MEDIA & ENTERTAINMENT

Recent and archived news stories on: media companies, newspapers, television, digital media, entertainment industry, public relations firms, artist representation, agencies

UTA Offers $200 Million IPO to Create Gaming, Digital Media Company

United Talent Agency has priced its new special purpose acquisition company at $200 million to create a new entity focused on gaming, digital media and creator economy jobs.

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Warner Chappell Music Licenses With Products, Social Media Help Make Up for Performance Losses

Warner Music Group Corp. may be the smallest of the “Big Three” recording companies alongside Universal Music Group and Sony Music Entertainment, but it’s a designation that downtown-based publishing arm Warner Chappell Music Inc. co-Chairs Guy Moot and Carianne Marshall acknowledge with pride.

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Endeavor Sells Content Studio to South Korean Media Company for $775 Million

Endeavor Group Holdings Inc. has sold a majority stake in its content studio to South Korean media company CJ ENM.

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Warner Bros. Discovery Expects to Hit $45 Billion in Revenue by 2025

New filings with the Securities and Exchange Commission reveal details about the pending merger between WarnerMedia and Discovery Inc.

AEG Sells Staples Center Naming Rights to Crypto.com for $700M

File this one under Did Not See That Coming. On Nov. 17, Anschutz Entertainment Group, the company that owns and operates Staples Center, announced that the iconic arena — home to the Los Angeles Lakers, Clippers, Sparks and Kings — will soon be changing its name to Crypto.com Arena.

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Universal Music Teams With Authentic Brands to Manage Artist Names, Likenesses

Universal Music Group is entering into a partnership with Authentic Brands Group to acquire and manage artist and celebrity brands.

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Snap, Sony Sign Music Licensing Deal

Snap Inc. has signed a deal with Sony Music Entertainment to use the label’s music on its platform.

Demand for Content Drives LA Soundstage Development Boom

Experts agree there is one asset type, in addition to industrial, which investors are keen on now: studios.

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Music Catalog Sales Trend Up as Artists, Investors Pursue Income Streams

Music catalogs have become more valuable in recent years than ever before — and not just to the artists who created them.

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FanRally to Partner With AXS, LA Kings on Ticketless Tech Service

The people behind FanRally Inc., a ticketless software platform that enables professional and college sports teams to offer customers access to seat reservations via a monthly subscription service, are aspiring to do for sports ticketing what Spotify did for music.

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Covid Protocols Add 5% to Production Budgets

The California Film Commission has conducted a study revealing that Covid protocols added about 5% to film and TV production costs.

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Lionsgate Revenues Drop as Studio Considers Starz Spinoff

Lions Gate Entertainment Corp. reported a decline in quarterly revenue in its Q2 2022 earnings as the company considers spinning off streaming service Starz.

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Live Nation Stock Tumbles After Astroworld Concert Deaths

Just days after Live Nation Entertainment Inc. released its third-quarter 2021 earnings report, stock for the company dropped almost eight points as the market reacted to multiple deaths and widespread injuries at a concert Live Nation promoted.

Disney Streaming Subscriber Gains Slow in Fourth Quarter

Walt Disney Co. released its latest earnings report, indicating slowdowns in adding new subscribers to its centerpiece streaming service.

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September Passenger Traffic at LA-Area Airports Fell 13%

Air travel at local airports continued to slide in September with passenger counts down 13% from August as the summer travel season ended and the Delta variant continued to spread.

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