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…
Warner Bros. Discovery is restructuring into two units: Global Linear Networks and Streaming & Studios. The move aims to unlock shareholder value but faces criticism for dismantling key synergies that power Max and global growth according to Skip.
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,…
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…
MoffettNathanson reports that most Q3 AVOD ad spend focused on Netflix, Prime Video, and Disney Plus, while Peacock saw a 49% boost due to the 2024 Summer Olympics. Excluding the Olympics, AVOD market growth was 36%, but overall growth slowed…
Fox Corp CFO Steven Tomsic announced Tubi’s projected $1 billion revenue this year, up from $150 million at its $440 million acquisition. Despite a $240 million loss last year, Tomsic highlighted Tubi’s 1.8% household TV market share, surpassing Peacock and…
Our latest From the Archives explores the rise and fall of Edgio, originally founded as Limelight Networks in 2001. The company became a trailblazer in adaptive streaming and edge computing, powering events like the Olympics and the rise of OTT.…
Lionsgate has filed an amended Form S-4 with the SEC, advancing its plan to separate its studio operations and Starz into two distinct public companies. The studios business, to be renamed Lionsgate Studios Corp., will operate separately from Starz, which…
Warner Bros. Discovery is facing a shareholder lawsuit over alleged misleading statements about retaining NBA media rights, which were lost to NBCUniversal and Amazon Prime Video. The loss led to a $9-billion cable network write-down and significant stock declines. A…
