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Disney, Fox and Warner Bros. Discovery call off plans to launch Venu sports streaming service
An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024. Jessica Golden | CNBC Disney, Fox and Warner Bros. Discovery have called off plans to launch their sports streaming service Venu, the companies said in […]
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Comcast to launch Universal Ads in bid to win smaller advertisers over from tech
Jaque Silva | Nurphoto | Getty Images Comcast plans to launch a new advertising platform that will make it easier for smaller businesses to buy ad time — and, the company hopes, to beckon some advertisers away from social media and digital outlets and over to traditional TV’s streaming businesses. On Monday, Comcast announced the […]
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Ad revenue should stabilize for media companies in 2025 — if they have sports
The New York Liberty celebrate after wining the 2024 WNBA Championship against the Minnesota Lynx during Game 5 of the 2024 WNBA Finals on October 20, 2024 at Barclays Center in Brooklyn, New York. David Sherman | National Basketball Association | Getty Images The advertising market has positive momentum going into 2025 — especially for […]
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13 anonymous media executives make predictions for the new year
Bob Iger, CEO of Disney (L), and Brian Roberts, CEO of Comcast (R). Getty Images Ho, ho, ho! It’s a holiday tradition: Anonymous media executives make their 2025 industry predictions. In honor of the 12 days of Christmas, we give you 12 predictions from some of the most powerful media and entertainment executives in the […]
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Women’s basketball league Unrivaled secures $28 million in new funding from star-studded investor lineup
Chicago Sky coach Teresa Weatherspoon calls out to players during the first half of the team’s WNBA basketball game against the New York Liberty, May 23, 2024, in New York. Frank Franklin II | AP Startup basketball league Unrivaled announced on Monday it’s closed a Series A funding round, raising an additional $28 million before […]
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Stocks making the biggest moves midday: ServiceTitan, Adobe, Warner Bros. Discovery, Riot Platforms and more
Check out the companies making headlines in midday trading: Adobe — The software company tumbled more than 12% after it announced lighter-than-expected revenue estimates for the fiscal first quarter. Adobe guided for revenue between $5.63 billion and $5.68 billion in the fiscal first quarter, missing the consensus estimate of $5.73 billion, according to LSEG. Warner […]
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Warner Bros. Discovery shares surge 15% after company announces linear, streaming restructuring
President and CEO of Warner Bros. Discovery, David Zaslav arrives for the world premiere of “The Flash” at Ovation Hollywood in Hollywood, California, on June 12, 2023. Michael Tran | Afp | Getty Images Warner Bros. Discovery on Thursday announced a restructuring plan to segment its business into linear and streaming units in a move […]
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Stocks making the biggest moves midday: Hershey, Nvidia, Alibaba, Omnicom and more
Check out the companies making headlines in midday trading: Hershey , Mondelez International — Hershey shares jumped roughly 13% after Bloomberg News reported that Cadbury and Oreo maker Mondelez is again trying to buy the chocolate company. News of the attempted takeover put Hershey shares on pace for their best day since June 2016, when Hershey […]
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College Football Playoff expansion boosts advertising, viewership at Disney
Donovan Edwards #7 of the Michigan Wolverines hurdles a tackle attempt by Michael Taaffe #16 of the Texas Longhorns during the first half of a college football game at Michigan Stadium on September 07, 2024 in Ann Arbor, Michigan. Aaron J. Thornton | Getty Images Sport | Getty Images The expanded College Football Playoff format […]
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‘Wicked’ soars with $114 million domestic opening, ‘Gladiator’ snares $55.5 million
Cynthia Erivo and Ariana Grande star as Elphaba and Glinda in Universal’s “Wicked.” Universal The box office was a popular destination this weekend as Universal’s “Wicked” and Paramount’s “Gladiator II” arrived in cinemas. “Wicked” is expected to snare $114 million during its domestic opening, the highest debut of a Broadway adaptation in cinematic history, according […]
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