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The broadcaster has said it will now launch an independent review of its social media guidance. → Read More
With the 95th edition of the Academy Awards unspooling in L.A. on Sunday with host Jimmy Kimmel, The Hollywood Reporter highlights TV networks and online outlets that will show all the glitz and glamour in various countries across the globe. → Read More
The company expects an impairment charge of $1.3 billion to $1.5 billion in the first quarter of 2023 as Paramount realigns its content strategy with Showtime. → Read More
Even while executives are conducting mass layoffs and downsizing their firm's physical infrastructure, players like Amazon and Apple are keeping up spending, so long as it drives customers to their platforms. → Read More
The audio company employs around 9,800 people and is cutting its workforce by 6 percent, with CEO Daniel Ek saying: "As we evolve and grow as a business, so must our way of working while still staying true to our core values." → Read More
U.S. media stocks fell back to Earth amid pressure on streaming subscriber growth, increased cord-cutting and weakened advertising trends. → Read More
The company, home to IFC, AMC+, Shudder, Acorn TV and Sundance TV, will see cuts to every operating area, wrote James Dolan, the company's chairman. → Read More
Starring Tom Cruise, 'Top Gun: Maverick' will become available on streamer Paramount+ on Dec. 22 after earning more than $1.48 billion globally at the global box office for Paramount and Skydance. → Read More
“These actions will provide greater investor choice and enable targeted investment and capital-raising through more focused currencies," said CEO Greg Maffei. → Read More
Liberty Media CEO Greg Maffei said his company looked at around 140 companies in all as potential media or entertainment acquisitions, but saw no target worth pursuing for a merger with its financial vehicle. → Read More
With nearly all major subscription services hiking monthly rates as they head into 2023, cancellations may rise as consumers decide which platforms are keepers. → Read More
The Chapter 11 bankruptcy filing Sept. 7 from Cineworld, the world’s second-largest movie theater company and owner of Regal Cinemas in the U.S., didn’t come as a surprise to close observers. For many of its Hollywood studio partners, it was almost a relief. → Read More
The Warner Bros. Discovery chief wants to be the anti-Netflix: all in on theatrical, a fan of linear TV, happy to sell content to other players and focused on the bottom line. → Read More
The cable giant, led by CEO Dexter Goei, has been looking to reduce its debt load. → Read More
Paramount Global has promoted Pam Kaufman to the role of president and CEO, international markets, global consumer products & experiences, while prior international chief Raffaele Annecchino is exiting, the company said Friday. → Read More
The French media and telecom company, led by CEO Arnaud de Puyfontaine, also discloses latest results for game-maker Gameloft and is considering a divestiture. → Read More
Music streaming giant Spotify ended the second quarter of 2022 with 188 million premium, or paying, subscribers, up from 182 million as of the end of the first quarter, exceeding its own forecast. → Read More
Summer blockbusters and streaming hits could obscure the economic pain of entertainment giants facing the rest of the year amid an advertising pullback, inflation drag and supply chain issues. → Read More
Mohammad Rasoulof, Mostafa Al-Ahmad and Jafar Panahi were picked up on Friday and Monday as part of a crackdown by Iranian authorities. → Read More
Amazon will split U.K. rights to the upcoming Champions League season with BT in a deal that runs through 2027 and secures Amazon's position as a major player in the live sports business. → Read More