The Newhouse family is selling most of its stake in Warner Bros. Discovery, effectively winding down a partnership that has spanned decades. The family, which owns the magazine publishing giant Cond Nast, sizable stakes in Charter Communications and Reddit, as well as businesses like Ironman and TurnItIn, revealed in a securities filing Tuesday that it well sell 100 million shares...

AMC Entertainment Holdings unveiled Tuesday that it has entered a Transaction Support Agreement with key creditor groups, debt holders and certain lenders to give it more financial flexibility, resolve key litigation and allow it to focus on box office upside. The agreement reflects strong creditor support for AMCs long-term recovery and includes a comprehensive package of transactions designed to strengthen...

Three crew members who worked on Rust have settled a lawsuit over the accidental shooting of the cinematographer on the films set. In a joint document filed last week, both sides notified the court of a deal to resolve the case. Terms of the settlement werent disclosed. The lawsuit stems from an incident on Oct. 21, 2021, when an old-fashioned...

A deal to settle a lawsuit from President Trump against CBS News over its handling of a 60 Minutes interview could be close. Lawyers for both sides moved to pause all proceedings until Thursday, citing good faith and advanced settlement discussions, according to a court document filed on Monday. The move comes ahead of the merger termination deadline on July...

In an effort to cut costs during a film and TV production downturn, Los Angeles studio soundstage and real estate giant Hudson Pacific is trimming its board of directors by two members. Executives Ebs Burnough and Christy Haubegger have resigned from their roles, bringing the current board count from 10 members to 8 members, the company said on Monday. This...

The Supreme Court has agreed to consider a major challenge to the legal precedent that internet service providers are liable for piracy by their users. Such precedent has been the foundation of a yearslong campaign from music labels and production companies to curb piracy by suing the gatekeepers to the internet for turning a blind eye to users who illegally...

Meta is sizing up for another showdown with European tech regulators this week over the companys alleged violations of Europes antitrust legislation, the Digital Market Act (DMA). On Friday, the European Commission, the European Unions executive branch, warned Meta that it may start issuing daily fines, potentially amounting to more than $150 million a week, unless the Facebook and Instagram...

It came as no surprise to anyone when the Writers Guild of America Wests 2023 annual financial report showed that television and film writers earnings and employment had declined the same year that union members waged a 148-day strike against studios and streamers. But one year later, in a work stoppage-free environment, employment dipped further than their strike-era levels, even...

Tanya Simon, the daughter of the late 60 Minutes correspondent Bob Simon, has been executive-producing the newsmagazine show on an interim basis since Bill Owens shocking resignation. The current crop of 60 Minutes correspondents have been lobbying Paramount Global to make it official. On Friday, Oliver Darcys Status newsletter reported that Lesley Stahl, Scott Pelley, Bill Whitaker, Anderson Cooper, Sharyn...

In the olden days, before streaming, the end of May would mark a critical period in which studios would order new shows. Thats changed in recent years, at least in terms of the significance of that time frame. Now, theres indefinite shelf space. And against that backdrop, much of the conversation has turned to a key question: Who has greenlight...

California Gov. Gavin Newsoms plan to woo Hollywood productions back to their cultural home got the green light on Friday, with a budget bill that significantly auguments the states entertainment tax credit program passing both houses in the states legislature. The bill realized Newsoms ambitions to increase the cap on Californias film and television tax incentives from $330 million to...

U.S. President Donald Trump has called an immediate halt to trade talks with Canada to end a tariffs war over a decision by Ottawa to start collecting a digital services tax on American tech giants. We have just been informed that Canada, a very difficult Country to TRADE with has just announced that they are putting a Digital Services Tax...

Can The New York Times become a true destination for cooking videos? The venerable news outlet is betting that it can, leveraging its vast library of recipes, its in-house talent, and outside cooking creators to help it do so. NYT Cooking has become a serious destination for foodies and home cooks (the Times says its Cooking site and app tallied...