Media
HBO Max cuts 14% of staff, or 70 employees, mainly in casting, acquisitions and reality TV divisions
David Zaslav, President and CEO of Warner Bros. Discovery talks to the media as he arrives at the Sun Valley Resort for the Allen & Company Sun Valley Conference on July 05, 2022 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Warner Bros. Discovery is eliminating 70 jobs at HBO Max, primarily from the […]
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Salman Rushdie stabbed in neck in NY attack, ‘Satanic Verses’ scribe airlifted to hospital
Author Salman Rushdie is tended to after he was attacked during a lecture, Friday, Aug. 12, 2022, at the Chautauqua Institution in Chautauqua, NY. Joshua Goodman | AP Author Salman Rushdie was attacked while on stage for a panel in western New York Friday. The New York State Police released a statement regarding the incident: […]
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Disney is raising prices, but this time, don’t blame inflation
Another major American company is raising prices again, but this time, don’t blame inflation. Disney is increasing the price on its streaming products and signaled that a price hike could be in the works at its theme parks as well. On Wednesday, the company said the price of Disney+ without ads is jumping $3 per […]
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New York Times stock jumps after activist investor ValueAct reveals 6.7% stake
The New York Times building Jonathan Torgovnik | Getty Images Activist investor ValueAct has built a 6.7% stake in the New York Times, according to an SEC filing out Thursday, sending shares of the media company up around 10% in afternoon trading. “We are aware that ValueAct has made an investment in the Company,” a […]
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Disney lowers 2024 forecast for Disney+ subscribers by 15 million
An inflatable Disney+ logo is pictured at a press event ahead of launching a streaming service in the Middle East and North Africa, at Dubai Opera in Dubai, United Arab Emirates, June 7, 2022. Yousef Saba | Reuter Disney on Wednesday lowered its 2024 forecast for Disney+ to 215 million to 245 million subscribers, down […]
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Disney raises prices for Disney+, Hulu and ESPN+ as streaming services post big operating loss
Disney unveiled a new pricing structure that incorporates an advertising-supported Disney+ as part of an effort to make its streaming business profitable. Starting Dec. 8 in the U.S., Disney+ with commercials will be $7.99 per month — currently the price of Disney+ without ads. The price of ad-free Disney+ will rise 38% to $10.99 — […]
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Why major analysts say Disney’s subscriber guidance needs to come down
As Disney prepares to report earnings Wednesday, major analysts fear further disappointment is in store for investors as streaming subscriber estimates remain too high and need to come down. The entertainment giant has said it plans for its Disney+ streaming service to have between 230 million and 260 million subscribers by the end of 2024. […]
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WWE discloses another $5 million in McMahon payments, delays earnings report
World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 Ethan Miller | Getty Images Entertainment | Getty Images World Wrestling Entertainment disclosed another $5 million in payments made by former CEO Vince […]
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Paris Hilton will sell NFTs and hold virtual parties in The Sandbox metaverse platform
Paris Hilton this week announced that her company, 11:11 Media, will bring her world to the immersive virtual gaming world of The Sandbox. There, she’ll launch a “land,” in which she’ll interact with her fans and sell digital goods. The platform said Hilton “is planning social and community events such as rooftop parties and glamorous social […]
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Roblox misses on top and bottom, shares dip 12%
The New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing. NYSE Roblox reported results on Tuesday that missed analyst estimates on the top and bottom lines. Here’s how the company did: Loss per share: 30 cents vs. 21 cents expected, according […]
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