ‘campaigning hard for a fresh approach’ to recoup the losses in the share price.
‘The board will be under considerable pressure from all shareholders , many of whom will have lost a quarter of their money on Vodafone shares in the past year alone, to appoint a new boss with a more radical vision,’ Egan said.
Tom said "Viewing is narrowing around bigger shows and fewer hits."