Striking members of the Writers Guild of America (WGA) have gathered outside Netflix offices in Los Angeles as the industry faces numerous challenges. Traditional TV is on the decline, ad revenue is weak, and streaming services are not generating profits. The work stoppage by actors and writers unions is expected to be prolonged and contentious. …
The U.K. competition regulator has announced a six-week extension for its review of Microsoft’s acquisition of Activision Blizzard. This extension will allow the regulator more time to thoroughly examine the proposals put forward by both parties to address the concerns raised during the initial review. The regulator had initially paused its efforts to block the …
In a recent interview on CNBC, Disney CEO Bob Iger revealed that the company is adopting a more measured approach when it comes to producing movies and TV series for its Marvel Studios and Lucasfilm franchises. This decision comes as Disney aims to cut costs amidst underwhelming box office performances of its recent films across …
Disney CEO Bob Iger has expressed openness to selling the company’s linear TV assets as the media industry shifts towards streaming and digital offerings. In an interview with CNBC, Iger acknowledged the challenges faced by the company and highlighted the need to assess the traditional TV business. While Disney owns various TV networks, Iger stated …
Sign-carrying members of SAG-AFTRA walk the picket line outside Netflix offices in Los Angeles on July 11, 2023. Mario Tama | Getty Images News | Getty Images Another strike looms over Hollywood, as talks between the Screen Actors Guild – American Federation of Television and Radio Artists (SAG-AFTRA) and the Alliance of Motion Picture and …
Packages of Beyond Meat Inc.’s plant-based products, Beyond Burger and Beyond Sausage, are displayed at a supermarket in Katwijk, Netherlands, Nov. 19, 2020. Yuriko Nakao | Getty Images Discover the companies generating buzz in premarket trading. Roku — The leading streaming provider experienced a 2% increase prior to market opening. Recently, the company forged a …
After failing to reach a contract resolution with the studio association, over 11,000 film and television writers are currently on strike. The recent negotiations in the Writers Guild of America contract discussions have drawn attention to artificial intelligence, a nascent technology that has fueled dissent among the negotiators. Justine Bateman, a member of the writers, …
A striking banner displaying the logo of online image board Pinterest Inc. hangs proudly from the New York Stock Exchange. This was taken on the memorable day when Pinterest made its initial public offering, April 18, 2019. Spencer Platt | Getty Images News | Getty Images Discover the companies driving the major market movements during …
The media industry has experienced its fair share of highs and lows, and currently, it finds itself in a low point. Media executives had high hopes for a rebound in 2023 after a disappointing 2022, but their expectations have gone unmet. Streaming slowdowns led to a decline in valuations for major players like Netflix, Disney, …
The capital of Vilnius in Lithuania is set to become the new tech capital of the Baltics with the construction of a massive tech campus, inspired by renowned British renovation projects like the Battersea Power Station and the Tate Modern art gallery. The project, undertaken by Lithuanian infrastructure firm Tech Zity, will span 55,000 square …