Disney's ESPN is deepening its involvement in the sports betting world by launching ESPN BET in partnership with Penn Entertainment, leveraging its sports content to enhance the betting experience. Penn will pay ESPN $1.5 billion over 10 years and grant…

Disney's internal data leak in July revealed that Disney+ generated over $2.4 billion in revenue during the March quarter, making up 43% of the company's direct-to-consumer revenue, which includes Hulu and ESPN+. This emphasizes Hulu's value as Disney seeks to…

Sony Pictures CEO Tony Vinciquerra revealed that Crunchyroll is the only profitable streaming service aside from Netflix, with Sony planning to expand into genre-specific streaming. He predicts the market will consolidate to 3-4 major platforms, with niche services gaining traction.…

Larry Ellison’s FCC filing outlines plans to revitalize CBS and its owned stations if his acquisition is approved. The merger, involving Ellison’s companies and RedBird Capital, aims to enhance CBS’s national news, live sports, and local station digital presence. Ellison,…

Parrot Analytics shows the average number of network TV episodes has dropped from 16.2 in 2018 to 11.8 as of July 2024, while streaming seasons have shrunk from 10.7 to 9.3 episodes. Rising production costs, declining ratings, and subscription growth…

Sony Pictures Entertainment CEO Tony Vinciquerra warned of "chaos" in Hollywood over the next two years, predicting a wave of mergers, bankruptcies, and sales. He highlighted the struggles of companies with cable networks, contrasting Sony’s position with that of Warner…

Janko Roettgers looks at all of the things streaming media is killing as the entertainment industry faces the fallout of its transition to digital. Cord-cutting continues to accelerate, with U.S. pay TV services losing 1.62 million subscribers in Q2 2024,…

Warner Bros. Discovery is launching a new division, Warner Bros. Discovery Global Experiences, to focus on live experiences like theme parks, studio tours, and exhibitions. Simon Robinson will lead the division, with Peter van Roden overseeing licensed ventures like Harry…

Vizio is expanding its free ad-supported streaming TV (FAST) service, WatchFree+, beyond its smart TV ecosystem to mobile devices via the Vizio app on iOS and Android. This marks the first time non-Vizio TV owners can access the service, and…

Verizon Communications plans to acquire Frontier Communications in an all-cash deal valued at $20 billion to enhance its fiber network. Frontier, with 2.2 million fiber subscribers across 25 states, will add to Verizon’s existing Fios network, expanding their combined fiber…