NYT Columnist Andrew Ross Sorkin and C.E.O. of The Walt Disney Company Bob Iger speak during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images It’s the most wonderful time of the year! It’s the third annual anonymous media and entertainment executive predictions … Read more
Illustration: Garry Brown/IDW All eyes are on Warner Bros. Discovery and Paramount Pictures after the CEOs of each company met Tuesday in New York City to explore a possible merger. According to Axios, Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish and Shari Redstone, who owns Paramount’s parent company, about … Read more
David Zaslav, CEO, Warner Bros. Discovery. Anjali Sundaram | CNBC Warner Bros. Discovery and rival Paramount Global are in early merger talks, a source familiar with the matter told CNBC. Warner Bros. Discovery CEO David Zaslav and Paramount CEO Bob Bakish met Tuesday to discuss the contours of a possible deal, said the source, who … Read more
The Grinch Source: Universal Studios It’s human nature for a new year to bring optimism and hope. For executives, investors and employees in the entertainment and telecommunications industries, 2024 is set to disappoint. Maybe that’s too grinchy. Some things will get better. The actors’ and writers’ strikes are over. The 2024 U.S. presidential election should … Read more
The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Nurphoto| Getty Images Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and Redbird Capital were exploring potentially taking over the media giant. Paramount shares were up more than 12%. The company has a market … Read more
Jakub Porzycki | Nurphoto | Getty Images Media stocks jumped Friday following a Wall Street Journal report that Apple and Paramount Global are in early-stage talks to offer a bundle of the two company’s streaming platforms. The companies have talked about bundling Apple TV+ and Paramount+ in an offering that would cost less than subscribing … Read more
Elon Musk lashed out at large advertisers and Media Matters, a media watchdog group, on Friday after several major brands decided to pause spending on X, the social media platform he owns and runs as CTO. Musk wrote late Friday night, “The split second court opens on Monday, X Corp will be filing a thermonuclear … Read more
A Roku Inc. remote in an arranged photograph in Hastings-on-Hudson, New York, U.S., on Sunday, May 2, 2021. Bloomberg | Bloomberg | Getty Images Media stocks popped on Thursday as Roku’s 30% rally lifted the entire sector. Wall Street celebrated the streaming device company’s third quarter-report Wednesday, in which Roku reported strong trends in content … Read more
Pavlo Gonchar | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Media stocks — A handful of media and studio stocks rose Wednesday after the nearly 150-day writer strike ended. Shares of Warner Bros. Discovery and Paramount Global jumped more than 2.5%, while Comcast added 0.9%. Disney hovered near the … Read more
Striking WGA (Writers Guild of America) members picket with striking SAG-AFTRA members outside Paramount Studios on September 18, 2023 in Los Angeles, California. Mario Tama | Getty Images Hollywood writers and studios have finalized the language of a tentative contract that will lead to the end to a nearly 150-day labor strike. Union leaders “voted … Read more