David Zaslav, CEO and president of Warner Bros. Discovery (L), and John Malone, chairman of Liberty Media, Liberty Global, and Qurate Retail Group.CNBC | ReutersWarner Bros. Discovery's next step to gain scale may be looking at distressed assets.Chief Executive David Zaslav and board member John Malone both made comments...
The worldwide leader in sports still has some juice.ESPN operating income surged 16% from a year ago to $987 million in Disney's fiscal fourth quarter — the first time Disney has ever broken out the sports division's finances. Revenue in the segment grew 1% year-over-year to $3.8 billion.Disney also...
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, on Thursday, March 30, 2023.Marco Bello | Bloomberg | Getty ImagesCompany boards tend to want to stay out of the spotlight. Activist investor Nelson Peltz may...
Starz CEO Jeffrey HirschSource: StarzStarz, the premium network and streaming service that will soon be its own publicly traded company, is laying off more than 10% of employees and is exiting Australia and the U.K.Starz Chief Executive Officer Jeffrey Hirsch announced the news in an email to staff obtained...
Cosm's shared reality dome concept for viewing live sports broadcasts.Courtesy: Cosm VenuesWarner Bros. Discovery and Cosm, a privately held company that specializes in immersive technology, are about to make "shared reality" a reality for sports fans.Cosm plans to open two venues — a 65,000 square foot building in Los...
Comcast Xfinity cable television installation truck parked on a street in front of a suburban home, San Ramon, California, May 17, 2018. (Photo by Smith Collection/Gado/Getty Images)Smith Collection/Gado | Archive Photos | Getty ImagesComcast has tried to move investors away from focusing on residential broadband net additions. The market...
A general view of the "SUPER NINTENDO WORLD" entrance at Universal Studios Hollywood on February 16, 2023 in Universal City, California.Rodin Eckenroth | Getty Images Entertainment | Getty ImagesComcast topped both revenue and profit estimates in the third quarter as the company added 294,000 wireless customers and NBCUniversal's theme...
Shari Redstone, president of National Amusements and controlling shareholder of Paramount Global, walks to a morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, July 12, 2023.David A. Grogan | CNBCShari Redstone may have missed her window.Paramount Global's controlling shareholder is open to a...
Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023.Joan Cros | Nurphoto | Getty ImagesNetflix is correcting the Great Netflix Correction.There once was a time, long ago in April 2022, when Netflix reported a loss of 200,000 subscribers. The company...
Bob Iger, CEO, Disney, and Brian Roberts of ComcastGetty ImagesComcast and Disney have hired investment banks to value Hulu, the next step in what's been a nearly five-year process to put the streaming service under one owner.Comcast, which owns one-third of Hulu, has hired Morgan Stanley, and Disney, which...