BuzzFeed has sold the studio behind the show "Hot Ones" to an affiliate of Soros Fund Management for $82.5 million. The sale is part of BuzzFeed's shift away from content-driven revenue to focus on high-margin, tech-enabled strategies like programmatic advertising…

Paramount Global is restructuring its distribution teams ahead of its 2025 merger with Skydance Media, integrating streaming and TV networks distribution. The move includes layoffs and follows broader cost-cutting efforts to save $500 million annually. Key executive Jeff Shultz will…

Anthem Sports & Entertainment has named Carlos Silva president of Anthem Sports Group, overseeing TNA Wrestling, Invicta FC, and Fight Network. Silva, reporting to CEO Leonard Asper, brings extensive sports and media experience, positioning Anthem for further growth.

Business Insider has reported ad-industry insiders’ views on Omnicom’s $13.25 billion bid to acquire IPG, sparking speculation of further consolidation in the $70 billion advertising sector. The merger reflects pressures from concentrated ad spending by tech giants, AI disruptions, and…

TVREV highlights that Apple TV+'s 43% price hike in Q4 2023 drove a 33% increase in UCAN revenue and significantly boosted ARPU, despite a rise in churn. The platform’s focus on premium original content, which ranks third in demand share,…

Doug Shapiro’s essay highlights the creator media economy’s rapid growth, generating $250 billion in 2023 and projected to exceed $600 billion by 2030. This shift, driven by generative AI, changing consumer preferences for authenticity, and younger demographics, challenges traditional media,…

Samira Bakhtiar of AWS highlights the need for media companies to diversify as the entertainment industry, projected to exceed $1 trillion in 2024, evolves. Online video (35% of revenue) and gaming (25%) dominate, with 5.75 billion mobile users and 3.5…

Samsung TV Plus has launched Letterman TV, a FAST channel exclusive to the U.S. and Canada. The channel features curated content from Late Show With David Letterman, including iconic interviews, Top 10 lists, and segments like "Stupid Pet Tricks," with…

Parks Associates reports that 37% of U.S. internet households with smart TVs use Samsung Tizen as the most common platform, reflecting its dominance in the market. As smart TVs increasingly integrate control capabilities for other smart home devices, the leading…

Awful Announcing, in conversation with sports media experts William Mao and Bob Thompson, highlights the UFC’s $1.5 billion ESPN media rights deal expiring in 2025 as a rare opportunity in a locked-up sports rights market. ESPN is the frontrunner, bolstered…