Business
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Founder Henry Blodget Set to Leave Business Insider’s Board
He previously stepped down from his role as CEO in 2023
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Sony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 Billion
The company posted a 69% increase in net income and 3% boost in revenue for its second quarter of 2024, weighed down by lower results at Sony Pictures Entertainment
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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business
Streaming subscribers grew 5% in the third quarter of 2024 and now total 11.8 million
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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Lionsgate CEO Dissects ‘Borderlands’ Bust: ‘Everything That Could Go Wrong Did Go Wrong’
Amid a deep box office slump, Jon Feltheimer believes Lionsgate’s problems are a quality issue and not with its business model
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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Available to WrapPRO members
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Nexstar Reduces CW Operating Losses by $119 Million, Surpassing Expectations
The network’s operating losses were also reduced by $36 million year-over-year
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Under Trump 2.0, Hollywood Sees a Wave of Consolidation and Looming Censorship
His reelection comes at a precarious moment for Hollywood, when legacy studios are severely tightening their belts
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David Zaslav Touts ‘Opportunity for Consolidation’ Under Trump Administration
“That would provide a real positive and accelerated impact on this industry that’s needed,” the Warner Bros. Discovery CEO says
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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News
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Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant’s overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% dip in profit
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TV
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AMC Theatres Revenue Slides 5% Despite ‘Deadpool 3’ Boost
The theater chain posted its second-highest EBITDA ever in Q3 and narrowed losses to 6 cents per share
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Jeff Bezos Congratulates Trump on ‘Extraordinary Political Comeback’
“Wishing Donald Trump all success in leading and uniting the America we all love,” the Amazon founder said in a Wednesday X post
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Trump’s Truth Social Stock Sees Erratic Crash, Spike in Wild Election Day Ride
DJT shares jumped as much as 18.7% — before being halted following a 15% drop and later closing slightly down
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Fubo Says Disney, Fox and WBD Structured Venu Sports Bundle to Destroy Any Potential Competition
“Its artificial advantage will capture hundreds of thousands of subscribers and tens of millions of dollars from Fubo alone,” the streamer writes
