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Economics at hollywoodreporter.com

Thursday, May 9

00

Andy Cohen Cleared as Bravo Completes Investigation, Paving Way for ‘WWHL’ Renewal

Andy Cohen is continuing on with Watch What Happens Live. Bravo has renewed his much-buzzed-about late night talk show through 2025 after completing an investigation into accusations from former stars of The Real Housewives, the franchise…

Streaming Ratings: ‘Fallout’ Has Amazon’s Biggest Opening Ever

Prime Video has touted the viewer response to Fallout as its second-biggest series ever worldwide over 16 days of release. In the United States (and over a shorter time period), it’s No. 1. Fallout recorded 2.9 billion minutes of viewing…

23

‘Deadly Influence’ Docuseries on Social Media Murders Set at ID (Exclusive)

Murder sparked by bizarre online posts or obsessions? There’s an app for that. So says Investigation Discovery’s latest docuseries, Deadly Influence: The Social Media Murders, set for a June premiere on ID and Max. A new trailer (below)…

19

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”…

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,…

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 …

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…

04

Skims Officially Launches a Mens Shop and Restocks Its Best-Selling Underwear, T-Shirts and Sweats

You can now shop an expanded selection of Kim Kardashian’s menswear collection all in one place.

01

Nobu Ryokan Malibu Extends Reputation as ‘Relaxing Retreat’ With New HigherDOSE Partnership

Guests at the luxe Nobu Ryokan Malibu will have a new way to unwind and relax this summer, thanks to the hotel’s recently-launched partnership with HigherDOSE. As part of the partnership, guests will have access to two of the wellness tech…

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…

20

Wayfair’s Way Day May Technically Be Over, But These Home and Decor Deals Are Still Live

The retailer — home to Kelly Clarkson's namesake furnishings line — hosted its famous sitewide sale from May 4 through May 6, but many of the discounts are still going strong.

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…

15

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…

Tom Tykwer Replaces Stefan Arndt as Head of Production Company X Filme

German filmmaker Tom Tykwer is taking over as managing director of X Filme Creative Pool, the company he co-founded 30 years ago, replacing partner Stefan Arndt, who is stepping down from the post on his own accord. Tykwer will head up X…

09

Apple AirTags Are On Sale for Mother’s Day — Here’s Where to Shop the Deal

It's the best discount we've seen on the Bluetooth trackers — and we expect it won't last long.

This Paramount+ Deal Gets You Half Off the Showtime Bundle Through Summer

Through Jan. 1, 2024, save 83 percent off the streamer that's home to 'Star Trek,' 'Yellowstone,' 'Top Gun: Maverick,' 'Paw Patrol' and more as part of Amazon's limited-time deals.

04

Stormy Daniels Describes Meeting Trump During Occasionally Graphic Testimony in Hush Money Trial

With Donald Trump sitting just feet away, Stormy Daniels testified Tuesday at the former president’s hush money trial about a sexual encounter the porn actor says they had in 2006 that resulted in her being paid to keep silent during the…

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…

The Best Gift Cards for Last-Minute Mother’s Day Shopping (Plus the Best Deals)

From travel and food delivery to a year of movies, you won't have to worry about shipping delays with these options — including some that are on sale for a limited time.

Tuesday, May 7

19

Why Disney Stock Dropped Sharply Despite Nearing Streaming Profit, Improved Earnings Outlook

Disney’s latest quarterly earnings report and conference call with management had much for Wall Street to like, including progress toward streaming profits and an increased full-year earnings forecast, but it wasn’t enough to keep its…

18

IAC’s Dotdash Meredith Inks Deal With OpenAI, Will Bring People, Food & Wine to ChatGPT

Barry Diller’s IAC has cut a deal with one of the biggest players in artificial intelligence, OpenAI. Dotdash Meredith, the IAC-controlled publishing company that owns publications like People, Food & Wine, Better Homes & Gardens, InStyle,…

17

The Hollywood CEO Mega Pay Chart: Top Executives’ Compensation Revealed

Massachusetts Senator Elizabeth Warren didn’t mince any words. “CEO pay is out of control,” she posted on April 22, singling out Warner Bros. Discovery CEO David Zaslav, whose team has had a rocky road integrating two companies since the…

16

Disney “Looking Selectively” at Licensing More Content

Disney is exploring licensing some more of its content. “We’re already doing some licensing with Netflix, and we’re looking selectively at other possibilities. I don’t want to declare that it’s a direction we’ll go more aggressively or not…

Amazon Set to Debut Remote-Enabled Shoppable Ads As It Readies Inaugural Upfront

It’s about to get a lot easier to buy something on Amazon while watching a TV show, movie, or live sporting event on Prime Video. Ahead of its inaugural upfront presentation to advertisers next week, Amazon says that it plans to roll out…

15

Disney Will Add ESPN Tile to Disney+ This Year

Disney plans to add an ESPN tile to Disney+ as it prepares to launch its new standalone ESPN streaming service. The tile will be added by the end of the calendar year, Disney CEO Bob Iger said, and will feature “select live games” as well…

Canadian Screenwriters, Producers Agree on New Labor Deal

The Writers Guild of Canada and the Canadian Media Producers Association, representing local indie film and television producers, have agreed terms for a new labor contract. Terms of the latest Independent Production Agreement, which…