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Disney is poised to be the top entertainment industry beneficiary of a potential improvement in U.S.-China relations, according to a veteran Wall Street analyst. On the occasion of talks in California this week between China’s Xi Jinping and President Biden, Tim Nollen of Macquarie singled out Disney, ad tech firm The Trade Desk and video […]
2 months ago
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YouTube has issued new guidelines for AI-enhanced videos uploaded to its platform. In a blog post, the digital video giant said the new approach will put guardrails around videos that appear realistic but rely on artificial intelligence tools. The company is also rolling out new labels to inform viewers when the video they’re seeing has […]
2 months ago
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Charter Communications CEO Chris Winfrey recently encountered a TV ad that conjured memories of his company’s carriage battle with Disney last September. This commercial message, however, came from a different legacy media company pushing into subscription streaming. “Not to pick on anybody, but everybody’s been watching football,” Winfrey said, “I saw Paramount+ advertising South Park […]
2 months ago
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Watch Billboard Music Awards Endeavor CEO Ari Emanuel expressed hope Wednesday that “the strike ends in the next couple days,” referring to the SAG-AFTRA impasse still paralyzing Hollywood. Even after the expected end to the historic dual walkouts by SAG-AFTRA and WGA, he said during the company’s third-quarter earnings call, many productions would need time […]
3 months ago
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Endeavor posted a mixed bag of third-quarter results Wednesday, with its Representation division showing negative impact from the WGA and SAG-AFTRA strikes. Total revenue climbed 10% over the year-ago quarter to reach $1.34 billion, with sports rights gains helping the top line exceed Wall Street analysts’ expectations. The bottom line, though, was less rosy, with […]
3 months ago
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Nexstar posted third-quarter results Wednesday marred by a carriage dispute with DirecTV as well as a cyclical lack of political advertising. Total revenue slipped 11% from the year-earlier quarter to $1.1 billion and earnings fell to 70 cents a share from $7.30. Both metrics undershot Wall Street analysts’ forecasts. Even without political spending, core TV […]
3 months ago
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SiriusXM unveiled an extensive rebrand and streamlined app today, with Howard Stern, Kevin Hart, Kelly Clarkson and other talent joining execs at a kickoff event in New York. The redesigned streaming app will debut December 14 in North America, with in-car launch unfolding in the following months. The company also announced its Streaming All Access […]
3 months ago
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UPDATED with U.S. debut. Spotify, which last month launched audiobooks in the UK and Australia as part of its offerings for Premium subscribers, has expanded the new business to the U.S. U.S. subscribers will now have access to 200,000 audiobook titles, the company announced Wednesday. At launch, 15 hours of listening will be included at […]
3 months ago
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Disney opened a new corporate era with a mixed-to-positive batch of quarterly results, reporting better-than-expected revenue and earnings Wednesday but also more than $1 billion in charges. Reporting numbers for the first time in the three newly defined divisions of Sports, Entertainment and Experiences, the media giant said total revenue in its fiscal fourth quarter […]
3 months ago
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With its shares in free fall after a dismal third-quarter earnings report, Dish Network executives faced the music with Wall Street, conceding in an earnings call that they face an array of intensifying challenges. “We have a narrow path, but there is a path, to achieve financial stability and make sure we meet our commitments,” […]
3 months ago
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Free TV Networks, a new programming entity with a presence in both over-the-air broadcast and streaming, has enlisted Warner Bros. Discovery, Lionsgate and Gray Television as partners and suppliers. The new company is founded and led by Jonathan Katz, who gained attention a decade ago by creating multicast networks, or “diginets” using spectrum made available […]
3 months ago