Cynthia Littleton - celebsbar.com

Cynthia Littleton Business Editor TKO is forecasting a strong year ahead for WWE and UFC as the company disclosed fourth quarter and full-year 2024 earnings that reflect the cost of the $375 million legal settlement reached last fall with former UFC fighters. For the quarter, TKO delivered total revenue of $642.2 million and adjusted earnings before taxes, interest, depreciation and amortization of $238.1 million. For the full year, 2024 revenue came in at $2.804 billion and adjusted EBITDA of $1.251 billion.

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Microsoft Wants Consumers to Make Friends With its Copilot AI ‘Companion’

Cynthia Littleton Business Editor Microsoft is stepping up its effort to persuade consumers to embrace its Copilot AI-powered software that is designed to function as the world’s most intuitive and proactive personal assistant. Microsoft’s top AI executive called it nothing less than “a new kind of relationship with technology.” Microsoft’s significant investments in artificial intelligence to date include the Copilot software suite, first introduced in 2023.

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On the Ground at CinemaCon in Tense Times for Exhibitors and Studios

Cynthia Littleton Business Editor There’s no glossing over it, not even with extra-buttered popcorn: The mood at CinemaCon is tense this year. Brent Lang, Variety‘s executive editor who oversees film and media coverage, reports from Las Vegas on the annual gathering of movie theater owners and film studio chieftains on the latest episode of Variety podcast “Strictly Business.” Lang shares his observations about how the conference is reflecting the headwinds buffeting a sector that is down significantly from its pre-pandemic highs.

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Kevin Mayer Talks Candle Media, Tightening Content Market, YouTube, TikTok and Blackstone at Paley Dialogues Event

Cynthia Littleton Business Editor Fiddling while Rome burns? Candle Media co-CEO Kevin Mayer asserted that Hollywood should be much more concerned about demographic shifts and changes in consumer behavior as the math doesn’t look good for the traditional TV and film business. Mayer spoke Monday evening at the Paley Dialogue session hosted by the Paley Center for Media at the Beverly Wilshire Hotel in Beverly Hills.

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Carlos Watson Says Trump Has Commuted His Prison Sentence for Ozy Media Fraud

Cynthia Littleton Business Editor Carlos Watson and his supporters are asserting that President Donald Trump has commuted the nearly 10-year prison sentence that he received after being convicted of extensive fraud in operating his digital media startup Ozy Media. Watson was sentenced to 116 months in prison in December following his conviction on charges of securities fraud, conspiracy to commit wire fraud and aggravated identity theft. It’s understood that Watson was en route to surrendering himself to federal prison authorities when he received the call alerting him that his petition for a commutation had been granted.

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Revolt’s Detavio Samuels, Black Star Network Leader Roland Martin and BET Founder Robert Johnson on the State of Black-Owned Media

Cynthia Littleton Business Editor Detavio Samuels, CEO of Revolt, unpacks his effort to revitalize the cable and digital brand in its second decade on the latest episode of Variety podcast “Strictly Business.” Amid the disruption in pay TV, racial tension in the body politic, the return of Trump and the challenge of steering an independent Black-owned media platform, Samuels is looking at an uphill climb. Revolt is coming off a hard 2024 as its founder, Sean Combs, was indicted on federal charges of racketeering and sex trafficking. He’s been accused of heinous crimes.

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‘House of David’ Screening Highlights TV and Film’s Role in Shaping Perceptions of Faith and Spirituality: ‘The Culture Needs This Right Now’

Cynthia Littleton Business Editor Nearly 70 years ago, Edward R. Murrow famously defined television as being much more than merely wires and lights in a box: “This instrument can teach it can illuminate; yes, and even it can inspire,” he said in a famous 1958 address to the Radio-Television News Directors of Association. The spirit of Murrow’s vision for the medium was reflected in the conversation held this week at Bel Air Church, which hosted a dinner and screening event for an episode of the Amazon Prime Video series “House of David.” The Biblical-themed series revolves around the story of David and Goliath and the fall of King Saul hails from indie studio the Wonder Project and Amazon MGM Studios.

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Patrick Whitesell and Silver Lake Invest in Peyton Manning’s Omaha Productions

Cynthia Littleton Business Editor Former Endeavor executive chairman Patrick Whitesell and private equity giant Silver Lake have made an investment in Omaha Productions, the busy content banner headed by NFL great Peyton Manning. The deal gives Whitesell and Silver Lake a minority stake in the company that produces ESPN2’s alternative “Monday Night Football” live telecast during the regular NFL season that features Manning and his brother Eli Manning, a fellow former star NFL quarterback, commenting on the game with celebrity guests and other entertaining elements.

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George Foreman, Boxer Turned Foreman Grill Infomercial Star, Dies at 76

Cynthia Littleton Business Editor George Foreman, the charismatic boxer turned infomercial star who had a retail hit with his Foreman Grill product line, died Friday. He was 76. The Texas-born Foreman became Heavyweight Champion of the World, and segued into a TV staple and pop culture icon.

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How COVID Changed TV Production Forever

Cynthia Littleton Business Editor Five years ago this week, the television industry rose to the challenge of keeping news, daytime and late-night talk shows and other topical series on the air during the harsh early months of the COVID pandemic. We didn’t know it then, but March 2020 marked a huge inflection point for the television business. Stay-at-home orders, masks and antigen tests — it seems distant and not so distant all at once.

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Chelsea Handler Talks Kids, Her Career and How to Survive Trump at She Media SXSW Session: ‘I Have the Body I Wanted at 20, and I’m 50’

Cynthia Littleton Business Editor Chelsea Handler wasn’t afraid go there — discussing her body at age 50, her decision not to have children and what she won’t let Trump take from her this time around — and more during her lively session at the She Media Co-Lab Whole Life Health program, held as part of the SXSW festival in Austin, Texas. Handler, the veteran comedian, told the crowd that the cultural obession on youth is overstated. In her mind, she’s never been better after reaching the half-century mark.

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Tech and Media Stocks Hammered Amid Global Instability and Ratcheting Tariff Fights

Cynthia Littleton Business Editor U.S. equities markets took a beating Monday as global investors reacted to signs of slowing demand and the instability driven by the nation’s ratcheting tariff wars with Canada, China and other key trade partners. Tech’s “Magnificent Seven” stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — all took a drubbbing, led by Tesla with a 15.4% plunge.

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USC Comedy Festival to Honor Filmmaker Jason Reitman

Cynthia Littleton Business Editor Filmmaker and USC alumnus Jason Reitman is slated to receive the Jack Oakie and Victoria Horne Oakie Master of Comedy Award at the seventh edition of the USC Comedy Festival, set for March 28-30 at the campus. The three-day festival aims to examine the role that comedy plays in shaping popular culture and social movements.

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Variety Promotes Zack Sharf to Managing Editor of Variety.com

Variety Staff Follow Us on Twitter Zack Sharf has been named managing editor of Variety.com. He previously served as digital news director since 2022.

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FCC Chief Brendan Carr Wants to ‘Re-Empower’ Local TV Stations and Consider Tighter Regulation of Social Media Giants

Cynthia Littleton Business Editor FCC chairman Brendan Carr said Thursday that he aims to “re-empower” local TV stations, and he suggested that Congress consider tighter regulations on content moderation processes for social media giants. Carr spoke at the “Innovation to Restore Trust in News: A National Summit” event hosted by digital news outlet Semafor in Washington, D.C. Ben Smith, Semafor co-founder and editor-in-chief, pressed Carr on what critics fear is Carr’s determination to use the power of the FCC to intimidate the news organizations.

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WME Revenue Spikes in Q4 as Endeavor Prepares to Go Private Again

Cynthia Littleton Business Editor WME closed out 2024 with strong momentum and a spike in revenue as parent company Endeavor prepares to go private again after nearly four years as a publicly traded company. Endeavor’s representation segment saw 17% year-over-year growth in revenue, rising to $501.6 million for the fourth quarter of 2024. WME was the big driver with gains across talent, music and sports.

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Variety Veteran Steven Gaydos Saluted as a ‘Renaissance Man’ of Movies and Journalism by Filming Italy Los Angeles

Cynthia Littleton Business Editor Variety veteran Steven Gaydos was hailed as a “Renaissance man” of movies and journalism as he received career achievement honors from the Filming Italy Los Angeles festival, supported by the Italian Cultural Institue arm of Italy’s Ministry of Foreign Affairs and International Cooperation. Gaydos, who is Variety‘s VP and executive editor of features, was feted Feb.

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Variety’s Clayton Davis Returns to ABC’s Academy Awards Pre-Show for Fourth Year

William Earl Clayton Davis will join ABC’s Oscar pre-show “Countdown to the Academy Awards: On the Red Carpet Live” for the fourth consecutive year. The warmup for filmdom’s big night will air from 12:30 p.m.-5 p.m. PT on March 2, leading in to ABC’s live telecast of the 97th Academy Awards.

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‘SNL50’: How the Celebration of a Golden TV Milestone Became a Test for NBCUniversal

Cynthia Littleton Business Editor The years-long road that led to last week’s “SNL50” events was more than a complex programming campaign for NBCUniversal. It was a test of the company’s pipes. The Feb.

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Warren Buffett Says ‘It Won’t Be Long’ Before Greg Abel Succeeds Him as Berkshire Hathaway CEO

Cynthia Littleton Business Editor Warren Buffett disclosed in his annual letter to Berkshire Hathaway shareholders that “it won’t be long” until he is succeeded as CEO by Greg Abel, who runs the company’s energy division. Buffett, 94, the revered investor known as the Oracle of Omaha, was reflective and folksy as usual in his letter, published Saturday, which has come to serve as a gauge of the state of American business. Buffett didn’t name names but seemed to touch on the political and cultural tumult of the moment in several sections of his 13-page letter.

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Unleash the Channel Within: Why Tony Robbins Made a FAST Pact With Paramount Global

Cynthia Littleton Business Editor Tony Robbins wears many hats in a typical day: bestselling author, psychiatrist, motivational speaker, business strategist and life skills coach. Being a TV star wasn’t on his personal to-do list — until he got a cold call a few months ago from Dan Cohen. Cohen, chief content licensing officer for Paramount Global, had an intriguing pitch for Robbins: How about partnering with the studio on the launch of a FAST channel? FAST channels (the acronym stands for “free advertising-supported television”) are a hybrid of linear and streaming TV.

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