Sony Pictures Entertainment announced that Chairman and CEO Tony Vinciquerra will step down on January 2, 2025, with Ravi Ahuja, currently Chairman of Global Television Studios and President and COO for SPE, taking over as President and CEO. Vinciquerra, who…
DirecTV and Dish Network are merging in a $10 billion deal, creating the largest pay-TV provider in the U.S. DirecTV will acquire Dish's satellite business and Sling TV, with the transaction involving a $9.75 billion debt exchange. The merger aims…
The Hollywood Reporter contemplates which Ellison will truly control Paramount after Skydance chief David Ellison is installed as CEO. While David is set to lead the company and manage its operations, his father, Larry Ellison, will retain control through the…
Fubo's antitrust lawsuit against Disney, Fox, and Warner Bros. Discovery could reveal sensitive details about carriage negotiations and challenge the traditional pay-TV model. The suit, which accuses the media giants of anti-competitive bundling practices, has already led to an injunction…
Fox CEO Lachlan Murdoch signaled the company's intent to pursue mergers and acquisitions, leveraging its strong balance sheet. Fox will continue investing in live content like news and sports, as well as in Tubi, but plans to acquire 18% of…
Larry Ellison’s FCC filing outlines plans to revitalize CBS and its owned stations if his acquisition is approved. The merger, involving Ellison’s companies and RedBird Capital, aims to enhance CBS’s national news, live sports, and local station digital presence. Ellison,…
Sony Pictures Entertainment CEO Tony Vinciquerra warned of "chaos" in Hollywood over the next two years, predicting a wave of mergers, bankruptcies, and sales. He highlighted the struggles of companies with cable networks, contrasting Sony’s position with that of Warner…
Verizon Communications plans to acquire Frontier Communications in an all-cash deal valued at $20 billion to enhance its fiber network. Frontier, with 2.2 million fiber subscribers across 25 states, will add to Verizon’s existing Fios network, expanding their combined fiber…
Paramount Global is considering selling up to a dozen local TV stations, potentially generating $500 million to $1 billion. This move reflects a strategic shift towards digital platforms and highlights concerns about media consolidation and the future of local broadcasting.…
Edgar Bronfman Jr. withdrew his $6 billion bid for Paramount, clearing the way for Skydance Media to complete an $8 billion merger deal with the media company. Bronfman’s bid faced significant financial scrutiny and tight deadlines, which ultimately led to…
