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…
Amazon is considering selling MGM Alternative, the unscripted production company behind hit shows like Survivor, The Voice, and Shark Tank, just two years after acquiring MGM Studios for $8.5 billion. The potential sale reflects Amazon's focus on franchise-based entertainment and…
Sony Corp. and Zee Entertainment have settled all legal disputes related to their failed $10 billion merger in India. The deal collapsed due to leadership disagreements, leading to legal proceedings in multiple courts. Both companies have now withdrawn their respective…
The NBA has filed a motion to dismiss a lawsuit by Warner Bros. Discovery (WBD), which accuses the league of breaching its contract by pursuing a future streaming deal with Prime Video. The NBA secured a $76 billion media rights…
India’s Competition Commission (CCI) has raised initial concerns about the proposed $8.5 billion merger between Reliance and Walt Disney’s media assets in the country, particularly over cricket broadcast rights. Cricket dominates India’s sports market, and the combined entity would have…
