Latest Media and entertainment industry News

Georgia is spending more than $1 billion subsidizing moviemaking. Lawmakers want some limits

Feb. 29, 2024 16:49 PM EST

ATLANTA (AP) — Georgia House members are moving to tighten Georgia's lucrative film tax credit, limiting the value of credits moviemakers can cash in by selling them to others and requiring them to spend more in the state. The House voted 131-34 on Thursday to approve House Bill...

Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi

Feb. 25, 2024 01:14 AM EST

GENEVA (AP) — Since late last century and the early days of the web, providers of digital media like Netflix and Spotify have had a free pass when it comes to international taxes on films, video games and music that are shipped across borders through the internet. But now, a global...

Brightcove: Q4 Earnings Snapshot

Feb. 22, 2024 16:53 PM EST

BOSTON (AP) — BOSTON (AP) — Brightcove Inc. (BCOV) on Thursday reported a loss of $2.5 million in its fourth quarter. On a per-share basis, the Boston-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and amortization costs, were 4 cents per...

FuboTV files lawsuit over ESPN, Fox, Hulu, Warner Bros. Discovery sports-streaming venture

Feb. 20, 2024 20:42 PM EST

Streaming service FuboTV has filed an antitrust lawsuit against ESPN, Fox, Warner Bros. Discovery and Hulu, which are planning to launch a sports-streaming venture in the fall. The lawsuit has been filed in the Southern District of New York. FuboTV, which focuses primarily on live...

Mexican regulators recommend that Amazon wall off Prime TV, reveal its algorithms and open delivery

Feb. 16, 2024 21:03 PM EST

MEXICO CITY (AP) — Mexican regulators have recommended that online retailers Amazon and Mercado Libre reveal their algorithms and wall off TV streaming to avoid stifling competition. Mexico’s Federal Commission on Economic Competition, known by its initials as COFECE, said in a...

Beasley: Q4 Earnings Snapshot

Feb. 12, 2024 07:26 AM EST

NAPLES, Fla. (AP) — NAPLES, Fla. (AP) — Beasley Broadcast Group Inc. (BBGI) on Monday reported fourth-quarter net income of $6.4 million, after reporting a loss in the same period a year earlier. The Naples, Florida-based company said it had profit of 21 cents per share. Losses,...

ESPN, Fox, Warner Bros. Discovery are planning a sports streaming platform in the fall

Feb. 06, 2024 20:23 PM EST

ESPN, Fox and Warner Bros. Discovery announced plans on Tuesday to launch a sports streaming platform in the fall that will include offerings from at least 15 networks and all four major professional sports leagues. A one-stop app to view most sports should be a welcome sight for...

Meta says it will label AI-generated images on Facebook and Instagram

Feb. 06, 2024 17:52 PM EST

Facebook and Instagram users will start seeing labels on AI-generated images that appear on their social media feeds, part of a broader tech industry initiative to sort between what’s real and not. Meta said Tuesday it's working with industry partners on technical standards that...

Spotify: Q4 Earnings Snapshot

Feb. 06, 2024 06:31 AM EST

LUXEMBOURG (AP) — LUXEMBOURG (AP) — Spotify Technology SA (SPOT) on Tuesday reported a loss of $75.4 million in its fourth quarter. The Luxembourg-based company said it had a loss of 39 cents per share. The results fell short of Wall Street expectations. The...

Target stops selling product dedicated to Civil Rights icons after TikTok video shows errors

Feb. 02, 2024 16:58 PM EST

NEW YORK (AP) — Target says it will stop selling a product dedicated to Civil Rights icons after a now-viral TikTok spotlighted some significant errors. In a video posted earlier this week, Las Vegas high school teacher Tierra Espy displayed how three Civil Rights icons — Carter...