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Warner Bros. Discovery Beats Investor Suit Over Inflated Subscriber Figures
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Business
Meta Warns That Mark Zuckerberg’s Love of MMA Could Hit Its Bottom Line
"Mr. Zuckerberg and certain other members of management participate in various high-risk activities, such as combat sports, extreme sports, and recreational aviation, which carry the risk of serious injury and death," the company wrote in its annual report.
By Alex Weprin -
Business
Apple CEO Tim Cook and NBA Commissioner Adam Silver Talk Vision Pro: “This Changes Everything”
The Hollywood Reporter tagged along on Vision Pro release day as Cook met with Silver and toured the NBA league office.
By Alex Weprin -
Business
Disney Enlists Prof. Ludwig Von Drake to Help Fend Off Activist Investors
The Mouse House is fending off a proxy fight from Nelson Peltz and his Trian Partners, as well as Blackwells Capital — and using the animated character to tell shareholders how to vote.
Latest Business
‘Chucky,’ ‘The Act’ Producer Eat the Cat Taps Gemma Levinson to Head Development (Exclusive)
Nick Antosca’s production company Eat the Cat is bolstering its executive ranks. Gemma Levinson has joined the company as vp development. She’ll take charge of day-to-day development for the company, headed by Antosca and Alex Hedlund, and also help grow Eat the Cat’s roster of TV and film projects. “Gemma’s fantastic taste and her commitment […]
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Ben Affleck’s Dunkin’ Ad Riffs Off Sad Grammys Meme
Ben Affleck’s brand ambassadorship for Dunkin’ leveled up during Sunday’s 2024 Grammys with the debut of the star’s latest spot for the coffee and donut shop chain launching an apparent campaign in which the actor follows in his wife’s footsteps to become a pop star. The ad, which also features social media star Charli D’Amelio, comes […]
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Snap to Slash Workforce by 10 Percent Amid Tech Layoff Spree
Another day, another round of tech layoffs. Snapchat owner Snap on Monday said that it would be slashing its global workforce by 10 percent. The company disclosed the news in a securities filing, writing that “in order to best position our business to execute on our highest priorities, and to ensure we have the capacity […]
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Sphere Entertainment Posts Revenue of $314M in First Full Quarter as a Public Company
The Sphere is finally bringing in serious cash. Sphere Entertainment Corp., the parent company of the already-infamous Las Vegas attraction, as well as the MSG Networks RSN business, reported its first full quarterly earnings report Monday, its fiscal 2024 Q2. The company reported earnings of $314.2 million, with Sphere $167.8 million) overtaking MSG Networks ($146.4 […]
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2024 iHeartRadio Podcast Awards: Full List of Nominees Unveiled (Exclusive)
SmartLess, Wiser Than Me with Julia Louis-Dreyfus, On Purpose with Jay Shetty and Normal Gossip are among the titles in contention for the 2024 iHeartRadio Podcast Awards. The category, which will be voted on by fans from Feb. 5 through Feb. 18, also includes popular podcasts Crime Junkie, The Daily, My Favorite Murder, New Heights, […]
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How Amazon, Netflix and Disney+ Stack Up in Japan
The Japanese streaming video space remains competitive, with Amazon Prime Video, Netflix, Disney+ and local competitors reaching more than 100 billion viewing minutes in 2023 in the “premium VOD” space that generated $4.5 billion in subscription revenue. Those are some of the findings of a new study by MediaPartners Asia’s data analytics arm ampd, which […]
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Former MoviePass Executive Convicted of Embezzlement to Pay Off Coachella Party Debt
A former MoviePass executive has been convicted of embezzling at least $260,000 from the subscription movie service to repay money he borrowed to fund a party at Coachella Valley Music and Arts Festival in 2018. Khalid Itum was found guilty on Thursday on two counts of wire fraud, though he was acquitted of money laundering […]
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Spotify Strikes New Deal With Joe Rogan That Will See the Podcast Broadly Distributed
Joe Rogan has struck a new multiyear deal with Spotify, but will no longer see his podcast distributed exclusively by the platform. As part of the deal for The Joe Rogan Experience, which had been the top podcast of the year globally at Spotify for the past four years, the show will soon be distributed […]
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Amazon 2023 Content Spend Rises to $18.9B, Despite Hollywood Strikes
As Amazon leans into content through Prime Video, MGM, Freevee and live sports, the company said that its 2023 content spend totaled $18.9 billion. Amazon spent $16.6 billion on content in 2022, “approximately $7 billion” of which was spent on “Amazon originals, live sports and licensed third- party video content included with Prime.” The company […]
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Charter Loses 257K Video Subs in Q4, “Partly Driven” by Disney Dispute, but Now Tops Comcast
Cable giant Charter Communications, in which John Malone’s Liberty Broadband owns a major stake, on Friday reported its fourth-quarter and full-year 2023 results, including latest subscriber trends. The company, led by CEO Chris Winfrey, revealed that it lost 257,000 pay TV subscribers in its latest quarter, “partly driven by video disconnects related to the temporary loss of Disney programming in […]
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The Messenger Sued by Ex-Workers Over Mass Layoffs Without Notice
Just a day after folding, embattled startup The Messenger has been sued by former employees. The proposed class action, filed in New York federal court Thursday, alleges that the Jimmy Finkelstein-led news outlet failed to give more than 300 employees proper notice of their terminations in violation of the state’s Worker Adjustment and Retraining Notification […]
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Disney’s Activist Investor Showdown Set for April 3 Shareholder Meeting
The Walt Disney Co.’s board battle with Nelson Peltz and his Trian Partners now has an end date: April 3, 2024. That’s the day that Disney has scheduled its annual shareholder meeting, in which Peltz’s Trian and another activist Blackwells Capital have submitted their own names to join Disney’s board. Trian is targeting Disney directors […]
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