Business
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Lionsgate Board Approves Collapse of Dual-Class Stock Share Structure
If approved by shareholders, the move would give Class A voting shares a 12% premium as part of the process
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Warner Bros. Discovery Sues Over NBA’s ‘Unjustified’ Rejection of Matching Rights Proposal
A league spokesperson says WBD’s claims are “without merit” and that their lawyers will address them
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Charles Barkley Laments Warner Bros. Discovery’s NBA Loss: ‘Not Sure TNT Ever Had a Chance’
“It’s a sad day when owners and commissioners choose money over the fans,” the ‘Inside the NBA’ analyst added
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Barry Diller Says IAC Bid for Paramount Is Over
“It is unwise to get in an auction with someone who has a pretty much unlimited balance sheet,” the executive says of the Ellison family
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Paramount-Skydance Merger Could Cost Shareholders $1.65 Billion in Damages, Class-Action Lawsuit Argues
Scott Baker, who owns over 40,000 Class B shares, says the deal is designed to cash out Shari Redstone at a substantial premium
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Move Over Mark Cuban, Vince Vaughn Owns a Pickleball Team Now
The “Wedding Crashers” and “Bad Monkey” star has taken a majority stake in California’s Coachella Valley Scorpions
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Warner Bros. Discovery Stock Plunges Over 6% on NBA TV Rights Loss
Macquarie Research, which downgraded the stock Thursday, argued that while WBD intends to litigate the decision, it’s “hard to see an amicable endgame”
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Disney+, Hulu and Max Bundle Launches: Here’s How Much It Costs
The offering is available to new and existing subscribers for $16.99 per month with ads and $29.99 per month without ads
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Imax Revenue Slides 9% Year-Over-Year to $89 Million Amid Q2 Box Office Slump
But the premium format company’s stock popped on another Wall Street estimates beat
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Business
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NBA Makes Its $76 Billion Call: Deals Set With Disney, NBCUniversal and Amazon as WBD Rejected
Warner Bros. Discovery says the league has “grossly misinterpreted” its contractual matching rights and that it will “take appropriate action”
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20th Television Names Jillian Longnecker and Brendan Countee as Production, Comedy Development Execs
Longnecker has been named EVP of production, while Countee joins as head of comedy development
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NBCUniversal Is Counting on Olympics to Help Struggling Peacock — Here’s How the Company Is Going for the Gold
The streamer will air over 5,000 hours of the network’s coverage as NBCU looks to overcome falling linear viewership
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YouTube Ad Revenue Rises 13% to $8.66 Billion in Q2
Google subscriptions, platforms and devices revenue, which includes YouTube TV, Music, Premium and NFL Sunday Ticket, grew 14%
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Netflix Taps Epic’s Alain Tascan as Games President
The executive joins the streamer as its gaming division has launched over 100 titles, with over 80 more in development
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How the Find Your People Program Uses Issa Rae’s ‘Network Across’ Mantra to Build Sustainable Careers for Emerging Creatives of Color
What started as an industry mixer from ColorCreative has become a source for Hollywood productions that need to “crew up”
