The activist investor Nelson Peltz says that he reconnected Tesla CEO Elon Musk to President-elect Donald Trump, hosting the two of them for breakfast at his home in the late spring, months before Musk began to support his campaign. Speaking at CNBCs Delivering Alpha Conference in lower Manhattan Wednesday, Peltz noted that he is a personal friend of Musks, and...

Creative Artists Agency has found a new top finance officer from outside its ranks. The Century City-based talent representation giant has hired Asurion executive John Storey as its chief financial officer, the agency said on Wednesday. Storey will succeed Carol Sawdye, who had overseen CAAs finances since taking over the role three years ago after the promotion of Jim Burtson...

Disney has settled a class action accusing it of rampant pay discrimination. Both sides have informed the court of an agreement to resolve the case. Terms of the deal werent disclosed. The Parties have reached a tentative agreement and are currently working on finalizing the terms in the form of a written settlement agreement, lawyers for the plaintiffs and Disney...

Kelly Day, vp, Prime Video International, on Wednesday told the international team at Amazons Prime Video thatAndrew Bennettwill lead the Prime Video Europe teams from January, in addition to overseeing the global third-party device business development and partnerships team for Prime Video globally. Bennett replaces Barry Furlong, vp, Prime Video Europe, who will be moving on from his role in...

Liberty Media Corporation CEO Greg Maffei will step down from his role at the end of 2024. John Malone, chairman of Liberty Media, will assume the role of interim CEO. Maffei will step down at the expiration of his contract at year-end and will serve as a senior advisor starting Jan. 1 to support the management transition. Maffei steps down...

In November of last year, facing the longest bout of unemployment shed ever experienced, Paulina Williams was seriously considering what she would do if she had to leave the entertainment industry. The veteran reality television executive producer and showrunner with about 20 years of experience on projects like Laguna Beach: The Real Orange County and Big Brother recalls her husband...

The mid-19th century was defined by the gold rush, as investments poured westward to fund the mining of the precious metal. The early 20thcentury was powered by the oil boom, as demand for petroleum products skyrocketed and new pockets were uncovered around the country. Broadcast spectrum may not be as valuable as gold, or as versatile as oil, but there...

Animation workers marched to the DreamWorks Animation offices on Tuesday to deliver a petition demanding a fair deal less than a week before their union contract negotiations restart. Workers and supporters walked to the companys location in Glendale to deliver a petition that the union previously presented to Netflix during a similar demonstration on Oct. 24. The union says that...

John Kimble, who had a long career as a Hollywood talent agent at Writers Artists, Kimble/Parseghian, DHKPR, Triad Artists and the William Morris Agency, has died. He was 79. Kimble died Sunday in Dallas, where he retired in 2022 to be close to family, former CBS Entertainment chair Nina Tassler announced. She was his assistant at Triad from 1985-90, and...

Billionaire money manager Mario Gabelli is ramping up scrutiny of Skydances deal to take control of Paramount Global. In a petition to the FCC, Gabelli urged the commission not to transfer control of broadcast licenses held by Shari Redstones National Amusements to Skydance until he decides whether to sue for breach of fiduciary duty. He claimed Paramount has failed to...

Monthly active users at Spotify rose 11 percent year-over-year to reach 640 million in the third quarter, while total paid subscribers increased 12 percent to 252 million, with both beating the companys guidance by 1 million. Total revenue was up 19 percent to reach 4 billion, in line with the companys expectations. Operating income improved to 454 million, thanks to...

Despite the controversy over Nicole Scherzingers social media post, Sunset Blvd. just had its highest grossing week yet. The musical revival, starring Scherzinger as Norma Desmond, brought in $1.86 million last week, the third highest total in the industry for the week, and played to close to 97 percent capacity at the St. James Theatre. The grosses came in a...

Netflix says that users of its advertising tier have surged in the past six months, and that the ad tier now has 70 million monthly active users globally. That is up from only 40 million just six months ago, and up from 15 million a year ago. The company also reiterated that more than half of new users are subscribing...