Disney’s second quarter financials came up lower than forecast with the limitations on theme park revenue and fewer streaming subscriptions than predicted dragging numbers down.
Disney+ came up short of the forecast 109 million subscriptions for the quarter by almost six million. ESPN+ and Hulu both grew to the point that the company can brag on nearly 160 million subscribers for its products.
Revenue at Disney’s experiences segment fell by 44% for the quarter because of reduced capacities and closures for coronavirus. The company still made $3.2 billion from it’s parks, while cruise ships and guided tours remained shut down.
Disneyland and Disneyworld are both expected to see increased attendance in the next quarter as restrictions because of coronavirus are lessened.
Only the company’s Paris theme park remains closed.
Rachel Maddow Releasing New Podcast Series
Rachel Maddow Presents: Ultra is the all-but-forgotten true story of good, old-fashioned American extremism getting supercharged by proximity to power.”
A new podcast is coming soon from MSNBC’s Rachel Maddow.
Deadline reports Rachel Maddow Presents: Ultra will premiere two episodes on October 10th, with new episodes being released every Monday. In a teaser of the podcast, Maddow explains the series is “an American story.”
MSNBC described the series as a podcast featured on “sitting members of Congress aiding and abetting a plot to overthrow the government. Insurrectionists criminally charged with plotting to end American democracy for good. Justice Department prosecutors under crushing political pressure. Rachel Maddow Presents: Ultra is the all-but-forgotten true story of good, old-fashioned American extremism getting supercharged by proximity to power. When extremist elected officials get caught plotting against America with the violent ultra right, this is the story of the lengths they will go to… to cover their tracks.”
Under a new contract with NBCUniversal that saw Maddow scale back her nightly MSNBC program to Mondays only, she’s developing new projects like podcasts and documentaries. Alex Wagner now hosts the 9:00 PM ET primetime hour on MSNBC Tuesday to Friday.
Joe Salzone is a news media writer for Barrett News Media. He’s a native of Long Island and has been involved in the radio industry since he was 16 years old. Currently, he serves as the News Director for the Cayuga Radio Group and hosts Ithaca’s Morning News on WHCU. His radio career has included stops at SiriusXM, Galaxy Communications, WGBB, WNYG, and the Finger Lakes Radio Group. He can be found on Twitter @JoeSalzone.
Keith Olbermann: American Journalism ‘Re-Invented’ During Trump Presidency
“The overwriting principle used to be: get a scoop, get in the paper or on the air as soon as possible because that’s your job, and that’s your only actual value to society as well.”
During his Countdown with Keith Olbermann podcast Friday, the former cable news host slammed a recent opinion from Politico’s John Harris that Americans need more journalists like Maggie Haberman, among others.
Olbermann has been critical of Haberman’s decision to withhold important facts in relation to the former President Donald Trump and save them for her upcoming book rather than report them in The New York Times.
“What Harris does not understand is American ‘journalism’ did re-invent itself,” Olbermann said. “The overwriting principle used to be: get a scoop, get in the paper or on the air as soon as possible because that’s your job, and that’s your only actual value to society as well. It is also — and I speak as somebody who broke a lot of sports news including the Wayne Gretzky trade and Michael Jordan’s first dalliance with a comeback — it is the joy of doing the journalism. You have the story, and nobody else does!”
He continued by saying Harris and Haberman believe the point of American journalism is not to inform the public but rather how much money you can make in the process.
Haberman’s book “Confidence Man: The Making of Donald Trump and the Breaking of America” is expected to hit bookshelves on Tuesday, October 4th.
Andrew Cuomo Launches Action Committee, Podcast
Cuomo is joining his brother Chris in the news media world as the politician launches a political action committee and a podcast.
Former New York Gov. Andrew Cuomo is joining his brother Chris in the news media world as the politician is launching a political action committee and a podcast.
“I am starting a political action committee to elect the right people to office,” Cuomo said (h/t CNN). “We do not need more panderers. We need producers. We need people committed to fight for change and who get results.”
The video also featured familiar criticism of social media, which he has often blamed for fueling the backlash the led to his resignation, which effectively halted state lawmakers’ plans to impeach and remove him from office.
“It’s a Twitter mob, but the mob has power and many politicians and press are afraid to challenge it lest the mob turn on them,” Cuomo added.
Cuomo’s podcast intends to dive into what he believes is the truth and how the platform will differ from what is already out there.
“This forum will be different. My intention is to speak the full truth, unvarnished, from the inside out, frank and candid,” Cuomo said.
“As a person who’s been in the room many times for many years and knows these people and knows their games, and as a person who actually did the job.”
Eduardo Razo is the Assistant Content Editor for BNM, which includes writing daily news stories on the news media industry. He can be found on Twitter @eddierazo_ or you can reach him by email at firstname.lastname@example.org.