Business
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Disney Grandchildren Praise Bob Iger for Being ‘Faithful’ to Brand’s Magic, Reject Nelson Peltz Board Noms
“These hedge-fund-backed opportunists … have little to no knowledge of what Disney truly means,” a joint letter to shareholders reads
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Oprah Exits Weight Watchers Board After Weight-Loss Medication Use Reveal
The billionaire media titan said she will donate her shares in the company to the National Museum of African American History
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Regulators Probe Whether OpenAI CEO Shuffle Misled Investors
Sam Altman’s short-lived firing under the scrutiny of the Securities and Exchange Commission
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Paramount Global Races to Make Streaming a Profit Center – But the Clock Is Ticking | Analysis
The scale of linear TV losses has stunned Wall Street and Paramount is running out of time to go it alone
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Available to WrapPRO members
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Lionsgate TV Cuts More Than 50% of Overall Deals After Acquiring eOne From Hasbro
The move comes as the company prepares to split from Starz
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Taylor Swift, Beyoncé Concert Films Boost AMC Theaters Q4 Revenues as Chains Cut Losses 37% to $182 Million
CEO Adam Aron says the concert flicks delivered “literally all” of AMC’s revenue boost
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Paramount Q4 Revenue Falls 6% to $7.63 Billion, Dragged Down By 11% Decline in Ad Revenue
The media conglomerate narrowed its streaming losses to $490 million, says it expects domestic profitability in 2025
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Available to WrapPRO members
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Disney, Reliance Industries to Merge India Businesses in $8.5 Billion Deal
Disney will take a 37% ownership stake in the joint venture, while Reliance and its affiliates will own 63%
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Endeavor Q4 Revenue Grows 25% to $1.58 Billion, Boosted by Owned Sports Properties, Representation Divisions
The talent and media agency holding company continues to undergo a review of strategic alternatives as majority owner Silver Lake works towards a proposal to take it private
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Available to WrapPRO members
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Paramount to Report Earnings After Sale Speculation
Paramount earnings preview: The media conglomerate will deliver its fourth quarter results for 2023 after the bell on Wednesday
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Imax Revenues Fall 12% to $86 Million in Q4 on Box Office Downturn
While a lack of big blockbusters was felt, the premium movie exhibitor still reported flat earnings of 5 cents per share, as adjusted net income fell 12%
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Warner Bros. Discovery Halting Merger Talks With Paramount Global | Report
The move comes after CEOs David Zaslav and Bob Bakish met in December to discuss the matter
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Sony Playstation to Lay Off 900 Staff in US and Europe
The gaming unit’s 8% workforce reduction includes U.S. cuts at Insomniac Games and Naughty Dog; London studio shuttering
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CNN Pays Don Lemon $24.5 Million to Settle Anchor’s Network Ouster | Exclusive
The former primetime anchor was ousted 10 months ago after butting heads with “CNN This Morning” cohosts
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Streaming Revenue Will Overtake Pay TV This Year, Research Firm Predicts
Ampere Analysis believes ad-supported streaming revenue will pass $9 billion in the U.S. this year, bolstered by Prime Video’s new ad tier offering
