SiriusXM has appointed a new chief operating officer and laid out a new strategic vision that includes a greater focus on cost efficiencies and on its car subscription business. The company will target an initial incremental $200 million of annualized savings as it exits 2025, according to a press release Tuesday, after delivering about $350 million of run rate savings...

The presidential election and the conclusion of the World Series helped drive overall TV use to a nine-month high in November. But despite those big events on linear TV platforms, both cable and broadcast outlets lost some share of viewing in Nielsens monthly platform rankings. The ratings services Gauge snapshot for November also shows streaming hitting another all-time high in...

A probate court has ruled against Rupert Murdoch in a petition to change the terms of his succession plan to ensure that his eldest son Lachlan remains in charge of his conservative media empire after his death, The New York Times reported, citing a sealed document. A Nevada commissioner on Saturday found that Murdoch acted in bad faith in attempting...

As Disney aims to build up its empire, CFO Hugh Johnston said he views the companys main streaming platform as its greatest asset. I actually view Disney+ as the most strategic asset that we have in the company right now, Johnston said. Speaking at the UBS Conference in New York on Monday, Johnson highlighted the 175 million subscribers across Disney+...

OpenAI has released Sora, its buzzy generative AI tool capable of creating hyper-realist videos. In a post issued on Monday, OpenAI said that the text-to-video generator is available for public use. An account must be made to use Sora, though sign-ups have been temporarily disabled due to heavy traffic. The public launch of the tool comes as the entertainment industry...

After Joe Biden nabbed a win in the COVID-era presidential election of 2020, conservatives were peeling away from Fox News partially encouraged by Donald Trump while upstart challengers like Newsmax and One America News were among those looking to woo the MAGA base that was said to think that Fox was insufficiently right-wing in its perspective. What a difference four...

Toby Byrne has been named president of ad sales at A+E Networks, as longtime leader Peter Olsen retires. Olsen is retiring after 20 years in the role, during which he has reshaped A+E Networks ad sales strategy and led the company toward data-driven, multi-platform advertising. Byrne will assume the role in February 2025. Peter has been a brilliant and kind...

Comcasts Sky and Warner Bros. Discovery have settled a lawsuit over alleged breaches to a 2019 deal for exclusive rights to shows. Lawyers for both sides on Monday informed the court of an agreement to resolve the case. Terms werent disclosed. The companies agree to the dismissal of all claims in the action, the filing stated. Every party will bear...

In its latest post-election move, MSNBC has found a new host for its Morning Joe lead-in Way Too Early. Capitol Hill correspondent Ali Vitali will take over as host of Way Too Early beginning on Jan. 6 at 5 a.m. ET, while current host Jonathan Lemire will be getting an expanded role in the 9 a.m. hour of Morning Joe,...

Comcast and Warner Bros. Discovery have unveiled a distribution renewal deal across Xfinity and Sky UK that includes Comcast nabbing rights to bundle ad-supported versions of Max and Discovery+ in its streaming packages. Terms of the new multiyear deal were not disclosed, but the new agreements will also see WBD content delivered to Xfinity and Sky UK and Ireland. The...

The Korean content boom, including the rise of K-dramas and K-pop, was in focus during a panel at the Red Sea Souk, the market of the Red Sea International Film Festival in Jeddah, Saudi Arabia on Sunday. But the chaotic political situation in South Korea in recent days, including a failed attempt by its president to introduce martial law and...

The advertising business roared back in 2024, and is set to continue to grow in 2025 but linear TV will be the exception that growth. Thats according to the annual end-of-year advertising forecast from the media buying giant GroupM. The agency says that 2024 will end with 9.5 percent growth in total advertising revenue, an upward revision from the 7.8...

Amid an industrywide contraction after the end of Peak TV, a group of top industry players told content creators to go local with authentic voices before going global on streaming platforms during a Red Sea Film Festival panel on Saturday. Audiences are very smart. The most important thing is authenticity. Write what you know, not intending to make it global,...