EXCLUSIVE: The Writers Guild and studios and streamers are set to meet again tomorrow for further talks on a new contract for scribes.
01.09.2023 - 14:25 / deadline.com
Addressing Thursday night’s carriage impasse with Disney, Charter Communications executives told Wall Street investors on a conference call today that their linear video business is “at the edge of a precipice.”
Charter CEO Chris Winfrey said any resolution to the outage, which left almost 15 million customers in the dark at the start of football season, would need to happen quickly. Otherwise, he said, Charter will take pains to preserve broadband relationships with customers who drop video service. That would reduce “the likelihood that we’re going to be willing to foist those high costs” on consumers, he said. “And so, our likelihood of being willing to do a deal decreases over time as those downgrades to video occur. And our likelihood of heading into a ‘moving on’ scenario with a completely different video product structure goes up significantly.”
“We’re at the edge of a precipice that Disney itself predicted,” CFO Jessica Fischer, perhaps alluding to comments from Disney CEO Bob Iger last September, before he returned to the company’s executive suite. Iger earlier this summer said in a CNBC interview that linear networks “may not be core” to the company, setting off speculation of private equity or other investors taking control of them and removing their troubled financials from Disney’s books.
Winfrey, who succeeded cable industry stalwart Tom Rutledge as CEO last December, said it’s the largest swath of programming to go dark on Spectrum since he joined Charter as CFO in 2010. In all, 18 networks as well as eight ABC stations are now unavailable on Spectrum, which is the No. 2 cable operator in the U.S. with 14.7 million customers. The outage is coinciding with the start of college football and soon the NFL
EXCLUSIVE: The Writers Guild and studios and streamers are set to meet again tomorrow for further talks on a new contract for scribes.
Over 140 days into the WGA’s strike, the latest resumption of talks today between the scribes and studios and steamers are leaving nothing to chance.
Disney has huge plans to expand their theme parks, according to a report from The Hollywood Reporter.
Todd Spangler NY Digital Editor Disney is planning to super-size its theme parks and cruise lines business. The Walt Disney Co.
Disney shares pulled back 2% in early trading after the media giant unveiled a comprehensive plan to double its investment in theme parks to $60 billion over the next 10 years.
BreAnna Bell Disney has responded to reports claiming the company is in early talks to sell its ABC network and TV stations, saying the company “has made no decision” on it yet. “While we are open to considering a variety of strategic options for our linear businesses, at this time The Walt Disney Company has made no decision with respect to the divestiture of ABC or any other property and any report to that effect is unfounded,” the statement reads.
Disney is pushing back on reports that the company is talking with Nexstar Media Group about a potential sale of ABC and its eight local ABC stations.
Tom Carter, a longtime former Nexstar exec who is now a senior advisor to the CEO and board of directors, says the company could acquire Disney’s local ABC TV stations with “little friction” if they become available.
EXCLUSIVE: Fran Drescher is less concerned with meeting of several showrunners with WGA leadership this week and more concerned with studios and streamers getting back to the bargaining table to make a fair deal.
Anitta has teased a new song called ‘Grip’ as part of a medley performance at this year’s MTV VMAs ceremony.The Brazilian singer-songwriter performed a trio of songs during the show, which took place at the Prudential Center in Newark, New Jersey tonight (September 12). Included in Anitta’s VMAs setlist were the tracks ‘Used to Be’ and ‘Funk Rave’, both of which are lifted from her most recent three-track EP, ‘Funk Generation: A Favela Love Story’.Anitta concluded the medley with ‘Grip’, an as-yet unreleased track that saw the singer flanked by neon-dressed dancers and pulsating choreography.
Disney CEO Bob Iger’s bombshell July comments that the linear TV business “may not be core” to the company brought a lot of anxiety for those working at any of the Disney’s linear networks.
EXCLUSIVE: The writers have turned up to the theme parks.
Lee” to the Michael Keaton-directed thriller “Knox Goes Away”) given the uncertainty about what has been agreed to. Still, buyers seem impressed with what’s available to purchase.
Gogglebox star Izzi Warner said 'it's unbelievable' as she and co-star Sophie Sandiford were flooded with messages. It followed the show's triumph at the National Television Awards.
Todd Spangler NY Digital Editor Disney is offering a significant discount on the ad-supported version of Disney+, as it looks to drive up subscribers for the package before the end of the current quarter. Starting Sept. 6 and running through Sept.
Zack Sharf Digital News Director Comments Aaron Paul made to Entertainment Tonight Canada at a recent SAG-AFTRA rally are gaining traction on social media after the Emmy winner suggested he is not seeing any money from Netflix when it comes to “Breaking Bad” residuals. Paul starred opposite Bryan Cranston on all five seasons of the acclaimed AMC drama series. Netflix is credited with greatly boosting the show’s popularity after making the first three seasons available to stream before Season 4 started airing on AMC.
California Treasurer Fiona Ma has sent letters to the CEOs of seven Hollywood studios urging a return to the bargaining table with the WGA and SAG-AFTRA to end a months-long double strike that’s shut down much of the entertainment industry and is taking a major toll on the California economy.
Disney has been hit again with another lawsuit from investors over the alleged sleight of hand accounting the company used to hide streaming losses.
ESPN is enlarging college football’s presence in movie theaters, setting a distribution agreement with Theater Sports Network for dozens of Atlantic Coast Conference games this season.
EXCLUSIVE: Nautilus, the U.K. live-action Captain Nemo series commissioned by Disney+ two years ago, is no longer headed to the streamer, Deadline has learned.