AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant’s remaining ties to the entertainment industry. AT&T said Monday in a filing with the Securities and Exchange Commission that it will receive payments from TPG and DirecTV for its remaining 70% stake in the … Read more
LOS ANGELES — After striking for over a month, video game performers have reached agreements with 80 games that have signed interim or tiered budget agreements with the performers’ union and accepted the artificial intelligence provisions they have been seeking. Members of the Screen Actors Guild-American Federation of Television and Radio Artists began striking in … Read more
LOS ANGELES — Every day, millions of people use Spotify to stream music. A few years ago, it would’ve felt like an impossibility: Click, and bam — a seemingly endless catalog of recorded music opens up, right at your fingertips. Streaming now accounts for most of the money generated by the music industry — a … Read more
BRISTOL, Conn. — ESPN is looking at using artificial intelligence to create personalized “SportsCenter” shows for subscribers to its Flagship streaming service that is expected to launch in fall 2025, the network’s chief executive said Wednesday. The idea is one of several in the works that were discussed at a news conference by ESPN Chairman … Read more
NEW YORK — Leonard Riggio, a brash, self-styled underdog who transformed the publishing industry by building Barnes & Noble into the country’s most powerful bookseller before his company was overtaken by the rise of Amazon.com, has died at age 83. Riggio died Tuesday “following a valiant battle with Alzheimer’s disease,” according to a statement issued … Read more
Morgan Stanley Executive Chairman James Gorman will lead Disney’s search for a successor to Bob Iger, two years after the company’s longtime leader came out of retirement following a rocky transition to his hand-picked replacement. Iger returned in 2022 after a period of clashes, missteps and a weakening financial performance at Disney under his chosen … Read more
Warner Bros. Discovery has sued the NBA after the league did not accept the company’s matching offer for one of the packages in its upcoming 11-year media rights deal. The lawsuit was filed on Friday in New York state court in Manhattan. WBD, the parent company of TNT Sports, is seeking a judgement that it … Read more
Turner Sports intends to continue its longtime relationship with the NBA. Warner Bros. Discovery informed the league Monday that it will match the $1.8 billion per year offer by Amazon Prime Video. Turner has had an NBA package since 1984 and games have been on TNT since the network launched in 1988. “We have reviewed … Read more
NEW YORK — Weeks after being let go as the publisher of Alfred A. Knopf, Reagan Arthur is returning to her former employer, Hachette Book Group, as a senior executive who will edit authors from across the company and head her own imprint. Arthur, who will have the title of senior vice president/publisher, begins her … Read more
National Amusements, which owns a majority voting stake in the embattled entertainment giant Paramount Global, says it has ended talks on a possible merger of Paramount with movie production company Skydance Media NEW YORK — National Amusements, which owns a majority voting stake in embattled entertainment giant Paramount Global, said Tuesday that it has ended … Read more
