Business
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Paramount Q4 Revenue Falls 6% to $7.63 Billion, Dragged Down By 11% Decline in Ad Revenue
The media conglomerate narrowed its streaming losses to $490 million, says it expects domestic profitability in 2025
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Available to WrapPRO members
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Disney, Reliance Industries to Merge India Businesses in $8.5 Billion Deal
Disney will take a 37% ownership stake in the joint venture, while Reliance and its affiliates will own 63%
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Endeavor Q4 Revenue Grows 25% to $1.58 Billion, Boosted by Owned Sports Properties, Representation Divisions
The talent and media agency holding company continues to undergo a review of strategic alternatives as majority owner Silver Lake works towards a proposal to take it private
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WrapPRO
Available to WrapPRO members
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Paramount to Report Earnings After Sale Speculation
Paramount earnings preview: The media conglomerate will deliver its fourth quarter results for 2023 after the bell on Wednesday
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
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Imax Revenues Fall 12% to $86 Million in Q4 on Box Office Downturn
While a lack of big blockbusters was felt, the premium movie exhibitor still reported flat earnings of 5 cents per share, as adjusted net income fell 12%
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Warner Bros. Discovery Halting Merger Talks With Paramount Global | Report
The move comes after CEOs David Zaslav and Bob Bakish met in December to discuss the matter
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Sony Playstation to Lay Off 900 Staff in US and Europe
The gaming unit’s 8% workforce reduction includes U.S. cuts at Insomniac Games and Naughty Dog; London studio shuttering
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CNN Pays Don Lemon $24.5 Million to Settle Anchor’s Network Ouster | Exclusive
The former primetime anchor was ousted 10 months ago after butting heads with “CNN This Morning” cohosts
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Streaming Revenue Will Overtake Pay TV This Year, Research Firm Predicts
Ampere Analysis believes ad-supported streaming revenue will pass $9 billion in the U.S. this year, bolstered by Prime Video’s new ad tier offering
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Blackwells Capital Calls on Disney to Prioritize Artificial Intelligence, Spatial Computing
The activist investor believes the technologies could be leveraged for character meet and greets, travel booking, crowd control and navigating theme park visits
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Whoopi Goldberg to Develop Exclusive Programming for New Black-Owned Streamer BLKFAM
The actress and comedian joins the free, ad-supported platform from former WarnerMedia exec Larry Adams as an equity partner
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Paramount Placed on Negative Credit Watch by S&P Global
The move indicates a lack of faith in the studio’s transition from traditional TV to streaming
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Warner Bros. Discovery Shares Dive 13% on Q4 Results
The stock hit its lowest point since the company was created in 2022 following the disappointing report
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Engadget Lays Off 10 Staffers in Latest Media Contraction
Editor-in-Chief Dana Wollman and Managing Editor Terrence O’Brien are among those let go at the tech-focused site
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Max Will Be Available in Bundle With Mega Sports App, David Zaslav Says
Warner Bros. Discovery CEO confirms that joint venture app with Fox and Disney will access non-sports content
