Latest Business News
Hollywood PR Legal Brawl Erupts as Mega Firm R&CPMK Sues Defectors
The lawsuit alleges more than a dozen ex-employees left for 2PM Sharp and took confidential information on their way out. R&CPMK says it can potentially lose "untold sums in revenue" as clients leave.
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Charlie Rose Settles Sexual Harassment Suit on Eve of Trial
A trio of women claimed Rose caressed them and made unwanted sexual advances. In a statement, they said "different people could interpret the conduct in different ways."
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Streaming Services Are Pivoting to Profitability. They Are Slashing Prices For Black Friday Anyway
Disney+, Hulu, Max, Peacock and Paramount+ are offering steep discounts, even as they struggle to turn a profit in streaming.
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Lionsgate, Starz Take Next Step to Formally Separate
The 'John Wick' and 'Hunger Games' studio filed a registration with the SEC to complete a planned separation into two publicly traded companies ahead of a shareholders vote.
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CBS Countersues Sony Over ‘Jeopardy!,’ ‘Wheel of Fortune’ Licenses
The company claims Sony is using its court claim to get out of long-standing distribution deals for the game shows.
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Warner Bros. Discovery Hit With Investor Lawsuit Over Loss of NBA Rights
The lawsuit points to the company recording a $9.1 billion goodwill impairment charge related to the depreciation of its TV networks.
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Shondaland Ups Sandie Bailey and Chris DiIorio to Co-Presidents
The duo will take over for Megha Tolia, who is stepping down in December.
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Disney Agrees to $43M Deal to Settle Class Action Over Women’s Pay
The company has also agreed to hire experts to address compensation disparities impacting roughly 9,000 women who said they're being paid less than their male counterparts for similar work.
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Gavin Newsom’s Plan to Boost Hollywood Isn’t Enough. Here’s What Could Help (Guest Column)
The Governor's proposal to double the state's tax incentive program to $750 million is neither competitive nor comprehensive enough to discourage projects from relocating. And it ignores unscripted television right now.
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Neon Secures $200M Credit Facility to Expand Operations
The studio has closed the revolver with a lending consortium led by Comerica Bank, with whom it secured an earlier credit facility in 2022.
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‘Saving Private Ryan’ Actor Barry Pepper Signs With Paradigm
Pepper most recently starred opposite Sam Neill in the crime thriller feature 'Bring Him to Me.'
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The Animation Guild Reaches Tentative Deal With Studios
The negotiations with Hollywood studios and streamers, which stalled over AI, was framed as a "do-or-die" moment by union members.
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Former Netflix and Snap Ad Chief Jeremi Gorman Joining Michael Rubin’s Fanatics (Exclusive)
The veteran advertising executive will work as a senior adviser to the company, overseeing integrated brand and marketing efforts.
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When TV Ratings Finally Collide With Streaming
An industry regulator's approval opened the door for first-party streaming data to supplement traditional TV ratings. Will it make a difference?
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Fox Share of TV Use Spikes in October Thanks to NFL, Baseball Playoffs
The broadcaster moves past Netflix in Nielsen's monthly snapshot of media distributors.
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Motion Capture Workers at ‘NBA 2K’ Studio Vote to Unionize With IATSE
The Hollywood crew union has positioned this organizing drive as historic, with its international president saying the 2K workers "will inspire others in the industry to follow suit."
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