Fox Corp. Chief Executive Officer Lachlan Murdoch said the new sports streaming service he’ll launch later this year with Walt Disney Co. and Warner Bros. Discovery Inc. is projected to reach 5 million subscribers after five years. Murdoch, speaking at the Morgan Stanley technology, media and telecom conference on Monday, said the service is aimed … Read more
Live TV Has Been Collapsing for a Decade. Why Hasn’t Football? Bloomberg Source link credite
“Barbenheimer” aside, it was the summer from hell for Hollywood executives, and none more so than Bob Iger. In July he and fellow moguls Gulfstreamed to the jagged green mountains of Sun Valley, Idaho, for their annual retreat, where between power lunches and tandem bike rides they debated media deals and the impact of artificial … Read more
Striking Hollywood screenwriters reached a tentative new labor agreement with studios including Walt Disney Co. and Netflix Inc., settling one of two walkouts that have shut down film and TV production. The Writers Guild of America, which represents more than 11,500 Hollywood scribes, said Sunday it reached the deal with the Alliance of Motion Picture … Read more
Educational publisher Pearson Plc replaced its Chief Executive Officer Andy Bird months after a shareholder revolt over his pay and amid concerns about the impact of artificial intelligence on the business. The incoming CEO is Omar Abbosh, president of Microsoft Corp.’s Industry Solutions business and a former Accenture executive, Pearson said in a statement on … Read more
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Australia News Today: Forrest’s Wyloo Metals, Energy, Strikes … Bloomberg Source link
Walt Disney Co., Apple Inc., Amazon.com Inc. and YouTube have expressed interest in streaming local NBA games, potentially taking over rights now held by a broadcaster in bankruptcy, people familiar with the matter said. The media and tech giants are open to acquiring local rights held by Diamond Sports Group, but only if they can … Read more
Apple, Fox, Netflix Emerge as Potential Bidders for Future NBA Rights Bloomberg Source link