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Watch Latin American Music Awards Board members at Paramount Global are reportedly considering the removal of CEO Bob Bakish as discussions continue with Skydance Media about a complex, multi-step merger. If exclusive talks with Skydance bear fruit, there likely would not be a role for Bakish in the combined company, with Skydance chief David Ellison […]
6 days ago
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Roku CEO Anthony Wood collected a total pay package of $20.2 million in 2023, according to the company’s latest proxy filing. Charlie Collier, the veteran former TV exec who now leads Roku Media, got $6.8 million. The tally was far below the $53.3 million he took home in 2022, with the bulk of that payday […]
6 days ago
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EXCLUSIVE: AWA Studios, the three-year-old film and television division of Artists, Writers & Artisans, is stepping up in the world of film financing by appointing industry veteran Victoria Rossellini as a senior strategic advisor. Rossellini brings a deep well of experience to her new role at the studio that specializes in graphic novel adaptations. She […]
8 days ago
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Range Media Partners has secured a minority investment from a group including Liberty Global and TPG founding partner David Bonderman’s family office Wildcat Capital Management. Family entertainment company Playground Productions is also a participant in the new round, terms of which were not disclosed. The new investors join an existing roster of backers, among them […]
9 days ago
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Aaron LaBerge, who helped oversee Disney‘s expansion into streaming during two stints totaling 20 years, is exiting the company. On July 1, the exec will become Chief Technology Officer at Penn Entertainment, holding the same title he did at the end of his Disney run. Penn is largely known for its gaming operation. In 2023, […]
10 days ago
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Paramount Global CEO Bob Bakish saw his total compensation dip slightly in 2023, to $31.3 million from $32 million in the prior year. The latest figures were disclosed Monday in an SEC filing. The next-highest tally among top execs was for CFO Naveen Chopra, who collected $8 million, up from $6.5 million in 2022. Bakish’s […]
10 days ago
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Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume. Shares reached their highest point since February, offering fresh evidence that many […]
13 days ago
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Netflix Co-CEO Greg Peters says internal viewership data from before and after the implementation of paid password sharing shows the new policy has not turned off viewers, as some had initially predicted it would. The company on Thursday reported a year-over-year jump of 9.3 million subscribers in the first quarter, in part due to the […]
14 days ago
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Cosm, a 5-year-old provider of production services for tech and media companies, is branching into physical venues. The company announced Tuesday it will launch its first in-person site at LA’s Hollywood Park, home to SoFi Stadium and the also-soon-to-open Intuit Dome. With a capacity of 2,000, Cosm’s 65,000-square-foot venue is set to launch on June […]
16 days ago
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Wonya Lucas, a veteran TV exec who held the post of CEO for Hallmark Media and TV One, has been appointed to Comcast’s board of directors. Lucas will serve as an independent director, the media company said in an SEC filing. She has not yet been appointed to serve as a member of any board […]
17 days ago
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New York Yankees radio play-by-play voice John Sterling, 85, is retiring effective immediately, the team and broadcaster both confirmed Monday. Sterling has been active this spring but had previously encountered some medical issues and had not traveled with the team on road trips during recent seasons. The announcer, who spent 36 years of his 64-year […]
17 days ago
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Following a data breach earlier this year affecting 15,000 user accounts, Roku has revealed a much larger security episode. In a blog post Friday, the streaming giant said 576,000 user accounts had been affected in the second breach. Roku noted that its investigation had found that it was not responsible for the breach, which it […]
20 days ago
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Amazon CEO Andy Jassy saluted the company’s progress in video advertising in his annual letter to shareholders. Overall ad revenue rose 24% in 2023 compared with 2022, he noted, reaching $47 billion and the growth was “primarily driven by our sponsored ads.” Amazon has added Sponsored TV to the mix, giving advertisers a self-service option […]
21 days ago
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John Rood, a former longtime exec at Disney and Warner Bros, is joining consulting and research firm Magid as Chief Brand & Communications Officer. Reporting directly to CEO Brent Magid, Rood will oversee brand strategy, product marketing, corporate communications, sales support, and events. He will be based in Magid’s Los Angeles office, often working out […]
22 days ago
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The Summer Olympics in Paris are poised to set a record for advertising revenue, according to NBCUniversal. Dan Lovinger, President of Olympic & Paralympic Partnerships at NBCU, said $1.2 billion has been collected to date, which is just shy of the all-time mark. “The new record is coming,” Lovinger said Tuesday during a media conference call, and […]
23 days ago
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CBS News is rebooting its streaming efforts, expanding live coverage, lengthening shows like The Daily Report with John Dickerson and rebranding its flagship service. Formerly known as the CBS News Streaming Network, the free, ad-supported offering as of April 22 will be called CBS News 24/7. Featuring original reporting from the broadcast news division as […]
23 days ago
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AMC Networks is rolling out cheaper, ad-supported tiers for all of its niche streaming services after putting ads on its flagship AMC+ bundle late last year. The new versions will all be up and running by the end of the 2024-25 upfront, the company said Monday. It will convene its annual upfront presentation to ad […]
24 days ago
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Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media. As the moon blocked out the sun across a swath of the U.S. in a total eclipse, the stock behaved accordingly, falling almost 8% on heavier-than-average trading volume to finish at $11.06. The […]
24 days ago
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With the popularity of women’s basketball on the rise, Prime Video and the WNBA have reached an extension of their current rights deal through the next two seasons. Rights to the NBA and the WNBA are set to expire in 2025 and speculation has been growing about the WNBA being due for a significant hike […]
27 days ago
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UPDATED with new exec comments. Disney CEO Bob Iger has offered more precise timing for Disney’s previously announced plan to crack down on password sharing on streaming flagship Disney+, saying it will start rolling out in June. During a wide-ranging CNBC interview Thursday after a successful effort to thwart activist investor Nelson Peltz in a […]
27 days ago
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YouTube‘s “multiview” feature, which has revolutionized the experience of watching sports, is expanding next week to the video giant’s live coverage of the Coachella Valley Music and Arts Festival. Performances on up to four stages at once will be made available via the YouTube app, an experience the company is calling the first of its […]
28 days ago