Business
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Sage Steele Settles Lawsuit With ESPN, Exits Network After 16 Years
The longtime “SportsCenter” anchor wrote the departure would allow her to “exercise my first amendment rights more freely”
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How the Streamers Stack Up Right Now in Subscribers and Revenue | Charts
Netflix extended its lead in customers during the second quarter, but its competitors continued to narrow the gap on average revenue per user
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Wendy McMahon Set as New President and CEO of CBS News and Stations, Media Ventures
The change follows the departure of Neeraj Khemlani, who signed a first-look deal with the network, and retirement of CMV’s Steven LoCascio
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Double Strike’s Impact on Hollywood Supply Chain Is ‘Real and Dire,’ Post-Production Trade Group Warns
“Organizations indispensable to the creation of media are cutting staff… and in some cases, even risk closing,” the Hollywood Professional Association writes
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‘The Big Short’ Actor Jay Potter Dismisses Bob Iger’s Strike Pivot: ‘It’s Junk Words Until There’s Action’ (Video)
The Disney CEO, who previously called the unions’ demands “unrealistic,” told analysts on Wednesday that he’s “personally committed” to resolving things
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News Corp. Reports Mixed Results for Q4
Tough housing market, weak book sales leads to revenue miss at $2.43 billion while earnings beat expectations
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Star Wars: Galactic Starcruiser Writedowns Partially Blamed for Disney Parks Woes
The hotel could have cost the company as much as $1 billion
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Bob Iger Says Potential Disney Sale Is ‘Not Something That We Obsess About’
“Obviously anyone who wanted to speculate about such things would have to immediately consider the global regulatory environment,” the executive tells analysts Wednesday
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Disney Reports Mixed Q3 Results As Disney+ Sheds 300,000 Subscribers in U.S. and Canada
The entertainment giant reported adjusted earnings of $1.03 per share on revenue of $22.3 billion
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Netflix Closes First Upfront Talks With Advertisers, Total Commitments ‘In Line With Expectations’
The streamer’s ad-supported tier has grown to over 10 million monthly active users, doubling since its presentation to advertisers in May
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‘Spider-Verse’ Can’t Save Sony Pictures’ Q1 Profits From Dropping to $111 Million
Strong theatrical earnings were offset by decreased revenues from TV and streaming
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AMC CEO Says Stock Conversion Plans Are Vital to Theater Chain’s Future
On Tuesday’s earnings call, Adam Aron says the company “has some serious liquidity issues to solve”
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New York Times Sees 6.3% Revenue Rise as Digital Subscriptions Near 10 Million
The newspaper posted second-quarter revenue of $590.9 million, with digital and print subscription revenue improving 6.8 percent
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Endeavor Forecasts Revenue Hit of $25 Million per Month From Double Strike
“We continue to stand with our clients, advocate on their behalf and push for a resolution that protects their creative and commercial interests,” CEO Ari Emanuel said Tuesday
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BuzzFeed Burning Through Cash, Misses Estimates in Q2 With $77.9 Million in Revenue
The struggling media company reports a net loss for the second quarter of $27.8 million
