Millions of DirecTV customers missed the NFL’s opening “Monday Night Football” game on ESPN as the company has yet to reach a deal with network parent Disney. Disney’s TV networks went dark on Sept. 1 for DirecTV’s customers amid a carriage battle over fees and bundling. Those networks include pay-TV channels ESPN and FX, as well as broadcast network…
The Twitter logo is displayed on a smartphone screen and on a computer screen in Athens, Greece, on April 20, 2024. Nurphoto | Nurphoto | Getty Images A federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk’s X. Because of U.S. District Judge Reed O’Connor’s decision on Thursday,…
Brock Purdy, #13 of the San Francisco 49ers, prepares to take a snap in the first quarter against the Kansas City Chiefs during Super Bowl LVIII at Allegiant Stadium in Las Vegas on Feb. 11, 2024. Michael Reaves | Getty Images The National Football League has informed owners and investment firms that it intends to take a percentage of…
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Jaque Silva | SOPA Images | Lightrocket | Getty Images Streaming is finally starting to pay off for media companies, but there’s a catch — to get there, consumers are facing higher subscription costs and increasingly frequent price hikes. Legacy media companies entered the streaming market with a focus on gaining subscribers and competing with category leader Netflix as…
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting 15% of its U.S. workforce, or about 2,000 jobs, part of a broader cost-cutting plan as it prepares for a merger with Skydance Media. Paramount has identified $500 million in cost savings, which include the head count reductions,…
David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. Mike Blake | Reuters Warner Bros. Discovery CEO David Zaslav needs a win. Soon. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is a worthy investment. Warner…
Disney reported its fiscal third-quarter earnings Wednesday, topping analyst estimates as its combined streaming businesses turned a profit earlier than expected. Here is what Disney reported compared with what Wall Street expected, according to LSEG: Earnings per share: $1.39 adjusted vs. $1.19 expected Revenue: $23.16 billion vs. $23.07 billion expected The company’s total segment operating income increased 19% to…
Marc Benioff, cofounder and CEO of Salesforce, attends a session on the Congress centre throughout the World Financial Discussion board in Davos, Switzerland, on January 17, 2023. Fabrice Coffrini | Afp | Getty Photos Shares of Salesforce closed down 20% Thursday, marking the inventory’s worst day in practically 20 years. Its worst buying and selling day on document is…