Charter Communications CEO Chris Winfrey is advocating for the survival of the pay-TV bundle while also proposing a new model for the industry. This comes after Disney-owned networks went offline on Charter’s Spectrum service due to a dispute over rising fees. Winfrey believes that the pay-TV model is broken and that the industry needs to …
Barry Diller, the chairman of IAC and Expedia, as well as a former top executive at Fox, Paramount, and ABC Entertainment, is urging the Hollywood studios to put an end to the dual writers and actors strikes. According to Diller, if the strikes continue, it could have catastrophic consequences for the industry, particularly for legacy …
Simpson33 | Istock | Getty Images The decline of traditional TV continues, even as the prices of streaming services rise. In July, total traditional TV usage (including broadcast and pay-TV) dropped below 50% for the first time ever, according to Nielsen’s monthly streaming report, The Gauge. Pay-TV usage fell to 29.6%, while broadcast dropped to …
A man wearing a mask passes by a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Banks – Major Wall Street banks experienced a decline in midday trading following a report from CNBC stating that Fitch Ratings may downgrade the health of …
Wendy McMahon has been appointed as the CEO and president of CBS News. This promotion expands McMahon’s previous role as co-president, granting her sole oversight over CBS News and its stations. Previously, McMahon shared responsibilities with Neeraj Khemlani, who recently announced his departure. As co-president since 2021, McMahon and Khemlani were jointly responsible for managing …
A UPS worker inspects an Amazon package for delivery in New York. Eduardo Munoz | Reuters Explore the trending companies in premarket trading. Sagimet Biosciences — Shares of the biopharmaceutical company surged 31% following an upgrade from Goldman Sachs. The firm emphasized Sagimet’s potential for significant gains due to advancements in its treatment for nonalcoholic …
Paramount Global has agreed to sell book publisher Simon & Schuster to private equity giant KKR for $1.62 billion, according to the media company’s earnings report. This move comes after Paramount’s previous deal with Penguin Random House fell through due to a federal judge’s rejection and concerns from the government. The sale of Simon & …
Beyond Meat introduces its Cookout Classic value pack. Beyond Meat, a leading plant-based meat company, has launched its Cookout Classic value pack, providing customers with an affordable option for grilling season. The pack includes 10 plant-based burgers, making it easier to enjoy meat-free alternatives during summer cookouts. Discover the latest news from these companies after …
Barbie The Movie Courtesy: Warner Bros. “Barbie” is set to join the prestigious billion-dollar club this Sunday. The delightful bubblegum pink film, produced by Warner Bros. Discovery and Mattel, is estimated to surpass $1 billion in global ticket sales before the end of the weekend. The final figures will be announced on Monday. Reaching this …
Hasbro, the Rhode Island-based toymaker, has announced the sale of Toronto-based production studio eOne to Lionsgate for $500 million. The deal includes $375 million in cash and the assumption of production financing loans. This move allows Hasbro to pay down its floating rate debt and refocus on its toy and game businesses. Without eOne, Hasbro …