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The Latest Breaking News on Media

News Corp flags potential Foxtel buyer, rise in revenue

Foxtel could change hands with owner News Corp revealing a potential suitor for the pay-TV operator along with a rise in revenue for the American conglomerate.

AAP

Paramount Reports $5.4 Billion Loss As It Writes Down the Value of its Cable Networks

Direct-to-consumer business shows $26 million profit

Multichannel News

Kesha Brushes Her Teeth With a Bottle of Jack to Celebrate 15 Years of "Tik Tok"—on TikTok

"Absolutely iconic behavior."

Marie Claire

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read the most diverse news in one place.

Disney posts profit on streaming for first time but warns of downturn in theme park visits

Disney’s streaming profit comes after a series of subscription price hikes

The Independent UK

Disney Could Owe an Additional $5 Billion for Hulu if 3rd-Party Appraisal Jibes with NBCU's Valuation

Disney offers update on the arbitration process in its latest 10-Q filing

Broadcasting & Cable

Disney Reports Streaming Profit, Price Hikes to Come

Walt Disney stock is trading lower despite the entertainment giant's beat-and-raise quarter and announcement of price hikes. Here's what you need to know.

Kiplinger

Disney Beats Quarterly Revenue Estimates, Turns Streaming Profit

Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, while its theme parks came under pressure.

International Business Times

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Disney Reports $2.6 Billion Net Income as Streaming Turns Profitable in Q3

Revenues rose 4%

Multichannel News

Disney+ prices being hiked up again – the honeymoon period for streaming is surely over

Disney announces a new price rise in the US, with other regions tipped to follow.

Disney Plus, ESPN Plus, and Hulu are all getting a price increase — here's how much they'll cost

Disney Plus, ESPN, and Hulu will cost more starting in October. Here's how bad they'll hit your wallet.

Tom’s Guide

Fubo Loses 61,000 Subscribers But Reduces Losses in Fourth Quarter

Revenue grow 25%

Broadcasting & Cable

Daniel Ek has made more money from Spotify in a year than Taylor Swift has, like, ever

His earnings over a 12-month period are reported to be equivalent to 115 billion streams

MusicRadar

Disney Says Upfront Sales Were Up 5% to Record Levels

40% of commitments go to addressable inventory

Multichannel News

Spotify U-turn sees must-have feature return for free

Spotify has scrapped making you pay for something you've previously enjoyed at no extra cost.

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The Independent UK

Venu Sports may be available for $42.99 per month with its planned launch targeted for fall

Venu Sports — the sports streaming platform planned by ESPN, Fox and Warner Bros

Multichannel News

Comscore Clients Get Access to Comcast’s Signal Authentication

Advertisers receive more accurate measurement, better identity resolution

Broadcasting & Cable

‘Apex’ Predator Feeds on Media Business Press With Apparent BusinessWire Press-Release Hoax About Rival Paramount Bid

Calling itself a 'conglomerate of financial institutions and financial services providers,’ the so-called ‘Apex Capital Trust’ convinced Bloomberg, Reuters, the Penkse Showbiz Trades and other big-name pubs that it made a rival $43 billion all-cash bid for Paramount

International Business Times

Warner Brothers Discovery Sues NBA Over Amazon Rights Deal

Warner Brothers Discovery filed a lawsuit against the NBA on Friday, claiming the US professional basketball league broke a contract by refusing a new media rights deal to accept an offer from Amazon.

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news in one place.

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The Independent UK

Parent company of TNT sues NBA for not accepting its matching offer

Warner Bros. Discovery has sued the NBA after the league did not accept the company’s matching offer for one of the packages in its upcoming 11-year media rights deal.

Sports Illustrated

Charles Barkley Rips NBA Owners in Emotional Statement After League Rejects TNT Offer

The "Inside the NBA" analyst didn't hold back.

Multichannel News

Xfinity, Now the NBA’s ‘Official TV Service,’ Won’t Replace YouTube TV as ‘Presenting Sponsor’ of the Finals, League Source Says

The deals ‘are not in conflict,’ NBA insider tells ‘Next TV’ ... meaning the Google-owned vMVPD’s logo will continue to festoon the court during championship-round games

Sports Illustrated

Here’s What Disney, NBC and Amazon Are Getting in New NBA TV Deal

Everything you need to know about how the NBA will look on all platforms beginning in 2025.

AVNetwork

Korbyt, Crestron Join Forces to Enhance the Hybrid Meeting Space

Korbyt Anywhere now integrates with Crestron AirMedia wireless presentation and conferencing systems.

The Guardian - AU

Nine newspapers staff vote for five-day strike on eve of Paris Olympics

Editorial staff from the Age, the Sydney Morning Herald, the Australian Financial Review, the Brisbane Times and WAtoday reject improved pay offer

Tom’s Guide

Spotify Deluxe — everything we know so far

A more expensive Deluxe tier is coming to Spotify and should bring improved audio quality.

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