Business
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Charter Communications Reports Mixed Q2 Results After Losing 200,000 Cable TV Customers
The pay-TV giant reported earnings of $8.05 per share on revenue of $13.7 billion
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Roku Beats Wall Street With Narrower Q2 Loss Than Expected
The streamer and hardware maker lost 76 cents per share on revenue of $847 million
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Hulu Promotes Lauren Tempest to General Manager
The elevation comes at “a major inflection point in the streaming industry,” the former SVP of content partnerships, acquisitions and scheduling says
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No More Mr. Nice Guy: Bob Iger May Just Want to Sell Disney and Be Done
The CEO’s uncharacteristic antagonism toward strikers may point to an M&A state of mind
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Tech
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Comcast President Dismisses ESPN Strategic Partnership With Disney: ‘Very Improbable’
“I would put aside the idea that there’s anything inorganic that is likely to happen around ESPN in particular,” Mike Cavanagh told Wall Street analysts Thursday
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Peacock Grows to 24 Million Subscribers as Comcast Beats Wall Street Expectations
The media conglomerate reported adjusted earnings of $1.13 per share on revenue of $30.5 billion for the second quarter of 2023
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Imax CEO Doesn’t Think Strike Will Affect Release Dates of Films Set for the Premium Format
Rich Gelfond believes studios won’t “potentially sacrifice an already agreed to Imax window” for their biggest films
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Meta Pulls Off a Strong Q2 With $32 Billion in Revenue
The company beat Wall Street’s $30.9 billion sales estimate by a hefty margin while launching Twitter rival Threads
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Imax Rides ‘Mario’ and Marvel to $98 Million in Q2 Revenue
Hollywood blockbusters and local language hits pushed box office to $268.3 million, up 8% from last year
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Comcast Contends With Peacock Losses, Labor Unrest and Cord Cutting | Analysis
As it gets set to report earnings, the cable giant is caught in the crosshairs of the historic double strike as it restructures its media business
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TV
Available to WrapPRO members
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SAG-AFTRA’s Duncan Crabtree-Ireland Says Studios Will Learn It’s ‘Bad Business’ to ‘Say F- You to the Talent’ (Video)
The union’s chief negotiator also calls on investors to “tell these companies to be fair to the talent, to the creatives who make your business exist”
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Altice USA Considers Sale of Cheddar News (Report)
The cable giant, which purchased the financial live streaming news network for $200 million in 2019, has hired Goldman Sachs to help explore strategic options
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‘Succession’ Star Alan Ruck Says He’d ‘Feel Funny’ Working on an Indie Film During SAG-AFTRA Strike (Video)
Several indies have been given the green light by the actors’ union, including “Mother Mary” with Anne Hathaway and Michaela Coel
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Trump Media SPAC Partner Must Pay $18 Million to Acquire Truth Social, SEC Says in Settlement
Digital World Acquisition Corp. must pay the fine before it can combine with the Truth Social parent, but it’s not clear if the deal is still in the works
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IATSE Reaches Tentative Deal With The Broadway League, Disney Theatrical on Pink Contract
The agreement, which will now be sent to union members for ratification, covers roughly 1,500 theatrical professionals working on Broadway and touring productions
