Latest Media and entertainment industry News
News Corp.: Fiscal Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — News Corp. (NWSA) on Thursday reported earnings of $119 million in its fiscal first quarter. On a per-share basis, the New York-based company said it had profit of 21 cents. The publishing company whose flagship is The Wall Street...
News Corp.: Fiscal Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — News Corp. (NWS) on Thursday reported profit of $119 million in its fiscal first quarter. The New York-based company said it had net income of 21 cents per share. The publishing company whose flagship is The Wall Street Journal...
Algeria opens book fair opens without winner of top French language literary prize
ALGIERS, Algeria (AP) — As one of the Arab world’s largest book fairs opens in Algeria on Wednesday, there is one conspicuous absence. French-Algerian author Kamel Daoud, who won France’s most prestigious literary award earlier this week, was not invited to this year’s event. ...
After exiting the Christian music industry, these artists engage religion on their terms
(RNS) — When former Christian artist Michael Gungor first hosted a new spiritual community in Los Angeles this year, worship began not with an organ blast or sermon series video promo, but with blowing bubbles. Appropriately dubbed “Play,” Gungor envisioned the event — which...
DoorDash partners with Lyft to give members ride-sharing benefits
Delivery service DoorDash said Wednesday that it's partnering with Lyft to bring ride-sharing benefits to its members. The announcement came as DoorDash released better-than-expected results for its third quarter. The San Francisco company said its revenue rose 25% in the...
The leaders of India and Spain launch India's first private military aircraft plant
VADODARA, India (AP) — Indian Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez inaugurated India's first private military aircraft plant on Monday, boosting New Delhi's ambitions of growing local manufacturing in its defense and aerospace industries. Sanchez...
Disney names Gorman to serve as next chairman; anticipates naming new CEO in early 2026
The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year. The entertainment giant also announced that it anticipates naming its new CEO in early 2026. Gorman will become chairman on Jan. 2, 2025. He will succeed...
Netflix's subscriber growth is slowing, but its profit and stock price are still surging
Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off. The 5.1 million subscribers that Netflix added during the July-September period...
Netflix: Q3 Earnings Snapshot
LOS GATOS, Calif. (AP) — LOS GATOS, Calif. (AP) — Netflix Inc. (NFLX) on Thursday reported third-quarter earnings of $2.36 billion. The Los Gatos, California-based company said it had net income of $5.40 per share. The results exceeded Wall Street expectations. The...
Texas lawmakers signal openness to expanding film incentive program
During a legislative hearing that featured clips of television shows filmed in Texas and testimony from movie stars like Dennis Quaid, lawmakers considered whether to overhaul a film incentive program that has lured hit productions like “Yellowstone” and “Friday Night Lights” to the state....
