Business
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Peacock Sheds 500,000 Subscribers, Comcast Earnings Dragged Down by Revenue Drop at Studios and Parks
The streamer has 33 million subscribers as it heads into the Olympics starting on Friday
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Spotify Sees Record Profit in Q2 Following Subscription Price Hike and Layoffs
The audio streaming giant reported revenue of €3.81 billion, up 20% year-over-year
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Disney Heiress Abigail Disney Resumes Dem Donations ‘With All My Heart’ to Kamala Harris
She will also hold a fundraiser for the Democratic Party now that President Joe Biden has dropped out of the race
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Warner Bros. Discovery Files to Match Amazon’s $1.8 Billion NBA Deal
The move comes after the league finalized 11-year contracts with the tech giant, NBC and Disney/ESPN
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Prime Video Acquires UK’s Historic Bray Film Studios, Home of ‘Lord of the Rings: Rings of Power’
The streamer’s first post-acquisition production at the space will be “Citadel” Season 2
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Disney Board Director Safra Catz Departs After 6 Years
The Oracle CEO’s exit will reduce the board’s total size to 11 members
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CBS EVP of Comedy Development Jon Koa to Step Down After 3 Years
The executive will not be replaced as Yelena Chak spearheads scripted development at the network
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NBCUniversal Closes 2024-25 Upfront Touting ‘Modest’ Advertising Commitment Growth Boosted by Peacock, Sports, Digital
While no specific figures were given, the streaming service has seen advertiser demand grow 40% over the past three years
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Would Warner Bros. Discovery’s Problems Be Solved by Spinning off Studio and Streaming? | Analysis
While one analyst says the company is in need of “transformative changes,” others argue that a spinoff poses credit and debt risks
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Fox Entertainment Lays Off 30 Staffers Amid Restructuring
“This step was solely related to aligning our business operations,” CEO Rob Wade says in a memo to staff
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Ted Sarandos Says Netflix and YouTube ‘Feed Each Other Very Well’ Despite Competition
However, co-CEO Greg Peters says it would be “hard to imagine” YouTube taking “big creative bets” on creators like Netflix does
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Netflix Doubles Down on Decision to Avoid Bundling, Says It’s Already a ‘Go-To Destination’
The streamer says doing so “limits the benefit” of its offerings
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Netflix’s VP of Ad Sales Pete Naylor to Depart as Streamer Expands Global Reach
The entertainment giant will hire an ad sales head overseeing the U.S. and Canada in his place
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Netflix Q2 Profits Surge 44% to $2.15 Billion As Streamer Adds 8 Million Subscribers
The company, which boosted its global subscribers 16.5% to 277.65 million, is expanding its lead over its competitors.
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Business
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Paramount Names Geoff Stier EVP of Production, Motion Picture Group
The veteran exec previously oversaw studio successes including “True Grit,” “World War Z” and the “Daddy’s Home” series
