Business
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Apollo’s $11 Billion Bid for Paramount Ignites Bidding War | Analysis
The offer may be too good to ignore for majority owner Shari Redstone, analysts say
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Paramount Shares Jump 12% Following $11 Billion Apollo Bid
The media conglomerate’s market cap also rose to $8.6 billion
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UFC Owner Reaches $335 Million Antitrust Settlement With Fighters
The company, part of Endeavor’s TKO Group, has been fighting class action lawsuits from its talent for the past decade
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Mike Roe -
Spotify and Penny Per Stream Royalties: Is the Cure Worse for Artists Than the Disease?
Steve Jobs created the music industry’s long-standing basic economics. Now Congress’ new proposed bill may actually hurt, not help, artists
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CAA Lays Off About 20 Staffers Across Multiple Departments
This change in staff comes after 60 employees were let go from the agency last August
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ESPN Scores 6-Year, $7.8 Billion Media Rights Extension for College Football Playoff
The agreement locks in the CFP’s exclusive home through the 2031-2032 season
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Paramount+ to Launch $6.99 Per Month Ad-Supported Tier in Canada, Australia
The streamer will also expand the rollout of its premium plan across Europe
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NBCUniversal Media Group Promotes David Pietrycha to Chief Business Officer
The executive will work closely with division leadership on investment decisions, including content rights, strategic partnerships and M&A
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Spotify Payouts to Artists Top $9 Billion for 2023 – Another New Record
More than 78,850 artists got a check, with 1,250 getting $1 million or more
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TikTok Ban Could Create Financial Windfall for Meta, Alphabet and Snap | Analysis
Wall Street analysts say the tech giants could get a split of billions in revenue
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Elon Musk Defends Ketamine Use: From Investor Standpoint, ‘If There’s Something I’m Taking, I Should Keep Taking It’ | Video
The billionaire denied ever abusing the drug, saying that doing so would prevent him from being able to accomplish his work
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Hollywood Brawl Intensifies: Michael Kassan Plots New Venture as Insiders Weigh MediaLink’s Future Without Founder
As UTA and Kassan trade barbs in dueling lawsuits, media execs wonder what happens to MediaLink — and if he can launch a rival business
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Disney Reveals $25 Billion Return on Investment for Marvel, Star Wars Franchises Amid Proxy Fight
The tentpoles have generated $13.2 billion and $11.6 billion in value, respectively, since their $4 billion acquisitions in 2009 and 2012
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FCC to Require Cable, Satellite Operators to Show ‘All-In’ Pricing on Bills, Promotions With No Hidden Fees
The new rules are part of the Biden administration’s efforts to reduce “junk fees”
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Pete Distad Named CEO of Fox, Disney, Warner Bros. Discovery Sports Streaming Joint Venture
The former Apple TV+ and Hulu executive will oversee all aspects of the partnership, including strategy, distribution, marketing and sales