Television
Trian nominates Peltz and former Disney exec to media giant's board
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Trian Fund Management on Thursday announced it was nominating its CEO, Nelson Peltz, and former Walt Disney CFO Jay Rasulo […]
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Hasbro laying off 1,100 workers as weak toy sales persist into holiday season
Hasbro is laying off about 1,100 employees as the toy maker struggles with soft sales that have carried into the holiday shopping season, according to a company memo obtained by CNBC. Hasbro had about 6,300 employees as of earlier this year, according to a company fact sheet. Shares of the company fell more than 4% […]
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Paramount shares jump after reports of takeover interest
Paramount logo is seen on the building in Los Angeles, United States on November 13, 2023. Nurphoto| Getty Images Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and Redbird Capital were exploring potentially taking over the media giant. Paramount shares were up more than 14%. The company has a […]
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PGA Tour star Jon Rahm could be gearing up to join Saudi-backed LIV Golf
Jon Rahm of Spain celebrates making a putt for birdie on the 18th green during the final round of the 2021 U.S. Open at Torrey Pines Golf Course (South Course) on June 20, 2021 in San Diego, California. Sean M. Haffey | Getty Images Sport | Getty Images Golf superstar Jon Rahm is gearing up […]
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Disney+ adding Hulu integration as streaming bundles accelerate
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 is beginning to roll out a Hulu integration on its Disney+ streaming platform in a bid to bundle subscribers. The full launch is expected March 2024, Disney […]
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Charter shares plunge after CFO says company may lose broadband subscribers in fourth quarter
Sopa Images | Lightrocket | Getty Images Charter shares plunged more than 8% on Tuesday after its CFO Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast‘s stock also slipped more than 3% in midday trading. “I can certainly see that it’s likely that we could end up […]
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Media stocks jump after report says Apple, Paramount are discussing streaming bundle
Jakub Porzycki | Nurphoto | Getty Images Media stocks jumped on Friday following a Wall Street Journal report that Apple and Paramount Global are in early-stage talks to offer a bundle of the two company’s streaming platforms. The companies have talked about bundling Apple TV+ and Paramount+ in an offering that would cost less than […]
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Three ‘Grand Theft Auto’ titles are coming to Netflix’s mobile game library
Grand Theft Auto V packaging and the Netflix logo are displayed on a phone screen in this photo taken in Krakow, Poland, on Oct. 18, 2023. Nurphoto | Getty Images Netflix announced Wednesday that it will make three “Grand Theft Auto” titles available to play for subscribers next month. Rockstar Games‘ “Grand Theft Auto: The […]
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Thanksgiving TV broadcasts drew record-breaking ratings, even as industry grapples with cord-cutting
Macy’s Thanksgiving Day Parade, 2023: Birds Of A Feather Stream Together – Peacock Float NBC | NBCUniversal | Getty Images Thanksgiving TV viewership gave media companies a lot to be grateful for this year. A range of events over the holiday broke ratings records. NBC drew an all-time record 28.5 million viewers this year during […]
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NFL’s Black Friday game is the latest warning sign for traditional TV
Jacob Kupferman | Getty Images The Miami Dolphins and the New York Jets face off in the National Football League’s first ever Black Friday game this week — but it’s not going to be the usual broadcast or cable offering. The game will stream exclusively on Amazon’s Prime Video. The NFL’s decision to start a […]
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