Business
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Comcast Spinoff Shouldn’t Warrant FCC, Antitrust Reviews, Analyst Says
New Street Research’s Blair Levin also calls Trump interference an “X factor” for the transaction, which involves “nemesis” MSNBC
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Comcast’s Bold Move to Slim Down NBCUniversal Sets It Up for a Streaming-Focused Future | Analysis
CEO Brian Roberts’ decision to spin out dying cable properties bets big on Donna Langley and Peacock
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TV
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Comcast to Spin Off Cable Networks Including MSNBC and E! as Linear Continues Decline, Donna Langley Elevated
Mark Lazarus and Anand Kini will lead the new standalone, publicly traded company, while Langley has been named NBCU’s entertainment and studios chairman
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Alexandra Weinberger Joins Amazon MGM Studios as Head of Ongoing Young Adult, Comedy Series
The former ABC executive will oversee Prime Video titles including “Cruel Intentions,” “We Were Liars” and “Motorheads”
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Peter Chernin’s The North Road Company, Andreesen Horowitz Invest in Generative AI Content Studio
Promise is founded by former YouTube exec Jamie Byrne, Fullscreen CEO George Strompolos and independent filmmaker Dave Clark
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Disney Takes Top Position in Race to Make Streaming Work | Earnings Analysis
Other competitors also made progress in earnings quarter but are not closing the gap as fast to offset dying cable TV
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Business
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Kansas City Chiefs, World Series and TV Dramas Boost Broadcast to Highest Usage Share Since January
Broadcast grew 7% month-over-month in October to finish with a total TV usage share of 24%
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TV
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SpringHill Company, Fulwell73 Team to Create Unscripted, Sports Powerhouse
The deal, which is expected to close in the fourth quarter of 2024, will see existing investors inject $40 million in fresh capital to fuel the combined entity’s growth
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Disney, Comcast, Lionsgate and WBD Ad Spend on Elon Musk’s X Falls 98%
The companies collectively spent less than $3.3 million on the social media platform from January to September, compared to $170 million a year ago, according to MediaRadar
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Hallmark Media Taps Google’s Jesse Wallace as Head of Distribution
The former Google and NFL executive will be based in New York City and report directly to COO John Matts
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Nielsen CEO Says Paramount Is Demanding ‘Nearly 50%’ Price Reduction in Contract Dispute
“We cannot reset the value of our services to a fraction of their worth due to the circumstances and demands of one client,” Karthik Rao told clients in a memo
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Dotdash Meredith Cuts 53 Jobs as Print Business Remains ‘Challenged’ | Report
CEO Neil Vogel says the company is “not closing any print magazines,” despite those challenges, according to an email obtained by Axios
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Disney CEO Bob Iger to Sell Off Up to $41 Million in Shares
The move is part of an SEC rule that lets the executive exercise vested stock options that expire on Dec. 18, after they were granted to him 10 years ago in 2014
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Next Trump Administration Will Likely Relax M&A Enforcement – Except for His Foes, Say Experts
When it comes to policy, the president-elect’s second term will be like “a movie sequel” to his first, one antitrust attorney says
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Politics
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Disney Swings to Streaming Profit of $321 Million in Q4, $134 Million for 2024
The company touted one of its best quarters for its film studio, but results were weighed down by its entertainment linear networks and lower profits in sports and Experiences
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