Banijay’s Parent FL Entertainment Boosts Revenue to $5.8 Billion in 2023

Shares in Truth Social parent Trump Media & Technology Group gave back most of their initial gains but still posted a strong debut on the Nasdaq, boosting the value of Donald Trump‘s majority stake.

A series of legal changes are set to take place in April.

Jem Aswad Executive Editor, Music The U.S. recorded music industry grew its revenue by 8% in 2023, reaching an all-time high of $17.1 billion and marking eight consecutive years of growth. However, there’s no question that the streaming boom of the past decade, which produced years of double-digit growth, is leveling off and the industry is reacting with layoffs and talk of a “transformational moment” in the months and years to come.

YG Entertainment has refuted reports that it spent US$30million on BLACKPINK‘s contract renewals.According to a business report released by the company on March 22, YG Entertainment had stated a KRW41.2billion (about US$30million) sum for intangible assets last year.Per Korea JoongAng Daily, this is an accounting practice commonly used by music labels in South Korea when funds are needed for contract renewals. Of note, last year YG Entertainment had secured the contract renewal of K-pop girl group BLACKPINK for group activities, following a months-long negotiation process.However, YG Entertainment has since denied that all the funds were used for that purpose, in a statement to Korea JoongAng Daily. “There were various other contract renewals as well as new contracts formed over various intellectual property,” a YG Entertainment spokesperson said.The label added that it “cannot disclose the contract details”, but noted that “the amount in question cannot be considered exclusive to BLACKPINK’s contract extension”.In the same report, Korea JoongAng Daily also noted that YG Entertainment said that it is “planning” for group activities from BLACKPINK.

Mark Sutherland The IFPI Global Music Report has long been viewed as the definitive snapshot of the international music industry’s health (or otherwise). After all, the global recorded music industry trade body’s report has chronicled both the industry’s long, painful period of physical decline and celebrated its streaming-led return to growth.But the publication of its 2024 report — launched Thursday at a press conference in London — felt like one of those years when the numbers are slightly lagging behind the real story of what’s happening in the industry.The statistics, certainly, paint an almost across-the-board picture of a business in good health.

Ed Meza @edmezavar Underscoring the growing ties between France and Taiwan in the film and television sector, French and Taiwanese producers CinéFrance, Alef One and Yoosonn Entertainment have presented two new series co-productions at Series Mania. “Fly,” co-produced by Paris-based CinéFrance and Taipei’s Yoosonn Entertainment, is a spy drama series adapted from Taiwanese author Chang Kuo-Li’s original IP that is set to shoot in France and Taiwan.

The boss of one of the world’s biggest TV distributors has predicted streamers will return to commissioning originals in bulk once they “break even.”

Cineworld Group, the world’s second largest theater circuit, said today it’s completed its executive team following the 2023 appointment of CEO Eduardo Acuna after the company emerged from bankruptcy.

CLC singer Seunghee has left long-time label CUBE Entertainment after nine years with the company.CLC’s Seunghee has been represented by CUBE Entertainment since 2015 both as a musician and actress. The company announced earlier today (March 20) that her contract with the label has since expired and has since left the company after nearly a decade with the K-pop agency.“We at CUBE Entertainment inform you that our exclusive contract with actor Oh Seung-hee, who has been with us for 9 years since March 2015, has ended,” reads the statement, which was released on the official X (formerly Twitter) account for the company’s subdivision for actors.“We express our deepest gratitude to Oh Seung-hee, who has displayed endless passion and talent as an artist under CUBE,” the label added.

Gisele Bündchen has a new daily routine. One, of course, that no longer includes her ex-husband Tom Brady.

Just like his father and uncle before him, Prince George was born at the Lindo Wing of St Mary's Hospital in Paddington.The day after he was born, the little prince made his public debut in his parents arms in front of the world's media.The couple happily chatted to the crowds and revealed everything from how George had a "good set of lungs" to how he already had more hair than Prince William. One of the most memorable moments of the appearance was the slick way Prince William strapped his baby son's car seat into the car before driving his family home to Kensington Palace.

Lisa Ann Walter wants to collaborate with Lindsay Lohan!

This Morning's Ben Shephard criticised Prince Harry for blaming his father, King Charles.The Duke of Sussex previously opened up about his mental health and compared his life growing up in the Royal Family as "a mix between The Truman Show and being in a zoo" during a podcast chat with Dax Shepard. His former Good Morning Britain co-host, Kate Garraway, commented on the situation saying that Harry has "he's put the cat among the pigeons".

Three years after Christina Applegate revealed her MS diagnosis, she’s opening up about how it’s affected her parenting.

BLACKPINK have officially joined Spotify’s ‘Billions Club’ with their hit 2020 single ‘How You Like That’.BLACKPINK’s ‘How You Like That’ crossed one billion streams earlier this week, becoming the first K-pop girl group to reach this milestone. Notably, group member Lisa had previously made it to the list in September 2023 with her viral solo song ‘Money’.The song has since been added into Spotify’s official ‘Billions Club’ playlist, alongside other hit tracks that have also surpassed one billion streams on the music platform.

Leo Barraclough International Features Editor Media and entertainment powerhouse Banijay has launched joint venture Dynamic Ally Pictures in Germany, further expanding its scripted capacity in the country. The Berlin-based production company, founded and led by “Helgoland 513” executive producers Veronica Priefer and Johannes Kunkel, is dedicated to developing, packaging and distributing scripted content for the German and international market.

Banijay Germany has taken another step into the scripted market by launching a joint venture with the executive producers behind Helgoland 513.

Kate Middleton and the Duchess of Edinburgh are very popular members of the Royal Family who are frequently referred to as 'King Charles' secret weapons'. The pair are also well-known for their close bond and are frequently seen chatting and laughing together at royal events.

Todd Spangler NY Digital Editor With American lawmakers sounding the alarm again over TikTok‘s ties to China’s communist regime, the U.S. House Energy and Commerce committee unanimously voted to approve a bill that would give China’s ByteDance 165 days to divest its ownership of TikTok — or effectively face a U.S. ban.

Todd Spangler NY Digital Editor Vince McMahon, the founder of WWE who resigned from the board of TKO Group earlier this year amid sexual assault allegations against him, filed to sell $411.95 million worth of TKO stock, according to a regulatory filing. McMahon’s sale comprised 5.35 million shares of TKO, per an SEC filing Monday. That came after he sold 8.4 million shares of Class A common stock in TKO — in sale worth $670.3 million — last November.