OnlyFans owner Leonid Radvinsky is in talks to sell the company to an investor group led by Forest Road Co. at a potential $8B valuation. The discussions are non-exclusive, with no deal finalized. Despite concerns over its adult content reliance,…
California is moving to include animation in its Film & TV Tax Credit program, aiming to stop the exodus of jobs to cheaper global markets. Projects over 20 minutes and with $1M+ budgets would qualify, potentially benefiting studios like Disney…
S&P downgraded Warner Bros. Discovery to BB+ junk status, citing continued revenue and cash flow declines in its linear TV business and a lack of near-term debt improvement. The agency lowered its EBITDA forecasts for 2025 and 2026, now expecting…
Variety discusses how this year’s TV upfronts were steeped in irony and anxiety, with media giants putting on a confident face despite industry-wide budget cuts, layoffs, and shifting strategies. Live sports dominated pitches, scripted TV continued to shrink on broadcast,…
Front Office Sports discusses how Tidal League, founded by Kurt Benson, went from $0 to over $1 million in revenue in 2022 by building a sports media brand backed by ex-NBA and NFL players like Theo Pinson and Charlie Villanueva.…
Charter Communications is acquiring Cox Communications for $34.5 billion, forming the largest cable and broadband provider in the U.S. by subscribers. The deal also sees Charter taking over Liberty Broadband, marking the end of John Malone’s long-standing influence in the…
Sony reported an 18% rise in annual net profit to ¥1.14 trillion ($7.32B), driven by its Music and Pictures divisions despite a 24% drop in Q4 revenue. Gaming and consumer electronics saw quarterly declines, while the company beat analyst expectations…
Netflix has officially broken ground on a $1 billion production facility at Fort Monmouth, New Jersey, marking its largest East Coast expansion and a major win for the state’s media ambitions. Fueled by some of the most aggressive tax incentives…
The Hollywood Reporter covers the kickoff of the 2025 Upfronts in New York, where major media companies like NBCUniversal, Disney, and Warner Bros. Discovery are pitching advertisers in a volatile economic environment. With uncertainty around tariffs, inflation, and shifting market…
AMC Networks is continuing to pivot away from its declining cable business by expanding its streaming strategy across three pillars: programming, partnerships, and profitability. Despite a 7% drop in total Q1 revenue to $555 million due to cord-cutting and weaker…
