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Shares in FuboTV, which recently went public, jumped more than 20% in early trading Wednesday after the company reported better-than-expected subscriber numbers for its streaming TV packages. After the close of trading Tuesday, Fubo reported 455,000 subscribers as of September 30, up 58% from the same period in 2019…

AT&T’s efforts to unload DirecTV make the latter’s eventual combination with Dish Network all the more “inevitable,” Dish chairman Charlie Ergen said Friday. The pay-TV rabble-rouser has used that word before to describe the longtime satellite rivals, and he stipulated during a call with Wall Street analysts after Dish…

ViacomCBS CEO Bob Bakish Friday defended a strategy of licensing popular content to outside platforms even as it prepares to roll out streaming service Paramount+ in a fiercely competitive market. The company inked of series of lucrative licensing deals with Netflix and Amazon as well as WarnerMedia and NBCUniversal…

Dish Network’s Sling TV gained 203,000 subscribers in the third quarter, offsetting a decline in the company’s traditional satellite TV business. Revenue and earnings topped Wall Street expectations, reaching $4.53 billion and 86 cents a share, respectively. The company closed its acquisition of Boost Mobile in the…

ViacomCBS on Friday reported total revenue of $6.12 billion and earnings per share of 91 cents in the third quarter, exceeding Wall Street estimates but reflecting ongoing headwinds from COVID-19. Revenue dipped 9% and earnings fell 17%, though both figures exceeded analysts’ consensus forecast for earnings of 88…

Live Nation said it expects live events will be back and big next summer judging by the 86% of fans that kept their tickets for rescheduled shows. Between those tickets held for rescheduled shows and new sales "we have already sold 19 million tickets to more than four thousand concerts and festivals scheduled for…

Shares in Roku rose in after-hours trading, following an upswing during the main Thursday session, after the company released third-quarter results well above Wall Street expectations. Revenue jumped 73% from the year-ago period and profit reached 9 cents a diluted share, compared with a loss of 22 cents a share a…

UPDATED with conference call: Lionsgate revenue dipped to $745 million last quarter, down 20% from $938 million the year earlier, as OTT subscribers jumped and the shares headed higher in late trading. The stock was up nearly 4% after rising 2% for the session. Vice chairman Michael Burns insisted on a conference call…

Liberty Media CEO and SiriusXM chairman Greg Maffei said Thursday that the satellite broadcaster's star host Howard Stern, whose contract ends this year, is likely to re-up and apologized that a recently announced top management reshuffle was handled too abruptly. "I think we were surprised by the market reaction and…

Cinemark CEO Mark Zoradi said Thursday that the major exhibitor has started taking a “dynamic” approach to theatrical windows, negotiating release terms on a film-by-film basis in a concession to COVID-19. Upcoming Universal releases like The Croods 2, Let Him Go and Freaky, for example, will play in Cinemark…

Discovery's plans for an aggregated DTC offering "have come into clear focus" and it will share more details about the long-gestating initiative in early December, CEO David Zaslav promised Thursday. He didn't announce a date, but dangled a lot. "We are going to go into real detail and an extensive discussion. We will…

Major movie chain Cinemark reported a COVID-battered quarter with revenue of $35 million versus $821 million the year earlier. It swung to a loss of $148 million from a $33-million profit. As of September 30, it had 252 domestic and 15 international theaters open to limited hours, showing library content and some new…