Disney faces a shareholder lawsuit advancing in court, accusing former CEO Bob Chapek and executives of misleading investors about streaming losses tied to aggressive Disney+ growth targets. The suit claims Chapek concealed costs, inflated subscriber counts through promotions like Verizon…
Paramount's merger with Skydance got the green light from the SEC and European Commission, but it's not smooth sailing just yet. The FCC is digging into the deal, partly due to renewed political drama around CBS News, and shareholders are…
China’s State Administration for Market Regulation (SAMR) is scrutinizing Apple’s 30% in-app purchase commission and restrictions on third-party payments, citing potential anti-competitive practices. The review follows disputes with Tencent and ByteDance and comes amid rising US-China tensions. With an 11%…
Project Rise Partners has submitted a $13.5 billion bid for Paramount Global, surpassing the $8 billion Skydance-RedBird offer backed by Larry Ellison. PRP's proposal offers higher shareholder payouts, $2 billion in financing, and commitments to grow Paramount’s workforce. The group…
Epic Games is planning to pay Apple's Core Technology Fee (CTF) for developers in the EU who distribute their apps through the Epic Games Store for one year. This move is part of Epic's effort to attract developers to its…
Apple's new CFO, Kevan Parekh, testified in a UK antitrust lawsuit, denying claims that the company knows its App Store profit margin, estimated independently at 75–78%. The lawsuit alleges Apple abuses its monopoly on iPhone app distribution to charge excessive…
DirecTV and Dish Network have united to challenge the recently announced Fubo-Disney pay TV merger, which effectively ended Fubo’s antitrust lawsuit against Disney over the launch of Venu Sports. Both satellite providers argue the settlement allows Disney to sidestep antitrust…
The U.S. Supreme Court will hear TikTok's challenge to a law requiring ByteDance to divest or face a U.S. ban starting January 19, 2025. TikTok claims the law violates free speech rights, while the government cites national security concerns over…
Apple successfully appealed a Brazilian antitrust regulator’s ruling that required enabling sideloading on iOS within 20 days. A federal judge deemed the regulator Cade's decision "disproportionate and unnecessary," citing the global implications and technical complexity of the proposed changes.
The DOJ and 16 state attorneys general are backing Fubo TV in its antitrust lawsuit against Venu Sports, arguing for a temporary injunction blocking Venu’s launch. Fubo claims Venu Sports, backed by Disney, Fox, and Warner Bros Discovery, would harm…
