Business
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NBCUniversal Touts $2.5 Billion Per Year NBA Package: ‘A Testament to Our Breadth and Reach’
“We look forward to putting the weight of our entire company behind our partnership with the NBA for decades to come,” Comcast president Mike Cavanagh told analysts Tuesday
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Netflix Accounted for 8.4% of All Cross-Platform TV Viewing in June, Nielsen Says
The streamer saw an 11.8% increase from the previous month, moving it up to fourth place on the firm’s Media Distributor Gauge
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Peacock Sheds 500,000 Subscribers, Comcast Earnings Dragged Down by Revenue Drop at Studios and Parks
The streamer has 33 million subscribers as it heads into the Olympics starting on Friday
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Spotify Sees Record Profit in Q2 Following Subscription Price Hike and Layoffs
The audio streaming giant reported revenue of €3.81 billion, up 20% year-over-year
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Disney Heiress Abigail Disney Resumes Dem Donations ‘With All My Heart’ to Kamala Harris
She will also hold a fundraiser for the Democratic Party now that President Joe Biden has dropped out of the race
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Warner Bros. Discovery Files to Match Amazon’s $1.8 Billion NBA Deal
The move comes after the league finalized 11-year contracts with the tech giant, NBC and Disney/ESPN
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Prime Video Acquires UK’s Historic Bray Film Studios, Home of ‘Lord of the Rings: Rings of Power’
The streamer’s first post-acquisition production at the space will be “Citadel” Season 2
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Disney Board Director Safra Catz Departs After 6 Years
The Oracle CEO’s exit will reduce the board’s total size to 11 members
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CBS EVP of Comedy Development Jon Koa to Step Down After 3 Years
The executive will not be replaced as Yelena Chak spearheads scripted development at the network
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NBCUniversal Closes 2024-25 Upfront Touting ‘Modest’ Advertising Commitment Growth Boosted by Peacock, Sports, Digital
While no specific figures were given, the streaming service has seen advertiser demand grow 40% over the past three years
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Would Warner Bros. Discovery’s Problems Be Solved by Spinning off Studio and Streaming? | Analysis
While one analyst says the company is in need of “transformative changes,” others argue that a spinoff poses credit and debt risks
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Fox Entertainment Lays Off 30 Staffers Amid Restructuring
“This step was solely related to aligning our business operations,” CEO Rob Wade says in a memo to staff
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Ted Sarandos Says Netflix and YouTube ‘Feed Each Other Very Well’ Despite Competition
However, co-CEO Greg Peters says it would be “hard to imagine” YouTube taking “big creative bets” on creators like Netflix does
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Netflix Doubles Down on Decision to Avoid Bundling, Says It’s Already a ‘Go-To Destination’
The streamer says doing so “limits the benefit” of its offerings
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Netflix’s VP of Ad Sales Pete Naylor to Depart as Streamer Expands Global Reach
The entertainment giant will hire an ad sales head overseeing the U.S. and Canada in his place
