Live Nation reported revenue of $7.7 billion, down 6 percent from the same period a year ago, and operating income of $640 million for the third quarter, down 2 percent, as the ticketing and promotion company predicts more concert momentum heading into 2025. The companys concert sector brought in $6.6 billion, also down 6 percent from the same period last...

Unionized workers at the nonfiction production company behind PBS Finding Your Roots with Henry Louis Gates, Jr. have greenlit a first union contract with their employer. Producers, researchers and archivists at McGee Media who are unionized with the Writers Guild of America East have ratified a recent tentative agreement reached by negotiators, the union announced on Monday. The entire 25-member...

What is John Malone up to? One of the long-running parlor games on Wall Street and in Hollywood is afoot again amid the media moguls noticeable portfolio-changing moves. His knack for lying low until a deal comes to him earned him the nickname swamp alligator, and observers see this as the time for the 83-year-old to clarify, simplify and optimize...

Warner Bros. Discovery (WBD) and Amazons Prime Video have expanded their partnership to make WBDs streaming service Max available as an add-on subscription through Prime Video, bringing that option to Sweden and the Netherlands, where it is called HBO Max, starting on Monday. Prime Video customers will be able to subscribe to watch the likes of The Penguin, House of...

Investor Bill Ackman wants to bring Universal Music Group back to the United States, and he says he has a contractual right to do so. In a post on X, Ackman said that he plans to centralize his company Pershing Square Holdings at the London Stock Exchange and eliminate its listing on Amsterdams Euronext exchange. He adds in the post...

On Nov. 7, a day after Donald Trumps presidential victory, Warner Bros. Discovery chief David Zaslav delivered a not-so-subtle message to Wall Street: Its open season on dealmaking, and Hollywood is better off for it. Discussing the narrowing field of players in a media and entertainment environment thats in a generational disruption, the CEO said that the upcoming administration may...

Paramount Globalreported its third-quarter financial results and latest streaming updates, including a swing to a streaming profit from a year-ago loss, on Friday in the Hollywood conglomerates second earnings report since its sale to Skydance Media was unveiled. That marked the second quarter of streaming unit profitability in a row. Paramount, currently controlled by National Amusements, led by Shari Redstone,...

When the final season of Yellowstone debuts Nov. 10 on Paramount Network, Paramount+ and CBS, dont be surprised if viewers spot a member of the Dutton family hopping in their Ram pickup to grab some Coors and Fritos from the store. The Taylor Sheridan drama, among the most-watched shows on TV and streaming, has become an in-demand place for major...

Tina Xavie has departed CMG Worldwide and launched her own agency specializing in brand and icon management. Based in Beverly Hills, the Xavia Agencys roster of clients already includes the estates of musician Jerry Garcia, Hollywood heartthrob Tab Hunter and professional wrestler Ric Flair. Xavie counts more than a decade of experience in striking multi-million deals with Hollywood studios, ad...

Lionsgate released its second quarter financial results that follow the spinoff of the media giants studio business into a separately traded stock earlier this year. The studio, led by CEO Jon Feltheimer, shrunk its first quarter net loss to $177.8 million, compared to a year-earlier $887.9 million loss then due to the impact of non-cash goodwill and intangible asset write...

The local TV giant Nexstar is eager to expand through consolidation or other deals, with Republican control of the presidency and likely both houses of Congress. During the companys quarterly earnings call, CEO Perry Sook said that he intends to move quickly to pursue dealmaking, and that the real competitors to local TV is big tech. In fact deregulation is...

After seeing pink last year with Barbie, Warner Bros. Discovery CEO David Zaslav on Thursday talked about strengthening hisstudios business going forward for consistency. Warners Margot Robbie blockbusterBarbieled the box office in 2023 with $1.44 billion in worldwide revenue. But a studios unit that fired on all cylinders, and yet is slowed by legacy cable TV brands facing headwinds from...

Warner Bros. Discovery CEO David Zaslav sees potential upside for Hollywood if the second Donald Trump administration allows for more dealmaking. Discussing outright consolidation of an industry that is in a generational disruption during the companys third-quarter earnings conference call on Thursday, Zaslav said: We have an upcoming new administration. Its too early to tell, but it may offer a...