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☆ ‘It sucks for all of us.’ Charles Barkley says the quiet part aloud as TNT’s NBA future in doubt
▼ + stars: | 2024-05-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN —The situation at Warner Bros. Discovery’s TNT network “sucks, plain and simple,” Charles Barkley bluntly said Thursday. Barkley, who said he feels “so bad for the people” he works with, laid blame at the feet of the “clowns” atop WBD. Wall Street has responded quite negatively to the possibility WBD, which has built a programming slate around the NBA, could lose the rights to air the games. And TNT has built a programming slate around the NBA games, most notably the highly rated “Inside the NBA” show. Losing the rights to NBA games could throw aspects of that business partnership into question.

Persons: ” Charles Barkley, NBA ”, Dan Patrick, ”, Barkley, ” Barkley, David Zaslav’s, Adam Silver, Turner, Bloomberg’s Lucas Shaw, WBD, “, Shaw, ” Shaw, Joe Flint, Amol Sharma, Isabella Simonetti, Zaslav, Venu, That’s, Gunnar Wiedenfels, Wiedenfels, ” Wiedenfels, there’s, you’ve Organizations: CNN, Warner Bros, TNT, NBA, Turner, Comcast, WSJ, WBD, NCAA, MLB, NHL, NASCAR, College Football, ESPN —, Disney, Fox Corp, Morgan’s Technology, Media & Communications Locations: WBD

☆ Charter shares plunge after chief financial officer says company may lose broadband subscribers in fourth quarter
▼ + stars: | 2023-12-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Charter shares plunged more than 8% Tuesday after its Chief Financial Officer Jessica Fischer said the company could lose broadband subscribers in the fourth quarter. Charter competitor Comcast 's stock also slipped more than 3% in midday trading. Comcast reported it lost 18,000 broadband subscribers in the third quarter. Even so, Fischer believes Charter will return to subscriber growth, citing a potential rebound in the housing market. Adding "value back into video," referring to Disney and Charter's deal to include Disney+ in some Spectrum plans, will also drive competitiveness for Charter, Fischer added.

Persons: Jessica Fischer, Fischer Organizations: Comcast, UBS Global Media, Communications Conference, Disney, Charter, CNBC, CNBC PRO

☆ Disney still has plans to spend billions in Florida despite its battle with DeSantis
▼ + stars: | 2023-05-26 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Ron DeSantis, Disney remains committed to the state of Florida. Those figures have been repeated by CEO Bob Iger and parks chief Josh D'Amaro over the past few months, as tensions between Disney and Florida lawmakers have continued to ratchet up. Disney recently scrapped plans to open up a new employee campus in Lake Nona, Florida, citing "changing business conditions." "And this includes things like the transformation of Epcot," he explained. "It includes things like there's a new Star Tours attraction coming, we have a new Tiana attraction that's coming.

☆ How TikTok and the music industry are bound to each other as 'frenemies,' even as they battle over licensing
▼ + stars: | 2022-11-17 | by ( Dan Whateley | ) www.businessinsider.com time to read: +10 min

All of these promotional functions have benefited the music industry, boosting streams on platforms like Spotify or Apple Music and helping artists grow their fan bases. The company filed a US trademark application in May for a potential music-streaming product called "TikTok Music," Insider first reported. Licensing negotiations to either expand Resso or introduce TikTok Music into other markets are underway, a person with direct knowledge of the process told Insider. Licensing negotiations are nearly constant in the music industryByteDance and TikTok already have existing agreements in place with major record labels and publishers like Warner Music Group, Sony Music Entertainment, the National Music Publishers' Association, and ICE. Last quarter, YouTube's head of music wrote that the company paid out $6 billion to the music industry over a 12-month period.

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