MEDIA & ENTERTAINMENT
WarnerMedia, Discovery to Merge in $43 Billion Deal
AT&T will spin off its WarnerMedia entertainment assets in a $43 billion deal with Discovery, creating a new publicly traded company.
LA Travel Companies Are Bouncing Back
After more than a year of canceled vacations, closed attractions and halted events, there are signs of a comeback in L.A.
Disney Revenue Falls, Streaming Growth Slows
Walt Disney Co.’s revenue slipped 13% in its fiscal second quarter as growth slowed at Disney Plus and the company’s theme parks struggled to recover.
James Murdoch Looks to Raise $300 Million in SPAC IPO
James Murdoch is looking to raise $300 million by bringing a special purpose acquisition company, Seven Islands Inc., public.
Recording Academy Names Mason as President, CEO
The Recording Academy has named Harvey Mason Jr. as its new chief executive and president, effective June 1.
Funny or Die Inc. Is Acquired by Businessman, Activist Munoz
Funny or Die Inc. has been acquired by businessman and former Democratic fundraiser Henry R. Muñoz III.
Wondery, Apple Partner for Podcast Subscriptions
Podcast network Wondery Inc., which was recently acquired by Amazon.com Inc., will partner with Apple Inc. on a podcast subscription service.
Live Nation Revenue Tumbles as Live Event Industry Recovers
Live Nation Entertainment Inc. saw revenues tumble 79% in the first quarter of 2021.
Studios Reach Deal With Cinemark on Theatrical Windows
Several major Hollywood studios have inked deals with Plano, Texas-based Cinemark Holdings Inc. to shorten theatrical release windows.
Paramount Plus to Launch in Australia, New Zealand
ViacomCBS will launch its newest streaming service, Paramount+, in Australia and New Zealand.
Virtual Concert Platform Wave Gets Investment From WMG
Venice-based virtual concert platform Wave has secured a minority investment from Warner Music Group.
Airports See Surge in Passenger, Cargo Traffic
Passenger traffic at local airports surged in March, hitting the highest level since the pandemic began while air cargo continued to soar.
Endeavor Stock Rises in Big Board Debut
Beverly Hills-based entertainment company Endeavor Group Holdings Inc. made its stock market debut on April 29.
Allen Media Acquires 7 TV Stations for $380 Million
Allen Media Broadcasting will pay Gray Television $380 million for seven broadcast TV stations.
Sony Pictures Revenue Drops 25%
Sony’s Culver City-based motion pictures division saw revenues fall 25% in fiscal 2020.
