Business
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Sony Won’t Submit Counter Bid for Paramount Global
Acquiring the entire media giant would be “risky” to its capital allocation strategy, Sony Group president, COO and CFO Hiroki Totoki tells analysts
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Disney Could Pay Up to $5 Billion More for Comcast’s Hulu Stake
The company made an initial payment of $8.6 billion in December for NBCU’s 33% minority interest in the streaming service
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The New York Times Adds 300,000 Digital Subs in Q2 as Total Revenues Rise 6% to $625 Million
Digital subscription revenues climbed 13% year-over-year to $304.5 million on strength of bundle and multi-product additions
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Business
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Disney Swings to First-Ever Combined Streaming Profit of $47 Million in Q3
The House of Mouse expects streaming profitability to further improve in Q4 after it added 200,000 Disney+ subs for a total of 153.8 million
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Disney Entertainment Television Overhauls Casting Departments After Latest Round of Layoffs
After 140 staffers were laid off last week, casting operations at 20th Century, ABC Signature, Onyx and Hulu are being consolidated
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Paramount+ Domestic and Showtime Chief Marketing Officer Michael Engleman to Exit
The executive announced his departure in an internal memo to staff on Tuesday
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Charles Barkley Cancels Retirement, Commits to TNT Sports for ‘Years to Come’
The move comes as Warner Bros. Discovery was left on the sidelines of the NBA’s latest round of media rights negotiations
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Disney+ to Raise Price, Add Continuous Playlists for ‘Lean-Back’ Viewing Experience This Fall
The offering, which launches in September, will make ABC News Live and a preschool content-focused playlist available at launch
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Warner Bros. Discovery Looks to Pursue Smaller Asset Sales After Mulling Possible Break-Up | Report
The media giant reportedly determined a split of streaming and studio businesses from linear could create “operational challenges”
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Will Warner Bros. Discovery’s NBA Suit Save Face or Create New Headaches?
Litigation may “irreparably” damage its relationship with the league, despite billions in lost revenue, analysts say
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Fox Corporation Net Income Slips to $320 Million as Company Reports Mixed Q4 Results
The media company saw revenue of $3.09 billion, an increase of 2% compared to 2023, just missing Wall Street estimates
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News
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Game Informer Magazine Shuts Down After 33 Years
The outlet’s entire staff was laid off by parent company GameStop on Friday
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AMC Suffers $32 Million Loss Amid Q2 Box Office Slump
Revenue falls 23% year-over-year to $1.03 billion, but “Inside Out 2” provides late-quarter surge for theater chain
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Business
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Cinemark Q2 Profits Drop 62% to $45.8 Million, but ‘Inside Out 2’ Helps Avoid a Loss
The Texas-based multinational chain weathered a poor box office in April and May
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Business
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LA28 Olympics Silent on $350,000 Salary for Casey Wasserman’s Former Secretary and Alleged Mistress
A Daily Mail exposé says the mogul’s affair with former staffer Patricia Feau was an “open secret” before she moved to LA28, where Wasserman serves as chair
