Latest Media and entertainment industry News
Warner Bros. Discovery sues NBA for not accepting its matching offer
Warner Bros. Discovery has sued the NBA after the league did not accept the company's matching offer for one of the packages in its upcoming 11-year media rights deal. The lawsuit was filed on Friday in New York state court in Manhattan. WBD, the parent company of TNT...
Publisher plans massive ‘Hillbilly Elegy’ reprints to meet demand for VP candidate JD Vance's book
NEW YORK (AP) — Former President Donald Trump's selection of JD Vance as his running mate has led to a surge in sales for “Hillbilly Elegy,” his best-selling memoir that came out in 2016. A spokesperson for HarperCollins told The Associated Press that more than 650,000 copies...
South Korean tech giant Kakao's founder arrested in stock price manipulation case
SEOUL, South Korea (AP) — South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp. for alleged stock price rigging during his company’s takeover of a major K-pop agency last year. Kim’s arrest came after the Seoul Southern District...
Warner Bros. Discovery informs NBA it will match Amazon Prime Video's offer to air games
Turner Sports intends to continue its longtime relationship with the NBA. Warner Bros. Discovery informed the league Monday that it will match the $1.8 billion per year offer by Amazon Prime Video. Turner has had an NBA package since 1984 and games have been on TNT since the network...
Netflix's subscriber and earnings growth gather more momentum as password-sharing crackdown pays off
Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. The results announced Thursday painted a portrait of a...
Netflix: Q2 Earnings Snapshot
LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Thursday reported second-quarter profit of $2.15 billion. The Los Gatos, California-based company said it had net income of $4.88 per share. The results topped Wall Street expectations. The...
Former Knopf executive Reagan Arthur returns to her previous publisher, Hachette Book Group
NEW YORK (AP) — Weeks after being let go as the publisher of Alfred A. Knopf, Reagan Arthur is returning to her former employer, Hachette Book Group, as a senior executive who will edit authors from across the company and head her own imprint. Arthur, who will have the title of...
Paramount and Skydance merge, signaling end of a family reign in Hollywood and the rise of new power
NEW YORK (AP) — The entertainment giant Paramount will merge with Skydance, closing out a decades-long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also...
Who is Alex Jones? The conspiracist and dietary supplement salesman built an empire over decades
HOUSTON (AP) — Alex Jones has pushed many conspiracy theories over the last three decades, including that the U.S. government was behind or failed to stop the Oklahoma City bombing and the 9/11 attacks. As the outlandish nature of his false claims grew, so did his media empire,...
Paramount Global owner calls off merger talks with Skydance Media
NEW YORK (AP) — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended talks on a possible merger of Paramount with movie production company Skydance Media. The potential deal had drawn attention...
