Business
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Boston Celtics’ $6.1 Billion Sale Approved by NBA’s Board of Governors
The 18-time NBA champion team will be acquired by an investment group led by Bill Chisholm
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BET Networks Is No Longer for Sale, David Ellison Says
“Our intention is to keep the company together and invest through the lens of long-term operation,” the chief executive says during a Wednesday press conference
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Mario Gabelli Sues Paramount, National Amusements Over ‘Unfair and Inequitable’ Merger Payout
The class action on behalf of 750 class A shareholders follows the $8 billion Skydance deal’s closing last week
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Disney Marketing Shuffle: Asad Ayaz Named President of Disney Entertainment Marketing, Shannon Ryan Adds Streaming
Ayaz is now Chief Brand Officer, TWDC and President, Disney Entertainment Marketing while Ryan will oversee the integrated Disney+ and Hulu team
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Comcast Launches ‘World Soccer Ticket’ Fan Bundle for $85 per Month
The offering for Xfinity customers includes nearly 60 channels, Peacock Premium, an X1 device and 300 hours of cloud DVR
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NBCUniversal, US Golf Association Extend Media Partnership Through 2032
Versant also acquires media rights to the USGA championships for USA Network and Golf Channel
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Netflix Consumer Products VP Josh Simon Exits to Join Funko as CEO
The executive will also be on the toymaker’s board of directors starting Sept. 1
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Crunchyroll Sets Layoffs Due to Restructuring: ‘Not a Cost-Cutting Measure’
President Rahul Purini says the move is aimed at creating a “new organizational model that supports regionally-empowered teams to lean into anime fandom even further”
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Fox Entertainment Global Names Liz Tang VP of UK Content and Acquisitions
The executive heads to Fox after five years with Fifth Season/Endeavor Content
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Earnings Analysis: Streamers Hit Profit, but Competition for Subs Is Fierce
Netflix continues to dominate on subscribers and average revenue per user, while nearly all of the major streamers reported profits in their latest quarter
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Tegna Stock Surges Over 28% on Nexstar Acquisition Talks
The former owns and operates 64 television stations in 51 markets
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ESPN, Fox One to Launch $39.99 Per Month Bundle in October
The standalone streaming services will both launch on Aug. 21
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AMC Theatres Narrows 2nd Quarter Loss to $4.7 Million as Revenue Jumps 36% on ‘Sinners,’ ‘F1’ Success
Moviegoers spent a record $22.26 per visit as attendance climbed 26% on hits like “F1” and “Mission: Impossible — The Final Reckoning”
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Business
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Why Creators Are Building Hollywood-Style Studios to Make TV-Ready Content
TikTok and YouTube stars like Michelle Khare and Brandon Stewart are investing in production
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UFC Moves to Paramount+ and Ends PPV in 7-Year, $7.7 Billion Deal
Starting in 2026, Paramount+ will stream all 13 marquee numbered events and 30 Fight Nights, with major matches simulcast on CBS
