Business
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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
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John Malone Steps Down From Charter Communications Role Due to Concern Over Antitrust Law
The director emeritus’ exit follows that of two WBD execs earlier this month, following a Department of Justice inquiry
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‘FBI’ Showrunner Stepping Down After 6 Seasons
Rick Eid, who has served in the role since the series’ debut, is shifting his focus to running “Law & Order” and new projects
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Netflix Shares Sink 7% as Disappointing Forecast Weighs on Shares
Increased subscribers gave the streamer a nearly 15% first-quarter revenue jump, but Wall Street saw its full-year guidance as weak
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David Zaslav’s Pay Rose 26.5% to Nearly $50 Million in 2023
The hefty raise came as Warner Bros. Discovery slashed spending and enacted layoffs
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Showdown on the Croisette: Michael Kassan to Take on His Ex-Firm MediaLink at Cannes Lions
The former CEO now involved in an epic legal battle with MediaLink owner UTA will make a personal comeback at the June ad fest
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Could a Sony-Apollo Joint Bid Stop a Paramount Shareholder Revolt? | Analysis
But for now, Skydance Media still has until May 3 to turn exclusive talks with the studio into a deal.
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Netflix 2023 Executive Pay: Ted Sarandos Dips to $49.8 Million, Greg Peters Tops $40 Million
Ex-CEO Reed Hastings, who serves as executive chairman, received $11.2 million for the year, down from $51 million in 2022
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Sony and Apollo in Talks for Joint Paramount Bid
The two companies may submit a competing bid after Paramount’s exclusivity window with Skydance expires
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Paramount-Skydance Deal Unlikely to Close in 30-Day Window, Due Diligence Continues | Exclusive
The deal, which requires approval by the Paramount board, is likely to take closer to 60 days, an insider tells TheWrap
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Business
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Netflix Q1 Revenue Surges 14.8% to $9.3 Billion, Driven by Boost in Subscribers, Pricing Changes
The streamer’s shares slipped as much as 5% in after-hours trading on Thursday
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Business
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On-Location LA Filming Drops 8.7% in Q1
Los Angeles’ post-strike production rebound has taken eight to 10 weeks to materialize, according to FilmLA
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Telemundo Elevates Ronald Day to President of Telemundo Studios, Names Javier Pons as EVP
Day has spearheaded production on “La Casa de los Famosos,” “Los 50,” “Exatlon,” “Top Chef VIP,” the Billboard Latin Music Awards, Miss Universe and more
