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…
Venu Sports, formerly known as "Spulu" and sometimes referred as "Clown Co" has officially been scrapped before launch. Disney's acquisition of Fubo effectively duplicated Venu’s concept, rendering the project redundant. Venu joins a long list of failed sports media ventures,…
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…
Comcast announced the leadership team for SpinCo, led by CEO Mark Lazarus and CFO Anand Kini. The team includes NBCU vets in key roles, such as Val Boreland (entertainment), Keith Cocozza (comms), and David Pietrycha (revenue and business). SpinCo, launching…
In LA Times introspection, 2025 will bring significant shifts to entertainment. Disney’s Hulu Live TV-Fubo merger clears antitrust hurdles for its Venu Sports launch, signaling streaming consolidation. AI adoption accelerates with studios like Lionsgate, though labor concerns persist. The box…
Disney has announced plans to merge its Hulu + Live TV service with Fubo, creating the second-largest live TV streaming platform in the U.S., behind YouTube TV. The merger resolves Fubo’s lawsuit against Disney, Fox, and Warner Bros. Discovery over…
