Business
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Venu Sports Sets Launch Price of $42.99 Per Month
Fox, Disney and Warner Bros. Discovery’s joint sports streaming venture is slated to launch this fall
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Meta’s Push Into AI Development Shows Promise With 73% Surge in Net Income
The tech giant beat Q2 estimates, reporting revenue of $39.1 billion, up 22% from 2023
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Disney Entertainment Television Lays Off 140 Staffers, Including 13% of National Geographic Workforce
The cuts are also impacting Disney-owned TV stations, Freeform and marketing and publicity divisions
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‘Halo’ Video Game Studio Bungie Lays Off 17% of Staff, Restructures Development Strategy
CEO Pete Parsons says the cuts, which will impact 220 employees, come in part due to “enduring economic conditions”
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Apex Capital Bid for Paramount Flagged as Possible Hoax, Press Release Removed From BusinessWire
The $43 billion offer was announced in a press release that was later pulled down
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Ex-Netflix Staffer Sues Over COVID Vaccine Mandate, Sexual Office Environment
Jessica Combs’ suit also complains of drag queens in the cafeteria during Pride events and alcohol at work gatherings
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Hallmark Studios Names Wondu Dikran as SVP
The former NBCUniversal/DreamWorks TV head of production will oversee the newly created division
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Miramax Hires Spencer Ela as Film SVP
The former Safran Company exec recently oversaw the production of “Blue Beetle”
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Lionsgate Board Approves Collapse of Dual-Class Stock Share Structure
If approved by shareholders, the move would give Class A voting shares a 12% premium as part of the process
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Warner Bros. Discovery Sues Over NBA’s ‘Unjustified’ Rejection of Matching Rights Proposal
A league spokesperson says WBD’s claims are “without merit” and that their lawyers will address them
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Charles Barkley Laments Warner Bros. Discovery’s NBA Loss: ‘Not Sure TNT Ever Had a Chance’
“It’s a sad day when owners and commissioners choose money over the fans,” the ‘Inside the NBA’ analyst added
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Barry Diller Says IAC Bid for Paramount Is Over
“It is unwise to get in an auction with someone who has a pretty much unlimited balance sheet,” the executive says of the Ellison family
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Paramount-Skydance Merger Could Cost Shareholders $1.65 Billion in Damages, Class-Action Lawsuit Argues
Scott Baker, who owns over 40,000 Class B shares, says the deal is designed to cash out Shari Redstone at a substantial premium
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Move Over Mark Cuban, Vince Vaughn Owns a Pickleball Team Now
The “Wedding Crashers” and “Bad Monkey” star has taken a majority stake in California’s Coachella Valley Scorpions
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Warner Bros. Discovery Stock Plunges Over 6% on NBA TV Rights Loss
Macquarie Research, which downgraded the stock Thursday, argued that while WBD intends to litigate the decision, it’s “hard to see an amicable endgame”
