Business
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Paramount Office of the CEO Gets Severance Protection as Shari Redstone Weighs Options
Execs Chris McCarthy, Brian Robbins and George Cheeks are eligible for enhanced benefits and cash bonuses in the event the media conglomerate is sold
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Edgar Bronfman Jr., Bain Capital Eyeing $2 Billion Bid for Shari Redstone’s National Amusements | Report
The former Warner Music Group CEO is looking to offer up to $2.5 billion for the holding company, The Wall Street Journal reports
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Shari Redstone Receives Fewest Votes in Paramount Board Election
The media conglomerate’s controlling shareholder also received the most ‘against’ votes as she weighs Skydance Media takeover
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Warner Bros. Discovery Acquires US Rights to French Open
The tennis tournament will air on WBD’s cable networks, Max and the Bleacher Report digital sports hub beginning in 2025
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Congress Details Collusion and Consumer Privacy Concerns Over Venu Sports Streaming Venture in New Letter
Reps. Jerry Nadler and Joaquin Castro also asked for the methods Fox, Warner Bros. Discovery and Disney may use to determine pricing for the service
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Nvidia Overtakes Apple as World’s Second-Most Valuable Company
The AI boom fuels the chipmaker, now behind only Microsoft
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CAA Names Darryl Eaton, Emma Banks and Rick Roskin as Co-Heads of Global Touring
“With the most talented team of agents ever at one agency, and serving the most influential artists in the world, we see unlimited opportunities ahead,” the trio says
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Disney’s EMEA Business Posts $731 Million Profit for 2023, Driven by Disney+ and Strong Film Performance
Turnover, which includes licensing, advertising and subscription revenue, was $4.86 billion for the period covering Oct. 2, 2022, to Sept. 30, 2023
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NBA Close to $76 Billion TV Rights Deal With NBC, Amazon and Disney | Report
The league’s deals could translate to a 2.5 times increase in annual fees to an average of nearly $7 billion
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The Brits Invade US Newsrooms With a ‘Killer Instinct’ and Fleet Street Ethics
Robert Winnett, the soon-to-be executive editor of the Washington Post, is the latest British journalist to be put in charge of a U.S. news outlet.
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Sean ‘Diddy’ Combs Sells Majority Stake in Revolt Amid Sex Trafficking and Assault Allegations
The move comes after the rapper and media mogul stepped down as chairman in November
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Paramount Postpones Employee Town Hall as Skydance Merger Talks Continue
The company’s Office of the CEO pushed the meeting to June 25
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Lionsgate, Nielsen Partner for First-Ever FAST Viewership Metrics
The studio’s MovieSphere offering will receive detailed demographic data for the first time
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Max Hikes Prices on Ad-Free Tiers
Effective Tuesday, the streamer will charge $16.99 per month for its Ad-Free tier and $20.99 for its Ultimate Ad-Free tier
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Paramount Office of the CEO Plan Includes Streaming Partnerships, Cost Cuts and Divesting Assets
The executives’ presentation comes as controlling shareholder Shari Redstone decides whether to accept a takeover offer from David Ellison’s Skydance Media