Latest Business News
Discovery CEO Sees “Broad Support” for WarnerMedia Deal in D.C., Expects “a Lot of Consolidation”
Discovery and AT&T’s WarnerMedia are moving through the regulatory review process of their planned merger without problems so far, seeing “broad support” for it, Discovery CEO David Zaslav said on…
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Discovery Hits 18M Paying Streaming Subs, U.S. Ad Revenue Jumps 12 Percent
Discovery, led by CEO David Zaslav, said on Tuesday that it has now reached 18 million paying streaming subscribers worldwide to its direct-to-consumer services, including Discovery+, after ending
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Cannes Short Film Palme d’Or Winner Tang Yi Signs With M88 (Exclusive)
M88 has signed Hong Kong director Tang Yi, the winner of the 2021 Cannes short film Palme d’Or for All The Crows in the World. The Hong Konger and New York University student based her…
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AT&T Completes Spinoff of DirecTV In Deal With TPG
DirecTV is once again a standalone company. Six years after AT&T acquired the satellite TV giant in a $67 billion deal, the company on Monday was officially spun out as a standalone…
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Reese Witherspoon’s Hello Sunshine Sold to Media Company Led by Kevin Mayer and Tom Staggs
Hello Sunshine, the media company founded by Reese Witherspoon, has been sold to a new media company led by former Walt Disney Company executives Tom Staggs and Kevin Mayer. The deal, which…
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Sunset Studios Eyes $1B U.K. Film and TV Production Facility
Sunset Studios, backed by investment firm Blackstone and Hudson Pacific Properties, said Monday it plans to spend nearly $1 billion to create a new center for film, TV and digital production in
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Drama Republic’s Next Act: Top Execs Talk Pan-European Studio Ambitions
The deal, signed July 1, between French and German media giants Mediawan and Leonine to acquire a majority stake in Britain’s Drama Republic — the Emmy-nominated producer of Patrick Melrose, The Honou…
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Gerard Butler Sues Over ‘Olympus Has Fallen’ Profits
In a lawsuit filed Friday in Los Angeles Superior Court, Gerard Butler alleges being owed at least $10 million from the success of Olympus Has Fallen, the 2013 blockbuster about an assault on…
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Disney to Mandate COVID-19 Vaccinations for All U.S. Staffers
All salaried and non-union hourly Disney employees in the United States will need to be vaccinated against COVID-19, The Walt Disney Co. said Friday. Staffers working at any of the company’s…
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Streamland Closes Buy of Sim Video as Postproduction Giant Expands
Streamland Media has completed its acquisition of Sim Video International’s postproduction business, roughly three months after it acquired Technicolor’s post business. Terms of the deal were…
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CAA Co-Chair: Disney “Shamelessly” Attacked Scarlett Johansson Over Lawsuit
CAA co-chairman Bryan Lourd is criticizing Disney for its aggressive response to his client Scarlett Johansson’s lawsuit against the company over Black Widow‘s release to Disney+, which…
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Scarlett Johansson’s ‘Black Widow’ Lawsuit Is Game-Changing, But May Be Legally Weak
The rollout of a big lawsuit in Hollywood doesn’t always speak to its chances of success, but then again, this is a town that obsesses over public image, and there are absolutely times when…
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