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Four Paramount Global Board Members to Exit Amid M&A Talks - variety.com - county Wells - county Frederick - county Terrell
variety.com
11.04.2024 / 22:19

Four Paramount Global Board Members to Exit Amid M&A Talks

Todd Spangler NY Digital Editor Four members of Paramount Global‘s current 11 board of directors will step down, the company disclosed, coming as the company has stepped up talks with Skydance Media about an M&A deal. The four directors — Dawn Ostroff, former chief content and advertising business officer of Spotify; Nicole Seligman, former president of Sony Entertainment; Frederick Terrell, vice chairman of investment banking at Wells Fargo; and Rob Klieger, partner at Hueston Hennigan LLP, who had served as legal counsel to Sumner Redstone — will not stand for reelection at Paramount Global’s annual meeting, set for June 4.

Showtime Streaming Service Is Shutting Down at the End of April - variety.com
variety.com
11.04.2024 / 19:09

Showtime Streaming Service Is Shutting Down at the End of April

Todd Spangler NY Digital Editor After nearly nine years, Showtime‘s streaming apps are fading to black. The Showtime standalone service will be shut down on April 30, according to notices sent to subscribers. The end of Showtime’s streaming apps comes just less than a year after parent company Paramount Global integrated Showtime’s programming into the top-tier Paramount+ plan.

Disney Releases Official Vote Tallies from 2024 Shareholders Meeting, Showing 9 of Its 12 Board Candidates Each Received More Than 90% Shares Cast in Their Favor - variety.com
variety.com
09.04.2024 / 21:31

Disney Releases Official Vote Tallies from 2024 Shareholders Meeting, Showing 9 of Its 12 Board Candidates Each Received More Than 90% Shares Cast in Their Favor

Todd Spangler NY Digital Editor Disney released the official vote counts from its 2024 meeting of shareholders held April 3 — in which investors decisively defeated a campaign by activist investor Nelson Peltz to win a seat on its board. According to the votes disclosed in an SEC filing Tuesday, nine of the Disney-backed director candidates received more than 90% of the shares voted in their favor.

Paramount Stock Falters As Investors Sweat Details Of Skydance-National Amusements Talks - deadline.com - city Redbird
deadline.com
08.04.2024 / 23:05

Paramount Stock Falters As Investors Sweat Details Of Skydance-National Amusements Talks

Paramount Global‘s beleaguered stock faltered Monday as investors fretted over the ongoing talks between controlling shareholder National Amusements Inc. and Skydance Media.

Disney Games Hires Former Blizzard Exec Ray Gresko to Work With Epic, Promotes Marvel’s Jay Ong to Oversee Global Games Licensing - variety.com
variety.com
08.04.2024 / 17:59

Disney Games Hires Former Blizzard Exec Ray Gresko to Work With Epic, Promotes Marvel’s Jay Ong to Oversee Global Games Licensing

Todd Spangler NY Digital Editor Disney‘s games group has bulked up executive ranks with new hires and promotions after the announcement of its $1.5 billion investment in Epic Games and partnership to create a virtual world featuring the Mouse House’s brands and characters. Ray Gresko, formerly chief development officer at Blizzard Entertainment (who left prior to its the Microsoft acquisition of Activision Blizzard), joins the Disney Games team as senior VP, product and development.

Paramount Flies High As ‘Top Gun: Maverick’ Copyright Suit Against Studio Dismissed - deadline.com - California
deadline.com
08.04.2024 / 17:35

Paramount Flies High As ‘Top Gun: Maverick’ Copyright Suit Against Studio Dismissed

The nearly two-year old dogfight between Paramount and the family of the writer of the 1983 article that inspired the franchise is over.

Spotify Launches Test of AI-Generated Playlists Based on Text Prompts Like ‘Sad Music for Painting Dying Flowers,’ Will Block ‘Offensive’ Inputs - variety.com - Australia
variety.com
08.04.2024 / 17:21

Spotify Launches Test of AI-Generated Playlists Based on Text Prompts Like ‘Sad Music for Painting Dying Flowers,’ Will Block ‘Offensive’ Inputs

Todd Spangler NY Digital Editor Spotify already has numerous ways for listeners to find music to listen to on its platform. Now it’s adding a new AI tool that can automatically compile a playlist based on user-entered text strings. The company has launched a beta version of a feature it calls AI Playlist, available first to Spotify Premium subscribers in the U.K.

Paramount Global’s Cable Carriage Talks with Charter Could Play Key Role in Skydance Transaction - variety.com
variety.com
06.04.2024 / 04:05

Paramount Global’s Cable Carriage Talks with Charter Could Play Key Role in Skydance Transaction

Cynthia Littleton Business Editor Charter Communications is about to play a guest-star role in the corporate drama surrounding Paramount Global. As if Shari Redstone’s media empire wasn’t under enough pressure, Paramount Global now is in the final few weeks of its most recent carriage agreement with Charter, the nation’s second largest cable operator behind Comcast. The two companies are in renewal discussions, the outcome of which will have significant influence on Paramount’s ability to deliver the free cash flow that media investors are expecting from the company that has lately posted big losses on streaming operations.

Meta Seeks Dismissal of FTC’s Antitrust Lawsuit Over Instagram, WhatsApp Deals, Claiming It ‘Faces Fierce Competition From a Range of Platforms’ - variety.com - Columbia
variety.com
05.04.2024 / 19:39

Meta Seeks Dismissal of FTC’s Antitrust Lawsuit Over Instagram, WhatsApp Deals, Claiming It ‘Faces Fierce Competition From a Range of Platforms’

Todd Spangler NY Digital Editor Meta filed a motion Friday requesting the dismissal of the Federal Trade Commission’s antitrust lawsuit against the social media company — arguing the agency still hasn’t provided any basis for its litigation, which could potentially force Meta to divest Instagram and WhatsApp. In December 2020, the FTC and more than 40 state attorneys general sued the company (then called Facebook), alleging it illegally acquired competitors Instagram and WhatsApp in an abuse of its monopoly power.

Amazon Prime Video Extends WNBA Exclusive Streaming Pact for Two More Years - variety.com - Spain - China - Italy - Germany - Japan - Seattle - state Washington - Finland - state Iowa
variety.com
05.04.2024 / 14:35

Amazon Prime Video Extends WNBA Exclusive Streaming Pact for Two More Years

Todd Spangler NY Digital Editor Women’s pro hoops are coming back to Amazon‘s Prime Video for at least two more years. Prime Video and the WNBA on Friday announced a rights renewal deal under which Prime Video will continue to be the exclusive U.S. streaming partner for a package of 21 games each season, including the Championship Game of the WNBA Commissioner’s Cup.

Disney Password-Sharing Crackdown for Disney+, Hulu, ESPN+ Accounts Will Begin in June - variety.com
variety.com
05.04.2024 / 12:11

Disney Password-Sharing Crackdown for Disney+, Hulu, ESPN+ Accounts Will Begin in June

Todd Spangler NY Digital Editor Some subscribers to Disney‘s streaming services will start seeing some new messaging up this summer: Pay up for anyone outside your main household who’s illicitly piggybacking on the services — or face potentially getting disconnected. According to Disney chief Bob Iger, the Mouse House this June will “be launching our first real foray into password sharing” enforcement.

Nelson Peltz Warns He’ll Be Back If Disney Fails to Keep Its ‘Promises,’ Suggests His Firm Has Made About $1 Billion on Its Investment in the Company - variety.com
variety.com
04.04.2024 / 21:27

Nelson Peltz Warns He’ll Be Back If Disney Fails to Keep Its ‘Promises,’ Suggests His Firm Has Made About $1 Billion on Its Investment in the Company

Todd Spangler NY Digital Editor Trian Partners founder Nelson Peltz has accepted defeat — for now. Peltz, a day after the activist investor lost a costly proxy battle with Disney, went on CNBC’s “Squawk on the Street,” Thursday to discuss what happened. “The shareholders have voted.

Paramount Global Stock Surges As Skydance Looks To Seal Deal – Update - deadline.com
deadline.com
03.04.2024 / 20:11

Paramount Global Stock Surges As Skydance Looks To Seal Deal – Update

UPDATED with stock price: Shares of Paramount Global jumped more than 15% Wednesday afternoon with Skydance chief David Ellison in pole position to clinch a majority stake of National Amusements.

National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media - variety.com - New York
variety.com
03.04.2024 / 01:53

National Amusements and Paramount Global Close to Setting an Exclusive Window for Acquisition Talks with Skydance Media

Cynthia Littleton Business Editor Paramount Global and its parent company are moving closer to an agreement with Skydance Media for an exclusive window for acquisition negotiations as Shari Redstone and David Ellison inch toward a deal to bring their companies together in a three-way transaction. The New York Times on Tuesday reported on the rumors that have been swirling around Hollywood for the past few days.

Variety Lands Three Webby Award Nominations, Including for Best Entertainment Website - variety.com - New York - Michigan
variety.com
02.04.2024 / 12:31

Variety Lands Three Webby Award Nominations, Including for Best Entertainment Website

Todd Spangler NY Digital Editor The Webby Awards have announced nominations for the 2024 ceremony, recognizing excellence in internet content. Variety landed three Webby nominations, for: best website (in the general websites and mobile sites – entertainment category); 2023 Actors on Actors (in the video series and channels – entertainment category); and “I’m Not a Victim: Pamela Anderson Opens Up About Money, Abuse and the ‘Assholes’ behind Pam & Tommy,’” by Tatiana Siegel, Variety executive editor, film and media (in the websites and mobile sites’ features and design – writing category).

Former WWE CEO Vince McMahon Nets $100 Million Through Another Stock Sale - variety.com
variety.com
28.03.2024 / 22:57

Former WWE CEO Vince McMahon Nets $100 Million Through Another Stock Sale

Todd Spangler NY Digital Editor Vince McMahon, the founder and former CEO of wrestling entertainment company WWE, received about $100 million through a sale of about 3.5 million shares of TKO Group. TKO Group was formed last year through the Endeavor-led merger of UFC and WWE. Endeavor maintains a majority interest in TKO.

Sam Bankman-Fried Sentenced to 25 Years in Prison for Cryptocurrency Fraud - variety.com - New York
variety.com
28.03.2024 / 16:35

Sam Bankman-Fried Sentenced to 25 Years in Prison for Cryptocurrency Fraud

Todd Spangler NY Digital Editor Sam Bankman-Fried, the disgraced founder of the failed FTX cryptocurrency exchange, was sentenced to 25 years in prison by a federal judge Thursday. A federal jury in November 2023 convicted Bankman-Friend on seven counts of fraud and conspiracy related to the collapse of his cryptocurrency company and related hedge fund. The charges had carried a maximum prison term of 110 years.

Joe Rogan Hosted Musician Gary Clark Jr. on His Podcast — and the Blues Artist’s Streams on Spotify Shot Up 500% Among Rogan’s Listeners - variety.com - county Clark - city Gary, county Clark
variety.com
27.03.2024 / 23:05

Joe Rogan Hosted Musician Gary Clark Jr. on His Podcast — and the Blues Artist’s Streams on Spotify Shot Up 500% Among Rogan’s Listeners

Todd Spangler NY Digital Editor Joe Rogan‘s massively popular podcast not only drives millions of listens of his show on Spotify — it also can boost music streams of guests featured on “The Joe Rogan Experience,” too. One of Spotify’s theses behind its investment in podcasts is that they spur higher engagement for the music side of the house: Users who listen to podcasts on average listen to more music, according to the company. Now Spotify has new stats it says demonstrate that flywheel effect as it relates to Rogan’s show, which has more than 14 million followers on the platform.

Nelson Peltz Claims He Backs Disney CEO Bob Iger, but His Investment Firm Withheld Votes for Iger’s Election to the Board - variety.com
variety.com
25.03.2024 / 14:05

Nelson Peltz Claims He Backs Disney CEO Bob Iger, but His Investment Firm Withheld Votes for Iger’s Election to the Board

Todd Spangler NY Digital Editor UPDATED: Nelson Peltz claims Disney‘s board, not CEO Bob Iger, is the problem. But his investment firm, Trian Group, withheld its votes for Iger’s reelection to the Disney board. With just over a week before Disney’s annual shareholder meeting on April 3, Peltz’s Trian — which has been aggressively campaigning to get two seats on the Mouse House’s board — issued a new statement Monday saying the battle is not about any dispute with Iger but rather about forcing change on the board’s composition to boost the company’s financial returns.

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