Business
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Strong Q3, Solid Outlook Push Roku Shares Up 21%
The results got mixed reviews from analysts, but traders sent the stock soaring
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HBO’s Casey Bloys Apologizes for Using Fake Twitter Accounts Against TV Critics: ‘A Very, Very Dumb Idea’
“Obviously, nobody wants to be part of a story that they have nothing to do with,” the programming executive told reporters Thursday
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NBCUniversal Cashes in on Reality TV With BravoCon’s Las Vegas Debut
The sold-out fan event will bring in $13.75 million+ in estimated ticket revenue from 25,000+ attendees, and millions more from sponsors
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Fox Corp. Beats Wall Street Expectations With Q1 Revenue of $3.21 Billion
The media company reports 82 cents in earnings per share for its first fiscal quarter of 2024
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Roku Shares Surge 17% on Q3 Revenue Beat, Upbeat Q4 Guidance
The streamer and hardware maker’s revenue grew 20% year over year to $912 million
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The Return of Activist Investor Nelson Peltz, the ‘Major Thorn’ in Disney’s Side
Boosted by a stock infusion from former Marvel exec Ike Perlmutter, the Trian Fund Management founder is pushing for multiple seats on Disney’s board
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Netflix Ad Tier Hits 15 Million Monthly Active Users Globally
The milestone coincides with the one-year anniversary of the streamer’s offering
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Warner Bros. Discovery HR Chief Adria Alpert Romm to Retire
The executive, who’s served by CEO David Zaslav’s side for over 30 years, will be succeeded by WPP’s global chief people officer Jennifer Remling
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KKR Closes $1.62 Billion Purchase of Simon & Schuster
The book publisher is now a standalone company for the first time since 1975 after Paramount Global sale
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Israeli Government Denies Press Credential for Rolling Stone Reporter: ‘Not a News Organization’
“We are not dealing with this gentleman, thank you,” Prime Minister Netanyahu’s foreign press director says
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AMC Networks to Air Disney’s Scrapped ‘20,000 Leagues’ Series ‘Nautilus’
The 10-episode live-action series will also stream in 2024
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Ike Perlmutter Backs Nelson Peltz in Renewed Board Seat Push at Disney
The former Marvel Entertainment chairman says he “can no longer watch the business underachieve its great potential”
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Mark Zuckerberg Is Coming for Sam Altman and OpenAI
A fierce, underrated, and full-contact battle is brewing between the social networking company and the formidable AI upstart.
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AI Dominates Tech Earnings, Highlighting Competitive Advantages | Analysis
Alphabet, Meta and Amazon touted advertising efficiencies from AI initiatives and boasted about their dizzying pace of innovation
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Disney’s Rita Ferro Elevated to Global Advertising President
The move comes ahead of the one-year anniversary of Disney+’s ad-supported tier
