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☆ Rupert Murdoch testified that Fox News hosts lied about the 2020 election. Here's why it wasn't a misstep.
▼ + stars: | 2023-03-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +8 min

Rupert Murdoch admitted Fox News hosts endorsed falsehoods about the 2020 election. Murdoch chairs Fox Corporation, which argues it isn't responsible for claims made on subsidiary Fox News. Here was the chair of Fox Corporation, a 91-year-old mogul atop a conservative media empire, admitting to lies that damaged democracy. When asked by Dominion's lawyers in a January deposition whether he thought Fox hosts were truthful about the election, Murdoch was candid. Fox Corporation also manages subsidiaries like Fox Sports, a large number of local TV stations, TMZ, Tubi, and a blockchain company.

☆ How HBO's content chief plans to grow the audience for Warner Bros. Discovery's new mega-streamer with DC and Warner Bros. shows
▼ + stars: | 2023-03-01 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

HBO's Casey Bloys revealed his content strategy on "The Watch" podcast and in a talk with Parrot Analytics. Bloys also shared what's ahead for HBO Max once it combines with Warner Bros. Despite economic pressures on streaming, he's not worried that HBO content will suffer. "Euphoria" is second only to "Game of Thrones" in most-viewed HBO shows, but Bloys was hesitant at first to develop its hit 2022 prequel "House of the Dragon," he told "The Watch." And he pointed to more Batman spinoffs like "The Penguin" that's coming to HBO Max and will star Colin Farrell.

☆ From meltdowns to break-ups, viewers are still talking about Tubi's divisive prank Super Bowl ad days after it aired
▼ + stars: | 2023-02-16 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Tubi aired a cheeky prank commercial during Super Bowl LVII on Sunday that many are still discussing. The ad made viewers think the game was back, only to be interrupted by a switch to the Tubi app. Social media users are still cracking jokes and making serious points about reactions to the ad. Twitter and TikTok users are still talking about the Fox-owned streaming service's Super Bowl commercial days after the big game aired, after many say it successfully tricked them into thinking someone was controlling their TV. "The way that tubi commercial caused so many issues," one Twitter user wrote on Wednesday.

Like last season, season nine of "The Masked Singer" will include special themed nights. How to watch 'The Masked Singer' season 9You can watch "The Masked Singer" season nine Wednesdays at 8 p.m. ET/PT on Fox. To watch every episode of "The Masked Singer" during your trial, you should wait to sign up until the season nine finale airs. Who is competing in 'The Masked Singer' season 9? Though we'll have to wait to see who the secret celebrities are, the contestant stage names for season nine of "The Masked Singer" include:AxolotlCalifornia RollDandelionDollFairyFrench HenGargoyleGnomeJackalopeMacawMantisMedusaMooseMustangNight OwlPolar BearRock LobsterSquirrelHow many episodes will 'The Masked Singer' season 9 have?

☆ HBO's content chief reveals plans to build audiences for HBO Max and Warner Bros. Discovery's new mega-streamer with DC and Warner Bros. shows
▼ + stars: | 2023-02-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

HBO's Casey Bloys revealed his content strategy on "The Watch" podcast and in a talk with Parrot Analytics. Bloys also shared what's ahead for HBO Max once it combines with Warner Bros. Despite economic pressures on streaming, he's not worried that HBO content will suffer. And even after Bloys took on oversight of HBO Max Originals in 2020, "The idea is to do things that are not necessarily for HBO," he told "The Watch." And he pointed to more Batman spinoffs like "The Penguin" that's coming to HBO Max and will star Colin Farrell.

☆ Dogs Win the Super Bowl Ad Lineup, Surveys Show
▼ + stars: | 2023-02-13 | by ( Patrick Coffee | ) www.wsj.com time to read: +5 min

The winner of USA Today’s annual Super Bowl Ad Meter was a commercial for dog-food delivery company Farmer’s Dog Inc. that tracked one chocolate Lab’s relationship with its owner from puppyhood to old age. The USA Today rankings had some overlap with other results. Research by Ace Metrix, a unit of TV ad measurement firm iSpot.tv Inc., crowned Jeep’s Super Bowl commercial as the most likable of the night. Jeep had the game’s most likable ad, according to Ace Metrix. “In past years, we’ve seen the majority of Super Bowl conversation generated in the weeks leading up to the Big Game,” a Mars spokeswoman said.

☆ Fox CEO Lachlan Murdoch reportedly turned down multiple offers over $2 billion to buy Tubi as streamer reports record users and ad revenue
▼ + stars: | 2023-02-10 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

Fox turned down multiple "unsolicited offers" over $2 billion for Tubi, Bloomberg reported. Fox bought the free ad-supported streamer for $440 million in 2020, and it has grown in users and ad revenue since. Fox bought the streamer for $440 million in 2020, and Tubi has reported consistent increases in users and revenue in the years since. An Insider report on various free ad-supported streaming services from last year valued Tubi at $2.8 billion, based on revenue, user data, and independent analysis. Some research on free ad-supported TV and video on-demand services suggests that revenue of the services could double to about $30 billion, according to Bloomberg.

☆ How Netflix leaders, including its new co-CEO, are thinking about a fast streaming service that could supercharge its ads business
▼ + stars: | 2023-02-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

Netflix said it's open to adding a free, ad-supported streaming service. A FAST offering could help Netflix scale its nascent ads business, which has been slow to take off. Could Netflix launch a free, ad-supported service? A FAST channel — free, ad-supported television — is a linear stream, a model media companies are increasingly using to complement traditional TV and paid streaming services. For Netflix, a FAST could be a quick way to scale its ads business.

☆ Fox projects record Super Bowl ad revenue after World Cup, NFL boosted results
▼ + stars: | 2023-02-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Fox Corp said Wednesday it will rake in a record amount of Super Bowl ad revenue as it reported a boost in its fiscal second quarter results. NFL and college football games helped drive ratings and advertising revenue, Fox executives said Wednesday. The company's broadcast network will air the Super Bowl on Sunday, which is known to be the marquee event for advertisers. "The money came in late for Super Bowl advertising, so we had some nervous moments," Murdoch said. "But it will be a record Super Bowl for us in terms of total revenue and what we achieved for each spot."

☆ Exclusive: Warner Bros Discovery licenses movies and TV shows to Roku, Tubi
▼ + stars: | 2023-01-31 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +3 min

Jan 31 (Reuters) - Warner Bros Discovery Inc (WBD.O) has reached deals with streaming services Roku Inc (ROKU.O) and Fox Corp's (FOXA.O) Tubi to license 2,000 hours of movies and TV series, as it becomes the latest media company to embrace free, ad-supported streaming TV. The streamers announced Tuesday they plan to use the content to launch Warner Bros-branded free, ad-supported TV (or FAST) channels. For the first nine months of 2022, Warner Bros Discovery's streaming business, which includes HBO Max, lost $1.38 billion. The studio is seeking to capitalize on a growing segment of the streaming universe, which industry executives see as complementing subscription streaming services. AMC Networks Inc (AMCX.O), Comcast Corp's (CMCSA.O) NBCUniversal and the National Hockey League have launched FAST channels over the last year.

☆ Netflix is thinking about a free streaming service to boost its ads business, insiders say
▼ + stars: | 2023-01-24 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

☆ HBO Max has always streamed HBO series like 'Game of Thrones' without commercials. But that's going to change.
▼ + stars: | 2022-12-23 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

Ads are coming to HBO original series like "Game of Thrones" on HBO Max. Running ads alongside HBO originals could turn off viewers or possibly anger creators. HBO Max has kept commercials off its most prestigious programming — HBO originals series like "Mare of Easttown" and "Game of Thrones" (though ads appear in HBO Max originals like "The Flight Attendant" and "Hacks"). At the service's launch, Andy Forssell, then HBO Max EVP and GM, called the plan an effort to create an "elegant, tasteful ad experience that is respectful of great storytelling." With HBO Max, WBD is racing to make streaming profitable while slashing debt.

☆ The biggest media targets and buyers in 2023, as speculation swirls around Disney's next move under CEO Bob Iger and how Warner Bros. Discovery can shed debt
▼ + stars: | 2022-12-19 | by ( Lucia Moses | Claire Atkinson | Reed Alexander | ) www.businessinsider.com time to read: +12 min

Continued pressure to get bigger has big media companies in Hollywood looking to scale up. Media bankers and investors predicted to Insider that dealmaking will rebound in 2023 as companies big and small size up their options for possible tie-ups. Pressure on big media companies to get bigger hasn't gone away. Apple: Could eye a big content prizeTim Cook. Paramount's library could help a streaming company bulk up its content; Netflix for one has explored Paramount's studio business before.

☆ Tubi CEO Farhad Massoudi on how FAST streamers superserve audiences and why Netflix and Disney+ have made the 'desperate' move to launch ad-supported tiers
▼ + stars: | 2022-12-15 | by ( Elaine Low | ) www.businessinsider.com time to read: +4 min

Tubi CEO Farhad Massoudi, who is featured on Insider's list of 100 People Transforming Business, is bullish about the FAST player's future. "We're competing with irrational players," Massoudi said of big-spending subscription streamers. With over 51 million monthly active users, mostly in the US, Fox-owned Tubi is beating all of its internal projections, Massoudi told Insider. "It's one thing to license that massive library," Massoudi told Insider in an October interview. "The truth is, most of these streaming services are not and were never a viable business," asserts Massoudi.

☆ CBS-owned stations added to free, rapidly growing local news streaming service VUit
▼ + stars: | 2022-12-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

He added: "It's a double-edged sword when making the transition to the [streaming] TV world." TV and streaming services are crawling all over each other for more content that retains viewers. Some companies like Sinclair have created their own free streaming services, and many affiliates use their websites and build their own apps to offer newscasts. VUit aims to work with CBS's local stations to boost their hyperlocal events on the platform and attract more eyeballs. A recent Iceman Challenge mountain bike race in Traverse City, Michigan, available only from local station WWTV on VUit's platform, garnered thousands of viewers.

☆ From Apple and Disney to Warner Bros. Discovery, here's the 2023 media deal outlook for Hollywood's biggest companies, according to 13 bankers and industry experts
▼ + stars: | 2022-12-06 | by ( Lucia Moses | Claire Atkinson | Reed Alexander | ) www.businessinsider.com time to read: +12 min

Netflix founder and co-CEO Reed Hastings said Wednesday he was slow to come around to advertising on the streaming platform because he was too focused on digital competition from Facebook and Google . "So Google and Facebook were going to mop up the world — and they have in non-TV advertising." Advertisers were "desperate" for avenues in connected TV and internet, Hastings said, but Netflix was still on the sidelines. "We didn't have to steal away the advertising revenue. There are also free streaming services, such as Paramount's Pluto and Fox Corp.'s Tubi, which make revenue solely through advertising.

☆ Lachlan Murdoch biographer breaks down his relationship with father Rupert Murdoch and why a merger of Fox and News Corp is about 'entrenching Lachlan's control'
▼ + stars: | 2022-11-30 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +10 min

A new unauthorized biography of Lachlan Murdoch explores his business profile and family relationships. Its author, Paddy Manning, speculates about who might exit if Rupert Murdoch's Fox Corp and News Corp recombine. Rupert Murdoch remains executive chairman of News Corp and chairman of Fox. Lachlan Murdoch was named Fox's CEO, and James Murdoch, after four years as CEO of 21st Century Fox, was left to carve his own path. If you're looking longer-term about who's going to run the company beyond the merger, if it happens, [News Corp CEO] Robert Thomson is probably retiring.

☆ Potential News Corp, Fox reunion faces opposition from large shareholder
▼ + stars: | 2022-11-23 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Independent Franchise Partners told the Journal that a straight equity exchange between Fox and News Corp would dilute and delay the realization of News Corp's substantial intrinsic value. The firm wouldn't oppose a recombination so long as it was done in a way that would see News Corp shares valued at more than $30. However, it believes the only way to realize that share price is to sell parts of News Corp, which was trading at around $18 on Wednesday. This is not the first non-Murdoch shareholder to push back on the proposed deal. Earlier this week, Irenic Capital Management said it sent a letter to the special committee saying Fox didn't serve News Corp's strategic goals, and, like Independent Franchise, believes News Corp shares are undervalued.

☆ Amazon's new 65-inch Fire TV is better and currently costs less than last year's model
▼ + stars: | 2022-11-21 | by ( Sofia Pitt | ) www.cnbc.com time to read: +5 min

In this article AMZN Follow your favorite stocks CREATE FREE ACCOUNTAmazon's Fire TV Omni QLED Series 4K UHD smart TV. AmazonI've been testing Amazon 's new 65-inch Fire TV Omni QLED Series 4K UHD smart TV. Amazon's Fire TV Omni QLED Series 4K UHD smart TV with widget display. Amazon Fire TV Omni QLED Series 4K UHD. Amazon Fire TV Omni QLED Series 4K UHD Prime UI.

☆ Streaming enters a new reality with a boom in sports and drive for profitability as fresh voices continue to break through with innovative storytelling on new platforms
▼ + stars: | 2022-11-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Big entertainment players face pressure to make streaming profitable and satisfy diverse audiences. 100 People Transforming Business is an annual list highlighting people across industries who are changing the way the world does business. As streamers feel the limits of subscription growth, free, ad-supported TV streamers like Tubi have grabbed market share. While many in Hollywood fear that marginalized voices could get sidelined in a tougher market, 2022 has seen more storytelling and content elevating previously excluded communities. As CEO Ken Kim told Insider, "It's not just professional creators — they are from all over the world."

☆ Lachlan Murdoch biographer breaks down his relationship with dad Rupert and why his siblings want to change 'destructive' Fox News
▼ + stars: | 2022-11-10 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +9 min

A new unauthorized biography of Lachlan Murdoch explores his business profile and family relationships. Its author, Paddy Manning, speculates about who might exit if Rupert Murdoch's Fox Corp and News Corp recombine. Lachlan Murdoch was named Fox's CEO, and James Murdoch, after four years as CEO of 21st Century Fox, was left to carve his own path. Why did you want to write a book about Lachlan Murdoch? Did you talk to Lachlan Murdoch?

☆ Warner Bros Discovery reports underwhelming revenue, says new streaming service coming earlier
▼ + stars: | 2022-11-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Discovery reported its third-quarter earnings on Thursday, missing analyst expectations, as it felt the effects of a tough advertising environment and costs associated with its post-merger restructuring. CEO David Zaslav also announced that the merged version of the company's HBO Max and Discovery+ streaming services will be coming in the spring, earlier than the previously announced summer release date. Here's what the company reported compared with analysts' expectations, according to Refinitiv:Revenue: $9.82 billion vs. $10.36 billion expectedThe company reported a loss per share of 95 cents, citing macroeconomic headwinds, particularly in advertising. Discovery is the result of a merger between AT&T's WarnerMedia and Discovery, which was completed earlier this year. Industry peer Paramount Global reported earnings on Wednesday, also missing analyst estimates as its TV and advertising revenue fell.

☆ Women athletes now have their own sports network
▼ + stars: | 2022-11-02 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +4 min

The first-ever network to focus on female athletes, the Women's Sports Network, launched Wednesday, offering 24/7 streaming of original programming, competitions, documentaries and a daily studio show "Game On." The Women's Sports Network is a free, ad-supported network featured on streaming services including Amazon.com 's Freevee, Fox Corp .'s FuboTV and Tubi, along with smart TVs. The Women's Sports Network has partnerships with the Women's National Basketball Association, Women's Football Alliance, Ladies Professional Golf Association, U.S. Female athletes at the collegiate level are also proving to be winners in the NIL era, garnering deals with brands including Nike now that college athletes can be paid for their name, image and likeness. "The Women's Sports Network is exactly what athletes, fans and sponsors have been asking for," Mollie Marcoux Samaan, commissioner of the Ladies Professional Golf Association, said in a release announcing the network launch.

☆ Paramount Global shares slide as results miss and TV revenue falls
▼ + stars: | 2022-11-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Paramount Global on Wednesday reported $6.92 billion in revenue for its third quarter, an increase of 5% year-over-year. Yet the company's results missed expectations as it suffered from cord cutting and a drop in advertising revenue. Advertising revenue for the segment also dropped, a sign that macroeconomic headwinds are beginning to hit. Paramount said advertising revenue for its TV networks was down 3% to about $1.9 billion. The company noted it also restructured some of its international affiliate TV agreements during the quarter, which shifted revenue from pay-TV services to streaming.

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