Lionsgate, Warner Bros. Discovery stocks top Hollywood gainers – The Hollywood Reporter

Lionsgate, Warner Bros. Discovery and Paramount Global are among the hit Hollywood stocks for Q1 2023. Like the recent stock market volatility due to bank failures. Sports entertainment powerhouse WWE, exhibitors Cinemark and Roku, and music streamer his Spotify topped the list in his first three months of the year. The factor behind their outperformance […]

Why sports ads are booming when the rest of the ad market isn’t – The Hollywood Reporter

Advertising is a recurring theme as major media, entertainment and technology companies scale back in search of better profit margins. In recent months, Warner Bros. Discovery CEO David Zaslav has called the ad market “extremely weak,” NBCUniversal chief Jeff Shell deemed it “shallow,” and Paramount topper Bob Bakish has called it “cyclical.” severe,” he said. […]

Post Malone Settles ‘Circles’ Copyright Lawsuit – The Hollywood Reporter

Post Malone settled a copyright lawsuit from a musician who claimed he co-wrote his 2019 hit “Circles,” but was denied credit and compensation, according to court documents filed Tuesday. Terms of the deal were not disclosed. The court was informed of the agreement during jury selection. The lawsuit revolved around a recording session in August […]

Warner Bros. Discovery Stock Upgraded by Analysts – The Hollywood Reporter

Add analysts from Wells Fargo and Wolf Research to the list of Wall Street experts who got bullish on the Warner Bros. discovery. Last April, the merger of Warner Bros. Discovery and its subsequent management team, led by CEO David Zaslav, faced various cost-cutting challenges, sending its stock price plummeting. But this year, Goldman Sachs, […]

IMES launches Paris media preservation site as entertainment clients ‘aggressively mine content archives’

As media preservation and archiving company Iron Mountain Entertainment Services (IMES) continues its global expansion, it opened a new facility outside Paris on Thursday. IMES’ mission is described as to act as a Fort Knox for protecting and preserving a company’s digital and physical archival assets. Clients include studios, networks, media companies, real estate, actors, […]

Fox News CEO Lachlan Murdoch Joins Dominion Lawsuit – The Hollywood Reporter

Fox Corp. CEO Lachlan Murdoch discussed Thursday the lawsuit his company faces from Dominion Voting Systems and the media storm surrounding his company in recent weeks following the release of documents. bottom. Asked at a Morgan Stanley conference about the lawsuit, Murdoch reiterated that the trial is still scheduled to begin in April. But he […]

Comcast’s NBCU and Sky partner with MultiChoice on Showmax streaming service in Africa – The Hollywood Reporter

African pay-TV giant MultiChoice Group and Comcast’s NBCUniversal and Sky said on Thursday, “At a time when Africa is in crisis, we are delivering some of the world’s best content and technology across MultiChoice’s 50 market footprint in Sub-Saharan Africa. to streaming customers.” It’s an inflection point in terms of broadband connectivity and affordability. ” […]

HBO Max Hits 96 Million Subscribers – The Hollywood Reporter

Warner Bros. Discovery reported 96.1 million streaming subscribers in its latest quarterly earnings call, up from 94.9 million in the previous quarter. And while streaming losses are still rising (the sector, like the rest of the industry’s streaming sector, he lost $217 million), Wall Street’s expectations for free cash flow are also surpassing. increase. WBD […]

Tom Cruise applauds for five minutes during CAA visit – The Hollywood Reporter

Tom Cruise has had quite the week. First, he stopped by an Oscar nominee’s luncheon. There, THR’s Scott Feinberg reported that the Top Gun: Maverick star and producer was “swarmed by virtually everyone” when he first dropped by his circuit during awards season. . This included Steven Spielberg, who said of Top Gun’s success, “You […]

Money Is King, Not Content – The Hollywood Reporter

The late Sumner Redstone, founder of Paramount Global’s predecessor company, used to say, “Content is king.” But so is the cash of many investors in the entertainment companies behind Paramount Pictures, CBS, MTV, BET, Showtime, Paramount+ and Pluto TV. Paramount Global’s streaming business ended 2022 with a bang thanks to Tom Cruise’s Top Gun: Maverick. […]

James Stewart interviews Rachel Abrams – The Hollywood Reporter

In Unscripted: The Epic Battle for a Media Empire and the Redstone Family Legacy, Pulitzer Prize-winning New York Times journalists James B. Stewart and Rachel Abrams confront billionaire Viacom owner Sumner Redstone. It illustrates the machinations of the Byzantine corporations that brought honor and the dastardly personal turmoil. And so does longtime CBS head Les […]

Warner Music’s new CEO, Robert Kinkle, is targeting “the next stage in our evolution”, citing a “challenging business environment.”

Warner Music Group, home to the likes of Ed Sheeran, Cardi B and Bruno Mars, closed its first quarter on Thursday as new CEO Robert Kinkle set his sights on the “next stage of our evolution.” reported a decline in revenue and profit. “Challenging business environment” The latest quarter was impacted by timing factors, including […]

Microsoft’s Acquisition of Activision Blizzard ‘Could Harm UK Gamers’, ‘Could Significantly Reduce Competition’, UK Regulator Finds

Microsoft’s proposed takeover of video game publisher Activision Blizzard “could harm UK gamers” and could “significantly reduce” competition, UK regulators said Wednesday. revealed in a preliminary analysis. The Competition and Markets Authority (CMA) said mega deals “raise concerns about cloud and console gaming” and “could lead to higher prices, less choice, or less innovation.” It […]