Lionsgate, now without Starz results, on Thursday posted lower overall studio business revenues and a widened loss for the first quarter of fiscal 2026. The Hollywood studio, led by CEO Jon Feltheimer, during the first quarter recorded a net profit attributable to shareholders at $108.9 million, compared to a year-earlier $59.4 million loss, on overall studio business revenue falling to...

Disney and Lucasfilm have settled a lawsuit from Gina Carano, who accused the studios of discrimination and wrongful termination over her firing from The Mandalorian. In a statement, a Lucasfilm spokesperson said, With this lawsuit concluded, we look forward to identifying opportunities to work together with Ms.Caranoin the near future. We have reached an agreement with GinaCaranoto resolve the issues...

Live Nation posted $7 billion in revenue for the second quarter of 2025, a 16 percent jump from a year ago and a significant bump from the companys first quarter earnings back in May as the concert season is now in full swing. Operating income rose about 4 percent to $487 million, and global attendance for shows grew 14 percent...

For the perennial NFL sponsor Bud Light, Peyton Manning and a distinctly slapstick sense of humor appear to have brewed up a winning formula. The adult beverage brand, also one of the biggest advertisers in the U.S., is kicking off its 2025-2026 NFL campaign this week, once again turning to Peyton Manning for a sixth spot for the company. According...

In his first few minutes as the chief of the newly titled Paramount Skydance, David Ellison took the microphone and mostly deflected a bunch of questions from reporters whove followed every turn of the 13-month journey to close the $8 billion deal to take control of the studio. The message from the mogul was also: Technology is coming to Hollywood,...

The Formula One Group is thanking the Brad Pitt F1 movie for a revenue bump this quarter, as well as furthering the cultural impact of the motorsport. The company, which is owned by Liberty Media, saw a one-time revenue increase from the release of the film in late June, which contributed to the groups 40 percent rise in revenue year-over-year...

Paramount Skydance has inked new five-year employment contracts with its senior executives, including CEO David Ellison, president Jeff Shell, and chief strategy officer and COO Andrew Brandon-Gordon, in conjunction with the close of the $8 billion transaction Thursday. According to an SEC filing that included copies of the contracts, Ellison and Shell will be eligible to receive salaries of no...

Apple Cinemas has expanded its partnership with Imax by signing a deal for five premium screens with laser projection. The tech giant, as it doubles its Imax footprint in the U.S. market, plans a new premium screen in a Philadelphia multiplex set to open in 2026, another new Imax screen in an unspecified location, and laser projection upgrades for three...

Thirteen months after David Ellison and Shari Redstone hashed out an $8 billion megadeal that would shift ownership of Paramount Global from the heir of a media mogul to the heir of a tech mogul, that merger finally closed on Thursday. As the Skydance team, led by Ellison as CEO and former NBCUniversal exec Jeff Shell as president, settles in,...

Combining entertainment and technology in a new Hollywood giant is paramount for David Ellison. His Skydance Media has closed its takeover, unveiled in July 2024, of Paramount Global to form what the merger partners have called a next-generation media and technology leader, positioned to win in todays rapidly transforming media landscape. Ellison authored an open letter to shareholders, employees and...

Warner Music Group swung to a net loss of $16 million in the third quarter after reporting net income of $141 million a year earlier. The company attributed the net loss to about $9 million in expenses related to the departure of the companys CFO Bryan Castellani, an increase in restructuring and impairment charges, an increase in amortization expenses, the...

Dicks Sporting Goods is launching its own in-house entertainment studio to get closer to sports fans with original unscripted series to fuel their own athletic passions. Cookie Jar A Dream Studios, a new content and production studio to lean into unscripted sports themed series, follows the retailer using Hollywood production partners and filmmakers to tell stories through the lens of...

Warner Bros. Discovery reported Q2 earnings Thursday that were turbocharged by its studio business, even as its streaming business continued to its growth trajectory, and with linear TV still struggling in a tough environment. The company reported revenue of $9.8 billion, up modestly from the same quarter a year ago, with net income of $1.6 billion (compared to a loss...