Latest Business News
Super Bowl Goes to Los Angeles In 2027
The Super Bowl is returning to Los Angeles. The NFL says that Inglewood’s SoFi Stadium will host the 2027 Super Bowl, a move that will make L.A. the center of the sports universe for the second half of the 2020s. The 2027 Super Bowl will be broadcast by ABC and ESPN, the first time the […]
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CAA Promotes Two to Executive, 14 to Agents
Major talent agency giant CAA has promoted 16 rising employees to agent or executives. Khalil Roberts becomes an executive in the agency’s book department after he joined CAA in 2019 as a receptionist, and most recently served as a coordinator. And London-based Sarah Phillips, who also joined the agency in 2019, has been upped to […]
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WWE-Major League Wrestling Antitrust Face-Off Ends In Settlement
WWE has settled a lawsuit brought by a rival accusing it of monopolizing the professional wrestling media market. In a joint filing, lawyers for the company and Major League Wrestling on Monday notified the court of a deal resolving the case. Details weren’t disclosed. The suit, filed last year, accused WWE of “unlawfully interfering with […]
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More Media Megadeals in 2024? Top Accounting Firm Thinks It’s a Good Bet
This year saw a slowdown in terms of media and telecommunications sector dealmaking, but there are signs of a recovery in M&A activity, top accounting and consulting services firm PricewaterhouseCoopers said in a Wednesday report. Deal talk has returned to the sector with a vengeance, driven by recent talk that Paramount Global and its parent […]
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“You Pay to Play”: A Major Showdown Over Funding Streaming TV and Movies Is Underway in Canada
U.S. streaming giants were already in an uncomfortable position after Canada reined them in with first-time spending obligations to support the production of homegrown movies and TV series. But as 2023 ends, the country’s TV and telecom regulator is at odds with American streamers over how much cash they are now obligated to fork over […]
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Fox News Makes Changes In Its C-Suite
Fox News is making significant changes to its C-suite, promoting three executives and handing oversight of Fox Nation and Fox Business Network to new leaders. Jason Klarman, who had been president of the Fox Nation streaming service, has been upped to chief digital and marketing officer, reporting to Fox News CEO Suzanne Scott. Lauren Petterson, […]
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European Parliament Votes Not to Ban Geo-Blocking for Film and TV — For Now
The European Parliament on Wednesday followed the advice of its film and TV industry and did not ban geo-blocking for films and TV content across the European Union. Last week, more than 600 film and TV companies from across Europe, as well as representatives of Hollywood studios, sports leagues, film festivals and film and TV […]
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MSNBC Brings Back Luke Russert to Spearhead New Live Events Business (Exclusive)
MSNBC wants a piece of the live events business, and it is bringing back a familiar face to lead its effort in the space. MSNBC is launching a live events brand called “MSNBC Live” next year, combining live interviews and panel discussions, as well as forums and other events featuring MSNBC anchors and talent. The […]
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Datwon Thomas Named Executive Producer of Talent at Dick Clark Productions
Dick Clark Productions has named Datwon Thomas as the executive producer of talent. In the newly created role, Thomas will be part of DCP’s in-house talent team, collaborating on talent strategy, relations, bookings and creative. “We’re very excited to have Datwon bring his experience and unmatched expertise in hip-hop and R&B to DCP,” says Jay […]
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E3 Shuts Down After Two-Decade Run as Video Game Industry’s Biggest Convention
It’s official: E3 has been shut down as the video game industry’s biggest convention and media platform for good. “After more than two decades of E3, each one bigger than the last, the time has come to say goodbye. Thanks for the memories,” the Entertainment Software Association, the video game trade association, said on its […]
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Fox’s Tubi to Stream DC Titles Including ‘The Batman,’ ‘Black Adam,’ ‘Wonder Woman’
Tubi has expanded its partnership with Warner Bros. Discovery to stream many of its DC titles, including The Batman, Suicide Squad, Black Adam, Wonder Woman and Aquaman. Fox’s free, ad-supported streamer will also offer series on-demand including Batwoman, Gotham, Lois & Clark: The New Adventures of Superman, as well as Birds of Prey (and the […]
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Dennis Ruh Out as EFM Director After 2024 Market
The shake up at the Berlin Film Festival has begun. Just hours after former BFI London festival director Tricia Tuttle was named to take over from Carlo Chatrian and Mariëtte Rissenbeek as the new head of the Berlinale, Dennis Ruh, director of Berlin’s European Film Market (EFM) is out. Ruh on Tuesday confirmed he will […]
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SiriusXM to Combine With Liberty Media Tracking Stock Group
Liberty Media’s Liberty SiriusXM tracking stock group will combine with satellite radio and audio entertainment giant SiriusXM to create a new public company, dubbed “New SiriusXM,” which will continue to operate under the SiriusXM brand, the companies said on Tuesday. Liberty, led by president and CEO Greg Maffei and chairman John Malone, owned an 83 […]
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Spotify Inks Podcast Deal With Warner Bros. Discovery for CNN, HBO and More Shows
Spotify has teamed with Warner Bros. Discovery on a podcast distribution and monetization partnership. The deal will see Spotify’s enterprise podcast platform, Megaphone, host and distribute select podcasts from Warner Bros. Discovery, including CNN’s All There Is with Anderson Cooper, The Assignment with Audie Cornish and HBO’s The Official Game of Thrones Podcast: House of […]
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Elon Musk Twitter Takeover Lawsuit Gains Steam as Judge Advances Investors’ Claims
In the months after negotiating a buyout of Twitter but before being forced to consummate the deal in October 2022, Elon Musk deployed scorched-earth tactics in an attempt to lower the price of the $44 billion acquisition. On Monday, a federal judge advanced a lawsuit from investors who say they suffered losses when they sold […]
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Hasbro Plans to Cut 1,100 Additional Jobs
Hasbro plans to eliminate approximately 1,100 positions amid continued headwinds in the toy business. In a memo to employees, CEO Chris Cocks said while the toymaker has seen some improvements due to a retooled supply chain and improved inventory, the market headwinds “have proven to be stronger and more persistent than planned.” The company had […]
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