Business
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AMC Networks’ Q4 Streaming Gains Can’t Offset 30% Revenue Plunge, Shares Dive 19%
The parent of IFC Films and SundanceTV posted a narrower loss than last year as it booked charges for the sale of 25/7 Media, value decline of BBC deal
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Lionsgate Revenue Slips 2.5% in Fiscal Q3 Due to Strikes, Restructuring
Despite box office success with “Hunger Games,” studio takes $43.5 million operating loss as strikes shut down TV production
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TV
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Disney Shares Leap 10% as Wall Street Cheers Positive Earnings, New Initiatives
In addition to a solid Q1, Disney announced a huge move into gaming and a pact to launch new sports streaming service
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Thomson Reuters Credits AI Deals for Q4 Revenue Boost
The news and information agency said it is in “growth and investment mode” as broader industry struggles
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Nelson Peltz’s Trian Slams Disney After Earnings Report: ‘We Saw This Movie Last Year and We Didn’t Like the Ending’
The activist investor seeks to join the media conglomerate’s board at its next investor meeting
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Disney’s $60 Billon Parks Expansion to Include ‘Every Single’ Location, Bob Iger Says
The CEO also hinted at a boost for the Cruise Line
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News Corp. Reports 3% Boost in Revenue to $2.59 Billion Driven by Dow Jones, Book Publishing and Real Estate
The fiscal Q2 of 2024 marked the highest quarterly Dow Jones revenues since its acquisition in 2007
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News
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Disney to Take $1.5 Billion Stake in ‘Fortnite’ Studio Epic Games, Will Create New Content
The move marks Disney’s most serious investment in gaming to date
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Disney Cuts Streaming Losses While Q1 Revenue Stays Flat at $23.5 Billion
CEO Bob Iger declares company has “turned the corner” as he staves off Nelson Peltz’s activist investor push
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Fox Corporation Ad Revenue Tumbles 20% Due to Lower Ratings, Dip in Political Advertising
The media giant beat Q2 estimates with total revenue of $4.23 billion, down 8.2% year-over-year
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WrapPRO
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New York Times Says Missed Revenue Impacted by Advertisers ‘Avoiding Some Hard News Topics’ Like Israel-Gaza War
Digital ad revenue fell 3.7% year-over-year, with five fewer days in the quarter and declines from podcasts and creative services
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News
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Byron Allen’s $100 Million McDonald’s Lawsuit Dismissed by Judge as ‘Purely Speculative’
The media mogul had accused the fast food giant of not honoring a pledge to increase ad-spending with Black-owned media
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Disney Activist Investor Blackwells Capital Proposes Company Split
The firm is looking to secure three seats on the entertainment giant’s board at its annual meeting on April 3
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The Onion Union Ratifies New Contract With G/O Media
The three-year agreement includes raises to minimum starting salaries, increased parental leave and new AI policies
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Meta Offers Industry Standards to Detect AI-Generated Content
The Facebook and Instagram parent wants tech, media industries to align efforts to identify fake content ahead of the election
