David Zaslav, the Chief Executive Officer of Warner Bros. Discovery, finds himself in a precarious position. Since the merger of Discovery with WarnerMedia in 2022, Zaslav has faced challenges in convincing shareholders of the company’s financial worth. The shares of Warner Bros. Discovery have plummeted by approximately 70% since the completion of the merger, indicating
Streaming
The stock market is a dynamic and ever-changing landscape, with opportunities and risks constantly presenting themselves to investors. Recent reports indicate that major players like E.l.f. Beauty, Paramount Global, and Sweetgreen have all seen significant movements in their stock prices, both during regular trading hours and after hours. It is crucial for investors to stay
The narrative surrounding Disney’s media business has shifted drastically in recent years. What was once seen as a financial burden on the company has now turned into a profitable venture. The combined streaming services of Disney, including Disney+, Hulu, and ESPN+, have finally turned a quarterly profit, making $47 million. This is a remarkable improvement
In a recent statement, Sony’s chief financial officer, Hiroki Totoki, announced that the company will not be pursuing a bid for film and TV production group Paramount Global. This decision comes amid reports that Sony has no intentions of submitting a revised offer for Paramount in the future. Totoki emphasized that acquiring Paramount does not
Disney has recently announced that it will be raising prices on its streaming platforms starting mid-October. The price hikes will affect most plans for Disney+, Hulu, and ESPN+, with an increase of $1 to $2 per month. The most expensive plans for Hulu, which include live TV, will see a $6 increase per month. Disney+
Warner Bros. Discovery has declared its intention to exercise its matching rights in response to the NBA’s decision to consider a package of games with Amazon Prime Video. This move comes as part of their effort to maintain their long-standing partnership with the league and ensure continued access to top-quality game coverage and iconic studio
Sportsbooks and daily fantasy operators are gearing up for what is expected to be a significant bump in activity during the upcoming Summer Olympics in Paris. This major international sporting event, scheduled to kick off on July 26, will be the first Olympics to take place since the widespread legalization of gambling in the United
The recent news of Paramount Global agreeing to merge with Skydance marks a significant shift in the entertainment industry. After a monthslong negotiation process filled with twists and turns, the Redstone family will be stepping away from control of the storied movie studio and media company. This decision comes after Paramount’s special committee approved the
The landscape of media acquisitions is ever-evolving, and the latest player to throw their hat in the ring is Barry Diller’s IAC, an internet media and publishing company. Reports have surfaced that Diller is exploring the possibility of acquiring National Amusements Inc., which is the controlling shareholder of Paramount Global. This move could potentially give
The Florida Panthers, the Stanley Cup champions, have recently announced a major change in their TV broadcast home. After signing a multiyear deal with E.W. Scripps, the Panthers will now have their preseason and regular season games, as well as round one of the playoffs, televised on local broadcast networks in Florida. This move marks