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15

YouTube’s Secret Weapon to Win the TV Streaming Wars: Its Top Creators

The stunt took weeks of preparation. Building a tank. Training with freedivers and magicians. Developing the filming schedule. The end result of the effort, a new episode of YouTube star Michelle Khare’s series Challenge Accepted in which…

14

AMC Networks U.S. Ad Revenue Drops 13 Percent, Streaming Subs Rise to 11.5M

AMC Networks — the company behind such cable channel brands as AMC, IFC and Sundance TV, as well as such streaming services as AMC+, Acorn TV and Shudder — reported a 13 percent drop in first-quarter U.S. advertising revenue on Friday,…

02

Supreme Court Opens Doors to Massive Copyright Infringement Damages In Case Against Warner Music

The U.S. Supreme Court has endorsed open-ended recovery of damages for copyright infringement, ruling that music producer Sherman Nealy can pursue over a decade’s worth of damages for an unlicensed sample of his work by Flo Rida in his…

01

Apple Apologizes for iPad Pro Ad After Criticism: “We Missed the Mark”

Apple is apologizing for an iPad Pro ad that was widely criticized when it debuted earlier this week. The dystopian spot, titled “Crush,” shows several instruments, including a guitar and piano, being crushed by a hydraulic press. Also…

Thursday, May 9

00

Art Directors Guild Pauses Training Program Amid Industry Challenges

The Art Directors Guild has paused a training program intended to hone the next generation of production designers and art directors amid industry turbulence in 2024, The Hollywood Reporter has confirmed. The program, called the Production…

23

Harry J. Pappas, Owner of Lots of TV and Radio Stations, Dies at 78

Harry J. Pappas, who presided over more than 30 TV stations as the CEO of what was the largest privately held broadcasting company in the U.S. in terms of household coverage, died April 24 in Reno, Nevada, his niece announced. He was 78.…

20

Cineplex CEO Credits ‘Dune: Part Two’ for Keeping Box Office Afloat

Fewer tentpoles from the major studios after the dual Hollywood strikes didn’t stop Canadian exhibition giant Cineplex from bucking an industry trend and posting higher box office revenues in its first financial quarter of 2024. Cineplex…

19

Did ‘Lord of the Rings’ Give Warner Bros. Discovery a Stock Boost?

Warner Bros. Discovery, the entertainment giant led by CEO David Zaslav, has been a work-in-progress since the mega-merger of Discovery and AT&T’s WarnerMedia that created it in April 2022. Its latest earnings report and call didn’t seem…

Jeff Zucker on RedBird IMI’s Focus: Quality Content and Investment Rather Than “Managing Decline”

Jeff Zucker, the former president of CNN and CEO of NBCUniversal, explained his M&A focus with RedBird IMI during a conference appearance in London on Thursday, saying that “quality programming that you own … will continue to be the key”…

Jon Stewart Adds Comedy Central Podcast to ‘Daily Show’ Duties

Jon Stewart is adding another hosting gig to his Daily Show plate — though this one isn’t on camera. Stewart, who returned to The Daily Show for a once-a-week turn behind the desk in February, will host a podcast for Comedy Central…

18

Podcast Advertising Growth Slowed in 2023, But This Year Looks Better So Far

After many years of double-digit growth, U.S. podcasting advertising revenue growth slowed down in 2023. But there is hope ahead. Per a new Interactive Advertising Bureau study, released Thursday and prepared by PricewaterhouseCoopers,…

Baristas, Bungalows and the D’Amelios: UTA Unveils Upscale Office for Creators

In 2006, UTA presciently launched a group dedicated to the field of then-emerging digital creators, at a time when other major agencies’ online efforts were primarily focused on finding supplemental opportunities for existing film and TV…

15

Warner Music Earnings Rise, But Miss Estimates as Ed Sheeran, Zach Bryan Are Major Sellers

Warner Music Group reported fiscal second-quarter revenue of $1.5 billion, up 7 percent from a year ago, and net income of $96 million, up from $37 million a year ago. While both numbers saw a jump, the company reported earnings per share…

As It Cruises Toward Take-Private Deal, Endeavor Cites Fewer Events for Losses

As it cruises toward its $13 billion deal to go private with Silver Lake, Endeavor reported first-quarter earnings Thursday. The company reported total revenue of $1.85 billion, and a net loss of $303.5 million, with adjusted EBITDA of …

14

An Asteroid Is About to Hit Upfronts

If the 2023 upfronts were about disruption, the 2024 upfronts are about Disruption with a capital “D.” Last year’s events were quite literally disrupted, with striking WGA writers on picket lines outside the New York City venues and the…

Warner Bros. Discovery Hits $86M Streaming Unit Profit, 99.6M Subs, Studios Profit Drops 70 Percent

Warner Bros. Discovery CEO David Zaslav on Thursday argued the future of his studio and the wider TV streaming landscape will be driven by the increased packaging and marketing of streaming products together. “As we look at what happens…

09

ITV Ad Revenue Rises, Studios Unit Posts 16 Percent Drop on Hollywood Strikes Impact

U.K. TV giant ITV on Thursday reported a 3 percent advertising revenue gain for the first quarter of 2024, with the current second quarter forecast to record stronger growth. But its ITV Studios unit posted a big drop “due to the phasing…

01

Disney+, Max and Hulu Bundle Planned in Major Streaming Team-Up

Disney and Warner Bros. Discovery are teaming up on a streaming bundle. The two entertainment giants will launch a bundle this summer that combines the Disney+, Hulu, and Max streaming services. Specific pricing is still to be determined,…

Wednesday, May 8

23

AMC Theatres Shrinks First Quarter Loss, Sees Revenues Dip on Weaker Box Office

AMC Entertainment Holdings has seen its first-quarter revenues edge down slightly on weaker box office, and its net loss narrow as Dune: Part Two and Godzilla x Kong played on its screens. On Wednesday, the parent of AMC Theatres reported…

TKO Smashes Wall Street Revenue Expectations, Raises Guidance as UFC Settlement Hits Profits

TKO Group Holdings beat Wall Street revenue expectations to a pulp in its first quarter 2024 earnings report Wednesday, though a $335 million UFC fighter pay settlement pushed the company from a profit to a loss in the quarter. The company…

22

Apple’s Soul-Crushing New Ad: Who Thought This Was a Good Idea?

It seems at first like a brilliant, if unsubtle, piece of dystopian satire: Countless symbols of human creativity — books, musical instruments, artworks, arcade games — crowded onto a platform and slowly, painfully, sadistically pancaked…

20

Film and TV Production Slowdown Hits Canada, Too

The Americans are back shooting films and TV series in Canada, but the knock-on impacts of the dual Hollywood writers and actors strikes and reduced spending by major streamers will be felt north of the border for years to come. So says…

50 Cent Files Defamation Lawsuit Against Ex Daphne Joy Over Rape and Abuse Claims

Curtis “50 Cent” Jackson is suing his ex-girlfriend and the mother of his son, Daphne Joy Narvaez, for defamation following her public accusation in March that he raped her while the two were in a relationship more than a decade ago. The…

18

Liberty Media CEO Downplays Live Nation, Ticketmaster Monopoly Concerns

Liberty Media CEO Greg Maffei has echoed Live Nation CFO and president Joe Berchtold in arguing against the potential breakup of Live Nation and Ticketmaster as part of a potential lawsuit from the Department of Justice. “The DOJ…

16

From MrBeast to Logan Paul: Why Wall Street Is Infatuated With Influencers

Two years ago, Jimmy Donaldson, better known as MrBeast, ventured to Bentonville, Arkansas, with his management team to talk creators — and chocolate. Donaldson, a giant on YouTube (252 million-plus subscribers), was aiming to leverage his…

15

Will and Jada Pinkett Smith’s Westbrook Sells Germany’s Telepool to Vuelta Group

Jerome Levy’s Vuelta Group, a private-equity-backed European studio, has acquired German production and licensing giant Telepool from Westbrook, the U.S. outfit controlled Will and Jada Pinkett-Smith. Vuelta will merge Telepool with Munich…

Fox Ad Revenue Slips to $1.2B, But Profit Rises to $704M

Fox Corp. beat Wall Street estimates with its fiscal third-quarter earnings report Wednesday, with revenue hitting $3.4 billion and net income growing to $704 million. The gain in profits was due to last year’s settlement at Fox News,…

13

EchoStar Loses 213,000 Dish and 135,000 Sling TV Subscribers in First Quarter

EchoStar lost about 348,000 net pay TV subscribers in the first quarter, compared with a drop of 552,000 in the year-ago period, the company said on Wednesday. The company disclosed in a regulatory filing early on Wednesday that it lost…

02

Apple Studios Hit With Class Action Over Allegedly Shortchanging Background Actors On ‘Palm Royale’

Apple Studios is facing a lawsuit accusing it of violating a series of California labor laws on the set of Palm Royale. Daniel Ferguson, in a proposed class action filed on May 3 in Los Angeles Superior Court, claims the studio stiffed him…

Tuesday, May 7

21

Caitlin Clark’s WNBA Debut to Stream on Disney+

Live sports are coming to Disney+ sooner than you might think. ESPN says next Tuesday’s WNBA tip-off games, including Caitlin Clark’s regular season debut with the league, will stream on Disney+. On May 14, Clark’s Indiana Fever will face…