LOS ANGELES — The sports streaming platform planned by ESPN, Fox and Warner Bros. Discovery finally has a name. The joint venture will be known as Venu (pronounced “venue”) Sports. The companies announced plans in February for the platform, which some consider to be the equivalent of Hulu for sports. “As preparations for the platform … Read more
Artists from Universal Music Group, which include Drake, Adele, Bad Bunny and Billie Eilish, will be returning to TikTok as the two parties have struck a new licensing agreement following an approximately three-month long dispute. The two sides said Thursday that they are “now working expeditiously to return music by artists represented by Universal Music … Read more
NEW YORK — Paramount Global on Monday announced that Bob Bakish is stepping down as CEO of the film, television and multimedia company. Bakish will be replaced by a troika of executives who will form a new “Office of the CEO.” The group includes George Cheeks, the CEO of CBS; Chris McCarthy, CEO of Showtime/MTV … Read more
On Thursday, it was announced that American rock band Kiss had sold their catalog, brand name and IP to Swedish company Pophouse Entertainment Group in a deal estimated to be over $300 million. They’re the latest to participate in an ongoing trend of blockbuster acts and their rights holders inking deals to sell their back-catalogs, … Read more
LOS ANGELES — LOS ANGELES (AP) — Spotify paid out $9 billion in streaming royalties last year, the streaming giant said Tuesday in its latest “Loud and Clear” report. Spotify’s fourth annual report, which originally launched in 2021 following criticism over its lack of transparency, noted record accomplishments, including the highest annual payment from any … Read more
Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products. Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. On Jan. 19, Authentic announced that it was revoking The Arena Group’s publishing license after Arena failed … Read more
HARTFORD, Conn. — Whenever bestselling author Robin Cook releases a new medical thriller, the head of the public library in West Haven, Connecticut knows demand for digital copies will be high. So will the price. Like many libraries, West Haven has been grappling with the soaring costs of e-books and audiobooks. The digital titles often … Read more
Streaming service FuboTV has filed an antitrust lawsuit against ESPN, Fox, Warner Bros. Discovery and Hulu, which are planning to launch a sports-streaming venture in the fall. The lawsuit has been filed in the Southern District of New York. FuboTV, which focuses primarily on live sports, is seeking a jury trial. The Wall Street Journal … Read more
SAN FRANCISCO — Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes. The fourth-quarter results announced Tuesday provided further evidence that Netflix was able to come … Read more
The publisher of Sports Illustrated has notified employees it is planning to lay off a significant portion — possibly all — of the outlet’s staff after its license to use the iconic brand’s name in print and digital was revoked. In an email to employees Friday morning, the Arena Group, which operates Sports Illustrated and … Read more
