Business
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OpenAI Whistleblower Suchir Balaji’s Death Ruled a Suicide
The OpenAI researcher was named in New York Times copyright infringement lawsuit
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Warner Bros. Discovery’s Restructuring Sets the Table for M&A in 2025 | Analysis
The move could be just the first step for David Zaslav to deal with declining linear TV assets, which remain a drag on the company.
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Lloyd Braun, Sarah Bremner and Noah Oppenheim Launch Prologue Entertainment With Backing From Jeff Zucker, RedBird
The studio will develop, produce and finance premium scripted series and film content
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Telemundo Studios Names Jacqueline Castro as Vice President of Production
The former Sony Pictures exec will lead production strategy across both in-house and third-party productions
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Universal Television Casting Head Beth Klein to Retire After 13 Years
The executive will exit the studio at the end of the year
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Nexstar to Cut About 2% of Staff, Layoffs Expected in Broadcasting and Sales Divisions
The downsizing comes after The CW let go of over two dozen employees last month
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Lionsgate Activist Investor Asks Studio to Consider Sale After Starz Separation
Anson Funds, which has become a Top 5 shareholder in the Hollywood studio, also says the company could consider divestitures of its unscripted TV and 3 Arts businesses
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J.J. Abrams’ Bad Robot Inks 2-Year First-Look Deal With Warner Bros. TV
The latest pact is non-exclusive and less expensive than the previous, five-year deal
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CNBC Forms Strategic Verticals & Audience Development Unit
Led by Max Meyers, the division will create and commercialize verticals in sports, wealth and women’s leadership
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UnitedHealthcare Value Drops $41.6 Billion in Week After CEO Brian Thompson’s Slaying
The nation’s biggest health insurance company is worth $520.1 billion after losing 7.5% of its value
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Netflix’s Jake Paul-Mike Tyson Fight Demand Was ‘Off the Charts’ Despite Tech Glitches, Ted Sarandos Says
“We were stressing the limits of the Internet itself that night,” the streamer’s co-CEO tells UBS’ Media & Communications Conference
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Starz CEO Pitches Wall Street Ahead of Lionsgate Separation, Calls Asset ‘Misunderstood’
Jeff Hirsch says post-separation growth opportunities for the company include M&A, bundling, a password sharing crackdown and controlling content costs
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SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming
The satellite and online radio provider has also hired ADT Inc.’s Wayne Thorsen as its new COO as chief product and technology officer Joseph Inzerillo steps down
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AI Deals in 2024 Blow Past 2023 Investment at $55.3 Billion
The artificial intelligence industry has already received $1.2 billion more than it did last year, and that’s without accounting for Q4
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Disney Password-Sharing Crackdown ‘Working Out Well’ for Subscriber Growth, CFO Says
The benefits of paid sharing will start to show in the beginning of 2025, Hugh Johnston tells UBS’ Media and Communications Conference
