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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 ,

☆ Diamond Sports must pay four MLB teams in full, bankruptcy judge says
▼ + stars: | 2023-06-02 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

Diamond Sports, the owner of regional sports networks, was ordered this week by a bankruptcy judge to make full media rights payments to four Major League Baseball teams. Diamond had already paid the teams up to 75% of the payments owed earlier in its bankruptcy, court papers show. If Diamond doesn't make the remainder of the payments owed to the teams, those teams can walk away from their contracts with the company, a judge ruled. In particular, Diamond has been pushing to hold the direct-to-consumer streaming rights to all MLB teams that air on its networks. Currently, Diamond has deals with all its NBA and NHL teams, plus a handful of MLB teams for the streaming rights.

Persons: Diamond, Rob Manfred Organizations: Ohio, Bally Sports, Cincinnati Reds, Cleveland Guardians, Progressive, Diamond Sports, Major League Baseball, MLB, Arizona Diamondbacks, Texas Rangers, Minnesota Twins, San Diego Padres, Padres, Federal, Court, Diamond, NBA, NHL, The Athletic, Sinclair Broadcast, Sinclair Locations: Cleveland, Houston

☆ MLB will broadcast San Diego Padres games after Diamond Sports stops payments
▼ + stars: | 2023-05-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Daniel Camarena of the San Diego Padres hits a grand slam during the fourth inning of a baseball game against the Washington Nationals at Petco Park in San Diego, July 8, 2021. The San Diego Padres have a new home base on TV. Major League Baseball will broadcast and produce the team's local games beginning Wednesday, after the owner of Bally Sports San Diego, its regional sports network for local in-market games, dropped the team. On cable TV, Padres games will be available through four providers: Charter Communications ' Spectrum, Cox Communications, DirecTV and AT&T U-verse. MLB said it would increase the reach of local Padres games from about 1.13 million homes to roughly 3.3 million homes.

Persons: Daniel Camarena, Diamond, Manfred, Noah Garden Organizations: San Diego Padres, Washington Nationals, Major League Baseball, Bally Sports San Diego, Diamond Sports, Bally Sports San, Padres, MLB, Diamond, Miami Marlins, Diamond Sports Group, Club, Communications, Cox Communications, DirecTV, Fox Sports, Disney, Fox, Bally Sports, Sinclair Broadcast Group, Sinclair, NBA, NHL, Arizona Diamondbacks Locations: San Diego, Bally Sports San Diego

That was the promise of a digital library of movies and TV shows. "Warner Bros. That's why NBCUniversal had to pay itself $500 million to stream Universal TV's "The Office" on Peacock and Warner Bros. Rafael Henrique | Lightrocket | Getty ImagesBy removing the content specifically made for streaming rather than licensed shows and movies, Warner Bros. Warner Bros.

☆ Global audience demand for streaming Asian movies, series grows with hits like 'Squid Game'
▼ + stars: | 2023-05-28 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

But investment in Asian, especially Korean, content is still high. "Some might think that supply outstripping demand globally could mean a slight pullback in investment could be on the table. The behemoth streaming service said it plans to invest $2.5 billion over the next four years to produce more Korean shows and movies. While global demand for Korean-language TV shows has increased since early 2020, it has still been outpaced by the supply of the content. Meanwhile, that demand has stagnated in comparison to other Asian language TV series, specifically Japanese and Chinese, according to Parrot.

☆ Netflix password-sharing crackdown rolls out in the U.S.
▼ + stars: | 2023-05-23 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

The streaming service said it began alerting members on Tuesday about its new sharing policy, noting that Netflix accounts are only to be shared within a single household. Netflix 's crackdown on password sharing has come to the U.S.Netflix warned it would be tightening its guidelines on password sharing in a push to boost revenue and subscriber numbers, soon after the company began seeing growth stagnate. On Netflix's subscription plans page , it notes that extra members can be added to its standard and premium plans without ads. Earlier this year, Netflix outlined password-sharing guidance in four other countries: New Zealand, Canada, Portugal and Spain. In addition to its crackdown on password sharing, Netflix also recently introduced a cheaper, ad-supported tier in an effort to boost revenue.

☆ Paramount streaming service to merge with Showtime on June 27
▼ + stars: | 2023-05-22 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Tom Ryan, CEO and President of Paramount Streaming, speaks during the LG press conference ahead of the Consumer Electronics Show (CES) in Las Vegas, Nevada, on January 4, 2023. Paramount Global 's flagship streaming service Paramount+ will combine with its Showtime app in the U.S. on June 27, the company said Monday. The Paramount+ with Showtime premium tier will increase to $11.99 from $9.99, while the Paramount+ option without Showtime content will increase by $1 to $5.99. The premium cable-TV network, known for series like "Yellowjackets" and "Billions," will also be rebranded as Paramount+ with Showtime, and the company will also sunset the standalone Showtime app by the end of the year. Paramount has said it expects peak losses for its fledgling streaming service Paramount+ this year.

Persons: Tom Ryan, Max, Bob Iger Organizations: Paramount, LG, Consumer Electronics, Showtime, Warner Bros, HBO Max, Disney Locations: Las Vegas , Nevada, U.S

☆ Desperate for streaming profits, media giants look to a soft ad market for help
▼ + stars: | 2023-05-20 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +8 min

(AP Photo/Universal Pictures) Photo Credit: Universal Pictures/Tippett StudioAfter spending years amassing streaming subscribers at great cost, media companies now need to make some profits. Look no further for proof of that than the most recent annual Upfronts, the events where media companies like Fox Corp ., Warner Bros. During Disney's earnings call earlier this month, CEO Bob Iger put new emphasis on ad-supported streaming. 'We need ads'There's been an uptick of consumers signing up for ad-supported streaming subscriptions. But media companies are struggling with the question of whether ad-tier subscriptions make up for other losses.

In this article LGF.A Follow your favorite stocks CREATE FREE ACCOUNTKeanu Reeves stars in "John Wick: Chapter 4." LionsgateWhat started with a retired hitman avenging his murdered dog has turned into a billion-dollar blockbuster movie franchise for Lionsgate . This week, the John Wick series, comprised of four films starring Keanu Reeves in the titular role, crossed $1 billion at the global box office. The first "John Wick" was widely praised by critics and audiences for its highly choreographed fight sequences, which were often shot in long, single takes to convey the action. The milestone for its "John Wick" franchise comes as Lionsgate has been exploring its options for the two key parts of its business – its film studio and Starz cable and streaming unit.

☆ Netflix stock jumps 10% as it boasts ad-tier growth
▼ + stars: | 2023-05-18 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Discovery highlighted their ad-supported streaming options at their presentations. Netflix saw its stock rise nearly 10% on Thursday soon after unveiling details about its new ad-supported tier that suggested the business model is starting to pay off. Netflix stock rallied on Thursday soon after the company offered new details about its ad-support streaming tier. Netflix launched its ad-based option in late 2022, following quarters of stagnating subscriber growth that sent its stock tumbling. The company posted mixed financial results in its most recent quarter, but said it added 1.75 million subscribers.

Comcast will likely sell its 33% stake in Hulu to Disney at the beginning of 2024, Comcast Chief Executive Brian Roberts said Tuesday. Comcast and Disney struck a deal in 2019 that allowed Disney the option to buy out Comcast's minority stake in 2024. Roberts also suggested the final price for Hulu will likely be higher than the $27.5 billion valuation initially set in 2019. Comcast and Disney have already held talks about Hulu this year, Iger said last week. Comcast executives had assumed Disney would buy out its 33% stake in Hulu when Bob Chapek was Disney's CEO last year.

Fox Corp. , Disney , Warner Bros. Media executives' messaging to advertisers could center around value this year, particularly as companies continue to offer more content on their streaming services. Cost cuttingWhile media executives will try to convince advertisers to maximize their spending, they'll be pushing that narrative while making fewer shows. The logo of the streaming service Paramount+ on a logo wall at the Paramount+ launch event. Jörg Carstensen | Picture Alliance | Getty ImagesParamount, in particular, has seen a big reliance on franchises, especially for its Paramount+ streaming service.

☆ Elon Musk hires ex-NBCUniversal ad chief Linda Yaccarino to be Twitter's CEO
▼ + stars: | 2023-05-12 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

NBCUniversal global advertising chief Linda Yaccarino has resigned to join Twitter as its next chief executive. Twitter owner Elon Musk confirmed the hire in a tweet Friday. "I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Yaccarino and Musk sat together in a keynote interview at a marketing conference in Florida in mid-April. During the conference, Musk reportedly tried to reassure advertisers that Twitter was a respectable place for their brands.

A general view of fans in front of the Washington Commanders logo during the first half of the game between the Washington Commanders and the Philadelphia Eagles at FedExField on September 25, 2022 in Landover, Maryland. The NFL's Washington Commanders entered into a deal to be sold to a consortium led by private-equity financier and professional sports team owner Josh Harris, the sides announced Friday. "League staff and the finance committee will review details of the proposed Washington transaction," the NFL said. The deal comes months after team owner Dan Snyder hired investment bankers to explore a sale, CNBC previously reported. Snyder wasn't being forced to sell the team despite mounting pressure among other owners to have him removed as owner.

☆ Sony's faith-based streaming service merges with Hallmark rival Great American Media
▼ + stars: | 2023-05-11 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +1 min

Sony Pictures Entertainment and its streaming service Pure Flix are making room on the cable TV dial. The company's streaming service, known for faith-based content, is merging with Great American Media, a recent upstart cable rival to the Hallmark Channel. It will also beef up the slate for Great American's TV networks Great American Family and Great American Living. As part of the deal, which has yet to close, content from both Pure Flix and Great American Media will cross each other's platforms. Great American Media and its two cable TV networks were launched in 2021 by Bill Abbott, former CEO of Crown Media, the parent of the Hallmark Channel.

Persons: Maria Conchita Alonso, Bill Abbott Organizations: Los Angeles, Hilton Los Angeles, Universal City, Sony Pictures Entertainment, Great American Media, Hallmark Channel, Sony, Crown Media, Hallmark Locations: Universal City , California, U.S, Canada

☆ Judge halts Suns' bid to exit bankrupt Diamond Sports network
▼ + stars: | 2023-05-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

A general view during the second half in Game Two of the NBA Finals between the Milwaukee Bucks and the Phoenix Suns at Phoenix Suns Arena on July 08, 2021 in Phoenix, Arizona. The Phoenix Suns' move to exit cable TV is no slam dunk. The Suns since 2011 have aired their regular season games on the Diamond owned and Bally's-branded regional sports network, which was previously under the Fox Sports banner. He added the Suns and Diamond must come to a consensual agreement and find an appraiser to move the process forward. However, the judge found that the Suns moved too quickly to announce the deal in late April without proper communication with Diamond Sports.

☆ Hulu content will be added to Disney+ to create a 'one app experience,' Iger says
▼ + stars: | 2023-05-10 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Disney said Wednesday it would add Hulu content to its Disney+ streaming app, while also announcing it would raise the price of its ad-free streaming service later this year. CEO Bob Iger said the company would soon begin offering a "one app experience" in the U.S. that incorporates Hulu content into its flagship streaming service, Disney+. Iger attributed the move toward a one-app location for both Disney+ and Hulu content to the "advertising potential for the combined platform." While Hulu has long offered an ad-supported option for subscribers, Disney+ launched the cheaper tier last year. Disney owns 66% of Hulu at the moment, while Comcast owns the rest.

☆ Fox posts quarterly loss on Dominion settlement despite boost from Super Bowl, Tubi
▼ + stars: | 2023-05-09 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

The News Corporation headquarters, which is also home to Fox News, stands in Manhattan on April 18, 2023 in New York City. Fox Corp. reported a quarterly net loss on Tuesday due to the costs related to its settlement with Dominion Voting Systems, despite revenue that was lifted by the Super Bowl and its fast ad-supported streaming service Tubi. Fox notched $4.08 billion in quarterly revenue, up 18% from the same period last year. The company also saw a boost after airing more NFL games during the season and from increased viewership for Tubi. Fox is the top-rated cable news channel, even as prime-time ratings in Carlson's slot have slid since his departure.

Tucker Carlson is back – on Twitter. Carlson was abruptly fired from his prime time post at Fox News weeks ago, shortly after the network paid a settlement to Dominion Voting Systems in its defamation lawsuit. In a three minute video posted to Twitter, Carlson berated the mainstream media allegedly lying to the public. Carlson added that Twitter "is not a partisan site." That Monday Fox said in a statement "FOX News Media and Tucker Carlson have agreed to part ways.

☆ Phoenix Suns and Mercury to move games from cable to local network and streaming
▼ + stars: | 2023-04-28 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +3 min

A general view during the second half in Game Two of the NBA Finals between the Milwaukee Bucks and the Phoenix Suns at Phoenix Suns Arena on July 08, 2021 in Phoenix, Arizona. The NBA's Phoenix Suns and the WNBA's Phoenix Mercury reached a deal with broadcast station owner Gray Television to air the entirety of their regular seasons on local broadcast networks available throughout Arizona. Regular season games for the Suns were previously available on Diamond Sports' Bally Sports Arizona channel. Bally Sports Arizona also airs the NHL's Arizona Coyotes and MLB's Arizona Diamondbacks regular season games. Overall, Gray and Kiswe will carry the Suns games for five years, while the deal with three-time WNBA champion Mercury runs for two years.

☆ Comcast beats estimates despite slowing broadband growth, higher Peacock losses
▼ + stars: | 2023-04-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Comcast topped analyst expectations with its first quarter earnings report Thursday, despite the cable and media giant's residential broadband business's slowing growth and mounting Peacock losses. Still, it was a sign that Comcast, like its peers, continue to face slowing growth in the broadband business. Cable TV customers continued their exodus from the traditional bundle, with Comcast losing 614,000 subscribers during the quarter. Comcast said Peacock subscribers grew more than 60% year-over-year to 22 million, and revenue was up 45% to $685 million. Peacock had $704 million in losses, up from losses of $456 million in the same period last year.

☆ Tucker Carlson breaks his silence without addressing why Fox News fired him
▼ + stars: | 2023-04-26 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Tucker Carlson broke his silence on Wednesday night, two days after his unceremonious exit from Fox News. On Monday, Fox News fired Carlson, noting his last show aired on Friday. "FOX News Media and Tucker Carlson have agreed to part ways," the company said in a statement Monday. Vulgar private messages about his colleagues pushed Fox leadership toward letting go Carlson, The Wall Street Journal reported. Executives at Fox found out about the messages on the eve of the trial, according to The New York Times.

☆ Tucker Carlson leaves Fox News in wake of Dominion defamation settlement
▼ + stars: | 2023-04-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

Right-wing prime-time host Tucker Carlson is leaving Fox News immediately, the cable network announced Monday. "FOX News Media and Tucker Carlson have agreed to part ways," the company said in a statement Monday. Carlson's program, "Tucker Carlson Tonight," has long been one of Fox's top rated programs. Carlson, 53, was among the Fox hosts and executives who were questioned as part of the Dominion lawsuit. While the Dominion lawsuit was unlikely to affect Fox's business, it was unclear the toll it would take on its programming and hosts.

☆ Disney begins second, larger round of layoffs, bringing total to 4,000 jobs cut
▼ + stars: | 2023-04-24 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +2 min

Disney began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed. Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part of a larger reorganization of the company that will see it cut costs by $5.5 billion. Disney notified employees of a first wave of layoffs on March 27, which saw cuts in its metaverse strategies unit and part of its Beijing office. The second round, which will be completed Thursday, will affect various divisions across the company, including Disney Entertainment and ESPN, as well as Disney Parks, Experiences and Products. Disney has previously said it doesn't expect layoffs to affect its hourly workers at its parks and resorts.

Jeff Shell left his role as NBCUniversal CEO on Sunday after he admitted an "inappropriate relationship" with a woman in the comany, corporate parent Comcast announced. The complaint was filed by the woman with whom Shell said he had an "inappropriate relationship," according to people familiar with the matter. Roberts will also get more involved with the NBCUniversal business alongside Cavanagh, the person said. He oversaw the company's theme parks, its Peacock streaming service, sports production operations, television stations group, and entertainment and news television networks like NBC News. Before taking the helm as CEO, Shell was chairman of NBCUniversal Film and Entertainment.

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