Streaming Takes Over
Okay, so cable is dead. Now what?
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It's Tuesday, June 17th. Here's what's happening.
🍿 The Big Picture
According to a recent New York Times article, streaming has officially surpassed cable and broadcast television in terms of viewership. Of course, this has been rising for quite a long time, so the official numbers should surprise no one.
Older viewers have surprisingly taken to FAST channels such as Tubi, Roku and Pluto. Meanwhile, the younger generation is on YouTube, Disney Plus and Netflix. There is pretty much a FAST channel or streaming service for any taste out there, (Crunchyroll for anime and Shudder for horror are just a couple that come to mind), and at every price point.
So what's the main takeaway? There's no turning back. Warner Bros. Discovery and Comcast are wise to spin off these legacy businesses and focus on the future: streaming and theatrical. Blockbuster was slow to respond to Netflix, and remember how that turned out? Focusing on streaming is the key, and how they execute the pivot will be fun to watch.
🎥 Extra Coverage
Charliebird has won the top U.S. narrative prize at the 2025 Tribeca Festival. It is a debut feature film from director Libby Ewing (Tribeca Festival)
The Warner Bros. Discovery compensation committee is going to restructure CEO David Zaslav's pay. The idea is to make his total payout more incentivized - meaning tied to the company's stock performance, as opposed to cutting costs. (Hollywood Reporter)
📈 Movie Stock Index
Market Close: Tuesday, June 17th, 2025
Total Value: $107,092.04
Today's Change: -$1,398.20 (-1.29%)
Total Gain/Loss (Since 05/12/25): $7,092.02 (7.09%)
Down day for movie stocks. Global tensions continue to be a concern, as well as retail numbers, causing a general pullback across the board. Cineverse and Cinemark were the sole gainers in our Movie Stock Index today.
Disclaimer: The MovieNewsPro Stock Index is a virtual index - there are no actual funds invested. Sector index total value dollar amounts are based on an initial hypothetical investment of $100,000 on May 12th, 2025. We are not licensed investment advisors and our information should not be used as investment advice. Invest wisely.
🏆 Film Festivals
Bentonville Film Festival, US - June 16-22
CineEurope, Spain - June 16-19
Doc Edge Film Festival, New Zealand - June 18-July 31
Frameline San Francisco International LGBTQ+ Film Festival, US - June 18-28
Oakville Film Festival, Canada - June 18-25
Raindance Film Festival, UK - June 18-27
Sheffield DocFest, UK - June 18-23
Nepal America International Film Festival, US - June 19-22
Brussels International Film Festival, Belgium - June 20-28
Kimolos International Film Festival, Greece - June 21-25
Mediterrane Film Festival, Malta - June 21-29
London Screenings, UK - June 23-25
Sunny Side Of The Doc, France - June 23-26
Biarritz Film Festival Nouvelles Vagues, France - June 24-29
Docs Ireland, Ireland - June 24-29
Palm Springs ShortFest, US - June 24-30
Nantucket Film Festival, US - June 25-30
Oak Cliff Film Festival, US - June 26-29
FilmFest Munich, Germany - June 27-July 6
📺 Watch This Tonight
Repo Man (1984)
Directed by Alex Cox
It's a punk rock take on Kiss Me Deadly, with incredible dialogue and a killer soundtrack. What more can you ask for?
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Disclaimer/Transparency
MovieNewsPro is a film industry news monitoring service. All stories have been previously reported elsewhere and are not exclusive stories to MNP. All information is believed to be accurate at the time of reporting. MovieNewsPro uses a full array of technology to gather information, including machine learning, automation and artificial intelligence throughout its business monitoring, editing and reporting process.
