Tag Archives: Broadcasts

Pop stars including Taylor Swift, Adele, Billie Eilish and Elton John will soon have their music played and shared on WhatsApp. Universal Music Group, the world’s largest multinational music group representing the globe’s top recording artists, on Monday reached a multi-year licensing agreement with Mark Zuckerberg’s Meta Platforms. The deal …

Walt Disney said Wednesday it may have to pay up to $5 billion more to buy Comcast’s minority stake in Hulu if an appraiser agreed with Comcast’s assessment that the stake should be valued at more than $40 billion. . Earlier this year, Disney and Comcast hired investment bank RBC …

Warner Bros. Discovery said on Wednesday it wrote down the value of its television assets due to uncertainty over fees from cable and satellite distributors and sports rights renewals, sending its shares down nearly 10% in extended trading. The film and entertainment studio, which owns sports network TNT and streaming …

Paramount Global wrote down the value of its cable networks by nearly $6 billion and announced it would cut 15% of its jobs on Thursday, even as the company’s broadcast business reported its first quarterly profit. Paramount shares rose more than 5% in extended trading. The loss reflects a shrinking …

Cash-bleeding media giant Warner Bros. Discovery, pulled the plug on Cartoon Network’s website. The David Zaslav-led company — which on Wednesday reported a huge net loss of nearly $10 billion, driven by a stunning $9.1 billion write-down for a decline in the value of its cable TV networks — redirected …