30 Sep-4 Oct: Your guide to what’s happened this week in the media, entertainment and technology industry.
Netflix profit up 37%
Netflix has reported its UK profit has increased by 37% in the last 12 months, Deadline has reported.
Profits hit €2.34 million, compared to €1.5 million in 2017. The streaming giant has also seen a 44% increase in revenue, totalling €48 million in 2018, compared to €26.9 million the previous year.
Meanwhile, the company has warned that its figures could be impacted by the launch of Britbox in the UK later this year.
Content fragmentation ‘contributes to piracy’
A study of British consumers has revealed that the growing number of streaming platforms and the fragmentation of content could lead to an increase in content piracy, Digital TV Europe has reported.
Whilst Netflix and Amazon Prime Video remain popular amongst households for their vast amount of content, 30% of survey respondents claim there is content they want to watch on services they don’t have.
This relays the fact that 37% of respondents say they would consider streaming content via illegal sources rather than pay for another streaming service.
Cost, the difficulty of finding content on platforms, and the frustration of using different interfaces were all cited as the top negative aspects of content fragmentation across multiple platforms.
- Read more: Overcrowding in the OTT landscape
Amazon Prime Video expands into Poland
Amazon Prime Video has arrived in Poland with the help of mobile operator T-Mobile Poland, Telecompaper has reported.
The streaming service will be made available on the operator’s set-top boxes for subscribers of the Magenta 1 mobile service.
T-Mobile Poland also plans to launch several service packages including Amazon Prime Video and other telecommunications and entertaining products.
CBS expands virtual production
CBS has unveiled a newly named CBS VFX unit in a move to expand its endeavours in virtual production, according to Shoot.
Formerly known as CBS Digital, the transformed unit will continue the company’s 25 years of experience producing visual effects and developing production technology solutions.
CBS’s work in VFX can be seen in hit shows Orange is the New Black and This is Us.
Amazon and Disney dispute over ads
Content giants Amazon and Disney are in disagreement over advertising space on Amazon’s Fire TV, according to The Wall Street Journal.
Amazon wants the right to sell a “substantial percentage of the ad space on Disney apps”, however, Disney is resisting.
If there is no agreement between the companies, Disney could potentially see a number of its apps removed from Fire TV.
There is not yet a reported deadline on when the deal must close, despite Disney+ due to launch next month on 12 November in a number of countries.