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08.08.2024 / 12:40

Endeavor Says It’s Shopping OpenBet, IMG Arena Sports-Gambling Units Ahead of Silver Lake Sale

Todd Spangler NY Digital Editor Endeavor is seeking a buyer for its sports gambling and technology businesses OpenBet and IMG Arena, ahead of expected close of the company’s go-private deal with Sliver Lake. During the second quarter of 2024, Endeavor “began to actively market the businesses comprising the Sports Data & Technology segment, OpenBet and IMG Arena,” the company said in releasing its Q2 earnings. “As such, for financial reporting purposes, these businesses are considered Held for Sale and the Sports Data & Technology segment is presented as discontinued operations in the Q2 2024 consolidated interim financial statements,” Endeavor added.

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08.08.2024 / 12:26

Oliver Darcy Leaves CNN To Launch Media Newsletter “Status”

UPDATED, with CNN comment: Oliver Darcy, who has been the top media reporter for CNN and author of its Reliable Sources newsletter, is departing the network and launching his own.

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08.08.2024 / 10:59

Idris Elba, Little Simz, Maya Jama Join ‘Shifters’ West End Producing Team – Global Bulletin

Naman Ramachandran Idris Elba, Maya Jama and Little Simz have signed on as producers for the London West End transfer of Bush Theatre’s production “Shifters.” The trio joins Eleanor Lloyd Productions, Chuchu Nwagu Productions, and Sonia Friedman Productions to bring Benedict Lombe‘s romance to London’s Duke of York’s Theatre from West London’s Bush Theatre. Written by Lombe (“Lava,” Susan Smith Blackburn Prize winner) and directed by Evening Standard Theatre Award-winner Lynette Linton (“Blues for an Alabama Sky,” “August in England”), the play will run for a limited nine-week engagement, Aug. 12 – Oct.

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08.08.2024 / 10:38

TKO Q2 Earnings Grow on Higher Site Fees, Sponsor Sales for UFC and WWE

Cynthia Littleton Business Editor The UFC and WWE both saw strong gains in site fees, sponsorship dollars and live event demand in the second quarter, which boosted the fortunes of its parent company enough to allow TKO to raise full-year financial guidance for the second consecutive quarter. Total company revenue came in at $851.2 million, with adjusted earnings before interest, taxes, depreciation and amortization of $420.9 million and net income of $150.7 million. The WWE’s WrestleMania 40 event and the UFC 300 and 303 events busted through expectations.

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08.08.2024 / 10:37

The CW Narrows Losses by $33 Million in Q2 as Nexstar Ad Sales Tick Up 2%

Jennifer Maas TV Business Writer Nexstar reported its second-quarter 2024 earnings Thursday, revealing that the CW Network has narrowed its losses by $33 million year over year. Additionally, the TV station group giant saw its ad sales for the April 1-June 30 quarter inch up 2.2% from Q2 of 2023 ($522 million vs.

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07.08.2024 / 20:10

Warner Bros. Discovery Stock Crumples to Near All-Times Lows After Huge Q2 Impairment Charge

Todd Spangler NY Digital Editor Shares of Warner Bros. Discovery slid nearly 10% Wednesday, nearing all-time lows after the media conglomerate — heavily reliant on its pay-TV business — recorded a whopping $9.1 billion write-down reflecting the loss of value of several of its linear television networks. In after-hours trading, WBD shares were down as low as $6.96 per share.

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07.08.2024 / 13:27

Warner Music Stock Jumps After Big Streaming Boost in Third Quarter

Jem Aswad Executive Editor, Music Warner Music Group saw its stock rise as much as 6% on Wednesday morning after reporting strong growth in streaming and publishing despite dips in sales of merch and physical product. Net profit for the quarter was up almost 14% to $141 million from $124 million in the same period last year, while digital revenue was up 4.7% and streaming 5.5% over the same period last year, with subscription revenue rising 7%. Revenue from WMG’s music publishing division rose by 8% to $305 million from $283 million in the year-ago quarter.

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07.08.2024 / 10:40

No Surprise, Disney & NBCUniversal Disagree On Hulu Valuation With $5 Billion In The Balance

Disney and NBCUniversal are locked in a dispute about how much the former must pay the latter for absorbing the rest of Hulu.

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07.08.2024 / 09:37

‘Inside Out 2’ Lifts Disney Quarterly Earnings, Overall Streaming Biz Swings to Profit Amid Light Disney+ Subscriber Gain

Todd Spangler NY Digital Editor Disney’s latest quarterly results overall sparked joy for the Mouse House — with the record-breaking “Inside Out 2” boosting profits and the company’s consolidated streaming business landing in the black for the first time. That said, there were some mixed emotions: Operating profit for Disney’s domestic theme parks slipped 6% in the June quarter and the company warned that ongoing weak demand could hurt the segment’s results for “the next few quarters.” Meanwhile, Disney’s TV business, excluding ESPN, continued to decline.

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06.08.2024 / 21:51

Disney-Fox-WBD Sports Streaming Venture Has One Major Advantage, Fubo CEO David Gandler Testifies: “Price Is King”

Fubo CEO David Gandler traded jabs Tuesday with attorneys Disney and Fox Corp., two of the three media companies behind streaming joint venture Venu Sports.

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06.08.2024 / 21:21

Julie Greenwald to Step Down as Atlantic Music Group Chairman in January

Jem Aswad Executive Editor, Music Atlantic Group chairman Julie Greenwald will exit the company entirely at the end of January, sources confirm to Variety. While the executive, who has been with Atlantic for 20 years, was expected to remain at the company as chairman after incoming CEO Elliot Grainge takes his post in October, she announced her decision to leave at a staff meeting on Tuesday. The news was first reported by Hits.

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06.08.2024 / 20:10

Gail Berman Adds Chris Markey & Jennifer Katz To The Jackal Group Exec Team Under Sony TV Deal

EXCLUSIVE: The Jackal Group CEO Gail Berman is expanding her executive team as part of her overall deal with Sony Pictures Television, adding Chris Markey as Senior Vice President and Jennifer Katz as Director of Development. Berman inked a three-year overall deal with Sony TV in May to develop and produce scripted series for cable and streaming platforms.

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06.08.2024 / 17:20

Elon Musk’s X Sues Advertisers Accused of an ‘Illegal’ Boycott: ‘Now It Is War’

Todd Spangler NY Digital Editor Elon Musk once told advertisers — including Disney — who pulled their ad dollars from X, the social network formerly known as Twitter, to “Go fuck yourself.” Now Musk’s X has filed an antitrust lawsuit against a trade group and several advertisers, alleging they conspired to withhold “billions” of dollars in ad spending over concerns that X would “deviate from certain brand safety standards for advertising.” X’s attorneys filed the lawsuit Tuesday in the U.S. District Court for the Northern District of Texas.

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06.08.2024 / 13:01

CNET to Be Acquired by Ziff Davis for $100 Million

Todd Spangler NY Digital Editor Ziff Davis inked a deal to acquire CNET for about $100 million, marking the third corporate parent for the pioneering tech news and reviews site in four years. In 2008, CBS had acquired CNET Networks for $1.8 billion. In 2020, as Paramount Global (then known as ViacomCBS) was seeking to offload non-core assets, the media conglomerate sold CNET to digital-marketing company Red Ventures for $500 million.

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06.08.2024 / 07:12

AI’s Fashion Industry Impact Explored in ‘The Zebras,’ IFFM-Bound Indian Indie Film Secures U.S. Distribution (EXCLUSIVE)

Naman Ramachandran “The Zebras: Dark Start” an Indian indie film examining the profound effects of artificial intelligence (AI) on the fashion industry, has secured U.S. distribution through Double Exposure. Directed by Aneek Chaudhuri (“White”), “The Zebras” intertwines the stories of a veteran photographer (Sharib Hashmi, “The Family Man”), a documentarian (Usha Banerjee, “Jharokh”) and a supermodel (Priyanka Sarkar, “Robin’s Kitchen”) in a near-future world where AI has become ubiquitous in daily life.

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05.08.2024 / 19:02

GLAAD Supports CEO Sarah Kate Ellis After Lavish Spending Allegations: ‘We Are Certain That She Is the Right Leader’

Selena Kuznikov The GLAAD board of directors have expressed their support for the organization’s CEO and president Sarah Kate Ellis in light of a recent report from the New York Times accusing her of lavish spending. According to the article, Ellis expensed a $21,743 first-class flight to Cannes Lions and used the nonprofit’s funds to renovate her home office, among other items.

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05.08.2024 / 16:04

Richard Gere and Mohammed Al Turki to Be Honored at amfAR’s Venice Film Festival Gala (EXCLUSIVE)

Marc Malkin Senior Editor, Culture and Events AmfAR, The Foundation for AIDS Research, has announced this year’s honorees at its upcoming Venice International Film Festival gala, amfAR Venezia. Richard Gere will be recognized with the Award of Inspiration. “Few in the entertainment industry have done as much as Richard Gere to advance the fight against AIDS,” amfAR CEO Kevin Robert Frost said in a statement on Monday morning.

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05.08.2024 / 11:39

Media Veterans Jeff Bewkes, Sir Howard Stringer & Jeremy Fox Launch Thoroughbred Studios & Cut Overall Deal With iHeart For Drama Podcasts Based On Real-Life U.S. Events

EXCLUSIVE: Media veterans Jeff Bewkes, Howard Stringer and Jeremy Fox have launched Thoroughbred Studios. Their fledgling business has galloped to an overall deal with iHeartPodcasts and scored a second season order for its first project, a BBC audio drama about the CIA.

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05.08.2024 / 07:51

Disney Updates Movie Release Schedule Through 2027, Removes Marvel Film From List

Disney has updated quite a few dates on it’s calendar over the next few years!

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dailyrecord.co.uk

04.08.2024 / 10:54

Exact number of blank passport pages you need for EU countries - or risk denied entry

If you are going abroad this summer to Europe, you need to make sure not only your passport is up to date, but also that you have enough blank pages left. If you don't meet the criteria needed, you may be allowed to board your flight.

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02.08.2024 / 17:52

Marvel Removes 2026 Title, Searchlight’s ‘A Real Pain’ Moves to November in Major Disney Release Date Update

Adam B. Vary Senior Entertainment Writer Disney released a sizable update to its film release calendar on Friday that staked claim to 11 release dates in 2027 for untitled projects from the main studio as well as Marvel, Pixar and Disney Animation. More immediately, Searchlight’s Sundance hit “A Real Pain” from writer-director-star Jesse Eisenberg will now open in limited release on Nov.

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