Media
Trump-linked SPAC Digital World Acquisition postpones earnings report after seeking to delay merger
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Group, the special purpose acquisition company that plans to merge with Trump Media and Technology Group and take it public, is asking for an extension to file its earnings report, according […]
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CNBC Chairman Mark Hoffman to step down in September
Mark Hoffman, Chairman of CNBC Mark Hoffman, CNBC’s president since 2005 and chairman since 2015, announced Tuesday he will step down on Sept. 12. Hoffman is leaving of his own accord. NBCUniversal hired Cesar Conde to oversee NBC News, MSNBC and CNBC in May 2020 to bring more centralized leadership to the group. KC Sullivan will return […]
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China’s $370 billion tech giant Tencent could post its first revenue decline on record
People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province, China August 7, 2020. David Kirton | Reuters Tencent could post its first year-on-year revenue decline on record when it reports second-quarter earnings on Wednesday, according to analysts, as a Covid-induced slowdown in the Chinese economy and continued challenges in the […]
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Salman Rushdie’s ‘The Satanic Verses’ leaps to top of Amazon bestseller lists
British author Salman Rushdie poses behind some copies of his book “Joseph Anton” on October 1, 2012 in Berlin. Author Salman Rushdie’s “The Satanic Verses” topped several Amazon’s bestsellers lists on Tuesday, days after he sustained serious injuries in a stabbing at a lecture in New York. Johannes Eisele | Afp | Getty Images Author […]
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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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