In 2024, Live Nation reported operating income of $825 million and concert attendance up 4 percent, with 151 million fans attending over 50,000 Live Nation events. The company brought in total revenue of $23 billion, with the concert segment bringing in $19 billion of that revenue, up 2 percent from the prior year. The company reported adjusted operating income of...

Blake Livelys public relations representative is arguing that she should be dismissed from the legal standoff between the actress and Justin Baldoni because she never defamed the It Ends With Us director. Leslie Sloane of Vision PR, in a motion filed in New York federal court on Thursday, says that the allegedly false statements cited in Baldonis lawsuit are opinions...

Spotify will now accept more AI-narrated audiobooks on its platform through a partnership with ElevenLabs. The AI software company provides voice narration that has the ability to narrate books in 29 languages and gives the author control of the voice and intonation. Books that use AI narration will be marked in the metadata on Spotify and the book description will...

Netflix has committed to invest $1 billion in Mexico for the production of series and films over the next four years, meaning from 2025 through 2028, co-CEO Ted Sarandos said during a press conference with Mexican President Claudia Sheinbaum on Thursday. This investment, and the productions derived therefrom, will benefit Mexican production companies and will contribute to the growth of...

Raphael Luce has signed with Elite Model Paris to expand into the fashion world. Luce is best known for playing young Henry Creel in NetflixsStranger Thingsseason 4, in addition to roles in Disney+s Loki and Showtimes The First Lady. Having already attended movie premiere red carpets and been featured on fashion magazine covers, Luce will now join the roster of...

Spanish-language media giantTelevisaUnivisionreported a 2 percent U.S. revenue gain to $835.5 million for the fourth quarter of 2024 and a 5 percent U.S. subscription and licensing revenue improvement to $346.5 million. The company, led by CEO Daniel Alegre, said that its streaming business with its flagship service ViX posted another profit in the fourth quarter of 2024 after achieving profitability...

Maxs long-awaited standalone launch in Southeast Asia proved to be a success, with Warner Bros. Discoverys streamer capturing 1.4 million subscribers in the region in Q4 2024, according to new research. In The Southeast Asia Online Video Consumer Insights Analytics Report published by Singapore-based media consultancy Media Partners Asia (MPA), Max entered five Southeast Asian markets Thailand, Malaysia, Indonesia, Singapore...

A federal judge has advanced a lawsuit against Disney from investors who claim that they were misled about the extent of the entertainment giants losses stemming from its lofty subscriber growth and profitability targets under the era of ousted CEO Bob Chapek. U.S. District Judge Consuelo Marshall on Wednesday denied a bid by Disney to dismiss the lawsuit, finding that...

Imax released its fourth quarter earnings on Wednesday and posted higher net earnings on rising overall revenues. That came as tentpoles likeGladiator II, Venom: The Last Dance and Mufasa: The Lion King performed best on its screens during the latest financial period. A year earlier, Imax had Aquaman and the Lost Kingdom, Taylor Swift: The Eras TourandWonkaon the cinema technology...

Sony Pictures Television has promoted two veteran executives to lead the studios distribution business. Mike Wald and Jason Spivak have been named co-presidents of distribution and networks, where theyll be in charge of Sony Pictures TVs combined television and home entertainment distribution unit. Theyll report to SPT chairman Keith Le Goy, who headed distribution before moving into the top job...

Carroll Guido Groffman Cohen Bar Karalian has elevated attorneys Celine Hollenbeck and Jenna Akemi to partner, the music and entertainment law firm announced Wednesday morning. Hollenbeck, based out of the firms Los Angeles office, has been with the company since 2017. Kon, based out of its New York office, joined the firm in 2018. The firm welcomes the pair to...

Another top executive is exiting CBS News, as the news division continues to reel amid reported settlement talks between owner Paramount Global and President Trump. Adrienne Roark, who was named president of editorial and newsgathering at CBS News just seven months ago, is exiting the company to take a senior role at the local TV station giant Tegna. Roark was...

Exhibition giant Cinemarkreported record fourth-quarter revenue of $814 million, up 27 percent year-over-year and 3 percent above the pre-COVID pandemic fourth quarter of 2024. The company swung to a fourth-quarter profit of $51.3 million, compared to a year-earlier loss of $18.0 million. The company posted quarterly adjustedearningsbefore interest, taxes, depreciation and amortization (EBITDA), another profitability metric, of $156.9 million on...