Reliance Industries and Disney have merged their media assets, including Star India, Viacom18, JioCinema, and Hotstar, in an $8.5 billion deal, creating one of India’s largest entertainment entities. The joint venture combines over 100 TV channels, 30,000 annual hours of…
The Wrap reports that Skydance Media, led by David Ellison, has struggled financially since 2021, with losses reaching $56 million in 2023 and 40% lower year-over-year revenue in the first half of 2024. Despite being valued at $4.75 billion, Skydance…
Viant Technology has acquired IRIS.TV to strengthen its position in the CTV advertising ecosystem. This acquisition will allow Viant to expand IRIS.TV's CTV content identification service, IRIS_ID, to more publishers, enhancing standardized content classification, contextual targeting, and brand safety for…
Dish Network creditors have rejected a bond exchange offer required for Dish’s planned merger with DirecTV, creating uncertainty about the deal. The creditors objected to a $1.5 billion minimum loss on the bonds, calling for an additional $300 million reduction.…
The Hollywood Reporter examines John Malone’s strategic portfolio shifts, with analysts predicting possible asset spin-offs at Warner Bros. Discovery (WBD) to unlock value, and a tax-efficient merger between Charter Communications and Liberty Broadband. These moves align with Malone’s focus on…
Kirby chops it up with The Streaming Madman, exploring his picks for the worst mergers of all time and examining the turbulent world of media consolidations. Kicking off with the rumored Warner Bros. Discovery and Paramount merger, ultimately abandoned by…
TKO, parent of UFC and WWE, posted $681.2 million in Q3 revenue, boosted by content licensing and event income. While UFC saw a revenue dip from fewer events, WWE’s media rights gains offset this, supporting TKO’s reaffirmed high-end 2024 revenue…
Shari Redstone will exit the Paramount Global board in 2025 once Skydance Media and RedBird Capital acquire her company, National Amusements Inc., and merge with Paramount. The new entity, temporarily named "New Pluto Global, Inc.," will have an 11-member board…
Comcast announced it is considering spinning off its cable TV channels into a new company, a move that led to a 4% jump in its stock on an otherwise down market day. The proposal, still in early stages, aims to…
David Ellison, Skydance CEO, will hold full voting control over the Ellison family's interests in the upcoming Skydance-Paramount merger, with the deal expected to close in mid-2025. Ellison will lead "New Paramount," with a 77.5% stake held by Ellison-controlled Pinnacle…
