Edgar Bronfman Jr., former Warner Music Chairman, is reportedly pursuing a takeover of National Amusements, the largest shareholder of Paramount Global. Bronfman is seeking financial backing from Fortress Investment Group, Roku, and producer Steven Paul. He may submit an offer…
Lionsgate is on track to split into two companies by the end of 2024, separating its movie studio from the STARZ cable channel and streaming service. Despite a slight dip in subscribers, STARZ remains a strong asset with 21.3 million…
Disney now fully owns Hulu after buying NBCUniversal's 33% stake in December 2023 for $8.6 billion. NBCUniversal argues Hulu's value is higher, leading to arbitration. A third appraiser will determine the final payment, potentially up to $5 billion more, in…
Warner Bros. Discovery executives have opted against splitting the company, choosing instead to sell smaller assets like Polish broadcaster TVN and a stake in its video game division to manage $39 billion in debt. The decision follows a 67% decline…
Banijay Group, formerly FL Entertainment, reported an 8.6% revenue increase to €2 billion in the first half of 2024. While online sports betting and gaming revenues surged by 41.7% to €698 million, content production and distribution revenues declined by 2.7%…
Dolby has acquired THEO Technologies to enhance its real-time streaming capabilities, particularly for sports and entertainment. The acquisition will combine Dolby Millicast's ultra-low latency streaming with THEO's cross-platform playback solutions, aiming to boost fan engagement through interactive, real-time content. Financial…
Paramount Global is set to be sold to Skydance Media, aiming to bolster Paramount's weak gaming division. Skydance, with two internal game studios, could significantly enhance Paramount's gaming presence. Skydance Interactive and Skydance New Media have successful titles and high-profile…
Warner Bros. Games has acquired Player First Games, the Los Angeles-based developer behind the free-to-play platform fighter videogame MultiVersus. The acquisition will see Player First Games continue under the leadership of co-founders Tony Huynh and Chris White, reporting to Warner…
Warner Bros. Discovery (WBD) CEO David Zaslav's strategy to merge Discovery and HBO Max has not achieved the expected subscriber growth and profitability to compete with Netflix and Disney+. Analysts suggest either a spinoff of the movie studio and direct-to-consumer…
Paramount Global is in talks to potentially sell Pluto TV, led by Pluto TV's co-founder. While no valuation or official offers have been made, the sale's value will depend on whether it includes exclusive access to Paramount's content. Pluto TV's…
