Double-digit growth in electronic sellthrough and SVOD helped consumer spending on home entertainment rise in the first quarter of 2015 compared with a year ago, according to data released April 29 by DEG: The Digital Entertainment Group.
At the Hulu upfront presentation April 29 in New York, CEO Mike Hopkins, head of sales Peter Naylor and head of content Craig Erwich joined comedian Jerry Seinfeld on stage at the Hammerstein Ballroom announcing the SVOD service has reached 9 million subscribers. It also inked exclusive streaming rights to iconic sitcom “Seinfeld,” co-created by Seinfeld and Larry David. It's the first time “Seinfeld” will be available on SVOD.
Warner Bros. Home Entertainment Group reported first-quarter (ended March 31) revenue from packaged media and digital distribution of movies of $369 million, down 3.5% from revenue of $382 million during the prior-year period.
Standalone subscription streaming service HBO Now has only been functional about three weeks but so far its potential negative impact on the multichannel video program distribution ecosystem is non-existent, HBO CEO Richard Plepler told analysts April 29 on Time Warner’s fiscal call.