Latest Media and entertainment industry News
News Corp.: Fiscal Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — News Corp. (NWSA) on Wednesday reported profit of $30 million in its fiscal third quarter. The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 11 cents per share. ...
News Corp.: Fiscal Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — News Corp. (NWS) on Wednesday reported net income of $30 million in its fiscal third quarter. The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, came to 11 cents per share. ...
Disney's streaming business turns a profit in first financial report since challenge to Iger
The Walt Disney Co. swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the company boosted its outlook for the year. ...
Artists from Universal Music Group are heading back to TikTok as new licensing deal reached
Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute. The two sides said Thursday that they are “now...
Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
NEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service. The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the...
Paramount Global replaces CEO Bob Bakish with a troika of executives
NEW YORK (AP) — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company. Bakish will be replaced by a troika of executives who will form a new “Office of the CEO.” The group includes George Cheeks, the CEO of...
Spotify: Q1 Earnings Snapshot
LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported first-quarter earnings of $213.9 million. On a per-share basis, the Luxembourg-based company said it had net income of $1.05. The results exceeded Wall Street expectations. The...
Oprah Winfrey and Dwayne Johnson pledged $10M for Maui wildfire survivors. They gave much more.
Lana Vierra misses the swing set at her Lahaina home, which was reduced to ashes in the wildfires that swept through her community last summer. “Multiple generations went through there playing in my front yard," she said. "Just with the animals and the turtles and the deer and...
American Express, Fifth Third rise; Netflix, PPG Industries fall, Friday, 4/19/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Alphabet Inc., down $1.92 to $154.09. Google says it will combine several divisions as it focuses on integrating artificial intelligence more widely throughout the company. ...
Netflix now has nearly 270 million subscribers after another strong showing to begin 2024
Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video streaming service's future growth. ...
