In the final earnings report of Paramounts decades-long ownership under the Redstone family, non-executive chair Shari Redstone touted the turnaround that co-CEOs George Cheeks, Chris McCarthy and Brian Robbins have executed at the company, while thanking employees and shareholders during what has been a tumultuous period for the entire media sector. Over many years, Paramount established itself as an enduring...

Broadway producers are planning to advocate for an extension of a state tax credit program that ran out of money, with some planned tweaks, including a repayment plan for successful shows. The Broadway League, a trade association of producers and general managers, will soon be advocating for a three-year extension of the NYC Musical and Theatrical Production Tax Credit that...

Paramount will not have to face parts of a lawsuit from the cousin of a writer for Top Gun: Maverick, who alleged he co-wrote the screenplay. U.S. District Judge Jed Rakoff on Wednesday rebuffed Shaun Grays bid for court order that he was a joint author of the screenplay, which couldve entitled him to a share of profits form the...

Universal Music Group shared its second-quarter earnings on Thursday, reporting 2.98 billion euros ($3.4 billion) in revenue, a 1.6 percent growth from Q2 2024, with the company touting releases from Morgan Wallen, Japanese rock band Mrs. Green Apple and the soundtrack for KPop Demon Hunters. Growth was more apparent through the first half of 2025, up about 6.4 percent to...

The legal showdown between Michael Kassan and United Talent Agency over the MediaLink founders exit has settled. UTA and Michael Kassan have agreed to amicably end their dispute, said UTA and Sanford Michelman, a lawyer for Kassan, on Thursday. The parties are not at liberty to comment further. Terms of the agreement werent disclosed. The timing and announcement of Kassans...

European TV production giantBanijay(Peaky Blinders,Black Mirror,MasterChef,Survivor) recorded higher first-half 2025 revenue and earnings for its combined content production and distribution business Banijay Entertainment and live experiences division Banijay Live, Amsterdam stock exchange-listed parent company Banijay Group disclosed on Thursday. Combined revenue for the period rose 3 percent to 1.43 billion ($1.64 billion), supported by solid line-up of show deliveries and...

So long Dotdash Meredith, hello People Inc. Back in late 2021, Barry Dillers IAC inked a $2.7 billion deal to acquire Meredith Corp. in a blockbuster move to create a digital media powerhouse. We actually didnt really know what to call it, so out of convenience and necessity and speed, we just called it Dotdash Meredith, recalls Neil Vogel, the...

Fox Corp. is making a major investment in motorsports, acquiring a one third stake in Penske Entertainment, the company that owns the Indycar circuit and the Indianapolis Motor Speedway, which is home to the Indianapolis 500. The deal also includes a multi-year extension of Indycars media rights deal with Fox Sports. Indycar rights had previously been with NBCUniversal, but Fox...

One day after formally declining to throw her hat in the ring for California governor, Kamala Harris has unveiled her new memoir, a book following the tumultuous 107-day campaign for president in 2024. My new book is a behind-the-scenes look at my experience leading the shortest presidential campaign in modern history, Harris wrote. The tome, titled 107 Days, will be...

Comcast, led by Brian L. Roberts, reported its second-quarter 2025 earnings on Thursday morning. NBCUniversals streaming platform Peacock ended the previous quarter with 41 million subscribers; quarterly losses were $215 million. It stayed flat at 41 million subs; Peacock lost $101 million from April to June. Peacocks Q2 2025 revenue was $1.2 billion. In Q2 2024, Peacocks quarterly losses were...

Shares in software giant Microsoft jumped on Wednesday after the release of fourth quarter earnings underpinned by growth in cloud computer and artificial intelligence applications. Microsoft is a major investor in the generative AI giant and ChatGPT creator OpenAI. The tech giant saw Intelligent its Cloud segment revenue, which included for the first time revenue in dollar terms from Microsofts...

The phrase premium-large format (or PLF) couldnt sound more technical. But mention Imax and its winning streak on Wall Street and all eyes light up. That wasnt always the case. For years, Imax was best known as the giant screen housed in museums that showcased astronauts taking space walks or an African safari in stunning fashion. Now, weekend after weekend,...

NFL hall-of-famer and podcaster Shannon Sharpe is out at ESPN, just a few weeks after settling a $50 million lawsuit brought by a woman who had accused him of rape. Sharpe, who had been a regular contributor to the popular First Take morning show, had temporarily stepped aside from his duties at ESPN earlier this year after the suit was...