Business
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Congress Details Collusion and Consumer Privacy Concerns Over Venu Sports Streaming Venture in New Letter
Reps. Jerry Nadler and Joaquin Castro also asked for the methods Fox, Warner Bros. Discovery and Disney may use to determine pricing for the service
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Nvidia Overtakes Apple as World’s Second-Most Valuable Company
The AI boom fuels the chipmaker, now behind only Microsoft
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CAA Names Darryl Eaton, Emma Banks and Rick Roskin as Co-Heads of Global Touring
“With the most talented team of agents ever at one agency, and serving the most influential artists in the world, we see unlimited opportunities ahead,” the trio says
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Disney’s EMEA Business Posts $731 Million Profit for 2023, Driven by Disney+ and Strong Film Performance
Turnover, which includes licensing, advertising and subscription revenue, was $4.86 billion for the period covering Oct. 2, 2022, to Sept. 30, 2023
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NBA Close to $76 Billion TV Rights Deal With NBC, Amazon and Disney | Report
The league’s deals could translate to a 2.5 times increase in annual fees to an average of nearly $7 billion
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The Brits Invade US Newsrooms With a ‘Killer Instinct’ and Fleet Street Ethics
Robert Winnett, the soon-to-be executive editor of the Washington Post, is the latest British journalist to be put in charge of a U.S. news outlet.
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Sean ‘Diddy’ Combs Sells Majority Stake in Revolt Amid Sex Trafficking and Assault Allegations
The move comes after the rapper and media mogul stepped down as chairman in November
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Paramount Postpones Employee Town Hall as Skydance Merger Talks Continue
The company’s Office of the CEO pushed the meeting to June 25
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Lionsgate, Nielsen Partner for First-Ever FAST Viewership Metrics
The studio’s MovieSphere offering will receive detailed demographic data for the first time
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Max Hikes Prices on Ad-Free Tiers
Effective Tuesday, the streamer will charge $16.99 per month for its Ad-Free tier and $20.99 for its Ultimate Ad-Free tier
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Paramount Office of the CEO Plan Includes Streaming Partnerships, Cost Cuts and Divesting Assets
The executives’ presentation comes as controlling shareholder Shari Redstone decides whether to accept a takeover offer from David Ellison’s Skydance Media
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Paramount Shareholder Aspen Sky Trust Decries Skydance Agreement as ‘Undervalued Bid’ That Only Benefits Shari Redstone
The firm, which owns approximately 6.57 million shares in the media conglomerate, sent a third letter of opposition Monday
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Disney, WBD and Fox Brace for More Congressional Scrutiny After Friday Talks Fail to ‘Satisfy Concerns’ Over Venu Sports Bundle | Exclusive
Congressmen Jerry Nadler and Joaquin Castro are sending a follow-up letter with additional questions as early as this week, TheWrap has learned
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Paramount and Skydance Agree to Deal Terms as Merger Inches Closer, Shares Rise Over 7%
The deal awaits approval from controlling shareholder Shari Redstone
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Skydance Offers Paramount Shareholders a $15 per Share Cash-Out Option as Deal Nears
Studio’s independent committee recommended the offer made by David Ellison’s company