Business
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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
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Warner Bros Discovery Weighs Splitting Studio, Streaming Into Standalone as Stock Sags | Report
CEO David Zaslav is battling $39 billion debt load and stock stuck at $8, reports Financial Times
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LA On-Location Filming Drops 12% From Last Year Due to Declining Content Spend, ‘Post-Strike Paralysis’
A 56% drop in reality TV shoots is the biggest factor behind the industry-wide drop in production, according to the latest FilmLA report
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Warner Bros. Discovery Should Explore a Potential Sale or ‘Strategic Alternatives,’ Bank of America Says
“The current composition as a consolidated public company is not working,” Jessica Reif Ehrlich writes in a note to clients
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Warner Bros. Discovery Begins Layoffs Across Production, Business Affairs and Finance
The latest cost-cutting measures will impact a “significantly lower” number of employees than previous rounds
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Tyler Perry Launches Comedy, Drama FAST Channels With BET
The collaboration between the writer-producer and the network comes fresh off extending their partnership through 2028
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Streaming Reaches Record 40.3% of Total TV Usage in June, Boosted by Younger Audiences
Disney+, Netflix, Tubi and Max all notched double-digit gains during the month, according to Nielsen’s latest Gauge report
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