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☆ SAG-AFTRA says studios’ latest offer falls short of union’s AI demands
▼ + stars: | 2023-11-06 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors' union and Hollywood studios and streamers failed to reach an agreement. (Photo by John Nacion/Getty Images)SAG-AFTRA actors aren't totally on board with Hollywood studios' latest labor agreement pitch. Studios put forth this "last, best and final offer" over the weekend, with top executives making clear that they would not make further concessions. Later in the month, talks resumed again, but so far, SAG-AFTRA and the AMPTP have been unable to reach a deal.

Persons: Rebecca Damon, John Nacion, aren't, AFTRA Organizations: NEW, SAG, Hollywood, Getty, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Paramount, Universal, Netflix, Warner Bros ., Television, Comcast, CNBC Locations: New York City, NBCUniversal

☆ Taylor Swift's Eras Tour concert film takes its final bow at the box office this weekend
▼ + stars: | 2023-11-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Taylor Swift takes her final bow at the movie box office this weekend. After a whirlwind four weeks in theaters, the singer's Eras Tour concert film has shattered records and helped the theater industry weather a light release calendar. Heading into its final weekend, the Eras Tour film has collected $150 million in domestic receipts and more than $200 million globally. So far, the Eras Tour film is the highest-grossing domestic and global concert film release of all time, but lags just behind "Michael Jackson's This Is It" concert documentary's global haul of $262.5 million.

Persons: Taylor Swift, Lumen, Read, It's, Shawn Robbins, Michael Jackson's Locations: Seattle , Washington

☆ 'Sound of Freedom,' hit child-trafficking thriller endorsed by Trump, will stream on Amazon
▼ + stars: | 2023-11-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Amazon Prime Video has secured the rights to one of the hottest box office releases of 2023 — Angel Studios' "Sound of Freedom." Angel Studios calls the model "pay it forward." Angel Studios, which has become known for its faith-based content, has a wide variety of projects on the docket going forward. The studio is set to release a sci-fi thriller called "The Shift" in December and biographical drama "Cabrini" in March. Correction: An earlier version of this story misstated how many "pay it forward" tickets Angel Studios sold for "Sound of Freedom."

Persons: Jim Caviezel, Donald Trump, Cabrini Organizations: Amazon, Angel, Angel Studios, Century Fox, Walt Disney Co Locations: U.S, Colombia, Bedminster , New Jersey

☆ Ticketmaster parent Live Nation posts blowout earnings as Taylor Swift, Beyonce dominate
▼ + stars: | 2023-11-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

(L) Taylor Swift performs onstage during "Taylor Swift | The Eras Tour " at Paycor Stadium on June 30, 2023 in Cincinnati, Ohio. Ticketmaster parent company Live Nation Entertainment delivered its strong quarter ever, on pace for a record 2023 on the backs of concert darlings Taylor Swift and Beyoncé. Live Nation said per-fan profitability jumped double-digits, outpacing cost inflation. Live Nation expects 55 million fans will have ventured to its venues by the end of 2023, up double-digits from 49 million fans in 2022. While Beyoncé has wrapped up her Renaissance world tour, Swift is set to begin the international leg of her Eras Tour in late November.

Persons: Taylor Swift, Beyoncé, Johan Cruyff, darlings Taylor Swift, Harry Styles, Billy Joel, Stevie Nicks, Bruce Springsteen, Jonas Brothers, Carrie Underwood, Peppers, Reba McEntire, Lizzo, Swift, Pink, Bruno Mars, Foo Fighters, Ed Sheeran Organizations: Johan Cruyff Arena, Ticketmaster, Nation Entertainment, LSEG Revenue, Coldplay, Foo Locations: Cincinnati , Ohio, Amsterdam , Netherlands, Swift, SZA

☆ Taylor Swift Eras Tour concert film adds $31 million to domestic tally in week two
▼ + stars: | 2023-10-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

US singer Taylor Swift arrives for the "Taylor Swift: The Eras Tour" concert movie world premiere at AMC The Grove in Los Angeles, California on October 11, 2023. The pop star's Eras Tour concert film snared $31 million during its second weekend in theaters, the most of any concert film at the domestic box office. "The film continues to shatter concert movie records as it brings to theaters much-needed foot traffic during a fourth quarter impacted by Hollywood's labor strikes." In total, the Eras Tour film has secured an estimated $129.8 million at the domestic box office. Already, the Eras Tour concert film has had the widest domestic release for a concert film (opening in more than 3,850 locations) and the highest opening weekend domestically for a concert film, surpassing Miley Cyrus' "Best of Both Worlds Concert" from 2008, which snared $31.1 million during its domestic debut, according to data from Comscore.

Persons: Taylor Swift, Swifties, Shawn Robbins, Swift, Michael Jackson's, Taylor, Paul Dergarabedian, Miley Cyrus Organizations: AMC, Marvel, Star Wars, Comscore Locations: Los Angeles , California, U.S, Canada

☆ Disney highlights theme park strength with new financial reporting model
▼ + stars: | 2023-10-19 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

According to a Wednesday filing, the theme parks segment had more than $24 billion in overall revenue for the first nine months ended July 1. Theme park admissions alone accounted for nearly $8 billion of 2023's nine-month total, up 21% from the same period in 2022. Previously, Disney reported retail and wholesale sales of merchandise food and beverage as one category and merchandise licensing as another. Read more: Disney gives investors a look at ESPN financialsThe Wednesday filing highlights that Disney's theme park revenue continues to grow even as the overall theme park industry has slowdown in attendance and hotel room occupancy. Travel agents have pointed to higher ticket prices and a rise in trips to Europe as the major factors in declining domestic theme park attendance.

Persons: Read Organizations: Disney, ESPN, ESPN financials Locations: Europe

☆ Netflix is set to report earnings – here's what Wall Street expects
▼ + stars: | 2023-10-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

LOS ANGELES — Netflix is due to report third-quarter earnings after the closing bell Wednesday. The streaming company is still navigating its transformation from focusing on subscriber growth to focusing on profit, using price hikes, password crackdowns and ad-supported tiers to boost revenue. Investors will be looking to hear from the company's executives about how Netflix will grapple with these headwinds and for a status report on its ad tier. Additionally, they have signaled that operating margins will grow more gradually going forward as it invests in more growth opportunities. It's been less than six months since Netflix instituted its password crackdown, so it's unclear what impact that initiative has had for the company and how much executives will share.

Persons: It's Organizations: Netflix, Wall Street, Company, shouldn't

☆ Taylor Swift Eras Tour film posts second-best October box office opening, behind 'Joker'
▼ + stars: | 2023-10-16 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Taylor Swift and AMC have collected the receipts and results are in: the Eras Tour concert film is the second-highest domestic opener of October ever. The Eras Tour concert film has already shattered records and is likely to break a few more before its run is done. No concert film had ever elicited such fervor so quickly for ticket sales or drummed up so much demand with theater chains. Meanwhile, the highest October opening, Warner Bros.' "Joker" from 2019, secured $13.3 million from Thursday previews, feeding a $39.3 million opening day. Additionally, while Swift's film arrived in 3,855 theaters, the most for any concert film, "Joker" opened in nearly 4,400 locations, according to data from Comscore.

Persons: Taylor Swift, weren't, didn't, Joker, Michael Jackson's Organizations: AMC, CNBC, Warner Bros

☆ Taylor Swift Eras Tour is the highest-grossing domestic concert film ever
▼ + stars: | 2023-10-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Box office analysts became Swifties in the lead-up to Taylor Swift's Eras Tour concert film release, estimating blockbuster-style opening weekend numbers. While the pop singer fell short of the $100 million benchmark, domestic ticket sales still topped $95 million, according to distributor AMC Entertainment. Already, the film has shattered records, becoming the highest-grossing concert film release domestically, surpassing Justin Beiber's "Never Say Never" film release, which hauled in $73 million over the course of its run in theaters in 2011, in a single weekend. Swift's Eras Tour film is also the widest-released concert film in history, arriving in more than 3,850 domestic locations during its debut. Initially, expectations said Swift could tally between $40 million and $60 million on Friday, on her way to an opening weekend draw of as much as $150 million.

Persons: Taylor, Swift, Shawn Robbins, Justin Beiber's, Miley Cyrus, There's, Robbins, Paul Dergarabedian Organizations: AMC Entertainment

☆ Taylor Swift concert film draws $2.8 million from last-minute previews as theaters prepare for big opening weekend
▼ + stars: | 2023-10-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Taylor Swift fans had just eight hours to buy tickets for last-minute Thursday night previews of her Eras Tour concert film. Box office analysts don't see the small Thursday night haul as any indication of the potential success of Swift's film. Expectations are that Swift could tally between $40 million and $60 million on Friday, on her way to a an opening weekend draw of as much as $150 million. Swift's film is on pace to open in around 3,850 theaters, making it the widest domestic release of a concert film. AMC Entertainment, which is distributing the film, reported last week that presales for its theaters had already exceeded $100 million for the full run of Swift's film.

Persons: Taylor Swift, weren't, Paul Dergarabedian, Swift, Shawn Robbins, Miley Cyrus, Michael Jackson's Organizations: AMC, Marvel, Star Wars, AMC Entertainment Locations: Los Angeles , California

☆ A $150 million opening for The Eras Tour concert film? Don't doubt Taylor Swift
▼ + stars: | 2023-10-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

U.S. singer-songwriter Taylor Swift performs during her The Eras Tour concert at SoFi Stadium in Inglewood, California, on Aug. 7, 2023. Taylor Swift has sold out stadiums worldwide and now she's packing cinemas, with her sights set on a $100 million opening weekend for her The Eras Tour concert film — and that's on the conservative side. Box office analysts predict Swift's film could generate as much as $150 million during its debut this weekend, a figure that would make it the highest opening of a concert film ever, and also one of the highest openings of 2023. The film is expected to draw those who were unable to attend, as well as spark repeat viewings. "Given the unique nature of virtually every aspect of the marketing and theatrical release strategy of the Taylor Swift Eras Tour film, speculation is running rampant as to how massive the opening weekend will be," said Paul Dergarabedian, senior media analyst a Comscore.

Persons: Taylor Swift, Taylor, Shawn Robbins, Paul Dergarabedian, Swift Organizations: Instagram Locations: Inglewood , California, U.S, Canada

☆ Hollywood stuck in a rut after talks break down between actors' union and studios
▼ + stars: | 2023-10-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Members of the Writers Guild of America and the Screen Actors Guild walk a picket line on Day 1 outside NBC Universal in New York City on July 14, 2023. Forget about a Hollywood ending for actors and studios — for now. After just under two weeks, negotiations between the Screen Actors Guild-American Federation of Television and Radio Artists and the Alliance of Motion Picture and Television Producers broke down Wednesday night. It appears that wages and artificial intelligence protections remain sticking points between actors and studios. With the dissolution of talks, the strike will rage on, disrupting marketing campaigns and preventing production from commencing on a significant portion of Hollywood's film and television projects.

Persons: Jimmy Fallon, Jimmy Kimmel, Seth Meyers, Stephen Colbert, John Oliver Organizations: Writers Guild of America, Screen, NBC Universal, —, American Federation of Television, Radio Artists, Alliance, Television Producers, SAG, WGA Locations: New York City

☆ Have tickets to the Taylor Swift movie this weekend? Get ready for a dance party
▼ + stars: | 2023-10-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Taylor Swift performs onstage for the opening night of her The Eras Tour at State Farm Stadium in Glendale, Arizona, on March 17, 2023. Starting Friday, Taylor Swift's The Eras Tour film arrives in theaters, and with it comes a certain expectation of exuberance from those in attendance. Since Swift announced the theatrical release of her The Eras Tour, ticket sales have soared. Beyonce's film will see base tickets set at $22 a piece. "Taylor Swift: The Eras Tour" will play in theaters during the weekends through Nov. 5.

Persons: Taylor Swift, Taylor, it's, let's, Swift, presales, It's Organizations: Farm, AMC Entertainment, AMC Locations: Glendale , Arizona

"The Exorcist: Believer" possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come. Still, on a production budget of just $30 million, "The Exorcist: Believer" could prove profitable if it continues to lure moviegoers in the coming weeks. "The Exorcist: Believer" fled from its original release date (Oct. 13) because Swift announced her Eras Tour concert film would arrive in cinemas that day. The film quickly snared the coveted, higher priced, premium format screens, leaving little room for "The Exorcist: Believer" to eke out a solid opening. The potential same-day opening was almost immediately shut down when "The Exorcist: Believer" moved its release date up a week.

Persons: There's, Taylor Swift, Swift, Paul Dergarabedian, Comscore ., Oppenheimer, Jason Blum Organizations: Comscore, Universal

☆ Hollywood writers ratify new contract with studios
▼ + stars: | 2023-10-09 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Writers Guild of America East members walk a picket line at the Paramount+ Summit outside the Paramount Building in Times Square in New York City on May 17, 2023The Writers Guild of America has officially ratified its new three-year contract with Hollywood studios. The guild on Monday announced that 99% of its membership voted to ratify the new deal, with 8,435 votes for "yes" and only 90 for "no." "Through solidarity and determination, we have ratified a contract with meaningful gains and protections for writers in every sector of our combined membership," said Meredith Stiehm, president of Writers Guild of America West. The guild also negotiated higher contribution rates to health benefits and pensions, as well as a guaranteed number of writers in writers' rooms for television shows. "Until the studios make a deal that addresses the needs of performers, WGA members will be on the picket lines, walking side-by-side with SAG-AFTRA in solidarity," said Lisa Takeuchi Cullen, president of Writers Guild of America East.

Persons: Meredith Stiehm, Jimmy Fallon, Jimmy Kimmel, Seth Meyers, Stephen Colbert, John Oliver, Lisa Takeuchi Cullen Organizations: Guild of America East, Paramount, Guild of America, Hollywood, Monday, Writers Guild of America West, WGA, American Federation of Television, Radio Artists, Disney, Netflix, Universal, Warner Bros, Discovery, SAG, Writers Guild of America East, Comcast, CNBC, NBCUniversal Locations: New York City, NBCUniversal

☆ With booze, furniture and candles, Dungeons & Dragons makes itself at home
▼ + stars: | 2023-10-05 | by ( Sarah Whitten | ) www.cnbc.com time to read: +9 min

In this article ETSYHAS Follow your favorite stocks CREATE FREE ACCOUNTInside the storefront of Cantrip Candles in Hollywood, CA. An avid Dungeons & Dragons fan, Visscher was hosting a game when a beer got knocked over during a rowdy tavern interaction. Inspired by fantasy games and settings like those seen in Dungeons & Dragons, Pathfinder and other popular tabletop role-playing games, Cantrip Candles has created its own lore to pair with its scents. Cantrip Candles also partners with other small businesses to sell wick trimmers, matches, notebooks, plush and apparel. Hasbro , which owns the Dungeons & Dragons brand through its subsidiary Wizards of the Coast, has boasted that the game has more than 50 million active players.

Persons: Sarah Whitten, CNBC It's, Christoff Visscher, Visscher, Sellers, Ed Maranville, Harry Potter, Gary Gygax, Dave Arneson, Kidults, Matthew Lillard, Lillard, Justin Ware, Beadle, Wyrmwood's Maranville, Maranville Organizations: CNBC, Pathfinder, Marvel, Star, Hasbro, &, Wizards, NPD, Grimm's, Wyrmwood Locations: Hollywood , CA, Hollywood, Rhode, Indiana, Kentucky

☆ Disney is discounting child tickets at U.S. parks as industry attendance lags
▼ + stars: | 2023-10-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

It's about to be cheaper for families to visit Disney's domestic theme parks. The Walt Disney Company on Wednesday announced new, limited time discounts on children's tickets at Disneyland and Disney World. Universal's domestic parks, as well as region players like Six Flags and Sea World , have reported lower attendance this year. Meanwhile, the parks division saw a 13% increase in revenue during the third quarter, reaching $8.3 billion. The recent additions of the two Star Wars: Galaxy Edge lands in Disneyland and Disney World are estimated to have cost $1 billion each.

Persons: Price Organizations: Disney, Walt Disney Company, Wednesday, Walt Disney, Magic Kingdom, Big, Edge, Comcast, CNBC Locations: California, Orlando , Florida, U.S, Europe, Parks, Anaheim , California, Animal, Orlando, Magic, NBCUniversal

☆ Beyonce's Renaissance Tour film is coming to save the day for the weak December box office
▼ + stars: | 2023-10-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Movie theaters will become a Bey Hive this December. Beyonce's appearance on the film calendar is a much-needed boon for the North American box office. Those offerings give Beyonce's movie plenty of room to run at the box office. It's unclear what Beyonce's film could open to in December, as tickets just went on sale Monday. Beyonce's tour looks to top out just above $560 million.

Persons: Taylor Swift's, Shawn Robbins, Beyonce, Aquaman, Paul Dergarabedian Organizations: AMC Entertainment, Parkwood Entertainment, Dolby, AMC, Cineplex, Harkins, North American, Hollywood, Warner Bros, Comscore, Industry

☆ Late-night shows return as actors restart negotiations with Hollywood studios
▼ + stars: | 2023-10-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Now that the Hollywood writers' strike is over, late-night hosts are preparing their first opening monologues since May, and actors are going back to the negotiating table with studios. WGA membership is currently in the process of voting on the contract, with expectations that ratification will come late next week. Meyers, host of "Late Night with Seth Meyers," spent much of his pre-strike shows commenting on former President Donald Trump's compounding legal problems. The guild also negotiated higher contribution rates to health benefits and pensions, as well as a guaranteed number of writers in writers rooms for television shows. The actors guild begins its negotiations with the likes of Disney, Paramount, Universal and Warner Bros.

Persons: Jimmy Fallon, Jimmy Kimmel, Seth Meyers, Stephen Colbert, John Oliver, Meyers, Donald Trump's Organizations: Hollywood, Writers Guild of America, Alliance, Television Producers, WGA, American Federation of Television, Radio Artists, Disney, Paramount, Universal, Warner Bros, SAG, Industry

☆ Corporate directors group offers 10 recommendations for strengthening boardroom culture
▼ + stars: | 2023-09-29 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

A rise in shareholder activism and regulatory demands has forced company boards to adapt — and fast. That's why the National Association of Corporate Directors spent the last six months examining the role that culture can play in a board's success. Led by Oscar Munoz, former CEO of United Airlines, and Mary Winston, a director at Acuity Brands, Chipotle, Northrop Grumman and TD Bank Group, the NACD Blue Ribbon Commission drafted a collection of recommendations to help boards strengthen their culture and performance. "Boards have long expected management to take ownership of the values, beliefs, behaviors, and norms that make up the culture within an organization," Munoz said in a statement. "Now, it's time for directors to turn inward and embrace that same sense of ownership — but of their own boardroom culture."

Persons: Oscar Munoz, Mary Winston, Northrop Grumman, " Munoz Organizations: National Association of Corporate, United Airlines, TD Bank Group, Ribbon Commission

☆ 'Taylor Swift: The Eras Tour’ concert film set for global theatrical release
▼ + stars: | 2023-09-26 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Taylor Swift's highly anticipated concert film is getting a global release. "Been so excited to tell you all that The Eras Tour concert film is now officially coming to theaters WORLDWIDE on Oct 13!" "Taylor Swift: The Eras Tour" is set to screen in more than 100 countries, starting in most of them on Oct 13. Swift's successful foray into film comes after her The Eras Tour, along with other concert tours, filled stadiums across the country, boosting local economies.

Persons: Taylor Swift, Lumen, Taylor Swift's, Swift, Barbie, Mario, — CNBC's Sarah Whitten Organizations: AMC Entertainment, Odeon Cinemas, AMC, American, Mario Bros Locations: Seattle , Washington, U.S, Canada, Mexico, North America, Europe

☆ Hollywood writers strike to end on Wednesday as WGA, AMPTP finalize labor contract
▼ + stars: | 2023-09-26 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Striking WGA (Writers Guild of America) members picket with striking SAG-AFTRA members outside Paramount Studios on September 18, 2023 in Los Angeles, California. Hollywood writers and studios have finalized the language of a tentative contract that will lead to the end to a nearly 150-day labor strike. Union leaders "voted unanimously to lift the restraining order and end the strike as of 12:01 am PT/3:01 am ET on Wednesday, September 27th," the WGA said in a statement. Talks between the Writers Guild of America and the Alliance of Motion Picture and Television Producers, which includes top studios like Disney, Paramount, Universal and Warner Bros. The agreement also improved screenwriter compensation, writers' room minimums and renewed a $250,000 showrunner training program, among other items.

Organizations: WGA, Guild of America, SAG, Paramount Studios, Writers Guild of America, Alliance, Television Producers, Disney, Paramount, Universal, Warner Bros, Discovery, Writers Locations: Los Angeles , California

☆ Movie theater shares pop after writers, studios reach tentative labor deal
▼ + stars: | 2023-09-25 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Movie theater shares popped Monday following news of a tentative labor deal between the Writers Guild of America and the Alliance of Motion Picture and Television Producers. Extremely good news that progress is being made," AMC CEO Adam Aron said Sunday in a post on X, the site formerly known as Twitter. Shares of AMC were up roughly 7% Monday. The Screen Actors Guild – American Federation of Television and Radio Artists is still on strike after failure to reach a labor agreement with AMPTP. The summer season saw a 19% year-over-year increase, due in large part to the success of "Barbie" and "Oppenheimer."

Persons: Adam Aron, it's, Kraven, Hunter, Oppenheimer, Eric Wold, AFTRA, — CNBC's Sarah Whitten Organizations: AMC, Regal Cinemas, Writers Guild of America, Alliance, Television Producers, Twitter, Disney, Comcast, Warner Bros, Discovery, Hollywood, – American Federation of Television, Radio Artists, AMPTP, SAG, Riley Securities, WGA, Netflix, CNBC Locations: Square , New York, NBCUniversal

☆ Hollywood writers and studios reach tentative deal to end strike after nearly 150 days
▼ + stars: | 2023-09-25 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Writers Guild of America members walk the picket line on the first day of their strike in front of Amazon studios on Tuesday, May 2, 2023, in Culver City, CA. Talks between the Writers Guild of America and the Alliance of Motion Picture and Television Producers resumed last week after months of starts and stops, ultimately leading to a tentative deal that would end the ongoing writers strike. Television and film writers sought protections against the use of artificial intelligence, in addition to increases in compensation for streamed content. Then, the board and council will vote on whether to authorize a contract ratification vote by membership. SAG-AFTRA members have been on strike since mid-July and are seeking contract updates similar to those requested by the writers.

Persons: Television Producers, AMPTP, AFTRA Organizations: Guild of America, Amazon, Writers Guild of America, Alliance, Television, WGA, Disney, Paramount, Universal, Warner Bros . Discovery . Television, WGAW, WGAE, SAG, Screen, American Federation of Television, Radio Artists, Comcast, CNBC, Television Producers Locations: Culver City , CA, NBCUniversal

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

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