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☆ The media industry is in turmoil, and that's not changing anytime soon
▼ + stars: | 2023-07-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +11 min

All of this turmoil will be on investors' minds as the media industry kicks off its earnings season this week, with Netflix up first on Wednesday. Netflix, with a new advertising model and push to stop password sharing, looks the best positioned compared with legacy media giants. At the top of the list is contending with Disney's TV networks, as that part of the business appears to be in a worse state than Iger had imagined. The labor fight blew up just as the industry has moved away from streaming growth at all costs. Last week's ruling from a federal judge that Microsoft's $68.7 billion acquisition of game publisher Activision Blizzard should move forward serves as a rare piece of good news for the media industry.

Persons: Mike Blake, Bob Iger, Iger, Bob Iger's, Michael Nathanson, SVB, CNBC's David Faber, Nathanson, Producers –, Mark Boidman, Ross Benes, Benes, Comcast's NBCUniversal, Solomon, Boidman, Random, Paramount's Simon, Schuster, Tegna, Jason Anderson, Peter Liguori, Anderson, HBO Max, Homer, Marge Getty Organizations: Guild of America, Netflix, Alliance, Producers, Reuters, Disney, Disney's, Paramount Global, Comcast, Warner Bros, American Federation of Television, Radio Artists, Media, Solomon Partners, CNBC, Hollywood, Intelligence, ABC, Paramount, BET, NBC Sports, USA, Discovery, Activision, Federal Trade Commission, dealmaking, Microsoft, Tribune Media, Max, HBO, Amazon, MGM, Sky, Fox Corp, FOX Locations: Los Angeles , California, U.S, MoffettNathanson, Hulu

☆ Disney pulling back on making Marvel, Star Wars content, Iger says
▼ + stars: | 2023-07-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Disney is slowing down when it comes to making movies and TV series for its Marvel Studios and Lucasfilm franchises, CEO Bob Iger said on CNBC Thursday. Spending less on what we make, and making less," Iger said Thursday. Iger said Thursday that a lot of decisions were made to prop up the company's flagship streaming service, Disney+, and beckon more customers. It had not been in the television business at any significant level, and not only did they increase their movie output, but they ended up making a number of TV series," said Iger. Disney acquired Marvel for more than $4 billion in 2009, and the franchise has since grossed billions of dollars at the global box office for the company.

Persons: Bob Iger, Iger, Marvel Organizations: Disney, Marvel Studios, Lucasfilm, CNBC, Marvel

☆ Disney CEO Iger opens door to unloading TV assets as linear business struggles
▼ + stars: | 2023-07-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Disney CEO Bob Iger opened the door to selling the company's linear TV assets as the business struggles during the media industry's transition to streaming and digital offerings. "We've gotten a lot done very quickly, significant cost reductions and significant realignment of the company," Iger said. Disney reorganized into three segments: Disney Entertainment, which includes most of its streaming and media operations; an ESPN division; and a parks, experiences and product unit. In addition to looking for his next successor, Iger has been tasked with bringing Disney's streaming business to profitability. It's likely Comcast will sell its Hulu stake to Disney at the beginning of 2024, CNBC previously reported.

Persons: Bob Iger, Iger, Disney's, Bob Chapek, CNBC's David Faber, Faber, he's, We've, Nelson Peltz, weren't Organizations: Disney, CNBC, Allen, Co, Disney Entertainment, ESPN, Netflix, Wall, Comcast Locations: Idaho, Hulu, It's

The PGA Tour on Tuesday defended its controversial deal with the Saudi-backed LIV Golf league before senators, as scrutiny of the agreement intensifies. Representatives from LIV Tour and Saudi Arabia's Public Investment Fund wasn't present at the hearing because CEO Greg Norman is out of the country, according to a spokesperson. PGA Tour operating chief Ron Price and policy board independent director Jimmy Dunne testified before the Senate Homeland Security Committee's subcomittee on investigations. Dunne and Price said they believed the PGA Tour would benefit the most from the proposed deal. The PGA Tour would manage competitions, and has said it is leading the negotiations to reach a finalized deal.

Persons: LIV, Greg Norman, Ron Price, Jimmy Dunne, Dunne, Price, Yasir Al, Rumayyan, Sen, Richard Blumenthal, Conn, It's, Blumenthal, Norman, Ron Johnson, Johnson, CNBC's Organizations: LIV Golf, LIV Tour, Saudi Arabia's Public Investment Fund, PGA Tour, Senate Homeland Security, Comcast, Paramount Global, Disney, Warner Bros, Capitol, PIF Locations: Saudi, American, Yemen

☆ Charter will offer a cheaper cable TV option without sports to reflect changing landscape
▼ + stars: | 2023-07-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

A change-up is coming to Charter Communications ' cable TV packages -- particularly for sports networks. The cable and broadband company said Monday that it plans to start offering a new, two-tier cable package system that will allow customers to select a cheaper, sports-free TV option. Diamond Sports Group, the owner of the largest regional sports networks portfolio, filed for bankruptcy protection earlier this year. But they're often considered expensive for consumers and could turn off potential streaming customers. Beginning in the third quarter, the company said its Spectrum-branded cable TV business will be relaunched as two new services.

Persons: That's, they're, Tom Montemagno, Dan Finnerty Organizations: Communications, Charter Communications, Diamond Sports Group, Disney, ESPN, DirecTV, — Spectrum SportsNet, SportsNet, Lakers, Time Warner Cable, Monday, Dodgers, Spectrum Networks Locations: U.S

☆ PGA Tour defends LIV Golf deal ahead of Senate hearing
▼ + stars: | 2023-07-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

Streeter Lecka | Getty ImagesThe PGA Tour has begun its public defense of its deal with Saudi-backed LIV Golf ahead of a key Senate hearing slated for this week. "Given the well-chronicled legal disputes that have existed between the PGA Tour and PIF, we understand the fair and valid questions raised by PGA Tour members, Tour partners, media, fans and now Congress," Price said in the op-ed. Stephenson stepped down as lawmakers appeared likely to start a broad probe into the merger between the PGA Tour and LIV, beginning with Tuesday's Senate hearing. Defending the dealLast month, the PGA Tour and PIF's LIV Golf, as well as Europe's DP World Tour, agreed to merge. The majority of the board that leads the PGA Tour Enterprises will be appointed by the tour and run by Monahan.

Persons: Streeter Lecka, LIV Golf, Ron Price, Price, Randall Stephenson, Stephenson, LIV, Sen, Richard Blumenthal, Ron Johnson, Jay Monahan, Jimmy Dunne, Monahan, Richard Heathcote, Rory McIlroy — Organizations: THE, Sawgrass, Saudi, Athletic, Monday, PGA, PGA Tour, AT, Senate, Senate Homeland Security, Investigations, Saudi Public Investment Fund, Getty, Saudi Arabia Public Investment, PIF Locations: Ponte Vedra Beach , Florida, Saudi, United States, Monday's

☆ Fox News to pay $12 million to settle fired producer Abby Grossberg's lawsuit
▼ + stars: | 2023-06-30 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Fox News has settled another lawsuit, this time with a one-time producer for former primetime host Tucker Carlson. The Fox Corp. network agreed to pay $12 million to settle the lawsuit brought by Abby Grossberg, who alleged she was coerced into giving false testimony for the Dominion Voting Systems defamation case. Grossberg earlier this year had filed lawsuits against Fox in New York and Delaware, and had also accused the network of discrimination. Fox had earlier denied the claims by Grossberg, and explained its decision to let the producer go:

Persons: Tucker Carlson, Abby Grossberg, Grossberg, Carlson –, Dominion –, Maria Bartiromo, Fox Organizations: News Corporation, Fox News, New York City . Fox News, The Fox Corp, Dominion Voting, Fox, Network, Dominion Locations: Manhattan, New York City, New York, Delaware, Dominion

Bed Bath & Beyond is splitting the bankruptcy-run auction of its Buy Buy Baby chain into two phases as the retailer struggles to nail down bids in a sale process now shrouded in doubt. An auction for all of Buy Buy Baby's assets was originally scheduled for 10 a.m. An initial winner will likely be chosen during Wednesday's intellectual property auction. The decision to split up the bidding comes after the retailer held separate sale proceedings for its Buy Buy Baby and Bed Bath & Beyond banners. The banner, which sells baby goods such as strollers, clothes and cribs, has long been considered the crown jewel of Bed Bath & Beyond's assets.

Persons: weren't

☆ Zaslav brings in Spielberg, Scorsese, Anderson to help curate TCM film lineup after shakeup
▼ + stars: | 2023-06-28 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Warner Bros. "This unique arrangement, initiated by David Zaslav, reflects his commitment to honoring the TCM legacy while also involving us on curation and programming." The inclusion of the filmmakers came after Warner Bros. Part of that was a major shakeup at TCM, recognized as a place for preservation of classic films and a carefully curated lineup augmented by guest star introductions. The changes had caused concern among movie buffs and those dedicated to film preservation, who voiced their distress on social media.

Persons: Steven Spielberg, helmer Martin Scorsese, Paul Thomas Anderson, Mike De Luca, Pam Abdy, Mike, Pam, David Zaslav, Charles Tabesh Organizations: Warner Bros, Turner, TCM, Discovery

☆ Roku will air Formula E races as part of the streamer's first live sports deal
▼ + stars: | 2023-06-27 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +3 min

Roku will become the U.S. streaming home of Formula E, the electric vehicle-powered auto racing series, with both live and on-demand replays of races. Starting with the upcoming season, the Roku channel will host 11 ABB FIA Formula E World Championship races, it said in a press release. Beginning in January, five races will also air live on CBS and simulcast on Paramount+, which will be accessible through Roku. Debuting at the Olympic Park in Beijing in 2014, Formula E's races take place worldwide, and the first fully electric racing series currently features 12 teams and 24 drivers. Last year, the company said races reached a record high of 216 million live viewers, up 10% from the previous season.

Persons: Roku, Aarti Dabas, — CNBC's Lillian Rizzo Organizations: Formula, CBS, ABB FIA Formula, Paramount, Formula E, Netflix, Research, Disney, ESPN, Comcast, NBA, Turner Sports, CNBC Locations: U.S, Portland , Oregon, Beijing

☆ Here's how a merger between PGA Tour and LIV Golf would be structured
▼ + stars: | 2023-06-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

In a five-page agreement obtained by CNBC, the parties — the PGA Tour, the Saudi Arabia Public Investment Fund and Europe's DP World Tour — agreed to create a for-profit subsidiary of the PGA Tour. The new entity will manage commercial assets for all of the tours, while the PGA Tour will manage competitions. The tentative merger agreement was signed by PGA Tour Commissioner Jay Monahan, DP World Tour CEO Keith Pelley and PIF's Yasir al-Rumayyan. The lawsuits came after multiple high-profile players including Phil Mickelson left the PGA Tour for LIV. The PGA Tour has said its executives would testify at the hearing, although it is unclear if Monahan will be present.

Persons: LIV, —, Muhammed bin Salman, Jay Monahan, Keith Pelley, PIF's Yasir al, LIV Golf, Phil Mickelson, " Monahan, Sen, Richard Blumenthal, Ron Johnson, Monahan Organizations: PGA Tour, CNBC, Saudi Arabia Public Investment Fund, Tour, Public Investment Fund, PGA, Senate Homeland Security Locations: Saudi, United States

☆ Fox News names Jesse Watters as replacement for Tucker Carlson primetime slot
▼ + stars: | 2023-06-26 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Jesse Watters host of "The Five" interviews Jenna Bush Hager and Barbara Bush during "The Five" at Fox News Studios on November 13, 2017 in New York City. Fox News has named Jesse Watters as the newest star of its 8 p.m. ET primetime slot, as the network looks to boost ratings two months after ousting Tucker Carlson from the post. He is currently the host of the 7 p.m. opinion show "Jesse Watters Primetime," and appears regularly on "The Five," one of Fox News' highest rated programs. There was no sendoff for Carlson and his "Tucker Carlson Tonight," which had long been one of Fox's most-watched shows.

Persons: Jesse Watters, Jenna Bush Hager, Barbara Bush, Tucker Carlson, Watters, Laura Ingraham's, Sean Hannity's, Greg Gutfield's, Suzanne Scott, Laura Ingraham, Sean Hannity, Greg Gutfeld, Carlson Organizations: Fox News Studios, New York City . Fox News, Fox News, FOX, Fox, Fox Corp, Systems, Twitter, Dominion, NBC Locations: New York City

☆ High interest rates and economic uncertainty are behind recent rise in corporate defaults
▼ + stars: | 2023-06-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates is likely in coming months. Earlier this week, Fed Chairman Jerome Powell said to expect more interest rate increases this year, albeit at a slower rate, until more progress is made on lowering inflation. Bankers and analysts say high interest rates are the biggest culprit of distress. While the most troubled companies have been affected recently, he expects companies with more financial stability to have issues refinancing due to high interest rates.

Persons: Jerome Powell, Mohsin Meghji Organizations: Federal Reserve, Moody's Investors, Bankers, Partners, P Global Market Intelligence Locations: Washington ,, U.S, Canada

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Buy Buy Baby, the baby goods retailer owned by Bed Bath & Beyond , has been attracting interest ahead of its bankruptcy-run auction. But as the auction nears, interest in keeping Buy Buy Baby's stores open has waned. "When we looked at the stores and the Buy Buy Baby store footprint, we really said like, does this accelerate this strategy? Initially, Go Global Retail – which owns the children's wear brand Janie and Jack – was interested in keeping Buy Buy Baby stores open, the people said.

Persons: Overstock.com, Babylist, Natalie Gordon, Gordon, Janie, Jack – Organizations: Bed, –, CNBC, Go, Sixth, Partners, Street, Global Locations: Brooklyn, New York

☆ WBD chief Zaslav contacted filmmakers Scorsese, Spielberg to quell fears around TCM layoffs
▼ + stars: | 2023-06-22 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Warner Bros. The layoffs affected the company's vast portfolio of cable-TV networks including the Discovery Channel, Investigation Discovery and the Food Network. Its offerings are among the movies and shows included on Warner Bros. The shakeup at the network inspired Warner Bros. Scorsese, Spielberg and Anderson added that Zaslav contacted them regarding the restructuring of TCM, adding they each spent time talking with the CEO, individually and as a group, "and it's clear that TCM and classic cinema are very important to him.

Persons: shakeup, David Zaslav, Martin Scorsese, Steven Spielberg, Paul Thomas Anderson, —, Turner, Scorsese, Spielberg, Anderson, Zaslav Organizations: Warner Bros, Discovery, Discovery Channel, Food Network, Turner, TCM

PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut. Key lawmakers on Wednesday invited the officials behind the proposed deal between the PGA Tour and Saudi-backed rival LIV Golf to testify at a Senate subcommittee hearing. Blumenthal, D-Conn., and Johnson, R-Wisc., requested testimony from the tour's commissioner, Jay Monahan, LIV Golf CEO Greg Norman and Yasir al-Rumayyan of the Saudi Arabia Public Investment Fund. "Fans, the players, and concerned citizens have many questions about the planned agreement between the PGA Tour and LIV Golf," Johnson said in a release. Blumenthal has expressed a particular interest in whether the PGA Tour deserves to keep its tax exempt nonprofit status as a business association that benefits its members.

Persons: LIV Golf, Sen, Richard Blumenthal, Ron Johnson, Blumenthal, Conn, Johnson, Jay Monahan, LIV, Greg Norman, Yasir al, Monahan, PIF didn't, Norman Organizations: Wednesday, PGA Tour, Senate Homeland Security, Saudi Arabia Public Investment Fund, LIV Golf, PGA, CBS Locations: Cromwell , Connecticut, Saudi, United States

☆ Bed Bath & Beyond schedules separate auction for Buy Buy Baby assets
▼ + stars: | 2023-06-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. The retailer said in court papers it will run a separate sale process for Buy Buy Baby — considered the crown jewel of its assets — as it moves forward with the auction of its Bed Bath & Beyond chain. The separate sale process gives the retailer more breathing room to nab a bid from a buyer that could be willing to keep Buy Buy Baby stores open, or at least maximize an offer price. Buy Buy Baby assets garnered interest from buyers even before its parent company filed for bankruptcy in April. The auction for Buy Buy Baby's assets is slated to take place on June 28.

Persons: —, Overstock.com Organizations: nab, CNBC, Bed Locations: Brooklyn, New York

The National Hockey League's Ottawa Senators have found a new owner. Toronto-based billionaire Michael Andlauer has agreed to acquire the Senators, setting a record for the highest price paid for an NHL team, according to a person familiar with the matter. Andlauer is already a minority owner of the Montreal Canadiens and had been called out in reports as an interested bidder for the Senators months ago. As part of the deal for the Senators, Andlauer will have to sell his stake in the Canadiens, The Athletic reported. The team went up for sale last year after its previous owner, Eugene Melnyk, died at 62.

Persons: Michael Andlauer, Andlauer, Eugene Melnyk, Melnyk Organizations: Hockey League's Ottawa Senators, NHL, Montreal Canadiens, Senators, Canadiens, The Athletic, ATS Healthcare Group, Galatioto Sports Partners Locations: Toronto

☆ Overstock.com bids $21.5 million for Bed Bath & Beyond intellectual property assets
▼ + stars: | 2023-06-13 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

The home goods chain, which also owns Buy Buy Baby stores, received a $21.5 million offer from online retailer Overstock.com for some of its assets, including its intellectual property, according to court papers filed Tuesday. The offer doesn't include Bed Bath & Beyond or Buy Buy Baby's store locations, which are running going-out-of-business sales. In recent weeks discussions have centered around the assets for Buy Buy Baby, often considered the crown jewel of the Bed Bath & Beyond portfolio. The Buy Buy Baby assets in particular had attracted interested bidders. Bed Bath & Beyond had sought chapter 11 protection in April, following months of numerous failed turnaround efforts and bankruptcy warnings.

Persons: Harmon Organizations: CNBC, Bed, Beyond Locations: Farmingdale , New York

☆ Washington Post publisher, CEO Fred Ryan to depart after overseeing growth under Jeff Bezos
▼ + stars: | 2023-06-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +7 min

From left, Washington Post Publisher Fred Ryan, Executive Editor Marty Baron, and National Security Editor Peter Finn, applaud as investigative reporter Tom Hamburger speaks to the newsroom after The Washington Post wins two pulitzer prizes, Monday, April 16, 2018, in Washington. Washington Post publisher and CEO Fred Ryan announced on Monday that he will step down from the helm of the newspaper in August. In a statement, the Washington Post said that it saw multiple years of profitability and a dramatic jump in digital subscriptions under Ryan. Read Fred Ryan's memo to employees here:Subject: Message for Washington Post ColleaguesDear Washington Post Colleagues,Nine years ago, I was honored to be selected by Jeff Bezos to be Publisher and CEO of The Washington Post. Read Jeff Bezos' memo here:Subject: Message for The Washington Post TeamDear Washington Post Team,I want to express my deepest gratitude and appreciation to Fred for his dedicated service to The Washington Post as our Publisher and CEO.

Persons: Fred Ryan, Marty Baron, Peter Finn, Tom Hamburger, Ryan, Jeff Bezos, Ronald Reagan, Jeff, Bezos, Patty Stonesifer, Melinda Gates, Read Fred Ryan's, We've, we've, Fred, Read Jeff Bezos, he's, I'm, She'll, Patty, You'll Organizations: Washington Post, National Security, Washington . Washington Post, Amazon, Foundation, Melinda Gates Foundation, Microsoft, The Washington Post, Innovative Media, Fast Company, Ronald Reagan Presidential Foundation and Institute, The Washington Post Team, Washington Post Team Locations: Washington .

☆ Netflix subscriptions rise as password-sharing crackdown takes effect
▼ + stars: | 2023-06-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The Netflix crackdown on password sharing is in its early days in the U.S., but it appears to be having the effect the streamer was looking for – a boost to its subscriber base. In 2022, Netflix began to see subscriber growth stagnate, and, like other media companies, it began homing in on ways to make boost revenue. In addition to cracking down on password sharing, Netflix also introduced a cheaper, ad-supported tier. Netflix began rolling out password-sharing guidance in international markets earlier this year. It had delayed its crackdown on password sharing in the U.S. from the first quarter to the second quarter.

Organizations: Netflix Locations: Krakow, Poland, U.S, lockdowns

☆ Here's where a possible sale of Bed Bath & Beyond and Buy Buy Baby stands
▼ + stars: | 2023-06-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

"Everything on Sale" signs at a Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. The auction process for Bed Bath & Beyond and its assets was extended once again as discussions progress with potential bidders, namely for its Buy Buy Baby chain of stores. In court papers filed Thursday, Bed Bath & Beyond said it would delay its sale timeline by a few days "to ensure the most value maximizing transaction is achieved." The assets of the baby gear retailer Buy Buy Baby had earlier attracted interest from at least two bidders, including Babylist, CNBC previously reported. Buy Buy Baby has been considered the crown jewel of the assets, reportedly attracting interest in 2022 and in the months ahead of the bankruptcy filing.

Persons: Janie, Jack Organizations: Babylist, CNBC, Street Locations: Brooklyn, New York, Bath

☆ Warner Bros. Discovery stock rises for second straight day as company pays down debt
▼ + stars: | 2023-06-08 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

The media giant has been contending with a heavy debt load stemming from the 2022 merger of Warner Bros. and Discovery. Warner Bros. Warner Bros. Warner Bros. Warner Bros.

Persons: Chris Licht, Wells Fargo, Steven Cahall, Cahall, David Zaslav Organizations: Warner Bros, CNN, Discovery, Warner Bros . Discovery, Public, Max, HBO, Discovery Channel, TLC Locations: U.S

☆ PGA Tour merger with LIV Golf triggers confusion about sponsorships, antitrust
▼ + stars: | 2023-06-07 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

watch nowThe proposed merger between the PGA Tour and its Saudi-funded rival LIV Golf stunned everyone from golfers to Wall Street bankers this week – leaving many with questions about what the merger could mean. While the two organizations were feuding, golfers were divided between the PGA Tour and LIV. Aside from the lawsuits, LIV Golf has been surrounded by controversy and criticism since its launch in 2022. LIV Golf sued the tour, also citing anti-competitive practices for banning its players. The PGA Tour countersued.

Persons: LIV Golf, LIV, Jefferies, Jay Monahan, CNBC's, Henry Hauser, Perkins, Monahan, Phil Mickelson, Bryson DeChambeau, Yasir Al, Rumayyan, Hauser, it's, Timothy Derdenger, Derdenger Organizations: PGA Tour, Wall, FTC, PGA, Saudi Arabia Public Investment Fund, Antitrust, Public Investment, Federal Trade Commission, Justice Department, American Airlines, JetBlue Airways, Carnegie Mellon University's Tepper School of Business, U.S . Locations: Saudi

Digital Content Next shared the principles with its board and relevant committees Monday. Digital Content Next's "Principles for Development and Governance of Generative AI": Developers and deployers of GAI must respect creators' rights to their content. The urgency behind building a system of rules and standards for generative AI is intense, said Jason Kint, CEO of Digital Content Next. How generative AI will unfold in the coming months and years is dominating media conversation, said Axios CEO Jim VandeHei. "Even with AI tools or generative AI models that work in text like ChatGPT, it doesn't change the fact we're already doing this work," said Looft.

Persons: Andrew Burton, Robert Frost, Vincent Van Gogh, Google's Bard, GAI, Jason Kint, I've, Kint, We've, Jim VandeHei, VandeHei, Barry Diller, Robert Thomson, Thomson, Diller, Chris Berend, Pope Francis, Chris Looft, Berend Organizations: New York Times, Getty, NBC, The Washington Post, Street, News Corp, Development, ., A.I, Digital, Facebook, Nasdaq, Market, Big Tech, International News Media, News Media, NBC News Group, Pentagon, Bloomberg, Axios Technology, Google, Disney, ABC, NBC News, CNBC Locations: New York City, New York, Washington ,

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