Business
Elon Musk’s X Files Lawsuit Against Ad Industry Coalition and CVS for ‘Massive’ Boycott
In a bold move that has sent shockwaves through the advertising industry, X has taken legal action against a coalition of major advertisers for...
Business
Warner Bros. Discovery Reports $107 Million Loss in Streaming Unit, Gains 103.3 Million Subscribers
Warner Bros. Discovery, the media conglomerate formed through the merger of WarnerMedia and Discovery Inc., recently reported a quarterly loss for its Direct-to-Consumer (DTC)...
Business
Bob Iger Outlines Disney’s Strategy to Boost Streaming Revenue
Disney has made a significant announcement, revealing that they have achieved a streaming profit for the first time. This news comes as a result...
Business
First Profit Achieved by Streaming Unit as Parks Business Struggles
Disney (DIS) reported its fiscal third-quarter results on Wednesday, revealing that its total streaming division had turned a profit for the first time. This...
Business
Sony Rejects Paramount Deal as Not Aligned with Strategy
Shari Redstone, the media mogul behind Paramount Global, has recently made a significant decision to relinquish control of the company by striking a deal...
Business
Disney’s Theme Parks Facing Issues
New York, known as the city that never sleeps, is a bustling metropolis filled with culture, history, and endless opportunities for exploration. From iconic...
Business
Disney+ Turns Profit While Theme Park Profits Decline
The Walt Disney Co. has exceeded expectations in its streaming business, turning a profit a quarter earlier than anticipated and beating Wall Street estimates...
Business
CNet Acquired, Broadcasting & Cable Ceases Operations in Media Crisis
The media industry is once again in the midst of chaos and turmoil as the year progresses. Six months after layoffs, labor unrest, and...
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