Business
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Paramount Global Sells Viacom18 Stake to Reliance Industries for $517 Million
The media giant will continue to license content to the India-based company
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Trian Slams Disney’s ‘Scorched Earth’ Board Campaign as One ‘Calculated to Distract Shareholders’ From Studio Problems
The activist investor further accuses Disney of “manipulating its analysis of Trian’s contributions to portfolio companies” in a Wednesday memo
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Michael Kassan Accused of Using Millions of UTA Money for Private Jets, Chauffeur’s Rent, Luxury Gifts
The MediaLink power broker and UTA trade explosive lawsuits over his lavish expenses
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Over 15,000 Roku Accounts Compromised in Data Breach
Hackers gained access through login credentials obtained by third-party sources and in some cases tried to buy streaming subscriptions
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Scholastic Entertainment Invests $186 Million in 9 Story Media Group
The two companies are longtime collaborators on multiple animated series
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ValueAct Capital Raked in $95 Million in Fees Managing Disney Pension Fund Assets, Blackwells Capital Says
The firm had no longer managed money for Disney when it built a stake in the entertainment giant last year, according to an individual familiar with the matter
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Trump Tried to Sell Truth Social to Elon Musk | Report
Musk didn’t bite on the offer, but Truth Social’s merger deal to take it public will get a vote next week
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Bill Weinstein and Verve Agency Reach Settlement Over His Firing, Lawsuit Dropped
“The parties have amicably resolved their dispute,” a statement from Verve’s attorney Julie Gerchik reads
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‘Power Book IV: Force’ Showrunner Extends TV Partnership With Lionsgate
Gary Lennon will continue to work with the studio and Starz to expand the “Power” universe
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Lionsgate Stock Jumps 11% on Analyst Upgrade Ahead of Studio Spin-Off
Separately, CEO Jon Feltheimer acquired 100,000 shares of the company’s stock on Thursday
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Entertainment Industry Adds 3,200 Jobs in February
The small gain came as the US added 275,000 jobs overall
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Major Pay TV Operators Shed 5 Million Subscribers in 2023
The figure brings the industry’s total net losses in the past five years to over 20 million, according to Leichtman Research Group
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Bill to Force Sale of TikTok to US Company or Face Ban Moves to the House Floor for Vote
The legislation has the support of the Biden administration
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IATSE Begins Negotiations on Hollywood Basic Agreement With Studios
The talks kicked off on Tuesday as below-the-line unions await an AMPTP health plan counterproposal
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ValueAct Capital Praises Disney’s Efforts to Lean Into Theme Parks, Move Beyond the Streaming Wars
The activist investor, who has an information sharing agreement with the entertainment giant, published a white paper on Thursday
