SURJ Sports Investment, a subsidiary of Saudi Arabia’s Public Investment Fund, has acquired a minority stake in DAZN for a reported $1 billion. The deal includes the formation of DAZN MENA, a joint venture aimed at expanding sports broadcasting in…
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…
Philo has reached 1.3 million subscribers, growing 20% year-over-year, and expects to turn its first profit in 2024 with $450 million in annual revenue. The company has also acquired TVOD service Row8, which will be integrated by 2026, and hired…
JioCinema and Disney’s Hotstar have merged into JioHotstar, integrating content from Disney, Warner Bros, NBCUniversal, and Paramount. The move follows Reliance’s $8.5 billion merger with Disney’s Indian assets, creating a joint venture that controls 85% of India's streaming market.
Fox just bought Red Seat Ventures, the company behind podcasts and digital shows from Tucker Carlson, Megyn Kelly, and Bill O’Reilly. Red Seat will sit under Fox’s Tubi Media Group, signaling a bigger move into digital media. As pay TV…
Parler Cloud Technologies has completed its acquisition of Edgio’s content delivery network (CDN) business, EdgeCast, following a bankruptcy auction. The deal expands Parler’s data centers from five to 25 across seven countries and integrates EdgeCast into its Triton DataCenter for…
Lionsgate Entertainment is moving closer to finalizing the separation of its Starz and Lionsgate Studios businesses, with a shareholder vote expected soon. The split aims to allow each entity to focus on its core strengths, with Starz positioned as a…
Paramount Global rejected Project Rise Partners’ $13.5 billion last-minute counteroffer and is moving ahead with an $8 billion merger with Skydance Media. PRP’s bid came too late, as Paramount’s go-shop window closed in August.
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…
