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All articles tagged with #entertainment industry

Teamsters Urge DOJ to Block Paramount-Warner Merger Without Worker Protections
business29 days ago

Teamsters Urge DOJ to Block Paramount-Warner Merger Without Worker Protections

International Brotherhood of Teamsters leaders asked the DOJ’s Antitrust Division to halt Paramount’s $111 billion merger with Warner Bros. unless enforceable protections for domestic production and labor standards are secured. Teamsters general president Sean O’Brien and motion picture chief Lindsay Dougherty argued consolidation risks jobs and local production, echoing concerns raised by the Writers Guild as the deal faces opposition from unions even as Paramount downplays likely layoffs.

via The Hollywood Reporter|
#business#doj-antitrust#entertainment-industry
Netflix Walks Away from Warner Bros. Deal, Opening Door to Ellison's Paramount Skydance Bid
business1 month ago

Netflix Walks Away from Warner Bros. Deal, Opening Door to Ellison's Paramount Skydance Bid

Netflix has pulled out of its $83 billion bid to acquire Warner Bros. Discovery after Paramount Skydance submitted a higher offer, paving the way for David Ellison’s bid to take the deal forward. Warner Bros. Discovery labeled Ellison’s offer superior, while Netflix said the transaction was no longer financially attractive. Regulators in the U.S. and Europe will scrutinize any sale, and Netflix could potentially re-enter if Paramount is blocked, though the outcome currently favors Ellison’s consolidation of HBO, CNN, and the Warner film studio under Paramount Skydance.

via The New York Times|
#business#entertainment-industry#mergers-acquisitions
Disney Names Josh D’Amaro Incoming CEO as Walden Takes Creative Lead
business2 months ago

Disney Names Josh D’Amaro Incoming CEO as Walden Takes Creative Lead

Disney’s board elected Josh D’Amaro to become Chief Executive Officer, effective March 18, 2026, succeeding Bob Iger; Dana Walden will be President and Chief Creative Officer reporting to him, with Iger as Senior Advisor through 2026. D’Amaro, a 28-year Disney veteran, chairs Disney Experiences and will oversee major expansions and strategic initiatives as part of a formal succession process overseen by the board.

via thewaltdisneycompany.com|
#business#ceo#corporate-governance
From a flat to a £6bn juggernaut: Warhammer’s tabletop empire
business2 months ago

From a flat to a £6bn juggernaut: Warhammer’s tabletop empire

Warhammer’s parent company, Games Workshop, has transformed from a mail-order hobby outfit started by three friends into a £6bn FTSE 100 business, posting 10.9% revenue growth as demand for its plastic miniatures soars. The brand leverages a loyal community, a vertically integrated supply chain, and a focus on experiential retail and IP, boosted by celebrity fans and broader pop‑culture trends. Plans for global expansion, including a Warhammer World in the US and potential film/TV projects, aim to convert niche tabletop gaming into a mainstream entertainment powerhouse.

via The Guardian|
#business#entertainment-industry#games-workshop
business3 months ago

Hollywood Unions Prepare for AI and Health Funding Challenges in Contract Talks

SAG-AFTRA is likely to push for AI performers to be as costly as human actors in upcoming negotiations, aiming to prevent studios from using AI as a cheaper alternative. The union seeks to impose financial penalties and restrictions on AI use, including training AI with members' performances, to protect actors' interests amid increasing AI integration in entertainment.

via The Hollywood Reporter|
#ai-performers#business#entertainment-industry
business5 months ago

Paramount Boosts Skydance Merger Savings and Expands TV Studio Amid Streaming Growth

Paramount's Q3 revenue missed Wall Street estimates at $6.7 billion, but the company raised its 2026 revenue and OIBDA projections, and increased its cost savings target from the Skydance merger to $3 billion. Despite a net loss and declining ad revenue, investors responded positively, and the company continues strategic dealmaking and workforce adjustments to strengthen its future.

via Deadline|
#business#cost-savings#entertainment-industry
Netflix Considers Bid for Warner Bros. Discovery Amid Market Interest
business5 months ago

Netflix Considers Bid for Warner Bros. Discovery Amid Market Interest

Warner Bros. Discovery's stock rose over 3% following reports that Netflix is exploring a bid to acquire part of the company, which is currently considering various options including a sale of its assets after a recent corporate split. Netflix has engaged an investment bank to evaluate a potential offer, which could give it control over major franchises like Harry Potter and DC Comics. The news has positively impacted Warner Bros. Discovery's stock, which has surged 111% this year, while Netflix's stock has also gained significantly, especially after a recent stock split.

via Investor's Business Daily|
#business#entertainment-industry#mergers-and-acquisitions