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Business

  • Lionsgate Stock Jumps 11% on Analyst Upgrade Ahead of Studio Spin-Off

    Separately, CEO Jon Feltheimer acquired 100,000 shares of the company’s stock on Thursday

    By

    Lucas Manfredi
    March 11, 2024 @ 11:22 AM
    TV
    11:22 AM
    Lionsgate Stock Jumps 11% on Analyst Upgrade Ahead of Studio Spin-Off
  • Entertainment Industry Adds 3,200 Jobs in February

    The small gain came as the US added 275,000 jobs overall

    By

    Eileen AJ Connelly
    March 8, 2024 @ 9:56 AM
    News
    9:56 AM
    Entertainment Industry Adds 3,200 Jobs in February
  • Major Pay TV Operators Shed 5 Million Subscribers in 2023

    The figure brings the industry’s total net losses in the past five years to over 20 million, according to Leichtman Research Group

    By

    Lucas Manfredi
    March 8, 2024 @ 9:09 AM
    Business
    9:09 AM
    Major Pay TV Operators Shed 5 Million Subscribers in 2023
  • Bill to Force Sale of TikTok to US Company or Face Ban Moves to the House Floor for Vote

    The legislation has the support of the Biden administration

    By

    Eileen AJ Connelly
    March 8, 2024 @ 7:23 AM
    News
    7:23 AM
    Bill to Force Sale of TikTok to US Company or Face Ban Moves  to the House Floor for Vote
  • IATSE Begins Negotiations on Hollywood Basic Agreement With Studios

    The talks kicked off on Tuesday as below-the-line unions await an AMPTP health plan counterproposal

    By

    Jeremy Fuster
    March 7, 2024 @ 6:59 PM
    Movies
    6:59 PM
    IATSE Begins Negotiations on Hollywood Basic Agreement With Studios
  • ValueAct Capital Praises Disney’s Efforts to Lean Into Theme Parks, Move Beyond the Streaming Wars

    The activist investor, who has an information sharing agreement with the entertainment giant, published a white paper on Thursday

    By

    Lucas Manfredi
    March 7, 2024 @ 2:41 PM
    Business
    2:41 PM
    ValueAct Capital Praises Disney’s Efforts to Lean Into Theme Parks, Move Beyond the Streaming Wars
  • Disney Sells Out Ad Inventory for 2024 Oscars Telecast on ABC

    The rate for a 30-second spot during the telecast ranges between $1.7 million and $2.2 million

    By

    Lucas Manfredi
    March 7, 2024 @ 7:32 AM
    TV
    7:32 AM
    Disney Sells Out Ad Inventory for 2024 Oscars Telecast on ABC
  • How the Major Streamers Stack Up in Subscribers and Revenue | Charts

    Netflix remains king in subscribers and average revenue per user, but Disney and Warner Bros. Discovery are making progress toward profitability

    By

    Lucas Manfredi
    March 7, 2024 @ 6:15 AM

    Pro Available to WrapPRO members

    WrapPRO
    6:15 AM
    How the Major Streamers Stack Up in Subscribers and Revenue | Charts

    Pro Available to WrapPRO members

  • Charter CEO Isn’t Convinced Fox-Disney-Warner Bros. Discovery Bundle ‘Scratches the Itch’ for Sports Fans

    Chris Winfrey noted that the joint venture is an admission that “genre-based packaging is the way to go”

    By

    Lucas Manfredi
    March 6, 2024 @ 1:42 PM
    Business
    1:42 PM
    Charter CEO Isn’t Convinced Fox-Disney-Warner Bros. Discovery Bundle ‘Scratches the Itch’ for Sports Fans
  • Sony Pictures Entertainment Promotes Ravi Ahuja to President and COO

    The TV chief, who will take on the expanded role effective April 1, will continue to report to chairman and CEO Tony Vinciquerra

    By

    Lucas Manfredi
    March 6, 2024 @ 11:01 AM
    Business
    11:01 AM
    Sony Pictures Entertainment Promotes Ravi Ahuja to President and COO
  • Rooster Teeth to Shut Down After 21 Years

    The Roost Podcast Network will continue to operate while Warner Bros. Discovery “evaluates outside interest in acquiring this growing asset,” general manager Jordan Levin said

    By

    Lucas Manfredi
    March 6, 2024 @ 9:45 AM
    Media
    9:45 AM
    Rooster Teeth to Shut Down After 21 Years
  • Bob Iger Plans to Leverage Epic Games Deal to Build Disney Universe That Lives ‘Side by Side to Fortnite’

    “We were really impressed with what Epic had been able to accomplish with ‘Fortnite,’” the CEO said at Tuesday’s Morgan Stanley conference

    By

    Alexei Barrionuevo
    March 5, 2024 @ 12:04 PM
    Movies
    12:04 PM
    Bob Iger Plans to Leverage Epic Games Deal to Build Disney Universe That Lives ‘Side by Side to Fortnite’
  • Disney CEO Bob Iger ‘Working Hard’ to Avoid Getting Distracted by Activist Investors

    “When I get distracted, everybody who works for me gets distracted and that’s not a good thing,” the executive told a Morgan Stanley investor conference on Tuesday

    By

    Lucas Manfredi
    March 5, 2024 @ 11:33 AM
    Business
    11:33 AM
    Disney CEO Bob Iger ‘Working Hard’ to Avoid Getting Distracted by Activist Investors
  • Facebook, Instagram, Threads See Widespread Outages on Super Tuesday

    Meta’s social media platforms go dark simultaneously; YouTube, Discord also experiencing problems

    By

    Eileen AJ Connelly and Lucas Manfredi
    March 5, 2024 @ 8:37 AM
    News
    8:37 AM
    Facebook, Instagram, Threads See Widespread Outages on Super Tuesday
  • Colin Firth’s ‘Wet Shirt’ From ‘Pride & Prejudice’ Up for Auction

    The iconic costume is one of 69 worn by screen legends from Elizabeth Taylor to Madonna for sale in online charity auction

    By

    Eileen AJ Connelly
    March 5, 2024 @ 7:51 AM
    News
    7:51 AM
    Colin Firth’s ‘Wet Shirt’ From ‘Pride & Prejudice’ Up for Auction
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