Disney's back catalog gives it a leg up over incumbent competitors such as Netflix, which has to spend more to differentiate their service with original content, according to RBC Capital Market's Mark Mahaney.
The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts and right after the resignation of two high-profile executives- Richard Plepler, the head of HBO and David Levy, president of Turner Broadcasting. AT&T shares opened down 1.2 percent at $30.44 on the New York Stock Exchange. Robert Greenblatt, a former executive at...
The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts and right after the resignation of two high-profile executives- Richard Plepler, the head of HBO and David Levy, president of Turner Broadcasting- as AT&T aims to reinvest savings into its programming businesses. "At a time when we must shift our investment focus to...
Carolyn McCall, CEO of ITV, says 2018 was a solid year for the broadcaster on every performance metric.
Feb 10- Apollo Global Management LLC is nearing a roughly $3 billion agreement to acquire Cox Enterprises Inc's 14 regional TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in U.S. broadcasting, people familiar with the matter said on Sunday. Cox and Apollo are also discussing some joint venture agreements for...
NEW YORK, Feb 10- Apollo Global Management LLC is nearing a roughly $3 billion agreement to acquire Cox's TV stations, the biggest in a series of deals the private equity firm is lining up to become a force in U.S. broadcasting, according to sources familiar with the matter. Cox Media Group and Apollo are also discussing some joint venture agreements for Coxs...
Feb 5- Walt Disney Co reported quarterly earnings on Tuesday that handily topped Wall Street estimates thanks to a booming theme park business and growth at its ABC broadcast network as the company invests in a digital media future. Disney, whose media properties include ESPN and the Disney Channels along with ABC, is trying to transform into a digital...
Viacom announced another film production deal with Netflix through its Nickelodeon kids division, fleshing out a strategy to produce more shows and movies for others as streaming video giants battle for viewers.
Netflix's spending on content is "all wrapped up at a price-value combination that I don't think anybody can touch," former NBC Executive Tom Rogers says.
"The clock has struck midnight for Apple in terms of content," says Wedbush analyst Dan Ives.
The news arrives after Saudi Arabia asked Netflix to remove an episode of a show that was critical of Crown Prince Mohammed bin Salman.
TV audiences grew by more than 100 million viewers in less than a year.
Eleven Sports tells CNBC it is optimistic its UK operation will continue despite reports it faced closure after just four months.
Nexstar Media Group will acquire to Tribune Media, a deal which would make it the largest regional U.S. TV station operator.
Buyout firm Apollo Global Management has teamed up with regional TV station owner Northwest Broadcasting in its bid to acquire another U.S. TV station owner, Tribune Media.
Viewer interest in "The Match" between Tiger Woods and Phil Mickelson on Friday far surpassed AT&T's expectations, according to The Wall Street Journal.
British lawmakers have called on the government to curb the "threat" of internet giants to the U.K.'s public service broadcasters.
CBS said it has placed senior vice president of talent for CBS Television Studios Vincent "Vinnie" Favale on leave while it investigates allegations that he used sexual and homophobic language in the workplace.
China's taxation authorities fined A-list Chinese movie star Fan Bingbing more than $69.74 million over tax evasion, state news agency Xinhua said on Wednesday.
CBS is facing probes by both New York city and state officials tied to sexual assault and harassment accusations of its ex-chief executive Leslie Moonves.