universal pictures

universal pictures

Craig Kornblau, now entertainment and media advisor for Alphabet's venture arm, GV (formerly Google Ventures), is familiar with disruption.

As president of home entertainment at Universal Pictures managing revenue over $2 billion, he saw his booming DVD business blow up during the 2008 financial crisis as consumers tightened their spending, having decided that what they wanted from their films was not ownership but access. But that experience showed Kornblau, who began his career at Disney, that adversity also creates opportunity. Out of that sea change emerged the rise of Redbox and Netflix rentals, which, he says, kicked off the modern era of entertainment.

Read more Show less

Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

  • Newsom eyeing how to reopen businesses -- at least in parts of the state
  • No concerts? No problem. Wave to host virtual performance series with avatars
  • Trolls scores $100 million in revenue from streaming, bypassing shuttered theaters; AMC lashes out
Read more Show less

Bring on the bird puns! On Wednesday, Comcast subsidiary NBCUniversal's streaming service, Peacock, takes flight. Initially available to a subset of Comcast cable and broadband subscribers, Peacock will reportedly spread its wings across Comcast's footprint by the end of April before expanding on July 15 to other cable company customers and web and streaming platforms.

The new service will hatch with up to 15,000 hours' worth of content. Peacock's library will include a flock of NBC favorites like Parks & Recreation, 30 Rock and Law & Order: SVU; movies from Universal Pictures and Dreamworks Animation such as Jurassic Park, E.T. and Shrek; and news segments, talk shows, original series and content from Telemundo. Peacock will also offer a selection of live sports (once those migrate back), and in 2021 will have exclusive rights to The Office.

Read more Show less
Trending