Business
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Smartmatic Executives Charged by Justice Department Over Alleged Bribery Scheme
The voting technology company has levied lawsuits against right-wing media outlets for coverage relating to the 2020 election
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AMC Networks Swings to Q2 Net Loss of $29.2 Million, US Ad Revenue Falls 11% on Linear TV Challenges
The company recorded $97 million in impairment charges related to the devaluation of its international business and BBC America
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News Corp. Reports 6% Boost in Q4 Revenue to $2.58 Billion, Touts OpenAI Deal
The media company turned a net loss of $32 million in 2023 into net income of $71 million driven largely by Dow Jones Segment
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Lionsgate Shrinks Q2 Loss to $59 Million Despite Box Office Slips
A TV revenue bump and reduced marketing costs helped mitigate the lack of a “John Wick”-level hit
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LA Mayor Karen Bass Launches Film and TV Task Force to Slow Production Leaving for Other Cities
Efforts out of the city’s inaugural Entertainment Industry Council aim to speed up post-COVID and -strike recovery, Deputy Mayor Rachel Freeman tells TheWrap
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Paramount Global Q2 Net Loss Balloons to $5.4 Billion as Company Takes $5.98 Billion Impairment Charge on Cable Networks
The media giant’s direct-to-consumer division swung to a profit of $26 million as Paramount+ shed 2.8 million subscribers
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Warner Bros. Discovery Stock Plunges Over 11% After Taking $9.1 Billion Impairment Charge on Linear TV Networks
The stock briefly hit a 52-week low of $6.73 per share following its earnings results for the second quarter of 2024
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Disney, Fortnite Set D23 Live Showcase to Reveal Game Updates After $1.5 Billion Investment
Disney Parks, Experiences and Products chairman Josh D’Amaro is sharing big game news this weekend — and players can get a special back bling for tuning in
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Endeavor Looks to Sell OpenBet, IMG Arena Ahead of Silver Lake’s Take-Private Deal
The company reported a net loss of $253.8 million and revenue of $1.75 billion in its second quarter of 2024
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Disney vs. Warner Bros. Discovery: A Tale of 2 Earnings | Analysis
WBD’s $10 billion net loss shocked Wall Street while Disney turned a corner on streaming profitability ahead of schedule
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Warner Bros. Discovery CFO Calls NBA Loss a ‘Triggering Event’ to ‘Reevaluate’ Strategy
However, Gunnar Wiedenfels notes the reevaluation wasn’t “a response to one individual factor”
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Warner Bros. Discovery Q2 Net Loss Widens to $9.99 Billion as Company Records $11.2 Billion in Impairment, Restructuring Charges
The media giant topped 103 million direct-to-consumer subscribers, but the DTC segment posted a $107 million loss for the quarter
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Paramount Sells ComicBook, PopCulture Sites to Nashville-Based Savage Ventures | Exclusive
This comes after Paramount Global’s newly appointed co-CEOs detailed a plan including $500 million in cost cuts
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Bernie Sanders, Elizabeth Warren Urge Government to Investigate Venu Sports for Anti-Competitive Model
The lawmakers warn that the offering could enable Fox, Disney and Warner Bros. Discovery to “discriminate against competitors and increase prices for consumers”
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How Amazon Created Its Brand New Interface for Prime Video
Prime Video’s VP of design Kam Keshmiri tells TheWrap the update helps users find movies and TV shows faster, and shares how generative AI helps with content curation
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