Business

“The explosion of original content globally is creating an opportunity for new, innovative and diverse ways to engage audiences beyond the series itself,” says Katie O’Connell Marsh about the creation of Platform One. John Malone’s international cable operator Liberty Global and private equity group TPG’s TPG Growth on Monday unveiled a new production and distribution
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The partners, who have so far worked with Sky and ABC, respectively, say the editorial and news gathering deal will “significantly enhance” their global reporting capabilities. CBS News and BBC News on Thursday unveiled an editorial and news gathering partnership that they said would “significantly enhance the global reporting capabilities” of both organizations. The announcement
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The line starts at $1,195. The Red camera company is getting into the smartphone business. On Thursday morning it announced on its website the Hydrogen One, a smartphone that operates on Android OS, with an “Aluminum” model priced at $1,195 and “Titanium” model for $1,595. Since Red makes professional digital cinema cameras — recently used
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Jay-Z’s former collaborator threatens to break his deal with the streaming service following a financial dispute. Just as Jay Z’s exclusive Tidal album 4:44 was certified platinum four days after its release, it appears there may be rancor among at least one of the streaming service’s artist-owners. Reports surfaced over the holiday weekend that Kanye
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Despite SoundCloud’s relentless attempts to remain independent, recent losses force huge layoffs and bigger companies looking to purchase. SoundCloud laid off 173 staffers, or approximately 40 percent of its workforce, and consolidated its operations into offices in Berlin, where the streaming service is headquartered, and New York, closing its London outpost. The move comes amid
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John Malone’s Liberty Interactive will consolidate the two home shopping powerhouses, with CEO Greg Maffei saying the deal will “enhance QVC’s position as the leading global video e-commerce retailer.” John Malone’s Liberty Interactive, which already owns home shopping powerhouse QVC, has agreed to acquire the 62 percent of HSN Inc. that it doesn’t own yet.
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The incident puts further pressure on the conglomerate’s film studio Le Vision Pictures, which co-produced Matt Damon’s ‘The Great Wall’ and owns a joint venture with former Paramount president Adam Goodman. Troubled Chinese conglomerate LeEco, the parent company of Le Vision Pictures, was plunged deeper into crisis on Tuesday after a Shanghai court froze $182
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“The European Commission’s action could create a pro-Google, ‘circle the wagons’ mindset among Team Trump,” said one Wall Street observer. The European Union last week issued a record 2.4 billion euro ($2.7 billion) fine against online giant Google, arguing it has been skewing search results, favoring its own shopping search service over competitors’ offers. “What
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At $198 million and slowing dramatically, the last Michael Bay-directed installment in the robot franchise won’t come close to matching its predecessor’s big $330 million China total in 2014. Transformers: The Last Knight continued its precipitous decline at the Chinese box office over the weekend, earning just $30.5 million from Friday to Sunday, a 75
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The studio no longer plans to distribute original videos through its owned-and-operated social platforms as it sets its sights on selling more efficiently to digital and traditional buyers. New Form Digital, the three-year-old studio established by Discovery Communications in partnership with Brian Grazer and Ron Howard, is laying off a small number of staff as
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In the first half of the year, the sector seemingly at war with the president is underperforming the broader markets. Stocks have thus far thrived in the era of President Trump, but one sector is lagging: entertainment media. In the first half of 2017, the S&P 500 is up 8.2 percent, but five of the
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The subject dominated talk radio, where most conservatives criticized the president for “inappropriate” tweets about Mika Brzezinski. Sean Hannity bucked a media trend Thursday by mostly sticking up for President Donald Trump after he was roundly criticized for his infamous tweets about MSNBC’s Mika Brzezinski and Joe Scarborough. “This is the same show that called
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