NBCUniversal and Paramount Global are making small but impactful budget cuts, such as removing the band from Seth Meyers' "Late Night" and reducing MTV News archives. These moves highlight the shifting priorities of media companies as they focus on reducing…

LG Electronics, in collaboration with Qt Group, is enhancing in-car entertainment by integrating Qt’s application framework into its Automotive Content Platform. This move, along with partnerships with Hyundai and Kia, aims to replicate home entertainment in vehicles. The global in-car…

Netflix is proceeding with its plan to phase out its cheapest ad-free tier for existing subscribers, asking users to switch plans by July 13th. The basic plan subscribers, paying $11.99/month, must choose between the $6.99 ad-supported tier, the $15.49 ad-free…

Cineverse reported a 25% increase in subscription-based streaming video revenue to $13.5 million for the fiscal year ending March 31. However, the company faced a net loss of $21.7 million on total revenue of $49.1 million, attributed to a decline…

Barry Diller's IAC is interested in making a deal with Shari Redstone’s National Amusements to take control of Paramount Global. This follows a failed June offer by Skydance Media, RedBird Capital, and KKR to merge Skydance with Paramount. Amid these…

Paramount Global is in discussions with other entertainment and tech companies to merge its Paramount+ streaming service with another platform, potentially initiating new streaming partnerships across the industry. Warner Bros. Discovery and NBCUniversal are among the companies interested in a…

Netflix and Amazon Prime Video commissioned over half of all global SVOD original titles in Q1 2024, with Netflix reaching its highest number of new titles since 2021 and Amazon setting a record. Both companies are boosting international productions to…

Chicken Soup for the Soul Entertainment, the parent company of Redbox, filed for Chapter 11 bankruptcy, citing debts of $970 million and assets of $414 million. The company owes significant amounts to major studios like Universal, Sony, Lionsgate, and BBC,…

FIFA is seeking to raise up to $2 billion to expand its streaming service, FIFA+, targeting financial investors in the US and Middle East. The investment would be for a minority stake in FIFA+, which was launched in 2022 as…

The league says it plans to appeal the Thursday decision The post NFL to Pay $4.7 Billion in ‘Sunday Ticket’ Antitrust Damages, LA Jury Rules appeared first on TheWrap.