Business
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
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
-
Comcast’s Sky, Warner Bros. Discovery Settle ‘Harry Potter’ Series Lawsuit Over Denied Partnership
Both companies have agreed to “the dismissal with prejudice of all claims in the action” in a new court filing
-
A+E Networks Ad Sales President Peter Olsen to Step Down, Toby Byrne to Take Over
The 20-year veteran is set to retire in February
-
Comcast Cable CEO Predicts 100,000 Broadband Sub Losses in Q4
The forecast, which sent shares tumbling more than 9% on Monday, includes around 10,000 subscriber losses because of weather-related disruptions from Hurricanes Milton and Helene
-
Omnicom to Acquire Rival Interpublic Group, Creating Ad Agency Powerhouse
The deal, which is expected to close in the second half of 2025, will create a combined company with over 100,000 employees and revenue of $25.6 billion
-
Liberty Media Names Ex-Formula One CEO Chase Carey to Board of Directors
The executive previously spent years at various Murdoch-owned companies including News Corp and 21st Century Fox
-
Condé Nast Cuts More Jobs in Another Round of Media Layoffs
Job cuts include 14 top executives and “several members” of GQ staffers, AdWeek reports
