Universal Pictures July 23 reported second-quarter (ended June 30) operating cash flow of $422 million, which was up $227 million (117%) from the prior-year period. Revenue topped $2.2 billion, up nearly 93% ($1 billion) from a year ago.
Sony Pictures Home Entertainment July 23 announced a multiyear distribution agreement with Transmission Films, beginning Oct. 1 in New Zealand and Australia — the latter via joint venture Universal Sony Pictures Home Entertainment Australia Ltd. Sony will distribute titles on both physical and digital formats.
Amazon continues to be a force as a retailer of movies and TV shows. The e-commerce giant generated $2.62 billion in North America second-quarter (ended June 30) media sales, up 6% from the prior-year period of $2.46 billion.
Comcast Cable July 23 said it lost 69,000 video subs in the second-quarter (ended June 30) to finish with a base of 22.4 million subs. That compared with a loss of 144,000 video subs during the previous-year period.
The European Union July 23 filed antitrust charges against six major Hollywood studios and British satellite TV operator Sky UK, alleging the companies entered in unlawful pay-TV and digital agreements that hurt competition and hindered consumer access.