Business
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ValueAct Capital Raked in $95 Million in Fees Managing Disney Pension Fund Assets, Blackwells Capital Says
The firm had no longer managed money for Disney when it built a stake in the entertainment giant last year, according to an individual familiar with the matter
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Trump Tried to Sell Truth Social to Elon Musk | Report
Musk didn’t bite on the offer, but Truth Social’s merger deal to take it public will get a vote next week
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Bill Weinstein and Verve Agency Reach Settlement Over His Firing, Lawsuit Dropped
“The parties have amicably resolved their dispute,” a statement from Verve’s attorney Julie Gerchik reads
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‘Power Book IV: Force’ Showrunner Extends TV Partnership With Lionsgate
Gary Lennon will continue to work with the studio and Starz to expand the “Power” universe
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Lionsgate Stock Jumps 11% on Analyst Upgrade Ahead of Studio Spin-Off
Separately, CEO Jon Feltheimer acquired 100,000 shares of the company’s stock on Thursday
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Entertainment Industry Adds 3,200 Jobs in February
The small gain came as the US added 275,000 jobs overall
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Major Pay TV Operators Shed 5 Million Subscribers in 2023
The figure brings the industry’s total net losses in the past five years to over 20 million, according to Leichtman Research Group
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Bill to Force Sale of TikTok to US Company or Face Ban Moves to the House Floor for Vote
The legislation has the support of the Biden administration
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IATSE Begins Negotiations on Hollywood Basic Agreement With Studios
The talks kicked off on Tuesday as below-the-line unions await an AMPTP health plan counterproposal
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ValueAct Capital Praises Disney’s Efforts to Lean Into Theme Parks, Move Beyond the Streaming Wars
The activist investor, who has an information sharing agreement with the entertainment giant, published a white paper on Thursday
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Disney Sells Out Ad Inventory for 2024 Oscars Telecast on ABC
The rate for a 30-second spot during the telecast ranges between $1.7 million and $2.2 million
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How the Major Streamers Stack Up in Subscribers and Revenue | Charts
Netflix remains king in subscribers and average revenue per user, but Disney and Warner Bros. Discovery are making progress toward profitability
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Charter CEO Isn’t Convinced Fox-Disney-Warner Bros. Discovery Bundle ‘Scratches the Itch’ for Sports Fans
Chris Winfrey noted that the joint venture is an admission that “genre-based packaging is the way to go”
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Sony Pictures Entertainment Promotes Ravi Ahuja to President and COO
The TV chief, who will take on the expanded role effective April 1, will continue to report to chairman and CEO Tony Vinciquerra
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Rooster Teeth to Shut Down After 21 Years
The Roost Podcast Network will continue to operate while Warner Bros. Discovery “evaluates outside interest in acquiring this growing asset,” general manager Jordan Levin said
