Latest Media and entertainment industry News

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024

Apr. 18, 2024 17:27 PM EDT

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. ...

Netflix: Q1 Earnings Snapshot

Apr. 18, 2024 16:10 PM EDT

LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Thursday reported first-quarter net income of $2.33 billion. The Los Gatos, California-based company said it had net income of $5.28 per share. The results exceeded Wall Street expectations....

This week: Retail sales, United Airlines and Netflix earnings

Apr. 15, 2024 03:11 AM EDT

Retail receipts On Monday, the government releases its report on retail sales for the month of March. After pulling back in January, Americans picked up their spending a bit in February, but the 0.6% gain was weaker than expected and suggested that consumers are...

Faced with possibly paying for news, Google removes links to California news sites for some users

Apr. 12, 2024 18:39 PM EDT

SACRAMENTO, Calif. (AP) — Google on Friday began removing California news websites from some people's search results, a test that acted as a threat should the state Legislature pass a law requiring the search giant to pay media companies for linking to their content. Google...

Hits for sale: Notable artists who have had their music catalogs sell for big money

Apr. 04, 2024 16:29 PM EDT

On Thursday, it was announced that American rock band Kiss had sold their catalog, brand name and IP to Swedish company Pophouse Entertainment Group in a deal estimated to be over $300 million. They're the latest to participate in an ongoing trend of blockbuster acts and their rights holders inking...

Disney shareholders back CEO Iger, rebuff activists who wanted to shake up the company

Apr. 03, 2024 20:03 PM EDT

SAN FRANCISCO (AP) — Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer Jay Rasulo, who had sought seats on the company’s board. The company had...

Trump Media stock falls more than 21% after company discloses $58 million loss for 2023

Apr. 01, 2024 16:57 PM EDT

NEW YORK (AP) — Less than a week after a flashy stock market debut, Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%. Losses in 2023 for Trump Media & Technology Group — whose...

Strippers' bill of rights bill signed into law in Washington state

Mar. 25, 2024 23:02 PM EDT

OLYMPIA, Wash. (AP) — Legislation in Washington state known as the strippers’ bill of rights, which advocates say includes the most comprehensive statewide protections in the nation, was signed into law on Monday. Gov. Jay Inslee signed the measure, which creates safer working...

Spotify paid $9 billion in royalties in 2023. Here's what fueled the growth

Mar. 19, 2024 00:03 AM EDT

LOS ANGELES (AP) — Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest “Loud and Clear” report. Spotify's fourth annual report, which originally launched in 2021 following criticism over its lack of transparency, noted...

Sports Illustrated will continue operations after agreement reached with new publisher

Mar. 18, 2024 14:36 PM EDT

Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products. Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. On Jan. 19, Authentic announced that it...