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Business

  • 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

    By

    Eileen AJ Connelly
    February 9, 2024 @ 4:30 AM
    News
    4:30 AM
    AMC Networks’ Q4 Streaming Gains Can’t Offset 30% Revenue Plunge, Shares Dive 19%
  • 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

    By

    Jeremy Fuster
    February 8, 2024 @ 1:20 PM

    Pro Available to WrapPRO members

    TV
    1:20 PM
    Lionsgate Revenue Slips 2.5% in Fiscal Q3 Due to Strikes, Restructuring

    Pro Available to WrapPRO members

  • 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

    By

    Eileen AJ Connelly
    February 8, 2024 @ 7:28 AM
    News
    7:28 AM
    Disney Shares Leap 10% as Wall Street Cheers Positive Earnings, New Initiatives
  • 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

    By

    Eileen AJ Connelly
    February 8, 2024 @ 7:18 AM
    News
    7:18 AM
    Thomson Reuters Credits AI Deals for Q4 Revenue Boost
  • 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

    By

    Jose Alejandro Bastidas
    February 7, 2024 @ 3:12 PM
    TV
    3:12 PM
    Nelson Peltz’s Trian Slams Disney After Earnings Report: ‘We Saw This Movie Last Year and We Didn’t Like the Ending’
  • 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

    By

    Drew Taylor
    February 7, 2024 @ 2:43 PM
    Business
    2:43 PM
    Disney’s $60 Billon Parks Expansion to Include ‘Every Single’ Location, Bob Iger Says
  • 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

    By

    Natalie Korach
    February 7, 2024 @ 1:38 PM

    Pro Available to WrapPRO members

    News
    1:38 PM
    News Corp. Reports 3% Boost in Revenue to $2.59 Billion Driven by Dow Jones, Book Publishing and Real Estate

    Pro Available to WrapPRO members

  • 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

    By

    Kayla Cobb
    February 7, 2024 @ 1:30 PM
    Media
    1:30 PM
    Disney to Take $1.5 Billion Stake in ‘Fortnite’ Studio Epic Games, Will Create New Content
  • 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

    By

    Lucas Manfredi and Jeremy Fuster
    February 7, 2024 @ 1:19 PM
    Business
    1:19 PM
    Disney Cuts Streaming Losses While Q1 Revenue Stays Flat at $23.5 Billion
  • 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

    By

    Lucas Manfredi
    February 7, 2024 @ 5:24 AM

    Pro Available to WrapPRO members

    WrapPRO
    5:24 AM
    Fox Corporation Ad Revenue Tumbles 20% Due to Lower Ratings, Dip in Political Advertising

    Pro Available to WrapPRO members

  • 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

    By

    Natalie Korach
    February 7, 2024 @ 4:27 AM

    Pro Available to WrapPRO members

    News
    4:27 AM
    New York Times Says Missed Revenue Impacted by Advertisers ‘Avoiding Some Hard News Topics’ Like Israel-Gaza War

    Pro Available to WrapPRO members

  • 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

    By

    Ross A. Lincoln
    February 6, 2024 @ 6:50 PM
    Media
    6:50 PM
    Byron Allen’s $100 Million McDonald’s Lawsuit Dismissed by Judge as ‘Purely Speculative’
  • 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

    By

    Lucas Manfredi
    February 6, 2024 @ 9:06 AM
    Business
    9:06 AM
    Disney Activist Investor Blackwells Capital Proposes Company Split
  • 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

    By

    Raquel 'Rocky' Harris
    February 6, 2024 @ 7:00 AM
    Media
    7:00 AM
    The Onion Union Ratifies New Contract With G/O Media
  • 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

    By

    Eileen AJ Connelly
    February 6, 2024 @ 6:59 AM
    Business
    6:59 AM
    Meta Offers Industry Standards to Detect AI-Generated Content
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