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…
Paramount Global and Skydance Media are merging in an $8 billion deal to revitalize the studio, expand digital distribution, and cut costs. The merger, announced on July 8, will feature a new logo combining Paramount and Skydance elements. David Ellison…
Paramount Global and Skydance Media have finalized a $28 billion merger, with David Ellison taking over as CEO. Ellison aims to transform Paramount into a tech-driven powerhouse by enhancing Paramount+'s technology and using AI for operations. The merger faces industry…
Discovery and AT&T’s 2022 merger of Warner Bros. for $43 billion faced a shareholder lawsuit over fairness. A $125 million settlement has now been reached. AT&T holds 71% ownership of Warner Bros. Discovery, with Discovery owning 29%, and Discovery's leadership…
