The Walt Disney Co., Warner Bros. Discovery, and Fox Sports plan to launch their sports streaming app, Venu, by the end of this month, earlier than expected. This launch comes as a federal judge, Margaret Garnett, deliberates on FuboTV's lawsuit…
Netflix will partner with CBS Sports to produce live NFL streams for Christmas Day games in a one-year deal. CBS will provide production crews in exchange for a fee and promotional spots, while Netflix navigates challenges related to ad sales…
TKO Group Holdings reported record Q2 2024 revenue of $851.2 million and net income of $150.7 million, driven by media rights, sponsorships, and live events. The company raised its full-year guidance, expecting revenue up to $2.745 billion. WWE revenue grew…
CBC/Radio-Canada partnered with Accedo to enhance the streaming experience for the Paris 2024 Olympics on CBC GEM and ICI TOU.TV. The updates include new streaming apps for various devices and features like live streaming and improved VOD content. This partnership…
Warner Bros. Discovery is taking a $9 billion non-cash impairment charge due to declining advertising and sports rights renewals, particularly losing the NBA package to Amazon. Additionally, WBD reported $2.1 billion in pre-tax acquisition-related expenses. Despite these challenges, WBD saw…
Roku is launching the Roku Sports Channel, a free ad-supported channel starting August 12, offering sports fans a comprehensive, always-on viewing experience. The channel will feature live and on-demand sports content, including MLB Sunday Leadoff games, live Formula E races,…
NBCUniversal's streaming of the Paris 2024 Olympics surpassed all previous Olympics combined, with 17 billion minutes viewed, mainly via Peacock. On linear TV, NBC continues to rank No. 1 among Adults 18-49, with an average of 32.6 million viewers, marking…
Charles Barkley will remain with TNT Sports, despite earlier plans to retire after next season. Barkley announced his commitment to Warner Bros. Discovery's TNT, even if the company loses NBA media rights. He will continue his role on "Inside the…
Fox Corporation reported mixed Q4 results with revenue at $3.09 billion, slightly below expectations, and net income dropping to $320 million. Adjusted EPS exceeded estimates at 90 cents. Growth in affiliate fees was offset by flat advertising revenues. CEO Lachlan…
Fubo reported its Q2 2024 earnings, showing a subscriber base of 1.45 million in North America, a decrease of 61,000 from the previous quarter, and 1.849 million globally. Despite the seasonal decline, subscribers increased 24% year-over-year. Fubo's revenue rose 26%…
