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Disney will reorganize into three divisions as it slashes costs and cuts 7,000 jobs
Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Disney said Wednesday it is planning to reorganize into three segments, while also cutting thousands of jobs and slashing costs. The media and entertainment giant said it would now be made up of three divisions: Disney Entertainment, which includes […]
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What will TV look like in three years? These industry insiders share their predictions
Illustration by Elham Ataeiazar The media industry is in the middle of change. There’s little doubt legacy cable TV will continue to bleed millions of subscribers each year as streaming takes over as the primary way the world watches television. Still, the details of what’s about to happen to a transitioning industry are unclear. CNBC […]
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‘M3gan’ is setting the stage for a big year for horror movies at the box office
A lifelike doll programmed to be a child’s greatest companion and a parent’s greatest ally turns murderous in Universal Studios and Blumhouse’s “M3GAN.” Universal A fashion-forward, murderous doll is ringing up big bucks at the box office. “M3gan,” the newest release from the Universal Studios and Blumhouse collaboration, will end up with more than $100 […]
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In the fight against slowing growth, Netflix and its rivals are all in this together
For the past three years, the global media and entertainment industry has been defined by the streaming wars. Each media company created a streaming service to compete. Only the strongest would survive, the narrative went. The losers would consolidate or die. Last year, the streaming wars didn’t end, but a metaphorical meteor approached the entertainment […]
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This week’s best performers include two airlines and a media stock expected to rally 48%
Stocks are set to end the week higher, despite some gyrations Friday, amid investors’ hopes for a slowdown in Federal Reserve interest rate hikes. Equities started the week strong on confidence that inflation was cooling and on Thursday, the latest consumer price index data confirmed those expectations. However, stocks wobbled on Friday after JPMorgan Chase […]
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‘Flash’ star Ezra Miller avoids jail with plea deal for unlawful trespass in Vermont
Actor Ezra Miller arrives at the premiere of Warner Bros. Pictures’ ‘Justice League’ at Dolby Theatre on November 13, 2017 in Hollywood, California. Axelle/bauer-griffin | Filmmagic | Getty Images Ezra Miller agreed to a plea deal Friday to avoid jail time related to a May 2022 incident in which they allegedly stole alcohol from a […]
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WWE’s smaller rival AEW interested in merger, sources say
WWE Chairman and CEO Vince McMahon speaks at a news conference announcing the WWE Network at the 2014 International CES in Las Vegas. Getty Images All Elite Wrestling, a professional wrestling league owned by the Khan family, is interested in merging with World Wrestling Entertainment, according to people familiar with the matter. The Khans, who […]
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HBO Max raises price for ad-free service for the first time since it launched
‘House of the Dragon’ series logo displayed on a phone screen and HBO Max website are seen in this illustration photo taken on August 16, 2022. Jakub Porzycki | Nurphoto | Getty Images Warner Bros. Discovery is raising the monthly price of HBO Max by $1 as the company looks to further invest in content […]
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Disney board exposed itself to activist intervention, but Peltz may be overreaching
Bob Iger, chairman and chief executive officer of The Walt Disney Company, pauses while speaking during an Economic Club of New York event in Midtown Manhattan on October 24, 2019 in New York City. Drew Angerer | Getty Images Activist investor Nelson Peltz spent about 30 minutes Thursday morning speaking with CNBC’s Jim Cramer and […]
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Netflix will air SAG Awards in another step into live broadcasting
Aaronp | Bauer-Griffin | GC Images | Getty Images Netflix will exclusively air this year’s Screen Actors Guild Awards show in its first partnership with an awards show and its next step into live broadcasting. The SAG Awards, which will take place Feb. 26, will air live on Netflix’s YouTube channel, but not the streamer’s […]
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