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☆ Paramount Lays Off 15 Percent of U.S. Employees
▼ + stars: | 2024-08-13 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com time to read: +1 min

Paramount, the parent company of CBS, Nickelodeon and MTV, told its employees on Tuesday it was beginning a series of long-scheduled job cuts that would winnow its staff by roughly 15 percent in the United States. The company’s three co-chief executives said in an internal note that the cuts — which would be “incredibly hard” — were necessitated by shifts in the entertainment industry. The layoffs, which will affect thousands of employees, are the latest in a series of cutbacks by major media players. Discovery, the parent of CNN, TNT and HBO, has slashed its staff routinely in recent years as it pays down billions in debt. Disney laid off more than 100 employees in its TV division last month.

Persons: ”, Brian Robbins, George Cheeks, Chris McCarthy Organizations: Paramount, CBS, Nickelodeon, MTV, Paramount Pictures, Showtime, MTV Entertainment Studios, Warner Bros, CNN, TNT, HBO, Disney Locations: United States

☆ ‘Veep’ star Julia Louis-Dreyfus to host panel with female governors during DNC
▼ + stars: | 2024-08-13 | by ( Elizabeth Wagmeister | ) edition.cnn.com time to read: +2 min

CNN —Julia Louis-Dreyfus will host a panel during the Democratic National Convention with the Democratic Governors Association to put a spotlight on the United States’ female governors, the actress’ publicist confirmed to CNN. Louis-Dreyfus – who played the first fictional female vice president of the United States on HBO’s Emmy-winning “Veep” – is a longtime Democratic supporter and has spoken out publicly on women’s issues throughout her career. The panel, which will be held on August 21 during the week of the DNC in Chicago, will feature the country’s eight Democratic women governors: Arizona Gov. “I’m looking forward to our conversation and the opportunity to shine the spotlight on these accomplished leaders.”Julia Louis-Dreyfus in "Veep" Season 7. As if life was imitating art, fans have noted the real-life similarities to the scripted show in which Louis-Dreyfus played the first female vice president who then became the first female president.

Persons: Julia Louis, Dreyfus, Louis, Dreyfus –, Veep, Katie Hobbs, Laura Kelly, Janet Mills, Maura Healey, Gretchen Whitmer, Michelle Lujan Grisham, Kathy Hochul, Tina Kotek, Seinfeld, ” Louis, “, ” Julia Louis, HBO Max Louis, Selina Meyer, –, Joe Biden, Kamala Harris, Harris, ” Armando Iannucci, ”, CNN’s Lisa Respers Organizations: CNN, Democratic, Convention, Democratic Governors Association, United, Warner Bros ., DNC, Kansas Gov, Maine Gov, Massachusetts Gov, New, New Mexico Gov, New York Gov, Oregon Gov, “, Hollywood, HBO Locations: United States, Chicago, Arizona, Kansas, Maine, Massachusetts, Michigan, New Mexico, CNN’s Lisa Respers France

Meanwhile, Mizuho raised its price target on Palo Alto Networks ahead of the company's upcoming earnings release. But Grambling shaved $4 off his price target to $47, though that still implies 57.5% upside from Monday's close. Long kept his price target unchanged at $97, which reflects just 1.8% in upside over Monday's closing price. Analyst Laurent Yoon downgraded the media stock to market perform from outperform and shaved $2 off his price target to $8. Analyst Gregg Moskowitz raised his price target on the cybersecurity stock to $380 from $350, maintaining his outperform rating.

Persons: Bernstein, Mizuho, Rollins, Wells Fargo, Jason Haas, Haas, — Alex Harring, Thomas Palmer, Palmer, Morgan Stanley, DraftKings, Stephen Grambling, Grambling, Alex Harring, Tim Long, Long, Dell, Damian Karas, Karas, " Karas, Warner, Laurent Yoon, Yoon, Discovery's Turner, Gregg Moskowitz, Moskowitz, Fred Imbert Organizations: CNBC, Warner Bros, Palo Alto Networks, Hormel Foods, Citi, Hormel, Planters, Grambling, DraftKings, Barclays, Dell, Nasdaq, UBS, Discovery, NBA, Discovery's Turner Sports, Mizuho Locations: Wells Fargo, Monday's, Southern, Grambling, Palo Alto

☆ Getting to streaming profitability doesn't mean it's replacing the TV cable bundle: Matt Belloni
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGetting to streaming profitability doesn't mean it's replacing the TV cable bundle: Matt BelloniMatt Belloni, Puck founding partner, joins 'Squawk Box' to discuss the state of the legacy media business, how Warner Bros. Discovery's carriage fee negotiations with Comcast could play out, future of streaming, and more.

Persons: Matt Belloni Matt Belloni, Puck Organizations: Warner Bros, Comcast

☆ 'Deadpool & Wolverine' tops $1 billion at the global box office
▼ + stars: | 2024-08-11 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

Over the weekend, Disney and Marvel's "Deadpool & Wolverine" became only the second R-rated film to top $1 billion at the global box office. "Deadpool & Wolverine" is the first R-rated Marvel Cinematic Universe flick, as the previous two Deadpool films were produced and distributed by 20th Century Fox. It is also the second Disney film to top $1 billion at the global box office this year. Box office analysts expect "Deadpool & Wolverine" won't be the last for the company this year, either. The Toy Story franchise has generated $3.2 billion at the global box office, the two Frozen films surpassed $2.7 billion worldwide, the two Incredibles films tallied $1.8 billion globally, and "Zootopia" reached $1 billion worldwide during its run in 2016.

Persons: Ryan Reynolds, Paul Dergarabedian, Kang, It's, Disney, Shawn Robbins Organizations: Disney, Warner Bros, Century Fox, Marvel, Star, & $ Locations: Comscore

☆ Why Apple should buy Warner Bros. Discovery. No, seriously.
▼ + stars: | 2024-08-10 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

So I've got a not-so modest proposal: Time for Apple to jump in with both feet, and buy HBO — along with the rest of Warner Bros. I know, I know: "Apple should buy X, Y or Z" is a long-running piece of techworld fanfic. But now I think Apple should spend real money and buy WBD. And then, boom: Apple's services business — the part of the company Apple needs to keep growing while its hardware business slows — instantly grows by nearly 50%. AdvertisementIt's one thing for a tech company to buy a minor studio and 50% of the James Bond franchise.

Persons: —, I've, that's, Maxes, Warner, James Bond, hoover, It's, Tim Cook, Steve Jobs, Xi Jinping, Donald Trump, WBD Organizations: Service, Apple, HBO, Warner Bros, Business, Warner Bros . Studios, CNN, Warner mergred, Microsoft, Activision, Big Tech, Comcast, Paramount, Warners Locations: writedowns

☆ 2 cofounders whose last company sold to Amazon have raised $5 million to turbocharge a new comic-book startup. Read their pitch deck.
▼ + stars: | 2024-08-09 | by ( Dan Whateley | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Steinberger cofounded the comic-book platform Comixology in 2007, where Mosher would later serve as head of content. The pair joined Amazon in 2014 after it acquired the upstart, helping to shape the tech giant's digital comics and manga content experience. That background gave the pair a leg up when it came time to fundraise for Dstlry, Steinberger told Business Insider. "We spent a lot of time on the deck trying to really refine the storytelling," Steinberger said.

Persons: —, Dstlry, Chip Mosher, David Steinberger, Mosher, Steinberger, Lorenzo di Bonaventura, Mike Vorhaus, John Schappert, It's Organizations: Service, Business, Amazon, 1AM Gaming, Kodansha, Warner Bros

☆ Paramount to lay off 15% of staff amid brutal period in media
▼ + stars: | 2024-08-08 | by ( Liam Reilly | Jon Passantino | ) edition.cnn.com time to read: +3 min

New York CNN —Paramount Global, the storied media conglomerate, announced Thursday it will lay off 15% of its US staff and write down $6 billion in value of its cable television networks as it prepares to merge with Skydance Media. Discovery, the parent company of CNN, TNT, HGTV and other cable networks, posted a $9.1 billion write down on its television business. “And this impairment acknowledges this.”The recent turbulence in the media business extends well beyond the traditional television industry, affecting digital news outlets and print publications. As profits in the television business have eroded away, Paramount has been hit particularly hard. Paramount said its streaming service Paramount+ posted a $26 million profit after losing $424 million during the same period last year and said it expects subscriber growth in the second half of the year.

Persons: David Ellison’s SkyDance, Chris McCarthy, “, ”, David Zaslav, Axios, Jim VandeHei Organizations: New, New York CNN, Paramount Global, Skydance Media, Paramount, Warner Bros, CNN, TNT, HGTV, Broadcasting, Cable, Nickelodeon, Comedy Central, MTV, Discovery, HBO, Max Locations: New York

☆ Pressure mounting on Warner Bros. Discovery CEO David Zaslav to deliver value for shareholders
▼ + stars: | 2024-08-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Discovery CEO David Zaslav needs a win. Since merging Discovery with WarnerMedia in 2022 and immediately slashing billions in costs, Zaslav has struggled to convince shareholders that his company is a worthy investment. Warner Bros. Discovery shares have fallen about 70% since April 8, 2022, the day the merger closed. Making matters worse for him, Zaslav has long been one of the highest paid CEOs in the country.

Persons: David Zaslav, Zaslav, Chris Licht, John Malone, That's, WarnerMedia, Robert Fishman Organizations: Warner Bros, Discovery, CNN, Boston, NBA, Warner Bros . Discovery Locations: U.S

☆ Warner Bros. Discovery signals rapid deterioration of television business, sending stock plummeting
▼ + stars: | 2024-08-08 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

It’s a reflection of how quickly the traditional television business is deteriorating and imperiling companies such as WBD, which rely on linear channels for the bulk of their revenue. The one bright spot in the legacy television business has been live sports programming, which continues to draw high viewership even as cable cancelations mount. To be fair, WBD is not the only once-high flying legacy media behemoth struggling to find its footing in a shifting landscape upended by the Netflixrevolution. Speaking candidly to investors on the company’s earnings call Wednesday, Zaslav acknowledged the dire reality of the television business. “It’s fair to say that even two years ago, market valuations and prevailing conditions for legacy media companies were quite different than they are today,” Zaslav said.

Persons: New York CNN — David Zaslav, WBD, ” WBD, Shari Redstone, David Ellison’s Skydance, Zaslav, “, ” Zaslav, Gunnar Wiedenfels, ” Wiedenfels, we’ve, shouldn’t Organizations: New, New York CNN, Warner Bros, Discovery, CNN, HGTV, TNT, TBS, NBA, . Paramount Global Locations: New York, U.S

☆ Paramount's TV networks are collapsing in a $6 billion hole
▼ + stars: | 2024-08-08 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Discovery just told investors its TV networks were worth $9 billion less than the company thought. Now it's Paramount's turn: It's taking a $6 billion charge on its TV business. Discovery told investors its TV business was in free fall, and that it would take a $9 billion write-down on those assets. On Thursday, it was Paramount's turn: The entertainment conglomerate, which is about to be acquired by David Ellison and a consortium of investors, just took a $6 billion charge on its TV business. For context: Public investors value all of Paramount's equity at $7 billion.

Persons: —, David Ellison Organizations: Warner Bros, Paramount, Service, Warner Bros . Discovery, Business

☆ Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates
▼ + stars: | 2024-08-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Warner Bros. Here is how Warner Bros. Warner Bros. Discovery's balance sheet carries a significant amount of goodwill stemming from mergers and acquisitions, namely the combination of Warner Bros. and Discovery in 2022. Warner Bros.

Persons: Discovery, Gunnar Wiedenfels, David Zaslav, Discovery's, —, Zaslav, Disney, Hulu —, Max Organizations: Warner Brothers Discovery, Turner Broadcasting, Warner Bros, LSEG, Discovery, NBA, Warner Bros . Discovery, Amazon, Revenue, TBS, TNT, Hulu, ESPN, Fox Locations: Atlanta , Georgia

☆ Disney falls on concerns about its theme park business. Here's why we'd buy the stock
▼ + stars: | 2024-08-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

Shares of Disney fell Wednesday as concerns about attendance at its theme parks overshadowed streaming profits and better-than-expected headline results. The combined streaming business — encompassing Disney+, Hulu and ESPN+ — turned in its first-ever quarterly profit slightly ahead of schedule. Then, about two weeks ago, CNBC parent Comcast issued weak April-to-June results for its Universal theme parks business, which weighed on Disney's stock in that session . And, at this point, getting to profitability in the combined streaming business, which adds ESPN+ into the mix, was the biggest focus. "So, I do believe the parks business is in fundamentally good shape.

Persons: LSEG, —, Jim Cramer, Jim, we're, Hugh Johnston, Johnston, Disney, Bob Iger, Jim Cramer's, Walt, Gary Hershorn Organizations: Disney, Revenue, ESPN, Comcast, Netflix, Warner Bros Discovery, Paramount Global, Hulu, CNBC, PepsiCo, Wall Street, ABC Network, Geographic, Management, Magic, Walt Disney World, Corbis, Getty Locations: U.S, India, Orlando , Florida

☆ Disney beats estimates as combined streaming services turn a profit
▼ + stars: | 2024-08-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Disney's combined streaming business, which consists of Disney+, Hulu and ESPN+, turned a profit for the first time — and it happened a quarter earlier than the company had expected. Executives on Wednesday's earnings call touted the progress of Disney's streaming business toward profitability, a goal for all media companies as they look to chase customers switching to streaming. The combined streaming business posted an operating profit of $47 million compared with a loss of $512 million in the same quarter last year. Meanwhile, in May, Disney highlighted a slightly different metric, noting that Disney+ and Hulu together turned a profit, but when combined with ESPN+, the streaming businesses suffered a loss. "I feel very bullish about the future of this business," Iger said during the call.

Persons: Bob Iger, Hulu, Jaque Silva, Iger, We're, Hugh Johnston, Johnston Organizations: Disney, Hulu, ESPN, Getty, Total Hulu, Revenue, Netflix, Warner Bros . Discovery, Fox, Star India Locations: PARAGUAY, India

☆ Charles Barkley commits to staying at Warner Bros. Discovery's TNT Sports no matter what happens to NBA
▼ + stars: | 2024-08-06 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

The star broadcaster and National Basketball Association Hall of Famer said Tuesday that he plans to stay with Warner Bros. Discovery 's TNT Sports even if the company doesn't emerge with NBA media rights. Warner Bros. Warner Bros. Barkley's commitment to TNT Sports likely closes the door on recreating "Inside the NBA" for another network if Warner Bros.

Persons: Charles Barkley, David Dow, Charles Barkley isn't, he's, Barkley, I've, Charles, Luis Silberwasser, Dan Patrick Show Organizations: NBA TNT, New York Knicks, Cleveland Cavaliers, Quicken Loans, Getty, TNT Sports, National Basketball Association Hall of Famer, Warner Bros, TNT, NBA, Warner Bros . Discovery, Amazon Prime, Max, Major League Baseball, NCAA, National Hockey League, United States Soccer Federation, NASCAR, Big East Locations: Cleveland , Ohio

☆ Charles Barkley cancels his retirement plans, says he’ll stay with TNT Sports for long term
▼ + stars: | 2024-08-06 | by ( Liam Reilly | ) edition.cnn.com time to read: +3 min

New York CNN —Charles Barkley isn’t ready to retire just yet. TNT Sports and the NBA hall of famer announced Tuesday that they had reaffirmed a long-term commitment as the network’s parent company, Warner Bros. My heart is full with joy and gratitude.”But in a statement Tuesday, Barkley walked back his retirement plans, saying he would continue working with TNT Sports for the remainder of his 10-year contract. WBD is the parent company of TNT and CNN. While WBD takes the NBA to court over its broadcast rights, the company has been working to strengthen its live sports portfolio.

Persons: Charles Barkley isn’t, Barkley, ”, ” Barkley, “, I’ve, “ I’m, ” Luis Silberwasser, Charles ’, Roland, Charles, Barkley —, Ernie Johnson, Kenny Smith, Shaquille O’Neal —, WBD, NBCUniversal Organizations: New, New York CNN, TNT Sports, NBA, famer, Warner Bros, TNT, College Football, Garros, NASCAR, BIG EAST, Mountain, CNN, Disney, French, ESPN, Football Locations: New York, Mountain West

☆ Disney raises streaming prices for Hulu, Disney+ and ESPN+
▼ + stars: | 2024-08-06 | by ( Justine Fisher | ) www.cnbc.com time to read: +2 min

The atmosphere at the Disney Bundle Celebrating National Streaming Day at The Row in Los Angeles on May 19, 2022. Starting mid-October, most plans for Disney+, Hulu and ESPN+ will cost $1 to $2 more per month, according to a press release Tuesday. Hulu with ads will cost $9.99 monthly, while Hulu without adds will cost $18.99 per month. For some time, Disney has offered a bundle of its own services, either Hulu and Disney+, or the two streaming services plus ESPN+. Discovery to offer a bundle, which will include Disney+, Hulu and Max.

Persons: Alisa Bowen Organizations: Disney, Hulu, ESPN, Warner Bros, Max, ABC News Locations: Los Angeles

☆ M. Night Shyamalan's new thriller 'Trap' is inspired by the true story of a twisted sting operation
▼ + stars: | 2024-08-05 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

Read previewDirector M. Night Shyamalan's new thriller, "Trap," is filled with twists and turns, but its premise is grounded in a real-life sting operation that took place in the '80s. Here's how the sting operation partly inspired Shyamalan's film. Related storiesAccording to The Washington Post, Operation Sting led to 144 arrests. Shyamalan said that the sting operation was 'hilarious' and the absurdity of the fakeout stuck with himHartnett as Cooper and Donoghue as Riley in "Trap." "Trap" isn't a comedy by any means, but the dark humor of Operation Flagship informed the movie.

Persons: —, Josh Hartnett, Cooper, Riley, Ariel Donoghue, Lady Raven, Shyamalan's, Saleka, Bernie Boston, Sting, Shyamalan, Hartnett, Donoghue, Sabrina Lantos, Lambs, Taylor, Dexerto Organizations: Service, Business, Flagship, DC, US, Washington Redskins, International Sports Television, Fugitive, Redskins, Cincinnati Bengals, Washington Convention Center, Special Operations, The Washington, Warner Bros, Empire, FBI Locations: Washington

☆ 'House of the Dragon' fans are mad about the season two ending: 'One of the most underwhelming season finales I've ever watched'
▼ + stars: | 2024-08-05 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

As a result, many fans believed season two would involve an all-out war, with Rhaenyra seeking revenge on both siblings. Fans believed the finale might have another battle to give the season a climactic end, but they were disappointed again. One fan wrote: "Well, that was probably one of the most underwhelming season finales I've ever watched." Horrible payoff 😭 #HouseOfThedragon — merline (@xomerline) August 5, 2024This season of House of The Dragon was the worst season in the whole GOT universe, including season 8 of GOT. Why not give us a real season finale?

Persons: —, aren't, Rhaenya Targaryen's, Emma D'Arcy, Tom Glynn, Carney, Ewan Mitchell, I've, eason, ike, ade, Ma Organizations: Service, Aegon, Business, ust, UST, NDS, IKE

☆ ‘Deadpool & Wolverine’ reign again with massive second weekend
▼ + stars: | 2024-08-04 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +4 min

“Deadpool & Wolverine” is dominating the charts again after earning $28.3 million on Friday. Rivals are putting the Disney release at a 55% drop though, demonstrating that “Deadpool & Wolverine” has immense appeal beyond Marvel diehards. “Deadpool & Wolverine” looks to blast past that figure in only in its second weekend and there’s no real signs of slowing down after that. Universal also has another top five slot with “Despicable Me 4,” still drawing a crowd in its fifth weekend of release. Total domestic gross surpassed $300 million earlier this week — one of only three titles this year to notch that milestone.

Persons: Marvel Jesus, “ Deadpool, ”, Ryan Reynolds, Hugh Jackman, Deadpool, Marvel, “, Josh Hartnett, he’s, “ Harold, Zachary Levi Organizations: Disney, Warner Bros, Universal Locations: “ Kingdom

☆ Wall Street will look for signs of what's next for the market after a rocky start to August
▼ + stars: | 2024-08-02 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The S & P 500 ended the week down by 2%. As of Friday, the Nasdaq Composite was more than 10% below its recent high, while the S & P 500 was down by 5.7%. Markets were last pricing in a 71% chance of a half percentage point rate cut in September, up from 22% on Thursday, according to the CME FedWatch Tool . Brands , Fidelity National Information Services , Uber Technologies , Marathon Petroleum , Caterpillar Wednesday Aug. 7 3 p.m. Consumer Credit (June) Earnings: Costco Wholesale , Warner Bros. Discovery , Occidental Petroleum , Ralph Lauren , CVS Health , Hilton Worldwide Holdings , Walt Disney Company Thursday Aug. 8 8:30 a.m.

Persons: Stocks, payrolls, Bill Hornbarger, Benjamin F, Edwards, Russell, Claudia Sahm, selloff, Michael Kantrowitz, Piper Sandler, Kantrowitz, Jan Hatzius, Goldman Sachs, Hatzius, CNBC's, Eli Lilly, Ralph Lauren, Martin Marietta Organizations: Nasdaq, Treasury, Investors, Federal Reserve, Walt Disney Company, Caterpillar, Costco, Micro Computer, PMI, PMI Services, Services PMI, Simon Property Group, Diamondback Energy, Tyson Foods, Devon Energy, Airbnb, Wynn Resorts, TransDigm, Brands, Fidelity National Information Services, Uber Technologies, Marathon Petroleum, Consumer Credit, Costco Wholesale, Warner Bros, Discovery, Occidental Petroleum, CVS Health, Hilton Worldwide Holdings, Gilead Sciences, Akamai Technologies, News Corp, Paramount Global, Expedia, Martin, Martin Marietta Materials Locations: Fortinet, Devon

☆ Venu, a $42.99 per month sports streamer, has a tough marketing challenge to find an audience
▼ + stars: | 2024-08-01 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Call Don Draper, Venu Sports may have a marketing problemThe Disney , Fox and Warner Bros. Discovery jointly-owned streaming service said Thursday it will launch this fall at $42.99 per month. That's much more expensive than Netflix , Max, Peacock or any other major subscription streaming service. Venu will give consumers access to a bundle of networks: ESPN, ESPN2, ESPNU, SECN, ACCN, ESPNEWS, ABC, Fox, FS1, FS2, BTN, TNT, TBS, and truTV. They could also get a digital antenna to pair with Venu, but antenna uptake among younger viewers may be a tad oxymoronic.

Persons: Don Draper, Venu, Max, Peacock, haven't, Kantar, CBS —, — Organizations: Disney, Fox, Warner Bros . Discovery, Netflix, ESPN, ESPN2, ABC, TNT, TBS, truTV, CBS, NBC, NFL, YouTube, Paramount

☆ Sports streaming venture Venu priced at $42.99 a month
▼ + stars: | 2024-08-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Venu Sports, the sports streaming joint venture between Disney's ESPN, Warner Bros. The high-end pricing — common in direct-to-consumer sports streaming services — was expected in part so it wouldn't shake up any carriage agreements with traditional pay TV distributors. Live sports remain the highest rated TV programming and are the most costly part of the pay TV bundle. Users who sign up for Venu at $42.99 a month will have access to that entry pricing for 12 months, Venu noted Thursday — signaling there could be price increases ahead. The upcoming bundle will be priced at $16.99 a month with ads, and $29.99 a month ad-free.

Persons: Venu Sports, Venu, Pete Distad, Distad Organizations: NFL, ESPN, Chicago Bears, Minnesota Vikings, Soldier, Disney's ESPN, Warner Bros . Discovery, Fox Corp, Venu Sports, Fox, Sunday NFL, Monday, Football, CNBC, Apple, Hulu, NBA, NHL, MLB, ABC, TNT, TBS, Disney, Warner Bros, Max Locations: Chicago, U.S

☆ The new sports streaming bundle will cost $43 a month — but won't have some of TV's most popular sports
▼ + stars: | 2024-08-01 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

What would you pay for a streaming service that gave you lots — but not all — of the biggest sports programming on TV? Most crucially, it won't include lots of NFL games, since the package doesn't include CBS, which has the national rights to AFC games on Sundays. Take the NFL out of traditional TV and there's almost nothing left at this point. If you wanted a streaming service that had all of the NFL games on traditional TV, you'd need a service like YouTube TV, which currently costs $73 a month. That's partly because the TV companies that are part of the bundle kind of believe that, and partly because they have a delicate relationship with pay TV distributors like Comcast.

Persons: Venu —, It's, Venu, they've, they're Organizations: Service, Disney, Fox, Warner Bros, ESPN, FS1, ABC, TNT, Business, CBS, AFC, NBC, NFL, YouTube, NBA, Comcast, Netflix, Bowl

☆ Nollywood aims to become a global cultural phenomenon like Afrobeats
▼ + stars: | 2024-07-30 | by ( Stephanie Busari | ) edition.cnn.com time to read: +6 min

New Orleans, Louisiana CNN —Nollywood, Nigeria’s vibrant film industry, is setting its sights on achieving global recognition akin to the meteoric rise of Afrobeats. As the third-largest film industry in the world by number of films produced annually, Nollywood has long been a significant cultural force within Africa. Global aspirationsToday, Nollywood is not just about entertainment; it’s about cultural representation and storytelling on a grand scale. Nollywood at the Essence Film FestivalAt the Essence Film Festival, a recent addition to the wider festival celebrating Black culture and achievements, Nollywood stars and stakeholders discussed their vision for international expansion. 3 on Netflix’s global film charts in 2023, garnering over 20 million views worldwide.

Persons: Louisiana CNN —, Nollywood, ”, Toyosi Etim, “ Afrobeats, Simisola, Uche, Omotola, “, , “ I’ve, ” Gbadamosi, Disney’s, it’s, Effiong, Moses Babatope, FilmOne, Babatope Organizations: Louisiana CNN, Netflix, Good Media, CNN, Essence, Academy, Hollywood, Nile Media Entertainment Group, Disney, Warner Bros Locations: Orleans, Louisiana, Africa, New Orleans, New Orleans , Louisiana, scriptwriting

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