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The Latest Breaking News on Media

Paramount Global Agrees to Merge with David Ellison’s Skydance, Jeff Shell Named President

Complex deal is valued at around $8 billion and will take control over Par out of Redstone hands for the first time since 1987

Multichannel News

Tory Maguire defends Nine CEO’s trip to Greece as reporters seethe over job cuts

Nine staff ask managing director of publishing if Mike Sneesby failed to ‘face the music’ after announcing job cuts. Plus: Andrew Probyn unloads on ABC

The Guardian - AU

National Amusements Strikes Preliminary Deal To Sell Paramount Stake To Skydance Media

The proposed new deal, valued at $1.75 billion, involves Skydance acquiring National Amusements' 77% voting shares in Paramount.

International Business Times

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Executive who launched Fox and green-lit ‘The Simpsons’ explores bid to take over Paramount

Media billionaire Barry Diller once ran Paramount Pictures

The Independent UK

Supreme Court avoids ruling in battle over social media moderation

The justices punted the social media moderation cases back to the lower courts

The Independent UK

Should You Add Shopify Stock to Your Portfolio?

Shopify’s (SHOP) first-quarter results, which beat analyst expectations on top and bottom lines, were overshadowed by disappointing revenue and gross margin guidance for the current quarter. Should you consider adding this stock to your portfolio? Read more to find out….

StockNews.com

“I’m about to pull my catalog from these vultures, enough’s enough”: Is Deadmau5 about to delete Spotify?

is Deadmau5 about to pull his catalogue from Spotify?

MusicRadar

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Paramount Plus announces upcoming price hike — here's how much your subscription will cost

The price of Paramount Plus with Showtime and Paramount Plus Essential are going up starting in August. Here's what subscribers need to know.

Tom’s Guide

Spotify ditches the audiobook listening experience with a new Basic plan

After recently increasing the Premium Individual plan by $1, Spotify now brings a new plan with limitations.

Android Central

Workers sue Disney claiming they were fraudulently induced to move to Florida from California

Disney workers are suing their employer, claiming they were fraudulently induced to move from California to Florida

The Independent UK

Try Walmart Plus Free for 30 Days and Get Free Paramount Plus

Kiplinger

Disney workers told to move from LA to Florida for their job sue after company abandons new development plans

The move was intended to utilize Florida tax credits but it was a very unpopular decision with staff being asked to move from Southern California

The Independent UK

Venu Sports Announces Management Team Under CEO Pete Distad

Top hires for Disney, Fox and WBD JV include former FanDuel and Hulu exec Brian Borkowski as CMO, and ex Apple, Disney and Hulu operative Tim Connolly as chief business officer

Broadcasting & Cable

4 High-Growth Stocks Trading Above Their 50-Day Moving Average

High-growth stocks can outperform during economic expansions and add significant value to investment portfolios. Therefore, investors could consider buying high-growth stocks, Spotify Technology (SPOT), Pure Storage (PSTG), Annaly Capital Management (NLY), and Wix.com (WIX), trading above their 50-day moving averages. Keep reading….

StockNews.com

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MusicRadar

“We’re going to do it in a way where it makes sense for us and for our listeners”: Spotify Supremium is on its way

Spotify Spremium looks set to arrive by the end of this year

Spotify HiFi might be too late, there's a new HD streaming service coming for audiophiles

The firm behind MQA is moving into Hi-Res streaming with a new subscription service.

Broadcasting & Cable

With Moody's Predicted To Cut Paramount to Junk Status, Is a Government Bailout of Hollywood Really Such a Crazy Idea?

The fed has done it for auto manufacturers and banks in the past, why not one of our biggest makers of culture, (whacky) showbiz trade asks?

Salon

Disney donates to "Don't Say Gay" pols

Disney is once again donating to Republican lawmakers who had attacked it for being a "woke corporation"

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The Independent UK

With deal done, Disney will withdraw lawsuit, ending conflict with DeSantis and his appointees

Now that Disney and Florida Gov. Ron DeSantis’ appointees to a governing district have reached a deal on how Walt Disney World will be developed over the next two decades, the company plans to ask that a federal lawsuit be dismissed, ending the last piece of conflict between the two…

The Independent UK

DeSantis appointees bury the hatchet with Disney by approving new development deal

Florida Gov. Ron DeSantis’ appointees have given final approval to an agreement that buries the hatchet between Disney and the governing district for Walt Disney World

Spotify HiFi is almost ready to roll but will likely cost you more

Hi-Res streaming is reportedly coming "later this year" with a new price plan.

Tom’s Guide

Spotify’s rumored lossless audio could cost you at least $5 more a month

Lossless audio could come as a separate add-on for Spotify, and it sounds like it won't be cheap.

iMore

Spotify HiFi is finally on the way — although you'll pay more than Apple Music for the privilege

It looks like Spotify might finally release Hi-Fi streaming to its platform — although you’ll have to pay $5 more per month to listen to it.

Multichannel News

Shari Redstone’s National Amusements Says Paramount-Skydance Deal is Dead

Statement from family holding company says they were ‘not able to reach mutually acceptable terms'

Tom’s Guide

Spotify working on even more expensive premium hi-fi audio tier — what we know

Spotify is planning on releasing a new, more expensive premium plan that would bring hi-fi audio and playlist management tools to the service.

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