Business
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David Zaslav Touts ‘Opportunity for Consolidation’ Under Trump Administration
“That would provide a real positive and accelerated impact on this industry that’s needed,” the Warner Bros. Discovery CEO says
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant’s overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% dip in profit
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TV
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AMC Theatres Revenue Slides 5% Despite ‘Deadpool 3’ Boost
The theater chain posted its second-highest EBITDA ever in Q3 and narrowed losses to 6 cents per share
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Jeff Bezos Congratulates Trump on ‘Extraordinary Political Comeback’
“Wishing Donald Trump all success in leading and uniting the America we all love,” the Amazon founder said in a Wednesday X post
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Trump’s Truth Social Stock Sees Erratic Crash, Spike in Wild Election Day Ride
DJT shares jumped as much as 18.7% — before being halted following a 15% drop and later closing slightly down
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Fubo Says Disney, Fox and WBD Structured Venu Sports Bundle to Destroy Any Potential Competition
“Its artificial advantage will capture hundreds of thousands of subscribers and tens of millions of dollars from Fubo alone,” the streamer writes
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‘Crazy Rich Asians’ and ‘Anyone But You’ Producer SK Global Hit by Layoffs
Roughly 20 employees were affected across multiple departments
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LeBron James’ SpringHill in Talks to Merge With ‘The Kardashians’ Producer Fulwell 73
The move would combine the companies’ portfolios in unscripted and live programming and resources across Europe and the U.S.
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Shari Redstone to Exit Paramount Global Board of Directors After Skydance Merger
The non-executive chair has the option of joining New Paramount’s board, but does not plan to, an individual familiar with her plans tells TheWrap
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How Comcast’s Cable Spinoff Could Fuel Media Consolidation | Analysis
The decision to cut the cord is a chance to roll up other distressed linear TV assets, but the move would face its own challenges
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Legendary Names Blair Rich Chief Marketing and Commercial Officer
The exec had been advising the company for the past year on the marketing of “Dune: Part Two” and “Godzilla x Kong”
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New York Times Adds 260,000 Digital Subs, Boosts Profits by 19.6%
The media company spent another $4.6 million on litigation related to its suit against Microsoft and Open AI over copyright infringement
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Political Ads Drive Fox Revenue to 11% Increase
The continued growth of Tubi and Fox Sports’ “Summer of Soccer” also contributed to the year-over-year jump
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Warren Buffett’s Berkshire Hathaway Continues Selling Off Apple Stock
The investment titan’s company remains the iPhone manufacturer’s largest stockholder
