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Legacy media companies enter dark times as failures mount and Netflix rises again
Bob Iger, CEO of The Walt Disney Company, left; David Zaslav, CEO and president of Warner Bros. Discovery, center; and Bob Bakish, president and CEO of Paramount Global. Getty Images Companies and industries have ups and downs. The legacy media industry is in a valley. The first half of 2023 has been a colossal disappointment […]
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Twitter to aim on video, commerce in business enterprise revamp
Twitter CEO Elon Musk, remaining, speaks with Linda Yaccarino on April 18, 2023. Musk announced Could 11, 2023 that he was stepping down from the position and a day later on named Yaccarino as Twitter’s new CEO. Rebecca Blackwell | AP Twitter ideas to emphasis on movie, creator and commerce partnerships to revitalize the social […]
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Disney looks to get out of animation rut with Pixar’s ‘Elemental’
Disney and Pixar’s latest animated feature is “Elemental.” Disney The stakes are high as Pixar releases its 27th feature film in theaters this Friday. “Elemental,” a romantic immigrant story told through anthropomorphic elements of nature, arrives as Disney is under pressure to prove it hasn’t lost its golden touch in animation. The company, which operates […]
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‘Spider-Person: Across the Spider-Verse’ opens to $120.5 million, next-optimum debut of 2023
However from Sony’s “Spider-Male: Throughout the Spider-Verse.” Sony Spider-Person returned to the major monitor this weekend, webbing up an believed $120.5 million at the domestic box workplace. Sony’s “Spider-Guy: Throughout the Spider-Verse,” the much expected sequel to the Academy Award-profitable “Spider-Guy: Into the Spider-Verse,” had the 2nd-largest opening of 2023, just at the rear of […]
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Telecom shares tumble on report Amazon considers launching cell assistance for Primary users
Fireplace smartphone by Amazon.com Krisztian Bocsi | Bloomberg | Getty Photographs Amazon is in talks with quite a few wireless carriers about launching a cellular company for Prime users, in accordance to a report from Bloomberg. The news despatched shares of telecom stocks lower Friday. Verizon fell much more than 4% in early trading, although […]
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Streaming services are removing tons of movies and shows — it’s not personal, it’s strictly business
The Disney+ logo is displayed on a TV screen in Paris, December 26, 2019. Chesnot | Getty Images Streaming was supposed to be forever. That was the promise of a digital library of movies and TV shows. Consumers got used to Netflix cycling through titles, aware that as Hollywood studios launched their own streaming services, […]
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Biden nominates telecom legal professional Anna Gomez to FCC right after a lot more than two a long time of deadlock
President Joe Biden nominated telecom attorney Anna Gomez to the Federal Communications Fee, his next endeavor to fill an vacant seat on the ordinarily five-member panel that has remaining the company in a 2-2 deadlock for his whole presidency therefore far. The nomination arrives a few of months right after Biden’s previous nominee, Gigi Sohn, […]
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Determined for streaming earnings, media giants appear to a tender advert industry for help
This movie impression unveiled by Universal Photos demonstrates Mark Wahlberg, remaining with the character Ted, voiced by Seth MacFarlane in a scene from “Ted.” (AP Photograph/Universal Shots) Photo Credit score: Universal Shots/Tippett Studio Just after paying years amassing streaming subscribers at good charge, media corporations now want to make some income. And they are more […]
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John Wick franchise tops $1 billion at global box office as Lionsgate explores splitting up
Keanu Reeves stars in “John Wick: Chapter 4.” Lionsgate What started with a retired hitman avenging his murdered dog has turned into a billion-dollar blockbuster movie franchise for Lionsgate. This week, the John Wick series, comprised of four films starring Keanu Reeves in the titular role, crossed $1 billion at the global box office. Each […]
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Comcast will likely sell Hulu stake to Disney at the beginning of 2024, CEO Roberts says
Ted Soqui | Corbis | Getty Images Comcast will likely sell its 33% stake in Hulu to Disney at the beginning of 2024, Comcast Chief Executive Brian Roberts said Tuesday. Comcast and Disney struck a deal in 2019 that allowed Disney the option to buy out Comcast’s minority stake in 2024. That deal set a […]
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