Business
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UTA News Co-Heads Urge Media Vets to Be ‘Multi-Platform’ to Survive Shifting Landscape
Office With a View: Marc Paskin and Ryan Hayden predict more journalists will strike a balance between traditional news outlets and independent platforms
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Office With a View
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EchoStar Sheds 43,000 Pay TV Subscribers, Adds 145,000 Sling TV Subscriptions in Q3
The Dish parent has entered into an agreement to sell the satellite TV giant to rival DirecTV in a deal for $1 and $9.75 billion in debt
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WrapPRO
Available to WrapPRO members
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Disney Expands CEO Search to External Candidates, Including EA’s Andrew Wilson
The entertainment giant plans to announce Bob Iger’s successor in early 2026
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MyFree DirecTV Launches With Over 70 FAST Channels
Sign-ups for the FAST service launch on Roku start today and will be available across Amazon Fire, Android and Apple devices this week, as well as via the DirecTV app
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Netflix’s Ad Tier Explodes to 70 Million Monthly Users Globally
The milestone for the streamer comes as it sold out in-game inventory for its Christmas Day NFL games
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Chris Wallace Quits CNN to Pivot to Streaming, Podcasting
The veteran journalist is ending his three-year tenure at the network to be “where the action seems to be”
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Endeavor to Sell OpenBet, IMG Arena in $450 Million Management Buyout Backed by Ari Emanuel
The deal, which also includes participation from executives including OpenBet CEO Jordan Levin, will be financed through a mix of cash and debt
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Founder Henry Blodget Set to Leave Business Insider’s Board
He previously stepped down from his role as CEO in 2023
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Sony Raises 2024 Sales Outlook As Gaming Boosts Q2 Revenue to $19 Billion
The company posted a 69% increase in net income and 3% boost in revenue for its second quarter of 2024, weighed down by lower results at Sony Pictures Entertainment
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WrapPRO
Available to WrapPRO members
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AMC Networks’ Profit Drops 35% Due to Challenging Ad Market and Decrease in Affiliate Business
Streaming subscribers grew 5% in the third quarter of 2024 and now total 11.8 million
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Available to WrapPRO members
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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WrapPRO
Available to WrapPRO members
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Lionsgate CEO Dissects ‘Borderlands’ Bust: ‘Everything That Could Go Wrong Did Go Wrong’
Amid a deep box office slump, Jon Feltheimer believes Lionsgate’s problems are a quality issue and not with its business model
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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WrapPRO
Available to WrapPRO members
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Nexstar Reduces CW Operating Losses by $119 Million, Surpassing Expectations
The network’s operating losses were also reduced by $36 million year-over-year
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Under Trump 2.0, Hollywood Sees a Wave of Consolidation and Looming Censorship
His reelection comes at a precarious moment for Hollywood, when legacy studios are severely tightening their belts
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Available to WrapPRO members