Media
Tom Rutledge, who turned Charter into a cable powerhouse, to step down as CEO
Chairman and CEO of Charter Communications Tom Rutledge speaks at The New York Times DealBook Conference at Jazz at Lincoln Center on November 10, 2016 in New York City. Bryan Bedder | The New York Times | Getty Images Charter Communications Chief Executive Tom Rutledge will step down on Dec. 1 after a decade at […]
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Trump-linked SPAC faces new pressure from investors as merger hangs in the balance
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the company planning to take Trump Media and Technology Group public, is facing investor concerns about a potential failed merger with former President Donald Trump’s company. The Financial Times reported […]
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Spotify announces start of audiobooks for U.S. listeners
The Spotify brand on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022. Gabby Jones | Bloomberg | Getty Visuals Spotify users in the U.S. will now be ready to purchase and listen to more than 300,000 distinctive audiobook titles, the enterprise declared Tuesday. The streaming company’s foray into audiobooks […]
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Two veteran sports execs launch firm aiming to invest up to $50M in early-stage companies
Newcastle United’s Alexander Isak in action with Crystal Palace’s Cheick Doucoure. Lee Smith | Reuters Two longtime sports executives are launching an investment firm they say will back startups capitalizing on the growing opportunities at the intersection of sports, media and entertainment. Velocity Capital Management said Tuesday it will invest up to $50 million in […]
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LIV Golf CEO Greg Norman visits Capitol Hill as the Saudi-backed league battles the PGA Tour
LIV CEO and commissioner Greg Norman watches play on the third hole during the final round of the LIV Golf Invitational Series Chicago at Rich Harvest Farms in Sugar Grove, Illinois. Brian Spurlock | Icon Sportswire | Getty Images LIV Golf CEO Greg Norman will be visiting Capitol Hill this week to meet with members […]
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Acquire-Two’s Rockstar Online games confirms GTA VI leak
Strauss Zelnick, CEO, Take-Two Scott Mlyn | CNBC Rockstar Games, owned by Choose-Two Interactive, confirmed Monday that the corporation experienced a community intrusion in which a third party illegally accessed footage of the new Grand Theft Vehicle online video activity. Shares of Take-Two were down less than 1% Monday afternoon. A consumer known as “teapotuberhacker,” […]
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PayPal threatens to sever partnership with Phoenix Suns if owner Sarver returns
LOS ANGELES, CA – JUNE 30: Owner, Robert Sarver of the Phoenix Suns interviews after Game 6 of the Western Conference Finals of the 2021 NBA Playoffs on June 30, 2021 at STAPLES Center in Los Angeles, California. Andrew D. Bernstein | National Basketball Association | Getty Images PayPal, the jersey sponsor for the Phoenix […]
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Canela.TV, a free Spanish-language streaming service with 23 million users, launches original shows
An upstart Spanish-language streamer is taking a big step into original content. Canela Media will debut a daily entertainment news show, “¡Ponle Canela!,” on its streaming platform, Canela.TV, on Oct. 10. “Secretos De Villanas,” a reality series that puts some well-known telenovela actresses under one roof to reveal secrets about their lives and careers, will […]
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Video platform Rumble to go public after successful SPAC vote
The Rumble video platform logo on a laptop computer arranged in Hastings on Hudson, New York, U.S., on Saturday, Jan. 23, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Shareholders of the special purpose acquisition company Cantor Fitzgerald Acquisition Corp. VI voted Thursday to take the video platform Rumble public. Rumble was founded as a […]
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Disney CEO Bob Chapek says he’d like to own all of Hulu ‘tomorrow’ but says chances of an early deal are slim
Disney Chief Executive Officer Bob Chapek said he’d love to own Comcast’s 33% stake in Hulu “tomorrow” but acknowledged the chances of an early deal are “less and less” as 2024 approaches. “I would like nothing more than to come up with that solution for an early agreement,” Chapek said in an exclusive interview with […]
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