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28.03.2024 / 22:57

Former WWE CEO Vince McMahon Nets $100 Million Through Another Stock Sale

Todd Spangler NY Digital Editor Vince McMahon, the founder and former CEO of wrestling entertainment company WWE, received about $100 million through a sale of about 3.5 million shares of TKO Group. TKO Group was formed last year through the Endeavor-led merger of UFC and WWE. Endeavor maintains a majority interest in TKO.

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28.03.2024 / 16:35

‘Red vs. Blue’ Final Season to Be Released as Feature-Length Movie After Rooster Teeth Shut Down by Warner Bros. Discovery

Todd Spangler NY Digital Editor The battling factions of “Red vs. Blue” are getting one last adventure — in which they must team up to fight a common enemy — that will soon available on a screen near you, even though Rooster Teeth is closing its doors. “Red vs.

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28.03.2024 / 16:35

Sam Bankman-Fried Sentenced to 25 Years in Prison for Cryptocurrency Fraud

Todd Spangler NY Digital Editor Sam Bankman-Fried, the disgraced founder of the failed FTX cryptocurrency exchange, was sentenced to 25 years in prison by a federal judge Thursday. A federal jury in November 2023 convicted Bankman-Friend on seven counts of fraud and conspiracy related to the collapse of his cryptocurrency company and related hedge fund. The charges had carried a maximum prison term of 110 years.

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28.03.2024 / 13:17

Karlie Kloss Is Relaunching LIFE Magazine

Todd Spangler NY Digital Editor Entrepreneur and model Karlie Koss, together with her husband, billionaire investor Joshua Kushner, is bringing LIFE back to life, more than two decades after the more than century-old iconic photo magazine ceased regular publication. Kloss and Kushner’s Bedford Media on Thursday announced a deal to bring LIFE Magazine back to print and digital distribution, as part of an agreement with Dotdash Meredith to relaunch LIFE as a publication on a regular cadence and vibrant media property. IAC formed Dotdash Meredith after the it bought Meredith was acquired by for $2.7 billion coming after Meredith had acquired Time Inc.

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27.03.2024 / 23:05

Joe Rogan Hosted Musician Gary Clark Jr. on His Podcast — and the Blues Artist’s Streams on Spotify Shot Up 500% Among Rogan’s Listeners

Todd Spangler NY Digital Editor Joe Rogan‘s massively popular podcast not only drives millions of listens of his show on Spotify — it also can boost music streams of guests featured on “The Joe Rogan Experience,” too. One of Spotify’s theses behind its investment in podcasts is that they spur higher engagement for the music side of the house: Users who listen to podcasts on average listen to more music, according to the company. Now Spotify has new stats it says demonstrate that flywheel effect as it relates to Rogan’s show, which has more than 14 million followers on the platform.

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27.03.2024 / 16:07

Stassi Schroeder Clark, Former ‘Vanderpump Rules’ Star, Brings Her Weekly Podcast to Dear Media (EXCLUSIVE)

Todd Spangler NY Digital Editor Stassi Schroeder Clark’s weekly lifestyle podcast, “Straight Up With Stassi,” has joined Dear Media’s roster of 80-plus shows — and it’s getting a new name. Beginning today, the podcast will be renamed “Stassi.” With distribution deal for Schroeder Clark’s podcast, Dear Media has announced a “refreshed content format” along with new visual branding across all podcast distribution platforms.

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26.03.2024 / 16:35

UTA Hires Eric Iverson, Formerly CAA’s Top Technology Exec, as CTO

Todd Spangler NY Digital Editor UTA announced Eric Iverson as chief technology officer, where he will lead information-technology strategy — joining the company as artificial intelligence and other tech developments are threatening to disrupt the industry. Most recently, Iverson served as director of product strategy Amazon MGM Studios, where he led product, user experience and AI efforts, and before that was chief technologist for media and entertainment in the Amazon Web Services (AWS) division.

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25.03.2024 / 16:39

Elon Musk’s X Loses Lawsuit Against Research Group That Found Proliferation of Hate Speech, Racist Content on Social Network

Todd Spangler NY Digital Editor A federal judge Monday dismissed a lawsuit brought by Elon Musk‘s X against the Center for Countering Digital Hate, ruling it was “evident” the litigation was intended “to punish CCDH for CCDH publications that criticized X Corp.” X, the Musk-owned social network formerly known as Twitter, in July 2023 sued the Center for Countering Digital Hate, an independent nonprofit research group, over the organization’s findings that since the multibillionaire acquired the company hate, racism and disinformation on the social platform has substantially increased. Musk has not commented on X about the decision.

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25.03.2024 / 14:05

Nelson Peltz Claims He Backs Disney CEO Bob Iger, but His Investment Firm Withheld Votes for Iger’s Election to the Board

Todd Spangler NY Digital Editor UPDATED: Nelson Peltz claims Disney‘s board, not CEO Bob Iger, is the problem. But his investment firm, Trian Group, withheld its votes for Iger’s reelection to the Disney board. With just over a week before Disney’s annual shareholder meeting on April 3, Peltz’s Trian — which has been aggressively campaigning to get two seats on the Mouse House’s board — issued a new statement Monday saying the battle is not about any dispute with Iger but rather about forcing change on the board’s composition to boost the company’s financial returns.

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23.03.2024 / 13:45

Blake Lively Apologizes for Mocking Kate Middleton ‘Photoshop Fails’ After Princess Reveals Cancer Diagnosis: ‘Silly Post’ Has ‘Me Mortified’

Todd Spangler NY Digital Editor Actor and entrepreneur Blake Lively said she’s “mortified” about her joke about Kate Middleton‘s “Photoshop fails” — with the apology coming after the Princess of Wales confirmed Friday that she has undergone treatment for cancer. “I’m sure no one cares today but I feel like I have to acknowledge this,” Lively said in a message shared Friday on her Instagram account.

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22.03.2024 / 19:37

Joni Mitchell Music Is Back on Spotify, After She Joined Neil Young in Pulling Songs Over Joe Rogan’s COVID ‘Lies’

Todd Spangler NY Digital Editor Without fanfare, Joni Mitchell‘s music catalog is again on Spotify — a little over two years after she pulled her work from the streaming platform in solidarity with longtime friend and collaborator Neil Young in a protest over Joe Rogan’s podcast spreading COVID misinformation. Mitchell didn’t announce her return to Spotify, but as of Friday it appeared that her original albums were again available including 1969’s “Clouds” with her original recording of “Both Sides Now.” Also back on Spotify are “Blue” (1971), “Court and Spark” (1974) and “Mingus” (1979), as noted by the New York Times.

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22.03.2024 / 16:59

Michael Eisner Backs Disney CEO Iger Amid Board Fight With Activist Investors: ‘The Company Is Now in Excellent Hands’

Todd Spangler NY Digital Editor Michael Eisner, the former Disney CEO who exited the company in 2005, is the latest member of the extended Disneyverse to weigh in with support for current chief exec Bob Iger, who’s facing a proxy fight with activist investors including Nelson Peltz in a vote for board candidates at Disney’s April 3 annual shareholders meeting. “[I]n 1983, Disney was under attack by corporate raiders trying to take over the company,” Eisner wrote in a post on X, referring to the unsuccessful attempt by financier Saul Steinberg to stage a hostile takeover of the company.

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21.03.2024 / 22:37

Securities Fraud Charges Dropped Against Social Influencers Accused of Stock-Manipulation Scheme

Todd Spangler NY Digital Editor A federal judge has dismissed all charges against seven social-media influencers the SEC and Justice Department had accused of perpetrating a “stock manipulation scheme” on Twitter and Discord. On Wednesday, March 20, U.S. District Judge Andrew S.

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21.03.2024 / 17:31

Paramount Stock Retreats on Report Shari Redstone Not Interested in Apollo’s $11 Billion Studio Buyout Bid

Todd Spangler NY Digital Editor Shari Redstone looks like she remains firmly opposed to breaking up Paramount Global. Redstone, president of National Amusements Inc. — the controlling shareholder of Paramount Global — was “unconvinced” by Apollo Global Management’s $11 billion offer to buy Paramount’s film and TV studio, the Financial Times reported, citing anonymous sources.

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21.03.2024 / 14:51

Proxy-Advisory Firm ISS Recommends Disney Shareholders Elect Nelson Peltz to Board

Todd Spangler NY Digital Editor Disney was handed a setback in its boardroom fight with activist investor Nelson Peltz after proxy-advisory firm Institutional Shareholder Services recommended that shareholders vote him onto the Mouse House’s board. ISS, whose recommendations are influential among institutional investors, cited Disney’s “failed” succession planning in the CEO role in its report backing Peltz, whose Trian Partners.

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20.03.2024 / 16:57

TKO to Pay $335 Million to Settle UFC Athlete Class-Action Lawsuits

Todd Spangler NY Digital Editor TKO Group Holdings, the parent company of UFC, disclosed that it will pay $335 million to settle two class-action lawsuits filed by former UFC fighters alleging the MMA promoter violated antitrust laws. Zuffa, the predecessor entity that owned and operated UFC, was the defendant in five related class-action lawsuits filed between December 2014 and March 2015, which were consolidated into a single action in June 2015 (Le et al. v.

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20.03.2024 / 10:03

U.S. Consumers Pay Average of $61 per Month for Video Streaming Services: Study

Todd Spangler NY Digital Editor Streaming video services continue to face challenges like high costs, high churn rates and competition from other media — while a good chunk of U.S. audiences still questions whether the price of their subscriptions is worth it. On average, Americans households that subscribe to streaming video entertainment services said they spend $61 per month for four services, according to Deloitte’s 18th annual Digital Media Trends report.

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18.03.2024 / 19:57

Would Banning TikTok Be a Boon or Bummer for Hollywood?

Todd Spangler NY Digital Editor China hawks in the House have propped TikTok on a political football tee, passing legislation that threatens to kick it off the phones of millions of Americans unless TikTok’s Chinese parent, ByteDance, sells its ownership in the app. Right now, there appears to be much less urgency in the Senate to move forward on a measure aimed at forcing TikTok to cut its China ties, while President Biden has said he would sign such a bill (even as his re-election campaign just launched an account on TikTok). Meanwhile, to China, the saber-rattling looks like a trade dispute — wherein the U.S., on the pretext of “national security” concerns, is looking to thwart a successful overseas internet app that has been grabbing share of viewing time and ad dollars from American tech companies.

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18.03.2024 / 15:49

Disney and CEO Iger Get Backing of Proxy-Advisory Firm Glass Lewis in Battle Over Board

Todd Spangler NY Digital Editor Disney‘s current strategic direction under CEO Bob Iger got the thumbs-up from independent proxy voting and corporate governance advisory firm Glass Lewis, amid a campaign launched by two activist investor groups to win seats on the Mouse House’s board. Glass Lewis, in a March 18 report, recommended Disney shareholders vote for the Disney-selected 12 director nominees — and reject those put forward by Nelson Peltz‘s Trian Partners and another firm, Blackwells Capital — at the company’s annual meeting on April 3.

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18.03.2024 / 15:07

MrBeast Reality Show to Award $5 Million Grand Prize — Biggest Payout in TV History — Greenlit at Prime Video

Todd Spangler NY Digital Editor MrBeast, the YouTuber known for big-money giveaways, is going bigger than ever with his new show on Amazon’s Prime Video. The mega-popular YouTube creator, whose real name is Jimmy Donaldson, announced a deal with Prime Video for “Beast Games,” a reality-competition show promising the winner a $5 million cash prize — believed to be the largest single payout ever in TV history.

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15.03.2024 / 14:13

Will Keenan, Former Digital Exec at Endemol Shine, Joins Talent-Focused Startup Coy Creator as Chief Revenue Officer

Todd Spangler NY Digital Editor Will Keenan has returned to the entertainment industry, joining Coy Creator, a startup touting a full-service “business-in-a-box” platform for digital creators, as chief revenue officer. Keenan had joined Endemol Shine North America in 2013, where he launched the company’s Endemol Beyond division.

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