The widely-expected layoffs at Paramount are likely to happen a bit sooner than some have anticipated. David Ellison is set to hold his first earnings call as CEO on Nov. 10, after taking over the company back in August. That call is poised to be a big one, with Ellison and his senior leadership team expected to give their financial...

After producing the movie F1, Apple has landed on the podium for the real races of Formula 1. The tech giant has won U.S. broadcast rights to F1, making the auto racing circuits competition exclusive to streaming for the first time. Apple TV will begin showing races in the 2026 season, taking over from current rightsholder ESPN. Apple bid a...

A crisp Monday morning in Provo, Utah, and inside a nondescript corporate office park, two cheerful Crumbl employees usher a visitor into a surprisingly whimsical world. There are no conveyor belts or chocolate rivers, but the vibe is more than a little Wonka-esque: Giant prop cookies line the hallways, a butter stick the size of a park bench leans against...

We have incurred operating losses in the past, may incur operating losses in the future, and may not achieve or maintain profitability in the future. Yes, thats singling out boilerplate corporate language in the Risk Factors section of docs filed by The Los Angeles Times as it seeks investors ahead of an initial public offering that may take place in...

Canadian exhibition giant Cineplex has announced a deal to sell its digital signage business to U.S.-based Creative Realities Inc. for $70 million in cash. The sale of Cineplex Digital Media, subject to closing conditions, will help the parent company strengthen its balance sheet by reducing debt and supporting general corporate purposes, Cineplex said on Thursday. As part of the deal,...

CNN has set the details for its forthcoming premium subscription offering, which will include live streaming video and access to the news divisions library of video content, alongside complete access to CNNs digital products. CNN launched a digital paywall a year ago for much of its digital content, and that paywall is now being branded as the Basic tier. Joining...

Canal+ Group, which is led byCEO Maxime Saada and houses film production and distribution armStudioCanal, on Thursday highlighted its commitment to cinema. The French media giant said in early September that it had entered exclusive negotiations to acquire a 34 percent minority stake in UGC, one of Frances largest cinema chains, with an option to take full control of the...

Joseph Gordon-Levitt is calling California Gov. Gavin Newsom too scared to sign a bill that would have put additional regulations on artificial intelligence, specifically involving children. On Monday, Newsom vetoed legislation that would have banned companies from making AI chatbots available to people under the age of 18 unless companies could ensure the technology couldnt engage in sexual conversations or...

Warner Bros. Discovery and leading Korean studio CJ ENM have inked a multi-year strategic partnership to co-produce Korean dramas and bring CJs TVING streaming service into the HBO Max ecosystem across Asia. The agreement marks Warner Bros. Discoverys most significant commitment to date to the buzzy category of Korean content, and it underscores the ongoing drive by CJ ENM, the...

Invisible Narratives, the Adam Goodman-led content studio with a focus on the social media sphere, has signed with CAA for representation. Goodman, the one-time Paramount Pictures exec and now CEO of Invisible Narratives, is looking to expand his portfolio of creator-led IP across film, television, gaming, consumer products and other media platforms. Thats after Invisible Narratives earned breakout success expanding...

Layoffs hit NBC News Wednesday, with the network news division facing cuts ahead of Comcasts spinoff of Versant. About 150 jobs were eliminated, representing about 2 percent of the workforce of the NBC News Group. The cuts were across the News Group, without specific teams being targeted. The Versant spin will see MSNBC and CNBC separated from NBC News. NBC...

No one knew what was going on. It was late September, just days before OpenAI rolled out a new social media app for its video generator, Sora, and whispers were swirling of changes that would undercut Hollywood. A major talent agency, which learned of the upcoming news through the grapevine, wondered why its C-suite hadnt heard from the Sam Altman-led...

WNYC, New Yorks top public radio station, is launching a major fundraising initiative in the wake of the Trump administrations successful rescission of funding for public media. The initiative will include this years Stand with Public Media gala, which will honor CBS Late Show host Stephen Colbert and his wife, producer and arts advocate Evelyn McGee Colbert; New Yorker editor...