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The firm plans to push for multiple seats on the board this time, including one for Peltz, the people said. Peltz's activist firm, Trian Fund Management, has increased its stake in Disney to about 30 million shares, valued at roughly $2.5 billion, according to people familiar with the matter. A proxy battle between Nelson Peltz and Disney is brewing for the second time this year. It's been nearly a year since Bob Iger returned as Disney's CEO. Iger returned to Disney following a fallout with Bob Chapek, has handpicked successor.

Persons: Nelson Peltz, Peltz, It's, Bob Iger, Iger, CNBC's David Faber, Trian, Disney's, Bob Chapek Organizations: Alpha, Disney, Trian Fund Management, ESPN, Fox Locations: New York, Disney, Peltz

☆ For U.S. investors seeking an edge in European soccer, the cheaper the better
▼ + stars: | 2023-10-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

This comes as deep-pocketed investors — from top U.S. private equity and venture capital firms to global rivals like sovereign wealth funds — have intensified competition. Meanwhile, more than one-third of the clubs in the so-called "Big Five" leagues in Europe are backed by U.S. investors, including private equity and venture capital firms. "These recent transactions have set a precedent in terms of club valuation but also prompted many owners to consider selling to [private equity]," according to an analyst report from PitchBook. Some firms, like Sixth Street Partners, have found different outlets into taking a stake in European soccer, particularly in Spain's LaLiga. The shift is happening as soccer clubs have been looking for fresh capital following the distress stemming from the earlier days of the Covid pandemic.

Persons: Liverpool's Curtis Jones, Charles Baker, PitchBook, Todd Boehly, English Premier League's, Elliott Management's, Lionel Messi Organizations: Premier League, King Power, U.S, Manchester United, Chelsea FC, Newcastle, Clearlake Capital, English Premier, English Premier League's Chelsea, Redbird Capital Partners, Italy's AC Milan, Sixth Street Partners, FC Barcelona, Fenway Sports Group, Liverpool FC, Dynasty Equity, English Premier League, Sheffield United Locations: Leicester, European, U.S, Europe, PitchBook, LaLiga, Spanish, Real Madrid's

☆ Streaming companies chase Spanish-language sports rights to capture growing Hispanic viewership
▼ + stars: | 2023-10-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

It's an effort to diversify viewership and advertising opportunities — and to capitalize on a growing Hispanic streaming audience. Hispanic audiences spend nearly nine hours per day consuming media, the majority of which is TV viewership, according to a recent study from Nielsen based on viewership habits from July. The study noted the Hispanic audience has been at "the forefront of cord-cutting," making it a growing majority of streaming viewership, too. According to the findings, Hispanic viewers spend more than 50% of their time consuming TV through streaming, eclipsing the general population, at nearly 40%. Traditional media companies across the board have been doling out cash for sports as live games still command the highest traditional TV viewership.

Persons: Roberto Firmino, Eder Militao, NBCUniversal's, It's, Shirin Malkani, Perkins, Lea, Eli Velazquez, Lionel Messi Organizations: Liverpool, Real Madrid, UEFA Champions, Liverpool FC, Anfield, . Media, Canela Media, Telemundo, ESPN, Nielsen, Telemundo Deportes, Major League Soccer's Inter Miami Locations: Real, Liverpool, England, Spanish, U.S

☆ Arizona Coyotes local games move to broadcast networks – the latest big shift in sports TV
▼ + stars: | 2023-10-05 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

The Arizona Coyotes are skating to a new TV home for local games – showcasing the pressure on cable TV bundles due to cord cutting while broadcast stations look to nab more sports media rights. Scripps Co. on Thursday that will see its local games air on over-the-air networks. The Coyotes' local games aired on Bally Sports Arizona. MLB began running the distribution of the Diamondbacks, as well as the San Diego Padres, another contract rejected by Diamond, earlier this year. The landscape for local games has dramatically shifted as consumers flee the traditional cable TV bundle and opt for streaming services.

Persons: Barrett Hayton, Diamond, Phoenix Mercury –, Gray, Scripps, Knights – Organizations: Arizona Coyotes, Dallas Stars, American Airlines Center, The Arizona Coyotes, nab, NHL, Scripps Co, Diamond Sports Group, Coyotes, Scripps, Bally Sports Arizona, Arizona Diamondbacks, Phoenix Suns, Phoenix Mercury, Diamond, Suns, Mercury, Gray Television, MLB, Diamondbacks, San Diego Padres, CNBC, Vegas, Knights, Stanley, Warner Bros, Warner Media, MLB's Houston Astros, NBA's Houston Rockets, T SportsNet, City Home Network Locations: Dallas , Texas

☆ Tiger Woods and Rory McIlroy's TGL golf league will air on ESPN
▼ + stars: | 2023-10-05 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Disney' s ESPN has nabbed the broadcast rights to air matches from TGL, the startup golf league led by Tiger Woods and Rory McIlroy. TGL, which is in partnership with the PGA Tour, will have its debut Jan. 9 as part of a multiyear deal. Both TGL matches will air on traditional TV's ESPN and streamer ESPN+. The agreement between the PGA Tour and LIV has yet to be finalized. TGL, a new primetime, high-tech golf league created by Woods, McIlroy and former NBC Sports executive Mike McCarley, has attracted stars from the PGA Tour.

Persons: Rory McIlroy, Tiger Woods, TGL, LIV Golf, LIV, Woods, McIlroy, Mike McCarley, Jon Rahm, Justin Thomas, Collin Morikawa, Matt Fitzpatrick, Justin Rose, Adam Scott, Xander Schauffele, Max Homa, Rickie Fowler, Billy Horschel, Steve Cohen Organizations: Augusta National Golf Club, Disney, ESPN, PGA, ABC, College Football, NFL, Tour, Saudi Arabia's Public Investment Fund, Endeavor Group Holdings, Fenway Sports Group, CNBC, NBC Sports, Major League Baseball's New York Mets, New York, Private Ventures Locations: Augusta , Georgia, TGL, Palm Beach Gardens , Florida

☆ Endeavor, Fenway Sports consider investment in the PGA Tour
▼ + stars: | 2023-09-28 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. The discussions, which are in preliminary stages, stem from a PGA Tour investment vehicle created as part of the framework agreement for its proposed deal with PIF. "Throughout 2023, the PGA Tour has demonstrated its strength, reach and value as an enterprise. In June, the PGA Tour announced a proposed deal that would see it combine with rival LIV Golf following months of lawsuits and competition between the two. The deal between LIV and the PGA Tour has faced criticism and controversy.

Persons: LIV, Saudi Crown Prince Mohammed bin Salman, PIF Organizations: Investment, Endeavor Group Holdings, Fenway Sports Group, PGA Tour, PGA, Public Investment Fund, Endeavor, Fenway, Bloomberg, LIV Golf, Saudi Crown, LIV, UFC, Wrestling Entertainment, Major League Baseball's Boston Red Sox, Liverpool Football Club, National Hockey League's Pittsburgh Penguins Locations: Cromwell , Connecticut, Saudi

Carvana PPA Tour Courtesy: Carvana PPA TourProfessional Pickleball is getting a dedicated home: The Tennis Channel. "It's going to create so much more access for people," PPA Tour owner Tom Dundon told CNBC. The pair will also create pickleballtv, a 24/7 standalone free, ad-supported streaming channel featuring matches as well as entertainment surrounding the sport. Dundon added it's a 50-50 partnership between the two entities, noting the PPA Tour will put the capital in and Tennis Channel will bring its production and media expertise. He foresees the joint venture propelling further media rights deals with the help of Tennis Channel executives that are familiar with TV carriage negotiations and building up streaming platforms.

Persons: Pickleball, Tom Dundon, Sinclair, Dundon, Read, Ken Solomon Organizations: Tennis Channel, PPA, Tennis, CNBC, Disney, ESPN, Paramount, CBS, Prime, Fox, Apple, Major League Soccer, MLS Locations: U.S, Pickleball.com

☆ Amazon is bringing ads to Prime Video — the ad-free option will cost an extra $2.99 a month
▼ + stars: | 2023-09-22 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Ads are coming to Amazon 's Prime Video. The company announced Friday that its streaming service — a part of Prime subscriptions that cost $14.99 a month — will now have limited ads in its TV series and movies. Advertising on Prime Video, known for shows such as "The Boys" and "The Marvelous Mrs. Maisel," will roll out in the U.S. and other cities in early 2024, with other countries to follow later in the year. Prime Video will now join rival streaming services, including Netflix , Warner Bros. The company recently removed its cheapest, ad-free plan in a push to get more sign-ups for its ad option.

Persons: Maisel, Max Organizations: Netflix, Warner Bros, Disney, Media, Company Locations: U.S

Members of the Writers Guild of America (WGA) and the Screen Actors Guild walk the picket line outside of Fox Studios in Los Angeles, California, on August 9, 2023. Film and TV production ground to a halt 100 days ago when writers downed their pens, only to be joined on the picket lines in mid-July by actors. Writers and producers are near an agreement to end the Writers Guild of America strike after meeting face to face on Wednesday, people close to the negotiations told CNBC. While optimistic, the people noted, however, that if a deal is not reached the strike could last through the end of the year. This appears to be the closest the two sides have come to a resolution since the more than 11,000 film and TV writers went on strike beginning May 2.

Persons: Television Producers, — Organizations: Writers Guild of America, Screen, Fox Studios, CNBC, WGA, Alliance, Television, Hollywood Locations: Los Angeles , California

☆ Rupert Murdoch steps down as chairman of Fox and News Corp.
▼ + stars: | 2023-09-21 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +8 min

Rupert Murdoch is stepping down as chairman of the board of both Fox Corp. and News Corp. , the companies said Thursday. Lachlan Murdoch, one of his sons, will become sole chairman of News Corp. and will continue as Fox Corp.'s executive chair and CEO. At the time, Fox had opposed having the elder Murdoch — as well as other top Fox executives — appearing in person, citing his age. Since July 2022, Murdoch had worked from his home in Montana rather than going into Fox or News Corp. offices, according to a securities filing. News Corp. owns newspapers The Wall Street Journal and New York Post, among other publications, while Fox is the parent company of right-leaning TV networks Fox News and Fox Business.

Persons: Rupert Murdoch, Murdoch, Lachlan Murdoch, –, Joe Biden, Donald Trump, Murdoch's, Fox, Murdoch —, —, Fox wouldn't, Tucker Carlson, Marvin Davis, Michael Wolff's, Read, Lachlan Organizations: Fox Corp, News Corp, Voting Systems, Fox News, Fox, Wall Street, New, New York Post, Fox Business, News, Century Fox, Fox News Channel, Disney Locations: Dominion, Delaware, Montana, New York, Australian, Adelaide, Australia, Britain, U.S, cahoots

☆ Saudi crown prince says he will keep 'sportswashing' as criticism of the practice grows
▼ + stars: | 2023-09-21 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

Call it whatever you want, we're going to get that one and a half percent," the crown prince said. The Saudi Public Investment Fund (PIF), an entity controlled by Crown Prince Mohammed, has backed Saudi soccer clubs and LIV Golf. The LIV Golf merger with the PGA Tour has faced widespread scrutiny. Key U.S. lawmakers have criticized the pending golf merger as an attempt by the kingdom to distract from its human rights record. Prior to the deal, LIV Golf sued the PGA Tour for alleged anticompetitive practices, which prompted the PGA Tour to countersue, saying LIV Golf was stifling competition.

Persons: Saudi Arabian Crown Prince Mohammed bin Salman Al Saud, Prince Mohammed bin Salman, sportswashing, I'm, Critics, Jamal Khashoggi, Cristiano Ronaldo, Dustin Johnson, Bryson DeChambeau, LIV Golf, Crown Prince Mohammed, LIV, Osama bin Laden, It's, Sen, Richard Blumenthal, Conn, Jimmy Dunne, Ron Price, Price, Benjamin Freeman, — CNBC's Lillian Rizzo, Chelsey Cox Organizations: Saudi, Saudi Arabian Crown, Partnership, Global Infrastructure, Fox News, Washington Post, Neymar, PGA Tour, Saudi Public Investment Fund, Crown, Reuters, PGA, Key U.S, Homeland Security, Governmental Affairs, Tour, Quincy Institute, Responsible Locations: Saudi Arabian, New Delhi, India, Saudi, Europe, Saudi Arabia, Key, Yemen

☆ Disney plans to nearly double its investment in parks and cruises business
▼ + stars: | 2023-09-19 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Disney said in a securities filing Tuesday it will nearly double its planned investment in its parks division to roughly $60 billion over the course of 10 years. Still, the company's domestic parks, particularly Walt Disney World in Florida, have seen a slowdown in attendance and hotel room occupancy. Disney will lean on its brands and intellectual property as it builds out its theme parks. The company planned to unveil more details about the investment at its investor day Tuesday. Disney highlighted the historical results of the parks and experiences business since 2017 on the back of heightened investment.

Persons: Disney, Bob Iger Organizations: Disney, Walt Disney Locations: Florida, Hong Kong, Paris, Tokyo, Shanghai

☆ Live sports are headed to Max, as Warner Bros. Discovery adds a new tier to streaming app
▼ + stars: | 2023-09-19 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Sports are coming to Warner Bros. CNBC previously reported Warner Bros. Warner Bros. In May, the streamer was renamed Max after the parent company blended the content of HBO Max and Discovery+ apps together. The move came more than a year after the merger of Warner Bros. and Discovery.

Persons: Cody Bellinger, Louis, Tommy Edman, Max, David Zaslav, CNN Max Organizations: Los Angeles Dodgers, Louis Cardinals, Dodger, Sports, Warner Bros, TNT, TBS, Major League, NHL, NBA, CNBC, Max, HBO Max, AMC Networks, CNN, Company

Legacy media companies like Disney , Warner Bros. Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling. Media companies also have begun slashing content spending budgets. Yet streaming remains the focus for all of these companies as consumers rapidly cut the cord and opt for streaming. Legacy media companies scrambled to follow suit, unsure if the model actually worked.

Persons: Mario Tama, it's, Steven Schiffman, NBCUniversal, Bob Iger, Ken Solomon, Solomon, Marc DeBevoise, John Hodulik, hasn't, —, Hulu —, Peacock, Max —, HBO Max, — Ryan Murphy, Shonda, Kenya Barris, David Benioff, Weiss —, Jonathan Miller, Shonda Rhimes, Presley Ann, Patrick McMullan, Bart Simpson, esports, DeBevoise, Peter Csathy Organizations: Netflix, Getty, North, Georgetown University, Legacy, Disney, Warner Bros, Discovery, Paramount, Media, Marvel, Tennis Channel, Sinclair, Companies, UBS, CBS, HBO, Max, Hulu, Integrated Media, Trek, Universal Studios Television, Getty Images Disney, Wars, Fox, Hollywood's, Creative Media, Charter Communications, ESPN, & $, + + Locations: Los Angeles, North American, J.J, Abrams, Kenya, Beverly Hills , CA, Georgetown

Senator Richard Blumenthal, D-CT, speaks during a Senate Judiciary Committee hearing on the January 6th insurrection, in the Hart Senate Office Building on Capitol Hill in Washington, DC, March 2, 2021. WASHINGTON — Bipartisan members of a Senate subcommittee on homeland security demanded transparency Wednesday from a Saudi Arabian investment fund at its second hearing on the controversial deal to merge PGA Tour and Saudi-backed LIV Golf. "Saudi Arabia's bid to buy professional golf in America is not just one investment in a vacuum," Sen. Richard Blumenthal, D-Conn., chairman of the Permanent Subcommittee on Investigations, said on Capitol Hill. Blumenthal announced that he had issued a subpoena on Wednesday to USSA International LLC, the PIF's wholly-owned U.S. subsidiary, for documents related to the PGA Tour-LIV Golf deal and other U.S. investments. A PGA Tour representative declined to comment.

Persons: Richard Blumenthal, LIV Golf, Sen, Conn, Blumenthal, LIV, Benjamin Freeman, Joey Shea, LIV didn't Organizations: WASHINGTON, Saudi, Investigations, Capitol, USSA, PGA, Quincy Institute, Responsible, United, Human Rights Watch Locations: Hart, Washington , DC, Saudi Arabian, Saudi, America, Saudi Arabia, China, Russia, United States, United Arab Emirates

☆ Disney and Charter reach deal to end cable blackout, expand access to streaming services
▼ + stars: | 2023-09-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Hours ahead of "Monday Night Football," which airs on Disney's ESPN, the companies reached a deal that would allow millions of Charter cable customers to watch the game. Terms of the deal are said to include a discounted wholesale price for subscribers for Disney streaming services, and an increase in marketplace, or subscriber fees, paid to Disney, CNBC's David Faber reported, citing sources. The highly anticipated ESPN streaming service will be made available to Spectrum TV Select subscribers when it launches. At the time of the blackout, Charter had about 14.7 million customers. Hours after the blackout began, Charter executives held an investor call pushing for a revamped deal with Disney that would give Spectrum pay-TV customers free access to Disney's ad-supported streaming apps Disney+, ESPN+ and Hulu.

Persons: CNBC's David Faber, ESPN — Organizations: Charter Communications, Disney, ESPN, Warner Bros . Discovery, Paramount Global, FX, Disney Channel, YouTube, U.S ., ESPN — Disney, Hulu, NFL, Monday Night, Charter Locations: Hulu

☆ Charter and Disney aren't budging in their blackout fight as NFL season kicks off
▼ + stars: | 2023-09-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The kickoff to the NFL season is Thursday night, and Charter Communications doesn't appear to be moving down the field in its negotiations with Disney . On Thursday, Charter CEO Chris Winfrey said that "Disney will be who decides" what happens in the dispute. "It's unfortunate that Charter decided to abandon their consumers by denying them access to our great programming," Disney said Thursday. Adding to the pressure is the kickoff of the NFL season — with ESPN's first "Monday Night Football" game of the season occurring in a few days — as well as the U.S. Open and the beginning of college football season. Currently, ESPN+ offers its own exclusive content and games, with some overlaps from the TV network, such as some "Monday Night Football" broadcasts.

Persons: Disney's, Chris Winfrey, Winfrey, Goldman Sachs, Disney Organizations: NFL, Charter Communications, Disney, ESPN, FX, Technology, U.S . Locations: U.S

☆ Warner Bros. Discovery CEO David Zaslav says writers, actors strikes need to end as media industry is in a transitional moment
▼ + stars: | 2023-09-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The media industry is in a transitional moment — from streaming to traditional TV — and the focus needs to be on ending the writers and actors' strikes, Warner Bros. The comments came a day after Warner Bros. The work stoppage has halted production on Hollywood sets, impacting companies like Warner Bros. Warner Bros. Still, like its peers, Warner Bros.

Persons: David Zaslav, Zaslav, Goldman Sachs, Warner, Max, — Organizations: Warner Bros, Discovery, Technology, Writers Guild of America, Hollywood, Warner, Warner Bros . Discovery, NBA, Max, CNBC, Major League Baseball, AMC Networks, CNN

☆ Comcast, Disney move up deadline to decide Hulu future ownership
▼ + stars: | 2023-09-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

The timeline to decide Hulu's ownership fate has been moved up, Comcast CEO Brian Roberts said Wednesday. Comcast and Disney are set to begin those discussions on September 30, months earlier than the initial January 2024 deadline. Under the original 2019 agreement, Comcast can force Disney to buy (or Disney can require Comcast to sell) that remaining 33% stake in January 2024, at a guaranteed minimum total equity value of $27.5 billion. In May, Roberts said at an investor conference that Comcast would likely sell its 33% stake in Hulu to Disney at the beginning of next year. For Disney, the move to add Hulu content to Disney+ came as it focuses on its ad-supported Disney+ option to attract more subscribers and advertising revenue.

Persons: Brian Roberts, Roberts, Goldman Sachs, we've, Disney didn't, Bob Iger, Comcast's NBCUniversal, Iger Organizations: Comcast, Disney, Technology, Hulu, Netflix, ESPN, CNBC Locations: Hulu, U.S

☆ NFL games are shifting away from traditional TV. Are you ready to stream some football?
▼ + stars: | 2023-09-06 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

On any given Sunday, there will be more National Football League games available on streaming services than ever before — some even exclusively. The NFL season kicks off Thursday with the Super Bowl champions Kansas City Chiefs hosting the Detroit Lions. Google's YouTube TV and the NFL's streaming service will also become bigger players in the streaming game. When media giants signed NFL media rights deals in 2021, valued at more than $100 billion, more of those deals included the rights to streaming games. Plus, in this past year, the NFL sold the media rights to its "Sunday Ticket" to Google 's YouTube TV for about $2 billion annually, shifting access to the package of out-of-market games to a streaming-only audience.

Persons: Aaron Rodgers, Comcast's, Peacock, Roger Goodell Organizations: New York Jets, New York Giants, MetLife, National Football League, NFL, Super Bowl, Kansas City Chiefs, Detroit Lions, Paramount Global, Disney, ESPN, Disney's ESPN, YouTube, Charter Communications, Google Locations: East Rutherford , New Jersey

☆ Warner Bros Discovery expects earnings hit of up to $500 million as strikes drag on
▼ + stars: | 2023-09-05 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Warner Bros. Warner Bros. Warner Bros. Warner Bros. Discovery has been paying down the hefty debt load that stems from the 2022 merger of Warner Bros. and Discovery.

Persons: David Zaslav, Gunnar Wiedenfels, Goldman Sachs Organizations: Warner Bros, Discovery, Writers Guild of America, Technology

☆ Charter puts media companies on notice in bid to save pay-TV bundle
▼ + stars: | 2023-09-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Rafael Henrique | SOPA Images | Lightrocket | Getty ImagesCharter Communications CEO Chris Winfrey wants the pay-TV bundle to live. For Charter, a company that doesn't produce content itself, the TV bundle is still a big part of its business, even as broadband grows. Disney also noted its multi-billion dollar investments in exclusive content for Disney+, ESPN+ and Hulu. Disney has said it's a matter of time before it offers ESPN outside of the pay-TV bundle. Long live pay-TV

Persons: Rafael Henrique, Chris Winfrey, Winfrey, Barry Diller, Tom Rutledge, —, Hulu —, Disney, Long Organizations: Communications, Getty, Charter, Disney, U.S ., Warner Bros, Discovery, Paramount Global, Comcast, Media, Paramount, ESPN, P Global Market Intelligence, Hulu Locations: U.S, Hulu

☆ Spectrum owner Charter calls pay-TV model broken as it battles Disney over blackout
▼ + stars: | 2023-09-01 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

That resulted in Charter's customers losing access to its networks, including broadcaster ABC and pay-TV channels such as ESPN and FX. These sorts of battles, which can lead to so-called blackouts for pay-TV customers, are common in the industry. They said they pushed for a revamped deal with Disney that would see Charter cable customers receive access to Disney's ad-supported streaming services like Disney+ and ESPN+ at no additional cost. "The [traditional TV] model has been very good to Disney," Pitaro said at CNBC x Boardroom's inaugural Game Plan sports business summit. Disney said Thursday that it has been able to secure successful deals with other pay-TV companies and is still committed to reaching an agreement with Charter.

Persons: Disney, Chris Winfrey, Winfrey, Bob Iger, Iger, Jimmy Pitaro, nix, Pitaro, didn't Organizations: Cable, Charter Communications, Disney, U.S ., ABC, ESPN, FX, Fort, CNBC, ESPN –, Plan Locations: U.S, New York, Los Angeles, Dallas, Fort Worth and Atlanta

Taylor Swift performs onstage during the Taylor Swift | The Eras Tour at Lumen Field on July 22, 2023 in Seattle, Washington. A concert film of Taylor Swift's "The Eras Tour" is hitting movie theaters on Friday, Oct. 13 – the same day as the next installment of the "Exorcist" horror franchise, making for another potential wild movie double feature. Discovery' s "Barbie" and Universal' s "Oppenheimer" hit theaters on the same day, leading to a double-feature cultural event and driving massive box office sales. "The Exorcist: Believer," produced by horror film studio Blumhouse, takes place 50 years after the original film. The film stars Leslie Odom Jr. of "Hamilton" fame and Ellen Burstyn, who starred in the 1973 demonic possession classic.

Persons: Taylor Swift, Lumen Field, Taylor, hashtag, Oppenheimer, Leslie Odom Jr, Hamilton, Ellen Burstyn, Swift Organizations: Warner Bros, Universal Locations: Seattle , Washington

☆ Hollywood studios should cut Netflix out of strike negotiations, Barry Diller says
▼ + stars: | 2023-08-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Barry Diller is calling on the legacy Hollywood studios to end the dual writers and actors strikes, otherwise it'll be "catastrophic" to the industry. The media mogul, speaking on the podcast "On with Kara Swisher," said the strikes would only strengthen streaming giant Netflix during a tumultuous time for legacy media. He also advised studios to cut Netflix and other streamers out of the negoations with the unions. He said the legacy studios, actors and writers should be "natural allies" given their century of working together. Diller said legacy media should take some of its "shows and creativity and build our networks back up.

Persons: Barry Diller, Kara Swisher, Diller, Netflix didn't, Bob Iger, Donna Langley, Ted Sarandos, David Zaslav, Comcast's NBCUniversal, Swisher Organizations: Hollywood, Netflix, IAC, Expedia, Fox, Paramount, ABC Entertainment, Apple, CBS, Guild of America, Alliance, Television Producers, WGA, SAG, Disney, Warner Bros, Discovery, Paramount Global, Comcast, CNBC

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