Business
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Disney Expands CEO Search to External Candidates, Including EA’s Andrew Wilson
The entertainment giant plans to announce Bob Iger’s successor in early 2026
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Netflix’s Ad Tier Explodes to 70 Million Monthly Users Globally
The milestone for the streamer comes as it sold out in-game inventory for its Christmas Day NFL games
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MyFree DirecTV Launches With Over 70 FAST Channels
Sign-ups for the FAST service launch on Roku start today and will be available across Amazon Fire, Android and Apple devices this week, as well as via the DirecTV app
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Chris Wallace Quits CNN to Pivot to Streaming, Podcasting
The veteran journalist is ending his three-year tenure at the network to be “where the action seems to be”
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Endeavor to Sell OpenBet, IMG Arena in $450 Million Management Buyout Backed by Ari Emanuel
The deal, which also includes participation from executives including OpenBet CEO Jordan Levin, will be financed through a mix of cash and debt
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Founder Henry Blodget Set to Leave Business Insider’s Board
He previously stepped down from his role as CEO in 2023
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Sony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 Billion
The company posted a 69% increase in net income and 3% boost in revenue for its second quarter of 2024, weighed down by lower results at Sony Pictures Entertainment
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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business
Streaming subscribers grew 5% in the third quarter of 2024 and now total 11.8 million
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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Lionsgate CEO Dissects ‘Borderlands’ Bust: ‘Everything That Could Go Wrong Did Go Wrong’
Amid a deep box office slump, Jon Feltheimer believes Lionsgate’s problems are a quality issue and not with its business model
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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Nexstar Reduces CW Operating Losses by $119 Million, Surpassing Expectations
The network’s operating losses were also reduced by $36 million year-over-year
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Under Trump 2.0, Hollywood Sees a Wave of Consolidation and Looming Censorship
His reelection comes at a precarious moment for Hollywood, when legacy studios are severely tightening their belts
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David Zaslav Touts ‘Opportunity for Consolidation’ Under Trump Administration
“That would provide a real positive and accelerated impact on this industry that’s needed,” the Warner Bros. Discovery CEO says
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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