Earnings
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Versant Shares Rise Over 7% as Fandango, GolfNow Boost Platforms Business
But the unit’s first quarter growth was overshadowed by continued declines in linear distribution and advertising, which contributed to a 22% drop in profits
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Business
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Sony Reports 8% Rise in Revenue to $19.4 Billion
The latest earnings report comes after the entertainment division laid off hundreds as it aligns around top moneymakers like Playstation
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Business
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Starz Positioned for ‘Financial Inflection Point’ in 2026 After Exit From Universal Film Output Deal
A year after its spinoff from Lionsgate, CEO Jeff Hirsch says the company is “structurally stronger” and moved up its timeline for reaching a 20% margin to the back half of 2027
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Business
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Nexstar Skips Long-Term Earnings Forecast With Tegna Deal in Legal Limbo After DirecTV, State AG Challenge
“We believe this is a fight worth having for us, for our industry and for the future of local journalism,” CEO Perry Sook told analysts
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Business
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HBO Max’s Momentum Sets Up Paramount+ Nicely as Merger Inches Closer
The streaming division saw profits rise 29% as subscribers surpassed 140 million
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Business
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Fubo Hits 5.7 Million Combined Subscribers in Q2 as Hulu + Live TV, Disney Integration Progresses
But shares fell over 10% after the company unveiled plans for a reverse stock split
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Business
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Cutting Through the Noise: Why NYT Sees Video as Its Next Battleground
The publisher also hit 13 million subscribers as it inches closer to its 15 million goal
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Journalism
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Disney Shares Rise Over 8% as Josh D’Amaro Touts Disney+ as ‘Digital Centerpiece’ in First Earnings Call
The entertainment giant’s new chief says it will invest in IP, engage consumers in more seamless ways and use AI in areas such as content creation and workforce productivity
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Business
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AMC Points to Stronger Windows, More Films and New Partnerships for Optimism
Despite posting a loss, a big jump in revenue and a strong line-up for the year has the theater chain hopeful for a strong 2026
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Business
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Paramount Focuses on Streaming Tech Transformation as WBD Deal Looms
Paramount+, Pluto TV and BET+ will launch on a unified backend this summer as the $110 billion merger remains on track to close this fall
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Business
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$190 Billion Is a ‘Rational Investment’? Why AI Spending Is Skyrocketing | Analysis
While Hollywood frets about spending a few billion dollars on content, Big Tech is dropping jaw-dropping numbers on AI
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Tech
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Sinclair CEO Calls State AG Case Against Nexstar-Tegna Merger ‘Flimsy’
Chris Ripley also warns that moving major live sporting events behind streaming paywalls “erodes” appointment viewing for audiences
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Deals & M&A
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Apple Incoming CEO John Ternus Teases ‘Incredible Roadmap’ Ahead of Fall Regime Change
The tech giant beats Wall Street expectations as iPhone sales and services see double-digit growth
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Business
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Roku Raises 2026 Outlook as Record Subscription Sign-Ups, Video Advertising Performance Fuels Growth
But the company warned it may face higher memory costs in its devices business in the second half of the year from tighter chip supply
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Business
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Amazon Braces for AI to ‘Radically Change’ Internal Operations After Laying Off 16,000 Workers
CFO Brian Olsavsky also boasts Prime Video has grown into a “larger and profitable business in its own right”
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Business
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