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☆ Netflix’s cash gun starts to whir
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, July 19 (Reuters Breakingviews) - Netflix (NFLX.O) is putting out some programming worthy of more eyeballs. But its forecast on free cash flow – once a horror flick– shows that the business is only getting stronger. The revenue outlook for the third quarter of $8.5 billion is below analysts’ estimates of $8.7 billion, according to Refinitiv. Netflix raised its outlook for free cash flow this year to at least $5 billion from approximately $3.5 billion. At a time when high interest rates make greenbacks more expensive, and competitors Walt Disney (DIS.N) and Warner Bros Discovery (WBD.O) are squirming, Netflix’s cash story is one to watch.

Persons: Reed Hastings, Walt Disney, Jennifer Saba, Gucci, Xavier Niel’s, Lauren Silva Laughlin, Sharon Lam Organizations: YORK, Reuters, Netflix, Hollywood, Warner Bros Discovery, Twitter, Xavier Niel’s GAM, Commonwealth Games, Thomson

REUTERS/Mike Blake/File PhotoLOS ANGELES, July 19 (Reuters) - Margot Robbie recalls being at a rehearsal for the upcoming "Barbie" movie and experiencing an existential crisis. "So I was like, ‘I've got to make this movie and it's the biggest movie I've ever produced, and I've got to answer to two humongous corporations and a director I really respect and actors."" Similar to Robbie's existential crisis, the "Barbie" movie follows the doll who suddenly has an existential crisis in the middle of a dance number. Even though the Barbie doll first debuted in 1959, it has taken more than 60 years for the character to get to the big screen. It's kind of for everyone," he told Reuters during the "Barbie" world premiere in Los Angeles.

Persons: Margot Robbie, Mike Blake, Robbie, ‘ I've, I've, Greta Gerwig, Barbie, Rather, Ryan Gosling, Ken, Rollo Ross, Danielle Broadway, Mary Milliken, Jamie Freed Organizations: Warner, REUTERS, Mattel, Warner Bros, Reuters, Thomson Locations: Los Angeles , California, U.S, Los Angeles

☆ Hollywood studios say they offered actors $1 billion in gains before strike
▼ + stars: | 2023-07-18 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

LOS ANGELES, July 17 (Reuters) - Major film and television studios offered Hollywood actors more than $1 billion in higher compensation and enhanced benefits before the SAG-AFTRA union called a strike last week, a group that represents media companies said on Monday. "For SAG-AFTRA to assert that we have not been responsive to the needs of its membership is disingenuous at best," the AMPTP added. The union said the studios countered with an offer of 5%. "We moved on some things, but from day one they wouldn’t meaningfully engage on the most critical issues," SAG-AFTRA said. The actors have joined members of the Writers Guild of America (WGA), which went on strike May 2 after failing to reach a deal with the AMPTP.

Persons: AFTRA, Lisa Richwine, Robert Birsel Organizations: SAG, Alliance, Television Producers, Netflix Inc, Walt Disney Co, Warner Bros Discovery, Writers Guild of America, Thomson Locations: ANGELES

☆ Goldman Sachs thinks its favorite media stock can rally more than 60% despite Hollywood strikes
▼ + stars: | 2023-07-18 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees big gains ahead for Warner Bros. Analyst Brett Feldman said Warner Bros. Companies will likely continue keeping focus on profitability in streaming with subscriber growth likely nonexistent or minimal. He said those execution catalysts are largely within the company's hands, pointing specifically to the fact that Warner Bros. Warner Bros.

Persons: Goldman Sachs, Brett Feldman, Feldman, Barbie, HBO Max, — CNBC's Michael Bloom Organizations: Warner Bros . Discovery, Guild of America, American Federation of Television, Radio Artists, Hollywood, Warner Bros, Discovery, CNN, HBO

☆ Here are Tuesday's biggest analyst calls: Apple, Alphabet, Pinterest, Netflix, Amazon, Nvidia & more
▼ + stars: | 2023-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Jefferies reiterates Apple as buy Jefferies said it's expecting a "quiet quarter" when the company reports earnings Aug. 3. Wells Fargo reiterates Netflix as overweight Wells said it's bullish heading into the company's earnings report Wednesday. Jefferies reiterates Alphabet as buy Jefferies said it's bullish heading into Alphabet earnings next week. Bank of America downgrades Lumentum to neutral from buy Bank of America called the stock an "overstated" AI beneficiary. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant is its top pick heading into earnings. "

Persons: Jefferies, it's, Wells, Truist, Piper Sandler, Dave, Buster's, Piper, Bernstein, Goldman Sachs, Goldman, Max, Roth, Uber, Roth MKM, it's bullish, Morgan Stanley, Evercore, Marvell, Williams Deutsche, Sherwin Williams, JPMorgan Organizations: Apple, Netflix, Argus, Warner Brothers Discovery, Citi, Polaris Citi, 2Q, Bank of America, Nvidia, American Express, Digital, Marvell Technology Inc, Global, Inc, Deutsche Bank, Sherwin, JPMorgan Locations: capex

LOS ANGELES, July 12 (Reuters) - HBO drama "Succession," the story of a cutthroat fight for control of a family's media empire, led the nominees for television's Emmy awards on Wednesday with 27 nods for the show's final season. Others competing for best drama included HBO's "Game of Thrones" prequel "House of the Dragon," vacation-gone-wrong story "The White Lotus and "Star Wars" series "Andor." Sarah Snook, another Roy sibling, is considered the favorite to win best drama actress. [1/5]77th Golden Globe Awards - Photo Room - Beverly Hills, California, U.S., January 5, 2020 - The cast of "Succession" poses backstage with their Best Television Series - Drama award. First-time nominees Jeremy Allen White of "The Bear" and Jason Segel of "Shrinking" are also among those who will compete for best comedy actor.

Persons: Alan Ruck, Roy, Saul, Ted Lasso, Abbott, Maisel, Barry, Dahmer, Jeffrey Dahmer, Obi, Wan, Brian Cox, Jeremy Strong, Kieran Culkin, Sarah Snook, Mike Blake, Jason Sudeikis, Jeremy Allen White, Jason Segel, Rachel Brosnahan, Quinta Brunson, Christina Applegate, Natasha Lyonne, Jenna Ortega, Brunson, Clayton Davis, Pedro Pascal, Jimmy Smits, Davis, Janelle James, Sheryl Lee Ralph, Jessica Williams, Harrison Ford, Frank Scherma, Lisa Richwine, Mark Porter, David Gregorio Our Organizations: Hollywood, HBO, Television Academy, Disney, Warner Bros Discovery, Netflix, Globe, Best, REUTERS, Apple, Twitter, Variety, Voters, Fox, Organizers, Thomson Locations: ANGELES, Beverly Hills , California, U.S

☆ Disney, WBD, and more Hollywood companies are arguing that FTC plans to make it easier for consumers to cancel subscriptions violate streamers' free speech
▼ + stars: | 2023-07-11 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

Trade orgs for Netflix, Disney, and others oppose an FTC plan to make it easier for people to cancel subscriptions. The "click to cancel" proposal comes as streamers and other businesses face rising cancellation rates. The FTC has gone after individual companies; it recently sued Amazon, alleging the etailer "tricked" people into signing up for Amazon Prime. The new rule would require companies to offer a simple mechanism for users to cancel subscriptions the same way they signed up. And entertainment trade orgs are fighting the FTC's proposal, submitting comments to the FTC ahead of its June 23 deadline for public comment.

Persons: I've Organizations: Netflix, Disney, Companies, Federal, FTC, Amazon, Amazon Prime, Deloitte, Warner Bros, Discovery, & Television Association, Paramount, Sirius XM, Entertainment Software Association, ESA, Digital Media Association, Association, Sony Pictures Entertainment, Universal Pictures

LOS ANGELES, July 6 (Reuters) - Warner Bros (WBD.O) studio on Thursday said a map in its upcoming "Barbie" movie of the South China Sea is a "child-like" drawing with no intended significance, days after Vietnam said it would ban the film over the map. Vietnam balked at a scene of the map that shows China's unilaterally claimed territory in the South China Sea, state media reported on Monday. “The map in Barbie Land is a whimsical, child-like crayon drawing," the studio said in a statement. Vietnamese authorities objected to a scene showing a map that includes the so-called nine-dash line, the newspaper said. "Barbie" is the latest movie to be banned in Vietnam for depicting China's nine-dash line, which was repudiated in an international arbitration ruling by a court in The Hague in 2016.

Persons: China's, Margot Robbie, Ryan Gosling, Warner Bros, Kien Thanh, Danielle Broadway, Lisa Richwine, Mary Milliken, Matthew Lewis Organizations: Warner Bros, Warner, Vietnam, Department of Cinema, Thomson Locations: ANGELES, South China, Vietnam, Barbie, United States, The Hague, China, Hanoi, South, Los Angeles

☆ Vietnam probes Blackpink concert organiser over South China Sea map
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

HANOI, July 6 (Reuters) - Vietnam has launched an inspection into K-pop group Blackpink's tour organiser's website, ahead of its concert in Hanoi, over criticism from fans that it shows a map of the South China Sea with disputed boundaries. Chinese organiser iME Entertainment and South Korean agency YG Entertainment (122870.KQ), which manages Blackpink, had no immediate comment. The organiser's website was inaccessible on Thursday but a cached version seen by Reuters and last updated on July 4, shows a vague nine-dash line that encompasses nearly the whole South China Sea. Vietnam and China have long had overlapping territorial claims to a potentially energy-rich stretch in the waterway. The culture ministry's move followed complaints by Vietnamese internet users who noticed the nine-dash line on the organiser's website.

Persons: Phuong Nguyen, Khanh Vu, Francesco Guarascio, Hyunsu Yim, Kanupriya Kapoor Organizations: Warner Bros, Vietnam, iME Entertainment, YG Entertainment, Reuters, Facebook, Thomson Locations: HANOI, Vietnam, Hanoi, South, South China, Korean, China, The Hague, Seoul

☆ Mission Impossible: Paramount reckoning
▼ + stars: | 2023-07-05 | by ( Jennifer Saba | ) www.reuters.com time to read: +8 min

NEW YORK, July 5 (Reuters Breakingviews) - Paramount Global’s (PARA.O) predicament is worthy of its successful “Mission: Impossible” franchise. Over the past year or so, Warren Buffett’s Berkshire Hathaway (BRKa.N) has bought and increased its stake in Paramount to about 15%. Without the funding, her closely held firm might have needed to pledge more of its Paramount stock against a loan. Streaming service Paramount+ is similar to Netflix, whose enterprise is worth 5 times next year’s estimated revenue. “Mission: Impossible Dead Reckoning Part One,” from Paramount Pictures, opens in movie theaters on July 12.

Persons: Shari Redstone, Looney, Walt Disney, Sumner, Warren Buffett’s Berkshire Hathaway, Goldman Sachs, Byron Trott, Rudolph Valentino, Mae West, Marx, Trustbusters, Martin Davis, Sumner Redstone, Simon, Schuster, Walt, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: YORK, Reuters, Paramount, Warner Bros Discovery, AT, Netflix, Apple, Comcast, Electronic Arts, MSD Partners, Viacom, Audio Communications, CBS, Nickelodeon, MTV, Time Warner, Reuters Graphics Reuters, Tiffany Network, National Football League, Fox, Amazon, MGM, U.S, Penguin Random, Walt Disney, Amusements, Paramount Global, BDT Capital Partners, “, Paramount Pictures, Thomson Locations: U.S, Gulf, Western, NAI

☆ Warner Bros Discovery to add CNN on streaming service - Bloomberg
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: 1 min

June 28 (Reuters) - Warner Bros Discovery Inc (WBD.O) is planning to add live programming from CNN to the Max streaming service later this year, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company did not immediately respond to Reuters request for comments. Reporting by Tiyashi Datta in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Tiyashi Datta, Maju Samuel Organizations: Warner Bros Discovery Inc, CNN, Max, Bloomberg, Thomson Locations: Bengaluru

Weekly orders this year now average 26 as the strike by the Writers Guild of America (WGA) halted many film and TV productions, Elyea said. Florists, caterers, costume suppliers and others have seen orders dwindle as many are still recovering from disruptions caused by COVID-19. No new talks are scheduled between major Hollywood studios and the writers, who are seeking higher pay and guardrails around the use of artificial intelligence. The strike's impact would be magnified if the SAG-AFTRA actors union also goes on strike when its contract expires on Friday. "Now, there's the writers' strike, and we're losing the movies that have been so good to us."

Persons: Pam Elyea's, Elyea, Kevin Klowden, Klowden, You've, Ross Garner, Danni Sapp, Sapp, Cristina, John Iverson, Cristina Iverson, Iverson, we're, hadn't, Lisa Richwine, Dawn Chmielewski, Danielle Broadway, Rollo Ross, Mary Milliken, Sandra Maler Organizations: Hollywood, Hire, Writers Guild of America, SAG, WGA, Milken Institute, NFP's Entertainment Group, Services, Netflix, HBO, Television Fund, Vogue, FBI, Thomson Locations: ANGELES, Los Angeles, California, United States, COVID, New Mexico, Santa Fe, Waco

☆ Warner Bros, NetEase launch 'Harry Potter: Magic Awakened' video game
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: 1 min

June 27 (Reuters) - A Warner Bros Discovery Inc (WBD.O) unit and China's NetEase Inc on Tuesday announced the worldwide launch of role-playing video game "Harry Potter: Magic Awakened". The free-to-play title will let players experience life as a student at Hogwarts, the fictional school of wizardry in the popular "Harry Potter" series of books by J.K.Rowling. Players can learn magic spells and summon "Harry Potter" characters such as Hermione Granger and Rubeus Hagrid as allies to aid in their battles. The game can be downloaded for free on iOS and Android platforms from Tuesday, the companies said. Reporting by Tiyashi Datta in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Persons: Harry Potter, J.K.Rowling, Hermione Granger, Rubeus Hagrid, Tiyashi Datta, Saumyadeb Organizations: Warner Bros Discovery Inc, Inc, Tuesday, Thomson Locations: Hogwarts, Bengaluru

☆ 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

☆ These stocks had a huge first half. Wall Street believes the rest of the year could be even better
▼ + stars: | 2023-06-21 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

While the stock market is on pace for a surprisingly big rally in the first half of the year, certain stocks have led the pack. The U.S. economy has so far dodged a recession and consumers are continuing to spend, which is underpinning Wall Street's optimism. CNBC used FactSet data to screen for stocks that meet the following criteria: Stocks included have gained more than 14% from the start of the year. Nearly 74% of analysts rate the stock as a buy, according to FactSet, while their average price targets imply 20% upside. DAL YTD mountain More than 80% of analysts covering Delta rate the stock as a buy, according to FactSet.

Persons: DAL Organizations: Federal Reserve, Nasdaq, Dow Jones Industrial, MGM Resorts, Delta Air Lines, CNBC, Warner Bros, Discovery, Warner Bros Discovery, Caesars Entertainment, MGM, Caesars, Sands, Nassau Coliseum, Alaska Air Group Locations: U.S, New York

☆ Who will be the next CEO of CNN? 12 execs who could be in the running to replace Chris Licht, according to company insiders and news veterans.
▼ + stars: | 2023-06-18 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

Warner Bros. Discovery chief David Zaslav is faced with finding another CEO for CNN after Chris Licht's exit. Just over a year after appointing Chris Licht to run CNN, Warner Bros. Discovery chief David Zaslav now faces the task of finding his replacement. He might look for a woman or person of color to bring diversity to a Warner Bros.

Persons: David Zaslav, Chris Licht's, Amy Entelis, Chris Licht, Zaslav, he's, he'll, CNN's, WBD, that's, Licht, Virginia Moseley, Eric Sherling, David Leavy, Claire Atkinson Organizations: Warner Bros . Discovery, CNN, Company, that's, Warner Bros, Discovery, Comcast

LONDON, June 16 (Reuters) - Britain's ITV (ITV.L) is "actively exploring the possible acquisition" of production company All3Media, it said on Friday after Reuters reported the broadcaster's interest. One of Britain's leading independent production companies, All3Media is owned by Warner Bros Discovery (WBD.O) and Liberty Global (LBTYA.O). Sources told Reuters in a story released on Thursday that Warner Brothers could sell its All3Media holding while Liberty Global could retain a stake in a merged entity, which would comprise ITV Studios and All3Media. Speaking generally about its finances, ITV in March said that it had accessible funds of more than 1 billion pounds, comprising cash and undrawn debt facilities. In a potential deal, ITV would combine All3Media with the Studios business it has built to offset more volatile revenue from its advertising-dependent TV channels and new ITVX streaming service.

Persons: Kate Holton, William James, David Goodman Organizations: ITV, Reuters, Warner Bros Discovery, Liberty Global, Warner Brothers, ITV Studios, Thomson

MILAN, June 14 (Reuters) - Merger and acquisition speculation has lifted shares in MFE (MFEB.MI), the late Silvio Berlusconi's TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi (VIV.PA) is widely seen as the natural buyer for MFE. This week's rally has lifted the market value of the whole of MFE to 1.8 billion euros. Any accord between Vivendi and Fininvest would require overcoming the deep distrust between the two groups after years of courtroom battles sparked by a failed 2016 TV deal. Like Fininvest, Vivendi faces a loss on any potential sale of its MFE stake given the gap between book and market prices.

Persons: Silvio Berlusconi's, Vincent Bollore, Urbano, Pier Silvio Berlusconi, Fininvest, MFE, Emilio Parodi, Valentina Za, Barbara Lewis Organizations: MILAN, Vivendi, Reuters, della Sera, U.S, Warner Bros ., VIVENDI, FININVEST, Fininvest, MFE, Thomson Locations: MFE, Urbano Cairo, Germany's ProSiebenSat, Italy, Spain, Rome, Netherlands

☆ Who will replace Chris Licht as CEO at CNN? These 12 execs could be in the running, according to company insiders and news veterans.
▼ + stars: | 2023-06-09 | by ( Lucia Moses | ) www.businessinsider.com time to read: +3 min

☆ CNN management focused on 'listening' and 'getting back to work' as the network moves on from Chris Licht
▼ + stars: | 2023-06-08 | by ( Trisha Gopal | Lucia Moses | ) www.businessinsider.com time to read: +9 min

A trio of longtime executives have taken charge at CNN following the exit of Chris Licht. There's a moment in Tim Alberta's brutal profile of CNN's now-former CEO Chris Licht where Licht awkwardly takes a jab at his predecessor Jeff Zucker. The following Monday, as Licht attempted to quell growing calls for his ouster, Licht told CNN staff: "As I read that article, I found myself thinking, CNN is not about me. Jeff Zucker and Chris Licht at an event in 2019, back when Zucker still ran CNN and Licht was the showrunner on The Late Show on CBS. If Licht was seen as mismanaging CNN's top talent, Entelis, in particular, is known to be the queen of talent.

Persons: Chris Licht, David Leavy, Amy Entelis, Tim Alberta's, CNN's, Licht, Jeff Zucker, Zucker, Donald Trump, Christiane Amanpour . Licht, Anderson Cooper, Jake Tapper, Kara Swisher, Mike Coppola, — Licht, Virginia Moseley, Eric Sherling, Wolf, David Zaslav, Zaslav, WBD, Leavy, We're, — Leavy, I'm, Kaitlan Collins, Don Lemon's, Poppy Harlow, Licht's, PATRICIA DE MELO MOREIRA, Jonathan Miller, Entelis, Peter Jennings, Ted Koppel, Anthony Bourdain, Eric Ripert, Masa Takayama, Turner, Lisa Ling's, Bell, Tapper —, CNN —, She's, — Organizations: CNN, Morning, Vox Media, CBS, ABC, Warner Bros, Warner Bros Discovery, HBO, Getty, BBC News Board, Integrated Media, CNN Worldwide, Masa Locations: Trump, Japan, America

☆ CNN staffers breathe sigh of relief after dismissal of embattled network chief. Now they wonder, what’s next?
▼ + stars: | 2023-06-08 | by ( Oliver Darcy | ) edition.cnn.com time to read: +5 min

CNN staffers don’t want the organization to be known for and consumed by a never-ending soap opera starring the C-suite. With Chris Licht’s dismissal as chairman and chief executive of CNN on Wednesday morning, staffers are aiming to get back to that mission. In recent months, David Zaslav, chief executive of CNN parent Warner Bros. The piece, in which Alberta spoke to more than 100 CNN employees, called into question Licht’s ability to lead the organization moving forward. Will the next network chief be an improvement over Licht?

Persons: don’t, Chris Licht’s, Jeff Zucker, Licht, David Zaslav, Zaslav’s, David Leavy, Tim Alberta, Zaslav, —, “, ”, ” Zaslav, “ It’s, Amy Entelis, Virginia Moseley, Eric Sherling, WBD Organizations: CNN, Employees, Warner Bros, Hudson, New Locations: Alberta, New York

☆ CNBC Daily Open: How quickly prospects change
▼ + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

Kevin Mazur | Getty Images Entertainment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. Treasury Secretary Janet Yellen told CNBC she wouldn't be surprised if more banks start to consolidate, given the increased pressures on the banking system. The bottom lineProspects — for both firms and markets — changed as quickly and suddenly as the haze engulfed New York. Smaller companies are more sensitive to economic conditions because they tend not to have the financial heft to defy a downturn.

Persons: Chris Licht, Kevin Mazur, Janet Yellen, wouldn't, Yellen, Elon Musk, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's, Russell, That's, LPL, Quincy Krosby Organizations: CNN Worldwide, Warner Bros, Madison, Garden, Getty, CNBC, Dow Jones, Treasury, Millionaires, CNBC Millionaire Survey, Warner Bros Discovery, CNN, GameStop, Big Tech, Microsoft, Google, Nvidia, Qualcomm, Nasdaq Locations: New York City, U.S, Mongolia, New York

☆ Chris Licht's tumultuous 13-month run as CEO of CNN: Layoffs, anchor drama, and that really bad Atlantic profile
▼ + stars: | 2023-06-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +10 min

Discovery CEO David Zaslav emailed staff, letting them know Licht was stepping down. On the programming side, Licht launched "CNN This Morning," with anchors Don Lemon, Poppy Harlow, and Kaitlan Collins. "It's another shit show" on top of Licht's multiplying challenges at CNN, one former employee told Insider at the time. "Having people applaud those sexual abuse comments definitely made me question my allegiance to this network," one network executive told Insider. CNN's own media reporter Oliver Darcy said Licht had "lost the room," adding that dozens of CNN staffers no longer had confidence in their leader.

Persons: Chris Licht, David Zaslav, Licht, Zaslav, He'd, Jeff Zucker, Stephen Colbert's, Joe, Licht's, WBD, —, Brian Stelter, John Harwood, Don Lemon, Poppy Harlow, Kaitlan Collins, Chris Cuomo, Nikki Haley, isn't, Lemon, Gayle King, Charles Barkley, Dana Bash —, Donald Trump, Trump, CNN's Collins, Zucker, Insider's Nich Carlson, Zaslav's, Puck's Dylan Byers, he'd, CNN's, Oliver Darcy, Anderson Cooper, Jake Tapper, Max Tani Organizations: CNN, Warner Bros, Discovery, Licht, CBS, Trump, House, Republican Party, — CNN, AP, Variety, cnn Locations: Trump

☆ CNN's Chris Licht is facing an outraged newsroom and some are wondering if he'll survive — here are 16 top execs he's counting on to help him dig out
▼ + stars: | 2023-06-07 | by ( Lucia Moses | Alison Brower | Claire Atkinson | ) www.businessinsider.com time to read: +4 min

CNN CEO Chris Licht hopes to win back his staff's trust after a damaging magazine profile of him. Discovery exec David Leavy has been dispatched to help Licht run the network. Here are the 16 key CNN deputies under Licht leading news efforts, business development, and more. CNN boss Chris Licht has had the most scrutinized and toughest year of all Warner Bros. Leavy will report to Licht when he officially starts June 20, taking oversight of operations, marketing, and PR.

Persons: Chris Licht, David Leavy, Licht, Jeff Zucker, Oliver Darcy, Brian Stelter, that's, Amy Entelis, Virginia Moseley, Athan Stephanopoulos, Chris Marlin, Ted Turner's, John Malone, Donald Trump, Christiane Amanpour, He's, Kaitlan Collins, Gayle King, Charles Barkley, Barbara Starr, Ana Cabrera, Don Lemon, Nikki Haley wasn't, Lemon Organizations: CNN, Top Warner Bros, Discovery, Warner Bros, CNBC, Trump, White House, CBS News, WBD Sports Locations: WBD, York

☆ Amazon plans ad tier for Prime Video streaming service - WSJ
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Amazon.com (AMZN.O) is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. The WSJ report also said Amazon was holding discussions with Warner Bros Discovery (WBD.O) and Paramount Global (PARA.O) about adding the ad-based tiers of their streaming services through Prime Video Channels. "In recent years, Prime Video has gotten more aggressive about running promos prior to its shows and including ad-filled sports broadcasts," said Ross Benes, Insider Intelligence principal analyst. Sports coverage on Prime Video already comes with ads. "Officially putting ads into Prime Video allows Amazon to centralize its audience and be more consistent with branding," Benes added.

Persons: Walt Disney, Ross Benes, Benes, Yuvraj Malik, Samrhitha, Devika Organizations: Wall Street, Netflix, Amazon, Warner Bros Discovery, Paramount Global, Paramount, Intelligence, Sports, Prime, Thomson Locations: Bengaluru

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