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Trump Tariffs Impact on Hollywood: Not Much ‘Direct Harm’ — but a Resulting Recession Would Be ‘One-Two Punch’ for the Entire Sector
Todd Spangler NY Digital Editor The dramatic tariffs President Trump announced Wednesday won’t directly impose higher costs on most media and entertainment companies. However, the knock-on effects — namely, depressed U.S. consumer spending and a pullback in ad budgets — would clearly cut into Hollywood’s profits, according to analysts.
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Vanity Fair Editor Radhika Jones to Step Down: ‘I Have Always Had a Horror of Staying Too Long at the Party’
Todd Spangler NY Digital Editor Radhika Jones will depart as editor in chief of Vanity Fair this spring, after more than seven years at the helm of the influential Condé Nast title. Jones and Anna Wintour, Condé Nast chief content officer and global editorial director, informed staffers of Jones’ exit Thursday. Jones, who joined Vanity Fair in November 2017, claimed that she had accomplished “virtually all” of the goals she had set for herself in taking on the EIC job, including “a vast and highly engaging social media audience,” entertainment projects with partners including FX, Amazon and Netflix; and “an epic party machine,” referring to the magazine’s annual Academy Awards afterparty.
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Alan Chikin Chow Launches Casting Call for Co-Ed Pop Group He’s Forming With HYBE America That Will Be Featured in a Scripted Series on YouTube (EXCLUSIVE)
Todd Spangler NY Digital Editor Alan Chikin Chow is looking for some “multifaceted artists” to join him in a new mixed-gender pop-music group — and who also will co-star with him in a scripted series about the band on his YouTube channel. Chow, a top YouTuber who is the creator and star behind hit scripted teen comedy series “Alan’s Universe,” has inked a partnership with HYBE America, the U.S.
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OnlyFans Founder Among Latest TikTok Bidders
Todd Spangler NY Digital Editor As the deadline nears for TikTok‘s Chinese parent to cut a deal to divest controlling ownership of the app or face a U.S. ban, new bidders are coming out of the woodwork. Among the interested investors in TikTok is Tim Stokely, founder of OnlyFans — the opt-in social media platform known for hosting sexually explicit content.
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Will TikTok Be Banned Again? As Deadline Nears, Trump Says ‘I’d Like to See TikTok Remain Alive’
Todd Spangler NY Digital Editor Here we go again: TikTok faces a potential shutdown in the U.S. after Saturday, April 5, if its Chinese parent company doesn’t reach an agreement to sell a controlling interest in the hugely popular video app. Will TikTok go dark? With just days to go before the deadline set by President Trump, it’s not clear what will happen next.
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Paramount Top Marketing Exec Josh Line Exits to Join Yahoo
Todd Spangler NY Digital Editor After more than 14 years at Paramount Global and Viacom, Josh Line has departed to join Yahoo as chief marketing officer. In the new role, Line reports directly to Yahoo CEO Jim Lanzone, formerly CBS’s chief digital officer and CEO of CBS Interactive. Line assumes the role after former Yahoo CMO Tressie Lieberman left to become Starbucks’ chief marketing officer last fall.
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YouTube Now Worth as Much as $550 Billion, Analysts Say: ‘New King of All Media’
Todd Spangler NY Digital Editor As YouTube marks its 20th anniversary, the Google-owned video giant is the “new king of all media” — larger and more powerful than any other player in Hollywood — according to an influential Wall Street research firm. What’s more, it’s in a position to gobble up even more screen time and grow bigger. For the full year 2024, YouTube was already the second-largest media company by revenue at $54.2 billion, trailing only Disney, according to estimates by MoffettNathanson principal analyst Michael Nathanson.
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FCC Chairman Opens Probe Into Disney and ABC DEI Practices: ‘Iconic’ Company ‘Recently Went All-In on DEI’
Todd Spangler NY Digital Editor FCC chair Brendan Carr, after publicly musing that he might go after Disney over its diversity, equity and inclusion policies, made it official: The agency has opened a probe into DEI practices at Disney and ABC. It’s the latest warning shot from Carr against media companies in the Trump administration’s war against DEI.
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Sony Pictures Entertainment CEO Ravi Ahuja Resigns From Roku Board
Todd Spangler NY Digital Editor Ravi Ahuja will depart Roku‘s board of directors after more than a decade, following his promotion to CEO of Sony Pictures Entertainment. On Tuesday of this week, Ahuja notified the Roku board that he intends to resign as a director effective June 11, the date of the company’s 2025 annual meeting of stockholders, “due to the time commitment required of his role as president and CEO of Sony Pictures Entertainment,” according to a Roku SEC filing Friday.
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OpenAI CEO Responds to ChatGPT Users Creating Studio Ghibli-Style AI Images
Todd Spangler NY Digital Editor The latest version of OpenAI‘s image generation technology has resulted in a flood of users sharing images on social media that have been transformed in the style of Studio Ghibli, the legendary Japanese animation studio. On Tuesday, OpenAI launched what it called its “most advanced image generator yet,” built into GPT‑4o.
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YouTube’s 2025 Upfront to Feature Lady Gaga, MrBeast and More
Todd Spangler NY Digital Editor YouTube has set the date for its 2025 Brandcast event — during the TV industry’s upfront week in New York City — and it’s bringing pop star Lady Gaga and top creators like MrBeast and Brittany Broski out for the show. The YouTube invitation-only upfront presentation will be held Wednesday, May 14, starting at 5:30 p.m. ET at Lincoln Center in New York City.
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Trump’s Defense Secretary Accidentally Texted War Plans to The Atlantic: ‘I Didn’t Think It Could Be Real,’ Editor Says
Todd Spangler NY Digital Editor Pete Hegseth, President Trump’s secretary of defense, inadvertently included the top editor of The Atlantic in a Signal text chat group revealing the U.S.’s attack plans on Houthi rebels in Yemen earlier this month, according to the magazine. The Atlantic’s editor in chief, Jeffrey Goldberg, reported in a nearly 3,500-word story published Monday that the U.S.’s most senior national-security leaders included him in a group chat on Signal about upcoming military strikes in Yemen against the Houthis, an Iran-backed terrorist group.
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Ari Emanuel Gets $173.8 Million Cash Payout From Endeavor Go-Private Deal With Silver Lake
Todd Spangler NY Digital Editor Ari Emanuel converted a portion of his ownership interest in Endeavor into a cash payment of $173.8 million with Silver Lake’s deal to take the company private, according to a regulatory filing. Patrick Whitesell, a top Endeavor exec who’s leaving the company, received $100 million in cash. Emanuel, who founded the talent agency in 1995 and most recently served as CEO of Endeavor, is now executive chairman of the newly renamed WME Group, which will be led by Mark Shapiro.
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StubHub Files for IPO, Ticket Resale Platform’s Sales Climbed 29% to $1.8 Billion in 2024 but Swung to a Loss
Todd Spangler NY Digital Editor StubHub, a secondary ticketing marketplace for live events, filed a registration statement Friday with the SEC for an initial public offering. The number of shares to be offered in StubHub’s IPO and the price range for the proposed offering have not yet been determined. StubHub has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol “STUB.” According to its S-1 filing with the SEC, StubHub generated $1.77 billion in revenue, up 29% year over year, and had a net loss of $2.8 million for 2024.
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TheSkimm’s Founders Have Sold Their Media Company
Todd Spangler NY Digital Editor More than a decade after they started theSkimm’s daily newsletter, Danielle Weisberg and Carly Zakin have sold the company to Ziff Davis’ Everyday Health Group. Financial terms of the deal were not disclosed.
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Google to Buy Cybersecurity Firm Wiz for $32 Billion in Cash, Its Biggest Acquisition Ever
Todd Spangler NY Digital Editor Google clinched a deal for its biggest-ever acquisition, announcing it will buy cloud-security platform Wiz for about $32 billion in cash. The acquisition of Wiz is expected to close in 2026, subject to usual closing conditions including regulatory approvals, according to Google. Once closed, New York-based Wiz will join Google Cloud.
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ABC News to Launch Sean ‘Diddy’ Combs Podcast That Will Run Through His Federal Trial
Todd Spangler NY Digital Editor The federal criminal charges and civil lawsuits against Sean “Diddy” Combs are the focus of a forthcoming podcast series from ABC News, one of the shows in its audio division’s new programming slate focused on true crime. “Bad Rap: The Case Against Diddy,” hosted by ABC News legal contributor and attorney Brian Buckmire, will premiere Tuesday, March 25. The podcast will be supported by “20/20” and ABC News’ global newsgathering team.
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Netflix Shares Rise on Bullish Analyst Upgrade Citing Potential for Future U.S. Price Hikes, Outlook for Strong Ad Growth
Todd Spangler NY Digital Editor The No. 1 premium video streamer won a big vote of confidence from an analyst firm that has been among the most conservative on Wall Street in estimating Netflix‘s future growth.
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‘RHONY’ Star Brynn Whitfield to Launch Video Podcast Dishing About Money, Sex, Relationships and ‘Everything in Between’
Todd Spangler NY Digital Editor Brynn Whitfield, one of the stars of Bravo’s “The Real Housewives of New York City,” is promising raw and unfiltered convos with friends in her new podcast, premiering next week. The video podcast, “Please See Below With Brynn Whitfield,” is being produced and distributed by Spotify‘s The Ringer.
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Food Media Company Tastemade Acquired by Wonder, Parent of Grubhub, for $90 Million
Todd Spangler NY Digital Editor Food-delivery company Wonder announced a deal to acquire independent media firm Tastemade, which produces original content spanning food, travel, and home and design. Financial terms of the deal weren’t disclosed. Wonder is buying Tastemade for about $90 million, according to sources, as first reported by the Wall Street Journal.
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Most Americans Have Negative View of Elon Musk: Poll
Todd Spangler NY Digital Editor Elon Musk, the owner of X, CEO of Tesla and SpaceX, and head of President Trump’s DOGE cost-cutting initiative, is less popular than Trump at the moment. According to a new CNN/SSRS poll released Wednesday, about 53% of Americans said they have an “unfavorable opinion” of the billionaire, compared with 35% who have a positive view and 9% offering no opinion (and 2% saying they have “never heard” of Musk). By comparison, Trump’s overall favorability rating was 45% and his unfavorability rating was 52%, according to the poll, which was in line with Trump’s highest ratings for his first term in office.
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