Business
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Fox Corporation Taps Kathy Kelly-Brown to Lead Ad Sales Comms
The former NBCUniversal and Warner Bros. TV executive will report to the media giant’s ad sales president Jeff Collins
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NBA’s $76 Billion TV Rights Deal Is Setting the Future for Live Sports | Analysis
The battle between Disney, Amazon, WBD and Comcast is about more than just who’s watching the games. It’s about data and globalization
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WrapPRO
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Endeavor Swings to Net Loss of $303.5 Million in Q1
Executives will not hold an earnings call due to a pending take-private transaction with Silver Lake, which will close by the end of Q1 2025
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Business
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Warner Bros. Discovery Narrows Q1 Net Loss 10% to $966 Million, but Studio Profit Drops 70%
The streaming segment posted $86 million in profit and added 2 million DTC subscribers for 99.6 million globally
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Business
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AMC Theaters Q1 Revenue Flat Year-Over-Year Amid Weak Box Office
The theater chain reported $951 million in revenue and slashed its net losses by 72% to $163.5 million
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Movies
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News Corp. Q3 Net Income Falls 29% As News Media Advertising Revenue Declines
CEO Robert Thomson warns of rising tide of “AI-fueled falsehoods” in an “era of polarization”
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Media
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Wall Street Turns Its Back on Disney’s Streaming Profit Milestone | Analysis
The company turned a corner but Iger may be settling into a more conservative growth strategy
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Business
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Fox Corporation Ad Revenue Slips to $1.2 Billion, but Q3 Earnings Still Beat Wall Street Expectations
The company’s quarter suffered comparisons to a 2023 frame that included a Super Bowl boost and legal settlement costs in the Dominion case
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News
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New York Times Adds 210,000 Digital Subs, Total Revenue Rises to $594 Million
Digital subscription revenues ticked up 13% to $293 million
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Business
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Apple TV+ Head of Marketing Ricky Strauss Exits After 16 Months
The executive left Disney in 2021 to help lead the tech giant’s division covering original series and films
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What Every Major Media Executive Got Paid in 2023
As Hollywood went on strike, top brass made nearly $642 million in total compensation, 16% more than in 2022, TheWrap’s yearly analysis shows
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Disney Shares Tumble 9% on Softer Q3 Outlook Despite Nearing Streaming Profitability
The House of Mouse warned its entertainment DTC business would swing to a third quarter loss after posting a $47 million profit
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Business
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Apollo CEO Marc Rowan Shrugs Off Regulatory Concerns Over Paramount Bid: ‘These Paths Are Well Trodden’
The private equity firm has made a joint, nonbinding $26 billion all cash offer with Sony Pictures Entertainment
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Paramount Advertising Boss Says Bob Bakish Exit, M&A Uncertainty Is ‘Background’ Noise During Upfront Talks
“The reality is that from the point of view of our partners on the other side, a lot of consistency remains,” John Halley tells TheWrap
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Business
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Paramount Opens Talks With Sony and Apollo for Acquisition
The Paramount board’s special committee met over the weekend on the matter, after allowing an exclusive negotiating window with Skydance Media to lapse
