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Josh Rosenbaum Promoted to Partner at Ken Kao’s Waypoint
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Business
Airbnb Goes Hollywood With Plans to Rent X-Men Mansion, ‘Up’ Home, ‘Purple Rain’ House and More
The travel and tech firm is launching an 'Icons' program, letting users book a visit to a comedy show with Kevin Hart, a night at the Ferrari museum, or a stay in fictional locales.
By Alex Weprin -
Business
Stampede Ventures Names Jim Meenaghan as COO
The former UTA partner will oversee the day-to-day running of Greg Silverman’s studio.
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Business
Tyler Perry Studios to Develop Unscripted Content In Deal With Asylum Entertainment Group
A joint venture will develop and produce non-fiction projects for global export.
Latest Business
ITV Studios Sells Israel-Based Formats Company Armoza Back to Founder
ITV Studios, the production arm of U.K. TV giant ITV, has sold Tel Aviv-based company Armoza Formats — which backed game show Still Standing, docu-reality series Marry Me Now and singing show The Four — back to its founder Avi Armoza. Financial terms weren’t disclosed, but Armoza will become an independent firm again only a few years after ITV had acquired […]
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Is There Still Hope for #MeToo Justice?
We all know he’s guilty — even the New York appeals court majority that ordered a new trial for Harvey Weinstein knows it. That makes the narrow, 4-3 reversal of Weinstein’s conviction all the more enraging. Anyone who has ever watched a cop show knows how difficult it is to get a conviction in a […]
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Amazon Advertising Revenue Surges in First Quarter Amid Prime Video Ad Expansion
The ads on Prime Video are working. Amazon’s advertising business surged in the first quarter, growing by 24 percent year-over-year, benefitting from the decision to turn on ads for Prime Video users back in January (or letting users pay $3 per month to avoid them). Advertising revenue was $11.8 billion in Q1, compared to $9.5 […]
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Major Daily Newspapers Join Legal Fight Against OpenAI as Battle Lines Are Being Drawn
A coalition of eight daily newspapers have sued OpenAI and Microsoft for copyright infringement, expanding a growing front in the legal battle over the unauthorized use of articles to power artificial intelligence technology. The lawsuit, filed in New York federal court on Tuesday, is at least the fourth complaint brought against the Sam Altman-led firm […]
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As Paramount Drama Kicks Into High Gear, Wall Street Tries to Make Sense of “Volatile” Stock
The board room and executive suite drama at Paramount Global escalated on Monday, with Bob Bakish leaving his role as CEO and a trio of executives taking over just days before an exclusive negotiating window for a sale to David Ellison’s SkyDance Media and partners closes. Veteran company leaders Chris McCarthy, George Cheeks and Brian […]
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‘Dune’ VFX House DNEG Teams With Dimension on LED Volume Stages in London, Rome
DNEG, the London-headquartered visual effects and animation house that has won Oscars for the likes of Denis Villeneuve’s Dune and Christopher Nolan’s Tenet and has also worked on The Last of Us and season 4 of Stranger Things, among others – unveiled the launch of a new unit dubbed DNEG 360, which is operated by real-time production firm Dimension Studio. The partners also unveiled what they […]
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SiriusXM Loses 445,000 Sat Radio, 64,000 Pandora Subscribers
Audio entertainment giant SiriusXM, the home of Howard Stern, reported on Tuesday that it lost 359,000 self-pay subscribers in its satellite radio unit in the first quarter. The decline from a year-earlier loss of 347,000 self-pay subs resulted from fewer trial starts in late 2023 and higher first-quarter churn. Paid promotional subscribers during the latest quarter […]
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Freely, the Free U.K. Streaming Platform, Launches
Freely, a new free streaming service backed by U.K. broadcasters BBC, ITV, Channel 4 and Paramount Global’s Channel 5, has launched. Everyone TV, formerly known as Digital U.K., a joint venture of these broadcasters formed to “lead the evolution of free TV in the U.K.,” shared the news just after midnight London time on Tuesday. It had […]
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Paramount “Office of the CEO” Trio’s Memo to Staff: A “New Long-Term Plan” Is Being Finalized
In a memo to employees Monday, Chris McCarthy, George Cheeks and Brian Robbins — who are together running Paramount after the ouster of CEO Bob Bakish — thanked Bakish for his tenure at the company, while signaling a new strategy ahead. Paramount announced Bakish was out at the company Monday, just ahead of releasing first-quarter earnings, […]
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Paramount’s New “Office of the CEO” Has a Big First Task: Not Letting CBS Go Dark With Charter
As a buyer group led by David Ellison’s Skydance Media aims to iron out a potential deal to take over Paramount Global, many eyes on Wall Street are also watching carriage talks between the entertainment conglomerate and cable giant Charter Communications. On April 30, that deal expires. Last year, Charter played hardball with Disney in […]
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Paramount+ Hits 71M Subscribers as Streaming Loss Narrows to $286M
Paramount Global unveiled its first-quarter financial results Monday as controlling shareholder National Amusements, led by Shari Redstone, is in exclusive sale negotiations with a group led by David Ellison’s Skydance, as well as Gerry Cardinale’s RedBird Capital and KKR. During the latest quarter, the company hit 71 million Paramount+ streaming subscribers worldwide, up from 67.5 […]
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Bob Bakish Officially Ousted as Paramount CEO; Trio of Executives to Take Over
Paramount Global CEO Bob Bakish is officially out at the company. The entertainment conglomerate — in the middle of a sales process — is turning to a handful of top executives to run the company. Chris McCarthy, George Cheeks and Brian Robbins will make up an “Office of the CEO,” running Paramount on a day-to-day […]
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