Latest in Corporate Affairs

Apple posted a 54% gain in total revenue in its fiscal second quarter, reflecting the tech giant’s bounceback from the worst of Covid-19, which hit results in the same period in 2020. Revenue for the quarter ending March 27 reached $89.6 billion, with international accounting for 67% of the total. Much of the growth…

Keith Le Goy has been promoted to chairman of distribution and networks at Sony Pictures Entertainment. The promotion gives the company three chairman-level execs running the studio’s main areas of business. The others are Tom Rothman, chairman of the motion picture group, and Ravi Ahuja, chairman of the company’s…

UPDATED with executive comments. Discovery executives gave an updated snapshot of streaming flagship Discovery+, saying it is ahead of internal targets for viewing time, average revenue per user and churn. The company reported having 15 million total streaming subscribers, with most paying for Discovery+, which…

The streaming component of Turner Sports’ long-term deal for NHL rights won’t likely come into focus anytime soon. Jeff Zucker, chairman of WarnerMedia News & Sports, indicated as much during a press call with NHL Commissioner Gary Bettman to discuss the transaction. While terms have not been confirmed officially…

Hasbro’s thriving analog and digital games business helped its first-quarter profit beat Wall Street expectations, but Covid-19-related struggles in film and TV resulted in only a 1% uptick in revenue. Total revenue came in at $1.15 billion, up only about $9.2 million from the year-ago quarter and just shy of analysts…

Nexstar Media will launch multicast network Rewind TV on September 1, offering nearly 50 million TV households (roughly 40% of the U.S.) a menu of 1980s and 1990s sitcoms. Shows in the initial lineup include The Drew Carey Show, Murphy Brown, Growing Pains, Wings, Sabrina, The Teenage Witch, Who's the Boss and Family T…

EXCLUSIVE: When most of the dust settled on the Covid-impacted 2020 broadcast pilot season, indie Lionsgate TV ended up with three new series orders — for Home Economics, which got off to a promising start at ABC, This Country at Fox and Ghosts at CBS —  on par with the major, vertically integrated studios and making…

WWE reported first-quarter revenue of $263.5 million, down 9% from the year-ago quarter but ahead of Wall Street estimates as the company starts to wriggle out of Covid-19’s headlock. Earnings per share also more than doubled the consensus expectation from analysts, reaching 51 cents compared with 31 cents a year…

Nielsen has launched Streaming Video Ratings, extending its effort to capture the most rapidly expanding area of media and entertainment. In its announcement, the measurement firm said the new tool will capture how much streaming activity is happening on TV screens. It will also measure how the various streaming…

UPDATED with executive comments AT&T CEO John Stankey told investors on the company’s first quarter earnings call that the company’s focus on HBO Max is paying dividends. But he declined to offer any updated metrics or insights about the streaming service when pressed by analysts. The streaming service, which launched…

EXCLUSIVE: Hell’s Kitchen studio Tinopolis may be hit with a class-action-style lawsuit and other backlash after an incandescent group of former producers were left out of pocket to the tune of £50 million ($70 million) as a result of a controversial financial restructuring. Tinopolis is one of Britain’s largest…

Disney and Sony have reached a multi-year deal for the post-pay-1 release window, a pact that will make Spider-Man and other major franchises eligible to stream on Disney+ for the first time. The flagship streaming service and Hulu are among many platforms covered by the agreement, which the official announcement…