This week, we review what's behind all the industry layoffs as companies reset the cost bar on CAPEX and OPEX expenses. With full-year 2023 financials in the book, some companies didn't hit the revenue, efficiency, and cost savings goals they had expected, prompting layoffs to start the year. We also detail how some vendors are restructuring their debt with Fubo, the most recent example, which will pay a higher interest rate in exchange for pushing debt out by three years and getting to profitability faster.
We detail the 2023 domestic box office revenue numbers, which topped $9.03 billion, an improvement on the $7.4 billion total ticket sales from 2022 and the great year that IMAX had financially. On the sports front, we discuss the NCAA's nearly billion-dollar handshake with ESPN and Warner Bros. Discovery's plans to continue to give away its B/R Sports Add-On for several more months before they start charging consumers.
Finally, we mention some executive changes at VideoAmp, Prime Video, Brightcove and Edgio.
Podcast produced by Security Halt Media