Netflix upped content spending by $300 million in the first quarter — the majority on original fare. It’s a fiscal trend the subscription streaming pioneer plans to double down on over the next three years as it targets a portfolio brimming with 50% original content.
Sales of new physical video games dropped 6% in March to $963.7 million, from $1 billion a year ago, according to new data from The NPD Group. Software sales (excluding new releases) declined 6% to $405 million, from $431.7 million.
BET founder and RLJ namesake Robert L. Johnson has purchased 15,000 shares of RLJ Entertainment for $15 million — funds the Silver Springs, Md.-based home entertainment distributor said it would use to reduce debt and for working capital purposes.
If there’s one point the cast and filmmakers responsible for Batman Unlimited: Animal Instincts want to get across, it’s that the new animated movie is family friendly — a counterpoint to recent portrayals of the character as a dark and brooding vigilante.