Media
NBA, Warner Bros. Discovery agree to settle lawsuit over live game rights
NBA Commissioner Adam Silver at the Allen & Company Sun Valley Conference on July 10, 2024 in Sun Valley, Idaho. David Grogan | CNBC Warner Bros. Discovery agreed to end its quest to own a package of live National Basketball Association games in the U.S. for the 2025-26 season and beyond, settling all of its legal […]
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LeBron James’ SpringHill to merge with ‘The Kardashians’ producer Fulwell 73
LeBron James, right, and Maverick Carter participate in a Q and A after the premiere of the STARZ original series “Survivor’s Remorse” in Los Angeles. Matt Sayles | AP Los Angeles Lakers star LeBron James’ entertainment business, SpringHill Co., has agreed to a merger of equals with Fulwell 73, the British television, film and music […]
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Trump Defense pick Hegseth investigated in 2017 for alleged sex assault; no charges filed
Pete Hegseth, host of Fox & Friends, at the National Council of Young Israel Gala in New York City. Michael Brochstein | SOPA Images | Lightrocket | Getty Images Police in California investigated Fox News host Pete Hegseth — who was picked this week by President-elect Donald Trump to be the next Defense Department secretary […]
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Disney earnings offer hope that streaming can successfully supplant linear TV
The Disney+ website on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Disney might be proving the world’s most famous investor wrong. Last year, Warren Buffett, “The Oracle of Omaha,” told CNBC’s Becky Quick he had no faith in the […]
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Diamond Sports reaches key milestone toward exiting bankruptcy
Jose Siri, #26 of Major League Baseball’s Houston Astros, steals second base as Dansby Swanson, #7 of the Atlanta Braves, is unable to handle the throw from Travis d’Arnaud, #16, in the eighth inning during Game 3 of the 2021 World Series at Truist Park in Atlanta on Oct. 29, 2021. Daniel Shirey | Major […]
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Disney doesn’t plan to change its TV networks portfolio anytime soon
Scene from the FX series Shogun. Source: Disney | FX Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now. The company’s Chief Financial Officer, Hugh Johnston, said Thursday on CNBC’s “Squawk Box” that the “cost is probably more than the […]
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The Onion wins Alex Jones’ Infowars in bankruptcy auction
The Onion, the satirical news company that repeatedly spoofed conspiracy theorist Alex Jones, has won the bankruptcy auction for control over his media empire — most notably InfoWars, the far-right, conspiracy-minded website that served as Jones’ primary online platform. Jones announced the sale on X Thursday morning. “I just got word 15 minutes ago that my lawyers and folks […]
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Here’s what to expect when Disney reports before the bell
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, and Wall […]
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Amazon Prime Video to stream Diamond regional sports networks
Sopa Images | Lightrocket | Getty Images Diamond Sports reached a deal with Amazon’s Prime Video that will allow its 16 regional sports networks to be made available on the streaming platform. As part of the deal, Diamond’s networks will be made available as an add-on subscription to Prime customers living within each team’s designated […]
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Netflix ad-supported tier has 70 million monthly users two years after launch
People wait in a line to enter “The Lab,” a “Stranger Things” Netflix series experience in Madrid on June 2, 2022. Beata Zawrzel/ | Nurphoto | Getty Images Netflix’s cheaper, ad-supported tier has reached 70 million global monthly active users two years after it was launched. The company said Tuesday more than 50% of its […]
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