Business
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Apple Reaches Over 1 Billion Paid Subscriptions as Services Revenue Hits Record in Q3
The tech giant reports $81.8 billion in revenue, above Wall Street expectations, as it touts Emmy nominations and MLS deal for Apple TV+
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Amazon’s Everything Store Keeps Getting Bigger With $134.4 Billion in Q2 Revenue
Along with its 68 Primetime Emmy nominations, the company stacked up $6.7 billion in net income for the quarter
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Leap in Content Licensing Revenue Helps Narrow WBD’s Streaming Loss
The company’s DTC division reported $410 million in licensing revenue, more than triple last year’s sales, after offering shows like “Westworld” to rivals
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Warner Bros. Discovery Misses Q2 Expectations, Loses 1.8 Million DTC Subscribers Amid Max Rebrand
The media giant reported a net loss of 51 cents per share on revenue of $10.36 billion
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Warner Bros. Discovery Head of Research Tania Missad to Exit | Exclusive
The executive departs amid a potential restructuring of the department
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TV
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WWE’s Vince McMahon Protests Innocence After Federal Raid Revealed
Agents executed a search warrant and served the executive chairman with a subpoena in July, the company disclosed alongside its quarterly earnings results
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Legendary Entertainment Taps Jason Clodfelter to Lead TV Division
The Sony Pictures Entertainment veteran will develop new scripted and limited series across all platforms
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Meryl Streep, Oprah Winfrey, Leonardo DiCaprio and More Donate Millions to SAG-AFTRA Foundation Amid Strike
Other A-list donors include George and Amal Clooney, Hugh Jackman and Deborra-lee Furness and Ryan Reynolds and Blake Lively
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Why ‘Barbie’ May Not Be Enough to Put Warner Bros. Discovery Back in the Pink
David Zaslav is likely to tout the Margot Robbie-led film’s recent success as he reports earnings Thursday – but Wall Street has other concerns
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Movies
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WWE Beats Q2 Revenue Expectations With Record $410.3 Million
The wrestling promoter missed on earnings, weighed down by transaction costs from its deal with Endeavor’s UFC
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EA’s Q1 Earnings Beat Wall Street With $1.9 Billion in Revenue
The video game maker’s latest figures surpass quarterly expectations and blast past fiscal year 2023’s first quarter
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New York State Comptroller Urges Swift End to Hollywood Strike, Warns of ‘Financial, Legal and Reputational Risks’
Thomas DiNapoli believes a continued double strike from the WGA and SAG-AFTRA could have a “detrimental impact on consumer sentiment”
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Regal Cinemas Owner Cineworld Emerges From Bankruptcy Following Restructuring
Former Warner Bros. CEO Ann Sarnoff joins the company’s board
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TV Broadcasters, Publishers Could Be Hit Hard by Prolonged WGA, SAG-AFTRA Strikes
Advertising revenue from TV sitcoms and soap operas could be impacted by an absence of new programming, according to a new MediaRadar study
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Disney CEO Bob Iger Taps Kevin Mayer, Tom Staggs to Consult on Linear TV Business, Streaming Strategy
The former Disney executives, who have both previously been floated as potential successors, currently serve as the co-CEOs of Candle Media
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TV
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