Due in part to the merger with Paramount, WBD loses $2.9 billion
Warner Bros Discovery reported a loss of approximately $2.9 billion in its first fiscal quarter, largely due to its merger...
Entertainment
The FCC demands a thorough examination of foreign investment in the Warner Bros. acquisition
On Tuesday, the lone Democrat on the Federal Communications Commission (FCC) demanded that foreign ownership stakes in the proposed Paramount...
GameStop places a daring $56 billion wager on eBay
GameStop proposed on Sunday to buy eBay Inc. for about $56 billion in a cash-and-stock deal. With CEO Ryan Cohen...
Warner Bros. Shareholders Back $110 Billion Merger with Paramount-Skydance
Warner Bros. Discovery shareholders on Thursday backed the company's proposed $110 billion merger with Paramount Skydance, but cast an advisory...
After the Warner Bros. debacle, Netflix expanded its share repurchase plan by $25 billion
Netflix announced this Thursday that its board of directors has authorized an additional share repurchase program worth $25 billion, thereby...
A $3 billion minority share is being negotiated by OnlyFans
Weeks after its reclusive owner, Leonid Radvinsky, passed away, a number of media outlets reported on Friday morning that OnlyFans...
The CEO and founder of Netflix, Reed Hastings, is departing the organization
As the firm recovers from losing the bid to acquire Warner Bros. Discovery, Netflix CEO Reed Hastings is leaving the...
In the first quarter, Netflix’s revenue increased by 16%
Netflix surpassed predictions and forecasts of $12.1 billion in revenue and $0.76 per share in the first quarter. Reporting revenue...
After its deal for Warner Bros. Discovery failed, Netflix will turn its attention back to content and advertising
When Netflix releases its quarterly earnings on Thursday—the streaming behemoth's first results since its unsuccessful bid for Warner Bros. Discovery—investors...
A U.S. jury concludes that Live Nation and Ticketmaster are monopolistic
A federal jury in the United States found that Live Nation and its subsidiary Ticketmaster operate as a monopoly in...
