DIRS.INFO The most relevant business & tech news

Analysts are boosting their estimates for a handful of companies that are set to report quarterly results next week. CNBC Pro screened FactSet data to find stocks poised for upside, as well as stocks that have also seen analysts increase their estimates on earnings per share. Analysts have increased their three-month earnings per share estimates by nearly 8%, while average price targets have climbed 23.3%. DIS YTD mountain Disney stock. Analysts have increased earnings estimates and price targets over the past three months by nearly 15% and 45%, respectively.

Persons: Walt Disney, FactSet, Wells, Steven Cahall, Rideshare, Uber, Justin Post, CEG, Sophie Karp Organizations: CNBC, Entertainment, Walt, Analysts, Disney, Uber Technologies, Bank of America, Wall, Constellation Energy Locations: Wells Fargo

☆ The 7 best things to stream this weekend, from a shocking true-crime story to a thrilling video-game adaptation
▼ + stars: | 2024-04-12 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +1 min

Movies like "The Greatest Hits" are newly streaming. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom dramas to reality TV to true crime, there's something new out for everyone this weekend. There's a new "Bluey" special coming out for parents and kids to enjoy together, or the romantic fantasy "The Greatest Hits" that's perfect for an at-home date night. AdvertisementHere's a complete rundown of all the best movies, shows, and documentaries to stream this weekend, broken down by what kind of entertainment you're looking for.

Persons: Brandy Hellville, —, Video's, Eammon Jacobs Organizations: Service, Netflix Locations: Canadian

☆ Martin Greenfield, tailor for US presidents and survivor of the Holocaust, dies at 95
▼ + stars: | 2024-03-23 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +5 min

CNN —Martin Greenfield, a tailor who dressed six US presidents, countless A-list actors and professional athletes, died on March 20 at the age of 95, according to his sons Jay, Tod and David Greenfield. Dubbed by GQ and other media outlets as “America’s greatest living tailor,” Greenfield founded the longstanding menswear shop Martin Greenfield Clothiers in Brooklyn in 1977 after 30 years of working in a clothing factory. “God has a wonderful sense of humor.”In 1947, he immigrated to the US and changed his name to Martin Greenfield to sound more American. “In fact, virtually every suit he’s worn since February 2011 has been one of ours,” Greenfield wrote. Niko Tavernise/Warner Bros. EntertainmentAfter Greenfield retired, his sons Jay and Tod took over the family business, according to the Martin Greenfield Clothiers’ website.

Persons: CNN — Martin Greenfield, Jay, Tod, David Greenfield, ” Greenfield, Martin Greenfield Clothiers, Frank Sinatra, Martin Scorsese, Leonardo DiCaprio, LeBron James, Greenfield, “, ”, Bazmark, Shutterstock Greenfield, Maximilian Grünfeld, — Greenfield, ’, Martin Greenfield, Eisenhower, Gerald Ford, Bill Clinton, Donald Trump, Joe Biden, Obama, Barack Obama, Evan Vucci, didn’t, “ Martin Greenfield, Martin, Sinatra, Denzel Washington, Joaquin Phoenix, Niko Tavernise Organizations: CNN, GQ, Warner Bros, Auschwitz Survivor, Big, White, Denzel, HBO, Entertainment Locations: Brooklyn, Pavlovo, Czechoslovakia, Ukraine, Auschwitz, Greenfield, Hollywood

☆ Opinion: These three Oscar-nominated films couldn’t be more different. Together, they represent the change we need
▼ + stars: | 2024-03-07 | by ( Opinion Noah Berlatsky | ) edition.cnn.com time to read: +7 min

All three films question male conventions and genres in ways that show exactly why we need more films by, and more nominations for, women-directed films. Les Films PelléasTriet’s “Anatomy of a Fall” is about a German novelist, Sandra (Sandra Hüller), accused of murdering her husband Samuel (Samuel Theis). Director Celine Song talks to lead actress Greta Lee on the set of "Past Lives." That doesn’t mean that women directors are less interesting or less original than male directors. Triet, Song and Gerwig have proved that women directors are uniquely positioned to question and rethink old genres, old stories and old ideas.

Persons: Noah Berlatsky, — Justine Triet’s “, Celine Song’s “, Greta Gerwig’s “, ” —, Noah Berlatsky Noah Berlatsky, it’s, Randa Haines, ”, —, Sandra Hüller, Justine Triet's, Pelléas, Sandra, Samuel, Samuel Theis, Billy Wilder’s, David Fincher’s, Triet, Nora Moon, Greta Lee, Hae Sung, Teo Yoo, Nora, Arthur, John Magaro, Celine Song, doesn’t, Gerwig, “ Barbie, “ Barbie ”, Barbie, Ken, Greta Gerwig, Margot Robbie, Jaap Buitendijk, Barbie ”, Bradley Cooper’s, Maestro ”, Christopher Nolan’s “ Oppenheimer, clichés, Alexander Payne’s “, Kelly Reichardt’s, Nida Organizations: CNN, USC, Initiative, Academy, New York Times, Everett, Warner Bros ., Warner Bros, Entertainment, ” Locations: Chicago, German, South Korea

☆ Disney and Reliance to merge media businesses in India in $8.5 billion joint venture
▼ + stars: | 2024-02-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: 1 min

Entertainment titan Walt Disney and Indian conglomerate Reliance will merge their Indian businesses, the U.S. entertainment giant announced Wednesday. The companies will be combining their respective Star India and Viacom18 units into the newly-created Star India joint venture, valued at roughly $ 8.5 billion on a post-money basis, excluding synergies. Following the completion of the transaction, Reliance, led by Asia's richest man Mukesh Ambani, will control the JV and inject $1.4 billion into its growth strategy. The ownership structure will comprise of a 16.38% interest for Reliance, 46.82% for Ambani's Viacom18 and 36.84% for Disney. Ambani's wife, Nita Ambani will chair the joint venture, while Viacom18 board member Uday Shankar will serve as vice chairperson.

Persons: Walt Disney, Mukesh Ambani, Ambani's, Nita Ambani, Uday Shankar Organizations: Reliance, Star India, Asia's, JV, Disney Locations: U.S

☆ Disney is set to report earnings after the bell. Here's what to expect
▼ + stars: | 2024-02-07 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

LOS ANGELES — The Walt Disney Company will report fiscal first-quarter results after the bell Wednesday as its board battles again with activist investor Nelson Peltz and Blackwells Capital. The media behemoth will also post earnings a day after it announced its sports network ESPN would partner with Fox and Warner Bros. Disney stock has climbed nearly 9% this year. Entertainment contains all of Disney's streaming and media operations, sports includes ESPN and experiences includes the company's theme parks, hotels, cruise line and merchandising efforts. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.

Persons: Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Julia Boorstin Organizations: ANGELES, Walt Disney Company, Blackwells, ESPN, Fox, Warner Bros, Netflix, Disney, Star, Entertainment

☆ Creator+ is looking to sell parts of its business as it winds down after raising $12 million to make movies starring influencers
▼ + stars: | 2024-02-06 | by ( Dan Whateley | Amanda Perelli | ) www.businessinsider.com time to read: +3 min

The company began winding down operations at the end of last year, a source familiar with the matter told BI. This story is available exclusively to Business Insider subscribers. Creator+'s business launched in 2021 and aimed to produce six feature films that year that would begin airing in 2022, cofounder Jonathan Shambroom previously told BI. "The company reviewed acquisition offers for various aspects of its business — completed films, films in development, technology, brand IP, etc. Investors and industry professionals told BI that creators are better served as a vehicle to launch a separate business in areas like e-commerce rather than as a product or customer on their own.

Persons: Benjamin Grubbs, Jonathan Shambroom, TikTokers Griffin Johnson, Noah Beck, YouTubers, Jason Kilar's, Shambroom, Grubbs, Jane, —, It's, Rex Woodbury, they're Organizations: Business, Hulu, Netflix, . Entertainment, Amp Studios, BI, VC Locations: TikTokers, influencers

☆ Meta is too optimistic on revenue and cost growth in 2024, says Needham's Laura Martin
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta is too optimistic on revenue and cost growth in 2024, says Needham's Laura MartinLaura Martin, Needham Sr. Entertainment & Internet Analyst, joins 'Closing Bell Overtime' to talk Meta earnings, the Big Tech sector, generative AI and more.

Persons: Needham's Laura Martin Laura Martin, Needham Organizations: Entertainment, Internet, Big Tech

☆ Sports investing has taken off, but the biggest prize in the industry remains almost untouchable
▼ + stars: | 2024-01-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 3 things in marketsJim Esposito, Goldman Sachs' head of global markets and banking, is set to retire from the bank, the firm said Monday. Jim Esposito is leaving Goldman Sachs after nearly 30 years. While he didn't share his next move, he told peers he'd "bleed Goldman Sachs forever." Goldman Sachs says rate cuts need to be on the menu in March.

Persons: —, Brooks Koepka, Rory McIlroy, Keyur Khamar, Marc Lasry, Steve Cohen, Aaron Mok, LeBron James, — Arthur Blank, Gerry Cardinale, Goldman Sachs, who's, Lasry, Cohen, Point72, it's, Patrick Smith, Peacock, David Tepper, Jim Esposito, We've, he'd, Jean Boivin, David Mericle, NurPhoto, Getty, Javier Zayas, Kevin Winter, Tyler Le, Critics, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Costco, Getty, PGA Tour, Fenway Sports Group, NFL's Atlanta Falcons, Capital Group, Milwaukee Bucks, New York Mets, NFL, Denver Broncos, Washington, Washington Post, Kansas City Chiefs, San Francisco 49ers, Carolina Panthers, BlackRock, Spotify, Apple, Google, Entertainment, Netflix, Studios, HBO, Disney, Walmart, Microsoft, Business Locations: Vegas, BlackRock, New York, London

☆ 5 reasons to be unapologetically thrilled about this year’s Oscar nominations
▼ + stars: | 2024-01-28 | by ( Dan Heching | ) edition.cnn.com time to read: +8 min

CNN —The nominations for the 96th Academy Awards were revealed last week and – as they so often do – caused quite a stir. Co-written and directed by Triet, “Anatomy of a Fall” is nominated for five Oscars this year in total, including for best original screenplay and best picture. That gives Williams more Academy Award nominations than any other living person. According to the Academy, the late Walt Disney holds the overall record of career nominations, with a grand total of 59. Still, it seemed to be a role destined for Brooks, who received a Tony Award nomination in 2016 for playing the same character in the Broadway revival of the musical.

Persons: Barbie’s, Greta Gerwig, Margot Robbie, Ryan Gosling, there’s, we’re, Justine Triet, Palme, Sarah Meyssonnier, Triet, Sandra Hüller, Barbie ”, Colman Domingo, Bayard Rustin, Rustin, David Lee, Steven Spielberg’s “, ” Domingo, “ Rustin, ”, Domingo, – Ian McKellen, Jodie Foster, Bonnie Stoll, Anthony Allen Ramos, ” Ramos, ” Cord Jefferson, Cord Jefferson, Claire Folger, Jeffrey Wright, Cord Jefferson’s, Jefferson, he’s, Trayvon Martin, Mike Brown, ’ ”, Percival Everett, Wright, Sterling K, Brown, John Williams, Ray Dolby, Michael Kovac, “ Indiana Jones, ” Williams, Oscar, Williams, Walt Disney, Danielle Brooks, Eli Ade ´, ” Brooks, Oprah Winfrey, Spielberg, Alice Walker, Brooks, “, Corey Hawkins, Harpo Organizations: CNN, Cannes Film, Reuters, “, Netflix, Orion, Jefferson, Hollywood & Highland Center, Academy of Motion Picture Arts and Sciences, Academy, Warner Bros, Entertainment Inc, Broadway, Juilliard Locations: Cannes, France, German, Steven Spielberg’s “ Lincoln, “ Nyad, Hollywood, Sofia, New York City

☆ Caroline Manzo slams TV network Bravo and accuses 'Real Housewives' costar Brandi Glanville of sexual assault in lawsuit
▼ + stars: | 2024-01-27 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

Caroline Manzo has sued Bravo over alleged sexual assault incidents. Manzo alleges in the lawsuit that Glanville sexually assaulted and harassed her on the third day of filming the show. Per the lawsuit, Glanville reportedly kissed Manzo without her consent while mounting her and "humping" her. Brandi Glanville also appeared in the second season of "The Real Housewives Ultimate Girls Trip" which aired in 2022. Representatives for Manzo, Glanville, and Bravo did not respond to requests for comment from Business Insider, which were sent outside of regular working hours.

Persons: Caroline Manzo, Bravo, Brandi Glanville, —, Manzo, Glanville, Zack DeZon, Peacock, groped, Derek Smith, Charles Sykes, Brandi Organizations: Daily, Service, Housewives of, Bravo, Forest Productions, Warner Bros . Entertainment, NBC Universal Media, Shed Media, New York, Business, Housewives, Beverly, Getty, Manzo Locations: Morocco, Housewives of New Jersey, Beverly Hills, Glanville

☆ 'Mean Girls' dominated the weekend box office even as some moviegoers were 'disappointed' to discover it was a musical
▼ + stars: | 2024-01-15 | by ( Dan Whateley | ) www.businessinsider.com time to read: +2 min

"Mean Girls" had a splashy box office debut, earning $28.7 million in its first three days. Its studio deemphasized that it was a musical in marketing to avoid repelling certain moviegoers. While most ticket buyers knew it was a musical, some were "disappointed" by the genre, per Variety. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: —, Martin Luther King Jr, Tina Fey, Wonka, Marc Weinstock, Weinstock, Variety, Taylor Swift Organizations: Service, American, Associated Press, Variety, Warner Bros . Entertainment

☆ 'Boomerang' CEOs of major companies
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Sam Altman reached an agreement with OpenAI to return as CEO on Wednesday, after a tumultuous few days following his ouster by the company's board. He joins a list of big name "boomerang" chief executives who have made comebacks at a later date. DELL (DELL.N) - MICHAEL DELLMichael Dell founded Dell Inc in 1980s and held the position of CEO until 2004, when he stepped down to serve as chairman. He returned as CEO in 2007 and led the company through the merger with EMC, which resulted in the emergence of Dell Technologies. He returned as CEO in 2023 amid challenges related to UBS's takeover of peer Credit Suisse.

Persons: Sam Altman, OpenAI, Steve Jobs, John Sculley, DELL, MICHAEL DELL Michael Dell, ROBERT IGER Robert Iger, HOWARD SCHULTZ Howard Schultz, JACK DORSEY Jack Dorsey, Evan Williams, Dorsey, SERGIO ERMOTTI Sergio Ermotti, Ralph Hamers, Boleslaw Lasocki, Victor Goury, Milla Nissi, Jane Merriman Organizations: Apple, Dell Inc, EMC, Dell Technologies . DISNEY, NBA, TWITTER, Twitter, UBS, Suisse, Thomson Locations: U.S, Swiss, Laffont, Gdansk

☆ Layoffs keep hitting Amazon, Netflix, Warner Bros. Discovery, and more entertainment companies — here's the list of those with recent cuts
▼ + stars: | 2023-11-16 | by ( Lucia Moses | Alison Brower | ) www.businessinsider.com time to read: +7 min

"Netflix missed their numbers, and Wall Street woke up," said Paul Hardart, director of NYU Stern's entertainment, media and technology program. A wide range of companies and employees were impacted, from entertainment giants to independent production companies to Hollywood talent agencies. More consolidation among the legacy media companies and independent production companies is widely expected, which often entails job cuts. Entertainment companies will get back to staffing up, but the jobs will be in stronger growth areas like gaming, streaming, and advertising, more than in filmed entertainment programming. Here are the Hollywood companies, listed alphabetically, that have made layoffs since the summer.

Persons: Paul Hardart, Bob Iger, Joanna Sucherman, Fox, Priyanka Chopra Jonas, Nadia Sinh, Companywide, Rami Malek, Mr, Dawn Olmstead, Heather McCauley, YANNIS DRAKOULIDIS, Oscar, Severance, Roku, Alison Levin, NBCUniversal, Curtis Brown, James, Jennifer Coolidge Organizations: Netflix, Disney, Business, US Bureau of Labor Statistics, NYU, Warner Bros, NBC, JLS Media, Entertainment, Hollywood, Amazon Studios, Studios, Talent, Variety, CAA, ICM Partners, DreamWorks Animation, Apple, NETFLIX, Nasdaq, TechCrunch, Starz, CNBC, Lionsgate, LIonsgate, UTA, Hollywood Reporter, Fletcher & Company, Co, HBO Locations: Hollywood, Australia

[1/2] JioCinema and Pokemon logos are pictured in this illustration taken November 15, 2023. Pokemon has spawned a global multi-billion dollar media franchise spanning trading cards, games, TV shows and movies. In total, JioCinema will add around 3,000 hours of children's content, including movies and shows from Entertainment One, Animaccord, Cartoon Network Studios and DreamWorks, the sources said. Some Pokemon content was earlier on Voot, but the new JioCinema deal is a "much larger partnership", one of the sources said. NBCUniversal told Reuters that "kids and family programming", including DreamWorks content, was part of a multi-year partnership with JioCinema announced in May.

Persons: Dado Ruvic, Mukesh Ambani, Mukesh Ambani's, Ambani, Viacom18, NBCUniversal, JioCinema, Aditya Kalra, Munsif, Miral Organizations: REUTERS, Disney, Netflix, Cartoon Network, DreamWorks, Pokemon Company, Walt Disney Co, Nintendo, Media Partners, Entertainment, Cartoon Network Studios, Reuters, Warner Bros Discovery Inc, Hollywood, Thomson Locations: DELHI, India, New Delhi, Bengaluru

☆ The No. 1 industry Gen Z wants to work in, according to new research—it's not tech
▼ + stars: | 2023-11-14 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Media and entertainment is the top industry Gen Z wants to work in, beating tech, health care and education, according to a new report from Samsung and Morning Consult. The report, which surveyed over 1,000 Americans ages 16 to 25, found that Gen Z values flexible, creative jobs and careers where they can maintain a healthy work-life balance. Work-life balance trumps job securityTo be fair, 2023 has been a tough year to work in media and entertainment. Even so, Gen Z is a social generation that places a high value on community and societal impact over job security in their careers, Woo points out. Gen Z wants to become influencers — or have the freedom to change their minds

Persons: Z, Ann Woo, Woo, Gen Z Organizations: . Media, Samsung, Samsung Electronics America, Media, WGA, SAG, Entertainment, of Labor Statistics Locations: Silicon Valley

[1/2] SAG-AFTRA members walk the picket line during their ongoing strike outside Sony Studios in Culver City, California, U.S. September 29, 2023. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLOS ANGELES, Oct 17 (Reuters) - Santa Claus will not be coming to Hollywood this year. The strike, which has entered its 14th week, is scrambling next year’s film slate and delaying the return of primetime television comedies and dramas. Some have sold rights to film and television libraries to keep the lights on, one buyer told Reuters. Some major studio films scheduled for next year could slip into 2025 if the work stoppage continues, according to the studio executive, raising concern that audiences will get out of the habit of going to theaters.

Persons: Mario Anzuoni, Santa Claus, “, ”, Farrelly, Satan, Bob Marley, Guy Ritchie’s, Jake Gyllenhaal, Henry Cavill, Doug Creutz, Dawn Chmielewski, Lisa Richwine, Ken Li, Rod Nickel Organizations: Sony Studios, REUTERS, Reuters, Media, Warner Bros ., Television, CSI, CBS, Thomson Locations: Culver City , California, U.S, Santa, Hollywood, North America, Spain, Los Angeles

☆ Why America’s strike wave is barely registering on Wall Street
▼ + stars: | 2023-10-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Give in, and companies will be less profitable and at a competitive disadvantage, big business has said. Streaming and entertainment companies (Disney, Amazon, Apple, Netflix, Comcast, Paramount and CNN parent company, Warner Bros. Discovery) saw 2.5% growth in new investors on Public during the writers strike, which began in May and ended in early October. Nothing to sweat for buy-and-hold investors: Even investors who buy index funds and are concerned about the effects of the strike probably can take a deep breath.

Persons: It’s, haven’t, Ford, Ginger Graham, Walgreens, ”, Matt Egan, JPMorgan Chase, Jamie Dimon, Dimon, ” Dimon, Goldman Sachs, ” Goldman Sachs, David Solomon, “ Organizations: CNN Business, Bell, New York CNN — Corporate, Cornell University’s Labor, Public, Ford, GM, Apple, Netflix, Comcast, Paramount, CNN, Warner Bros, Hollywood, Entertainment, Morningstar, General Motors, Walgreens, Pharmacy, JPMorgan, of Commerce, Israel - America Chamber of Commerce Locations: New York, Arizona , Washington , Massachusetts, Oregon, West Coast, Israel, United States

☆ How Texas Monthly is cashing in on Hollywood's true crime obsession
▼ + stars: | 2023-10-10 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Streamers increasingly are leaning into true crime and stories about the heartland, and Texas Monthly can check those boxes. Of the publication's 50 film and TV projects, half fall into the true crime genre. "They're trying to reach the middle of the country, and we've got things that do that," Scott Brown, Texas Monthly's president, told Insider. Texas Monthly also has a first-look deal with Warner Bros. Sarah Aubrey, head of original content at Max (and an Austin native), told Insider Texas Monthly has an "uncanny ability" to identify not only gripping true crime but also cultural stories with unforgettable characters.

Persons: Richard Linklater, Oscar, we've, Scott Brown, Brown, Taylor Sheridan, Deborah Esquenazi, Sarah Aubrey, It's, Elizabeth Olsen, Max's, Jake Giles Netter, HBO Max, —, greenlit, James Reyos Organizations: Texas, Netflix, Hollywood, Warner Bros, HBO, HBO Max Texas, Entertainment, CAA Locations: Venice, Toronto, Houston, Scott Brown , Texas, Texas, Austin, Hollywood

SAG-AFTRA actors and Writers Guild of America (WGA) writers walk the picket line outside Disney Studios in Burbank, California, U.S., July 25, 2023. Writers and actors share common concerns, including the desire for higher pay and for curbs on the use of artificial intelligence (AI) in entertainment. The Writers Guild of America (WGA), which went on strike May 2, reached a tentative deal with studios Sunday. Negotiators for the SAG-AFTRA actors' union have not held talks with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney (DIS.N), Netflix (NFLX.O) and other studios, since this summer. As with writers, actors are looking for compensation that reflects the value they bring to streaming, specifically, in the form of revenue sharing.

Persons: Mike Blake, Mel Shimkovitz, Walt Disney, AFTRA, Pedro Pascal, Bob Odenkirk, We're, Lisa Richwine, Dawn Chmielewski, Rollo Ross, Miral Organizations: Writers Guild of America, Disney Studios, REUTERS, Guild of America, Netflix, WGA, SAG, Alliance, Television Producers, Walt, Entertainment, Thomson Locations: Burbank , California, U.S, Los Angeles

☆ Hollywood Writers' Deal May Set a Template for Talks With Striking Actors
▼ + stars: | 2023-09-26 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +3 min

By Dawn Chmielewski and Lisa RichwineLOS ANGELES (Reuters) - The tentative deal Hollywood writers reached with the major studios and streaming services could serve as a template for actors, who have been on strike since mid-July. Writers and actors share common concerns, including the desire for higher pay and for curbs on the use of artificial intelligence (AI) in entertainment. The Writers Guild of America (WGA), which went on strike May 2, reached a tentative deal with studios Sunday. Negotiators for the SAG-AFTRA actors' union have not held talks with the Alliance of Motion Picture and Television Producers (AMPTP), which represents Walt Disney, Netflix and other studios, since this summer. As with writers, actors are looking for compensation that reflects the value they bring to streaming, specifically, in the form of revenue sharing.

Persons: Dawn Chmielewski, Lisa, Mel Shimkovitz, Walt Disney, AFTRA, Pedro Pascal, Bob Odenkirk, We're, Lisa Richwine, Rollo Ross, Miral Fahmy Organizations: ANGELES, Reuters, Guild of America, Netflix, WGA, SAG, Alliance, Television Producers, Entertainment Locations: Los Angeles

☆ What Is the 50/30/20 Rule?
▼ + stars: | 2023-09-07 | by ( Kevin J. Ryan | ) www.wsj.com time to read: +7 min

Perhaps the most popular method is the 50/30/20 rule, which is a simple and effective way to take control of your money. The 50/30/20 budget rule was popularized by Sen. Elizabeth Warren—then a Harvard Law professor—and her daughter, Amelia Warren Tyagi, in their 2006 book “All Your Worth: The Ultimate Lifetime Money Plan.” They called it a “good rule of thumb” for getting your budget in order. What is the 50/30/20 rule? Alternatives to the 50/30/20 budget methodOf course, no one budgeting method is for everyone. For example, like the 50/30/20 rule, the 70/20/10 rule also divides your after-tax income into three categories but differently: 70% for monthly spending (including necessities), 20% for savings and for 10% donations and debt repayment above the minimums.

Persons: Kevin J, Ryan, Sen, Elizabeth Warren —, —, Amelia Warren Tyagi, “ It’s, ”, Akeiva Ellis, Greg Giardino, “, “ You’ve, You’ve, Austin, Jordan Benold, that’s, it’s, There’s Organizations: Harvard Locations: Tarrytown, N.Y, San Francisco, New York, Frisco , Texas, you’ll

Spectrum is the second largest U.S. cable provider, serving 14.7 million homes across large markets such as New York and Los Angeles. Shares of Disney dropped 2.65% to a three-year low while Charter lost 3.4%. Warner Brothers Discovery Inc (WBD.O) fell 10%, Fox Corp (FOXA.O) shed 6%, Paramount Global (PARA.O) dropped 8%, while Comcast Corp (CMCSA.O), the largest U.S. cable provider, was down nearly 3%. Charter said Disney rejected its proposal for a new distribution deal that takes into account the rise of competing low-cost streaming services, which has fueled cord-cutting among its customers. The cable provider said it pays Disney $2.2 billion in annual programming costs, excluding advertising.

Persons: Brendan McDermid, Hogan, Disney, Dennis Dick, Chibuike Oguh, Amruta Khandeka, Khushi Singh, Michelle Price, Richard Chang Organizations: Walt Disney Company, New York Stock Exchange, REUTERS, Fox Corp, Warner Brothers Discovery Inc, Disney, Charter Communications, ESPN, ABC, Hollywood, Charter, Paramount Global, Comcast Corp, U.S, Riley, Triple D, Thomson Locations: New York, U.S, Los Angeles, Hollywood, Bengaluru

☆ Venice jury chief says art must triumph over content in Hollywood
▼ + stars: | 2023-08-30 | by ( Crispian Balmer | ) www.reuters.com time to read: +2 min

VENICE, Aug 30 (Reuters) - Amid the glitz of the Venice Film Festival, jury president Damien Chazelle said on Wednesday he wanted to draw attention to strikes by Hollywood writers and actors that have brought much of the U.S. entertainment industry to a standstill. "It is a difficult time obviously in Hollywood for working actors and writers, and also for crews," Chazelle told reporters as the world's oldest film festival got underway. "There is a basic idea that each work of art has a value unto itself and is not just a piece of content, which is Hollywood's favourite word right now," said Chazelle, director of "La La Land" and "Whiplash". "It comes down to each person being remunerated for each piece of art that is made, and how to find a way to maintain and get back that idea of art over content." The major U.S. entertainment studios have said they are committed to reaching "an equitable agreement" to end the long-running stoppage.

Persons: Damien Chazelle, Chazelle, Alberto Barbera, Maestro, Emma Stone, Michael Fassbender, Bradley Cooper, Barbera, Crispian Balmer, Mark Heinrich Our Organizations: VENICE, Venice Film, Hollywood, Netflix, U.S, Thomson Locations: Venice, U.S, Hollywood

☆ Cable and broadcast TV viewing falls below 50% for the first time
▼ + stars: | 2023-08-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

In July, linear TV made up less than half of all TV viewing, according to Nielsen. Both broadcast and cable “each represented record low shares” of total viewership, the firm’s report said, making up just 49.6% combined. Meanwhile streaming services, such as Netflix and YouTube, grew last month to a record high of 38.7% of all total TV watching. Broadcast viewership dropped 3.6% in July, making up just 20% of all TV viewership, and cable viewing dropped 2.9%, making up 29.6%. Year-over-year, broadcast viewership slid 5.4% and cable TV dropped 12.5%.

Persons: Nielsen, Meghan Markle, Peacock Organizations: New, New York CNN, Nielsen, Netflix, YouTube, Amazon Prime, Hulu, Disney, Entertainment, CNN, Warner Bros, Paramount Locations: New York

Search resuls for: ". Entertainment"

25 mentions found