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The Latest Breaking News on Media

Walmart Says It Will Buy TV Maker Vizio For $2.3 Bn

Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom.

International Business Times

WMT Earnings Watch Strategy: Buy or Hold Decision?

Walmart (WMT) is all set to announce its fourth-quarter earnings tomorrow. With the retail giant's ambitious plans for expansion through acquisitions and store openings, what strategic stance should investors take with regard to the stock ahead of its earnings? Read more to find out….

StockNews.com

Apple reportedly faces €500m fine from EU over music streaming access

Brussels to issue levy after Spotify complained about block on telling users about cheaper alternatives to app store, according to FT

The Guardian - UK

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Paramount Plus and Peacock might be the next streaming platforms to merge

Two streaming services, Paramount+ and Peacock, might be joining forces to survive the streaming war.

Android Central

Paramount Global's Possible Sale Sparks Speculation on Media Merger

Learn about the potential sale of Paramount Global, one of the largest media companies in the world, amid financial challenges and media mergers.

Top News

Disney Elevates Debra OConnell To Lead ABC News, Stations and Nets

Move promotes synergy between local, national news operations

Broadcasting & Cable

How to cancel Spotify Premium – and should you?

A step-by-step guide to cancelling your Spotify Premium subscription.

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Paramount cuts 800 staff two days after Super Bowl was biggest ever TV show

Company that owns CBS, broadcaster of NFL showpiece, announces 3% reduction in global workforce

The Guardian - US

Paramount Global Set To Dismiss 800 Employees in Cost-Cutting Move

‘I am confident this is the right decision for our future,’ CEO Bob Bakish said in a memo

Multichannel News

SHOP Earnings: Buy or Watch for Smart Moves?

Canadian e-commerce company Shopify (SHOP) delivered robust growth in the last reported quarter and gave upbeat guidance for the quarter ended December 2023. With the company scheduled to release earnings tomorrow, is SHOP a smart choice today? Keep reading.

StockNews.com

Disney announces Moana 2, EPSN streaming platform and more during earnings call

Disney’s first-quarter earnings report reveals a slew of new projects in development and the surprise announcement of Moana 2.

Tom’s Guide

Disney Beats Forecasts As Streaming Struggles Improve

Disney on Wednesday reported higher than expected profit in the final three months of last year as it strives to adapt to a shift from television to streaming.

International Business Times

Cost-Cutting Gives Disney an Earnings Boost in Quarter

Core Disney Plus subs down, DTC losses decline, ESPN DTC version coming in fall 2025

Multichannel News

The overlooked Spotify feature that delivers chaotically brilliant playlists based on your friends' listening history

Spotify's Blend feature flew under the radar for me, but now I use it nearly every day.

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Motorsport

First season of “100 Days to Indy” going international with Paramount+

The docuseries, which follows various IndyCar Series drivers in the buildup to the Indianapolis 500, will begin streaming internationally on Paramount+ on Friday, Feb. 16, with the exception of Japan, which will follow on Tuesday, April 19.

Multichannel News

TV Giants Team Up for Sports Comeback vs. Streamers

Fox, ESPN, Warner Bros. Discovery will form joint venture to deliver game telecasts over the top

The Guardian - UK

Spotify swings to loss as it adds 200,000 audiobooks to paid service

Job cuts add to costs for streaming service but it gains 10m premium subscribers in fourth quarter

Top News

Universal Music CEO announces restructuring, new leadership for label operations

Universal Music CEO Lucian Grainge announces a restructuring of the operating model, with John Janick and Monte Lipman assuming greater responsibility over...

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Multichannel News

Charter Reports Video, Internet Subscriber Losses for Q4

Mobile business helps boost revenue, but stock drops on news

Latin Times

Karol G, Feid, Anitta, and J Balvin: Latin Artists Muted on TikTok Amid Universal Music Clash

The dispute over rights and compensation also impacted Taylor Swift, The Weeknd, Billie Eilish and BTS, among others

Tom’s Guide

New on Paramount Plus in February 2024 — all the new shows and movies to watch

All the movies, shows, and sports events on Paramount Plus in February 2024, including our top picks for the month.

The Guardian - UK

‘I’ll probably be OK, right?’ Musicians and users concerned as Universal music taken off TikTok

Contractual dispute between Universal Music Group and social media giant results in removal of thousands of songs, and loss of marketing clout for musicians

Reason

Disney Can't Prove DeSantis Retaliated Against It, Federal Judge Rules

Disney has vowed to appeal the ruling.

Multichannel News

Analyst: Byron Allen’s Plan To Buy Paramount, Keep Linear and Sell Studio Increases Chances of a Deal

$30 billion offer pushes Paramount B shares up 12%

Top News

Byron Allen Bids B for Paramount Global Acquisition

Byron Allen, media mogul, presents a monumental billion bid for Paramount Global, encompassing its debt, in a groundbreaking move that could reshape th...

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