Warner Bros. Discovery has added Max to The Roku Channel as part of its channels lineup, marking a strategic pivot back to third-party distribution. Originally focused on direct-to-consumer sales, WBD’s move reflects current priorities to boost cash flow and manage…
Penn Entertainment’s Q3 revenue met expectations at $1.64 billion, with strong growth in its ESPN Bet segment, which saw a 24.6% revenue increase to $244.6 million. However, losses in the segment nearly doubled to $90.9 million, emphasizing the importance of…
TKO, parent of UFC and WWE, posted $681.2 million in Q3 revenue, boosted by content licensing and event income. While UFC saw a revenue dip from fewer events, WWE’s media rights gains offset this, supporting TKO’s reaffirmed high-end 2024 revenue…
Business Insider explores how David Zaslav of Warner Bros. Discovery pursued a merger with Paramount throughout 2024 but never made a formal cash offer, a key condition for Paramount's Shari Redstone. With no proposal from WBD, Paramount opted for a…
The Wrap report reveals that major streaming companies like Netflix, Disney, and Paramount are expected to reach a record $126 billion in content investment this year, according to Ampere Analysis. This surge is largely directed towards streaming, with $40 billion…
Shari Redstone will exit the Paramount Global board in 2025 once Skydance Media and RedBird Capital acquire her company, National Amusements Inc., and merge with Paramount. The new entity, temporarily named "New Pluto Global, Inc.," will have an 11-member board…
Charter Communications will bundle ad-supported streaming services like Max, Disney+, and Paramount+ into select cable packages at no extra cost starting in early 2025. CEO Chris Winfrey outlined the phased rollout aimed at boosting subscriber retention and acquisition as traditional…
MyBundle is set to launch a centralized platform for Black Friday streaming deals, accessible through its website and partner broadband ISPs. This move aligns with MyBundle’s strategy to facilitate the cable-to-streaming transition by positioning itself as a neutral aggregator, offering…
The DOJ is preparing to support an injunction blocking the launch of Venu Sports, the streaming JV by Disney, Fox, and Warner Bros. Discovery, over concerns that its "skinny bundle" plan is anti-competitive. The case, initiated by Fubo, has attracted…
Over at StreamTV Insider, Kirby discusses the growing frustration among media companies over platform taxes and the loss of customer control due to third-party platforms like Apple and Roku taking a share of revenue. Disney’s move to eliminate in-app billing…
