Warner Bros. Discovery, led byCEO David Zaslav, reported on Thursday that it ended 2024 with 116.9 million global streaming subscribers, compared with 110.5 million as of the end of September. The figures include subs for Max and Discovery+. Streaming subs grew both in the U.S. and in international markets in the fourth quarter. In a shareholder newsletter published with the...

Charlie Ergens EchoStar reported a net pay-TV subscriber drop of approximately 253,000 in the fourth quarter, compared to a decrease of approximately 314,000 in the year-ago period. The company ended the year 2024 with 7.78 million pay-TV subscribers, including 5.69 million Dish TV subscribers and 2.09 million Sling TV subscribers. Overall, we made improvements in all of our lines of...

The European Investment Fund (EIF) is investing 25 million ($26 million) in a Finnish fund aimed at bolstering movies and TV series made predominantly in Europe. The capital injection is going into film and TV investor IPR.VCs alternative investment fund IPR.VC Fund III which now exceeds 100 million ($105 million) for content production. Headquartered in Helsinki and with an office...

A federal judge has rejected Pepperdine Universitys bid for a court order to block Netflix from releasing parts of episodes of its upcoming series Running Point that allegedly infringe on its basketball teams trademarks. With the denial on Wednesday of the temporary restraining order, Netflix will continue with plans to release the sports comedy tomorrow. The legal battle revolves around...

Paramount is stepping back from some policies aimed at boosting diversity among its ranks amid a larger retreat from DEI initiatives in the private sector driven by the Trump administration. The changes include eliminating staffing goals tied to race, ethnicity, sex and gender, according to an internal memo obtained by The Hollywood Reporter. The company will also stop collecting gender...

Californias film and television tax incentive program is potentially primed for a major boost. Two bills were introduced on Wednesday whose details have not yet been ironed out but are set to diversify the kind of productions that can qualify for Californias film and television tax credit program. The legislation, designed to augment California Gov. Gavin Newsoms proposed increase to...

In its first full year as a standalone public company, TKO Group Holdings delivered strong revenue growth and a healthy profit. Now it expects to turbocharge that growth in 2025, with a number of big deals on the horizon. TKO reported its Q4 earnings Wednesday afternoon, with topline revenue of $642.2 million, net income of $47.5 million, and adjusted EBITDA...

Paramount Global reported its fourth-quarter financial results on Wednesday with a streaming loss posted ahead of a sale of the studio to Skydance Media. The Hollywood conglomerate earlier said the timing of content and marketing expenditures would produce a loss for the streaming business in the fourth quarter, even as domestic profitability for its Paramount+ streaming platform is forecast in...

Variety is appealing a judges ruling denying its bid to dismiss a defamation lawsuit from Francis Ford Coppola, who sued the outlet over a story about alleged misconduct and the absence of traditional checks and balances in place on the set of Megalopolis to protect against sexual harassment. The legal battle revolves around a Variety report last year that Coppola...

TKO Group Holdings, the owner of UFC, WWE and soon IMG, PBR and other sports brands, is launching its first takeover over a city, bringing its three tentpole companies under one roof over the course of a long weekend. The company said Wednesday that it would launch a takeover of Kansas Citys T-Mobile Center in April, bringing a Professional Bull...

Recognizing live sports is key to future streaming bundling strategies, Warner Bros. Discovery has pulled plans to charge Max ad-free subscribers extra for sports and news content. On Wednesday, the studio announced Max, at least for now, will offer sports and new content at no additional cost to standard and premium tier subscribers in the U.S. market. At the same...

With David Shipley stepping down as editor of The Washington Post opinion pages, the newspapers owner, Jeff Bezos, has announced a dramatic shift in focus for the storied publication. Im writing to let you know about a change coming to our opinion pages. We are going to be writing every day in support and defense of two pillars: personal liberties...

The New York Posts Page Six is launching a new daily morning show with SiriusXM. Hosted by the New York Posts Danny Murphy and Evan Real, who also helm a reality show podcast for the publication, and editor Ian Mohr, Page Six Radio will feature celebrity and pop culture news, as well as behind-the-scenes stories, coming from the pages of...