Business
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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
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Entertainment Industry Adds 3,200 Jobs in February
The small gain came as the US added 275,000 jobs overall
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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
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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
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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
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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
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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
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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
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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”
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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
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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
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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
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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
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Facebook, Instagram, Threads See Widespread Outages on Super Tuesday
Meta’s social media platforms go dark simultaneously; YouTube, Discord also experiencing problems
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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
