Business
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‘Dune 2’ Can’t Save Imax From 9% Year-Over-Year Drop in Q1 Revenue
While the premium format had a fruitful March, it was preceded by a winter slump that consumed the box office
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Movies
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Comcast Shares Tumble Over 6% Despite Earnings Beat as Company Bleeds Pay TV and Broadband Subs
Meanwhile, Peacock narrowed its streaming loss to $639 million while hitting 34 million subscribers
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Business
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Ari Emanuel Received $65 Million Pay Package From 2023 TKO Deal
The WWE and UFC owner disclosed the executive’s compensation in its proxy filing published Wednesday
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Wall Street Flashes Concerns Over Meta’s Expensive Push Into AI Development
Despite beating estimates and doubling its Q1 net income to $12.37 billion, the tech company’s shares fell 16% in after-hours trading
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News
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AMC Theaters Expands Distribution Team After Taylor Swift Success
The theater chain has hired Fandango marketing chief Stephanie Terifay as its new VP of Distribution
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Mattel TV Hires Sidney Clifton, Amy Suh, Cory Bennett Lewis as Department Heads
The trio of new executives will report to Mattel Television Studios’ global head Michelle Mendelovitz
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PBS Launches Ad-Supported Classic TV Channel on Roku | Exclusive
PBS Retro will feature series from the 1970s, ’80s and ’90s, including “Thomas & Friends” and “Mister Rogers’ Neighborhood”
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US Chamber of Commerce Sues to Stop Ban on Noncompete Agreements
The action seeks to block the FTC’s 3-2 vote to ban noncompete provisions for all workers
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Lionsgate Television, Gary Goodman Strike New Multi-Year Deal
The executive will continue to oversee production on the studio’s slate of scripted series as well as its East Coast TV production facilities
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X to Launch TV App in Quest for More Video Viewers
A release date is not set for the app, which will enable users to cast video to television sets
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Range Media Partners Secures Minority Investment From Liberty Global, Wildcat Capital Management, Playground Productions
The investment will go towards strategic acquisitions and other growth initiatives
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David Ellison May Be a Daredevil. But Is He Ready to Run Paramount?
The Skydance CEO is a born risk-taker and now the Paramount deal makes him set to be one of the most powerful people in Hollywood
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Spotify Shares Jump 12% as Streamer Swings to Q1 Profit
The Swedish company credited its growing list of offerings, including videos and audiobooks, for the strong results despite slowing subscriber growth
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Disney Entertainment Chief Technology Officer Aaron LaBerge to Step Down After 20 Years
The executive will join PENN Entertainment in June, which operates ESPN’s online sportsbook
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New York Judge Sets Hearing for Fubo, Fox-Disney-WBD Sports Streaming Legal Fight
The preliminary injunction hearing has been set for Aug. 7
