Tag: cable networks

Warner Bros. Discovery is facing a shareholder lawsuit over alleged misleading statements about retaining NBA media rights, which were lost to NBCUniversal and Amazon Prime Video. The loss led to a $9-billion cable network write-down and significant stock declines. A…

The Streaming Wars compiled key industry reactions to Comcast’s decision to spin off its cable networks, signaling a strategic pivot to streaming, broadcast, and sports. Analysts view the move as an acknowledgment of legacy cable's declining value amidst the collapse…

The Streaming Madman critiques the recent wave of cable network devaluations and corporate spinoffs, framing them as desperate attempts by media conglomerates to offload failing assets. Paramount, Warner Bros. Discovery, and now Comcast have written down or restructured billions in…

Comcast is spinning off its NBCUniversal cable networks, including MSNBC and CNBC, into a separate $7 billion entity to focus on streaming and broadcast growth. Bravo, NBC, and Peacock will remain within NBCUniversal. The spinoff, expected to take a year,…

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…

Variety looks into Warner Bros. Discovery's myriad of challenges including legal battles, ad sales conflicts, and declining morale at CNN, while struggling to maintain relationships with key stakeholders like advertisers and sports leagues. WBD's financial health, impacted by a $9.1…

Netflix achieved the highest growth among media distributors in June, driven by the third season of Bridgerton, with an 11.8% increase in viewing, according to Nielsen's Media Distributor Gauge report. Disney retained the top spot with 10.8% of total TV…

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…

Paramount Global is exploring asset sales to save $500 million annually, reduce debt, and focus on streaming. Potential sales include BET Media, linear cable networks like Comedy Central and Nickelodeon, and international networks such as Network 10 and Channel 5.…