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Apple Music, TV Segment Sees Record Revenue, Helped by Price Increases
Apple hit an all-time revenue record in its services sector, which includes Apple TV+, Apple Music, Apple Arcade and more, during its first quarter ended Dec. 30. Net sales in the services quarter hit $23.1 billion, up from $20.8 billion a year earlier. Overall, the company posted quarterly revenue of $119.6 billion, up 2 percent year […]
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Amazon Advertising Revenue Hits $14.6B in Latest Quarter as Tech Giant Leans Into Ad Deals
As Amazon leans further into advertising via its Prime Video service (ads were turned on there earlier this week), the tech giant’s overall ad business hit $14.6 billion in Q4 2023, the company said in its latest earnings report. Amazon overall had net sales of $170 billion, and net income of $10.6 billion, both beating […]
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Jackoway Austen Promotes 5 to Name Partners (Exclusive)
Jackoway Austen, one of the most prominent Hollywood entertainment law firms that represents such bold-faced names as J.J. Abrams and Margot Robbie, has promoted five partners to the door. Effective immediately, Michael Auerbach, Jeff Hynick, Kimberly Jaime, Ryan LeVine and Peter Sample are named partners in the 47-year-old firm. The quintet joining existing partners Jim […]
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Disney Appeals Loss In Lawsuit Against Florida Gov. Ron DeSantis Over Special Tax District
Disney is appealing its loss in a lawsuit against Florida Gov. Ron DeSantis, who allegedly violated the entertainment giant’s First Amendment rights by taking over a special tax district with the authority to control development around its theme park. In a notice filed on Thursday, Disney challenged a ruling dismissing the suit to a federal […]
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YouTube Passes 100M Subscribers for Music and Premium Services
YouTube has quietly become a giant subscription business. The Alphabet-owned video platform said Thursday that it now has more than 100 million subscribers to YouTube Music and YouTube Premium services. The 100 million number includes trial subscribers, and is of Jan. 2024, per a company post. “The music industry is at a critical juncture,” wrote […]
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How the Hollywood Strikes Hit U.K. Film, TV Production Spend in 2023
The film and TV production boom in the U.K. came to a grinding halt in 2023 amid the Hollywood writers and actors strikes. According to the British Film Institute, the total spend on film and high-end TV production last year reached £4.23 billion ($5.37 billion) from 394 productions, down 35 percent from £6.27 billion ($7.72 […]
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Disney Activist Investor Reveals Which Board Members He’s Targeting to Oust
Nelson Peltz’s battle to join the Disney board has crossed another crucial step. Peltz’s Trian Partners on Wednesday released its preliminary proxy statement, in which it said it would ask shareholders to withhold their votes for current Disney board members Michael B.G. Froman and Maria Elena Lagomasino, and instead vote for Peltz and former Disney […]
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Los Angeles Times Owner Patrick Soon-Shiong Held Talks to Buy The Messenger
The Messenger founder Jimmy Finkelstein held a last minute discussion with Los Angeles Times owner Patrick Soon-Shiong about buying The Messenger, three people familiar with the situation have told The Hollywood Reporter. The news comes just days after the L.A. Times laid off 115 newsroom employees. Soon-Shiong spoke with Finkelstein on Tuesday, the sources said. […]
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“De-Extinction” Company Colossal Moving Into Entertainment With Hire of Veteran Exec Emily Castel
When Colossal Biosciences launched in 2021 with a splashy New York Times article stating it aimed to to resurrect the Wooly Mammoth, the company’s goals drew comparisons to entertainment properties like Jurassic Park. Now Colossal, described as the world’s first de-extinction company, is making steps to enter the entertainment space with the hire of veteran […]
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Paramount Hopes the Super Bowl Can Power Up Its Streaming Business
The state of the streaming business can be summed up in the very beginning of the new Super Bowl commercial for Paramount+: “On Paramount Mountain, the stakes get higher.” With the streaming business at a tipping point, as Netflix pulls ahead of the pack and everyone else is scrambling to turn a profit, Paramount Global […]
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The Hollywood Reporter Launches THR Charts
You can find just about everything online these days — and more than a few things you wish you could un-find — but there hasn’t been a place that offers in one easily accessible spot all the most up-to-date data on entertainment viewership across a multitude of platforms. That’s why today The Hollywood Reporter is […]
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Lionel Messi Meets ‘Ted Lasso’s’ Jason Sudeikis In Michelob Ultra Super Bowl Ad
In a Super Bowl spot that brings together the two biggest football stars in Miami history (and the star of the biggest “football” show on streaming), Michelob Ultra is betting that it will stand out in a crowded commercial, er, pitch. The Anheuser-Busch brand has tapped Inter Miami superstar Lionel Messi, Miami Dolphins legend Dan […]
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SiriusXM Loses 94K Satellite Radio and 109K Pandora Subs, Eyes “Further Cost Efficiencies”
Audio entertainment giant SiriusXM, the home of Howard Stern, reported Thursday that it added 131,000 self-pay subscribers in its satellite radio unit in the fourth quarter after a 96,000 loss in the third, a 132,000 drop in the second and a 347,000 loss in the first quarter. In the year-ago period, the firm had added 162,000 […]
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The Onion Union Reaches Tentative Deal With Management, Averting Strike
A strike has been averted at The Onion and several of its sister publications, at least for now. Hours before their current labor agreement was set to expire, The Onion union — representing staffers at The Onion, Onion Labs, The A.V. Club, Deadspin and The Takeout — reached a tentative deal on a new contract with owners G/O Media. […]
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The Hollywood Reporter’s Women in Entertainment to Launch in Canada
The Hollywood Reporter said Wednesday that its renowned Women in Entertainment brand is expanding into Canada with the launch of a new event, Women in Entertainment Canada. Women in Entertainment Canada will be a first-of-its-kind summit that will bring together the Canadian industry across television, film and music to celebrate and recognize the achievements of […]
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Hulu Set to Begin Password-Sharing Crackdown, Following Disney+
Hulu is set to begin cracking down on password and account sharing, following a similar move by Disney+. The Disney-owned streaming service on Wednesday sent an email to subscribers notifying them of an updated subscriber agreement, one that explicitly bars sharing accounts outside of the user’s household. “Unless otherwise permitted by your Service Tier, you […]
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