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...

Former President Trumps decisive victory Tuesday led to a shockwave that was felt in newsrooms across Washington D.C. and New York. Everyone knew the polls were close and that a Trump win was a strong possibility, sure, but the scale of Trumps win left one senior producer at a broadcast network stunned: We are questioning our relevance right now, they...

Sports were the big growth driver for Endeavor in its third quarter, with the companys owned sports segment (primarily its stake in TKO Group Holdings) grew by 53 percent, and with the Paris Olympics bolstering the companys events and experiences division. Endeavor had revenue of $2.03 billion in the quarter, and a net loss of $420.4 million, with adjusted EBITDA...

Warner Bros. Discoveryposted a third-quarter profit gain to $289 million for its direct-to-consumer (DTC) unit, which includes its streaming and premium pay-TV services, compared with a $111 million year-ago profit. The company, led by CEO David Zaslav, on Thursday also said that it ended September with 110.5 million global streaming subscribers, including for Max and Discovery+, compared with 103.3 million...

U.K. TV giantITV, led by CEO Carolyn McCall, reported a 20 percent drop in revenue for its ITV Studios production arm on Thursday, impacted by the phasing of deliveries and the 2023 U.S. writers and actors strike. However, ITV Studios is on track to deliver record adjusted earnings before interest, taxes and amortization for the full year 2024, reflecting efficiency...

TV broadcasting and media company Sinclair Inc. reported political revenue of $138 million for its third quarter, coming in slightly below its updated guidance. In September, the company had upped its guidance for the quarter to approximately $140 million to $145 million, up from the previously announced forecast range of $113 million to $128 million. The company attributed the miss...

AMC Entertainment Holdings has seen its third-quarter revenues fall and a swing to a net loss asDeadpool Wolverine and Inside Out 2played on its screens. On Wednesday, the parent ofAMC Theatresreported overall revenues at $1.34 billion, down 4.1 percent from a year-earlier $1.4 billion on higher cinema attendance when the exhibitor got a boost from Oppenheimer and Barbie in its...

With a pair of major deals on the horizon in early 2025, TKO Group Holdings continued to see year-over-year growth in its third-quarter earnings. The Endeavor-controlled company, which owns UFC and the WWE, reported revenues of $681.2 million, net income of $57.7 million, and adjusted EBITDA of $310 million, all up substantially from the year prior. With the results in...

U.K. culture secretary Lisa Nandy on Wednesday unveiled plans to broaden the scope of U.K. media merger laws, updating them for the digital age to reflect modern news consumption habits and better protect media freedom and plurality. The current regulatory regime only covers television, radio and print publications. The changes would allow for greater scrutiny in the public interest of...

National CineMedia swung to a third quarter loss on lower theater attendance and overall revenues, the in-theater advertising company announced Tuesday. The net loss attributable to National CineMedia came to $3.6 million, against net income of $181.8 million in the comparable year-ago period. Overall third quarter revenue was $62.4 million, down just over 10 percent from $69.6 million in the...

As a number of new Broadway shows gear up for opening and the holiday season, Death Becomes Her, the musical adaptation of the 1992 film, saw a promising early start last week. The production, starring Jennifer Simard, Megan Hilty and Michelle Williams, brought in $1.07 million in its first week of seven performances, which also included a Halloween tie-in for...

A pair of major players in unscripted programming are in talks to merge. SpringHill, the production company founded by NBA star LeBron James and Maverick Carter, and Fulwell 73, the company founded by producer Ben Winston, have been in talks for a few months, a source familiar with the talks confirms to The Hollywood Reporter. The deal, if it happens,...

Prosecutors and police investigators focused on tax fraud and corruption raided Netflix offices in Paris and Amsterdam on Tuesday as part of an ongoing probe into alleged financial wrongdoing, The Hollywood Reporter has confirmed. From a judicial source, I can confirm that searches are being carried out today at various locations, including the headquarters of Netflix companies in France, a...