Comcast Faces Skepticism On Wall Street As Ad Decline Accelerates, Strike Toll Mounts And Broadband Experiences Buffering

Manchester United can enter the international break with some optimism if they beat Luton Town this afternoon and supporters have backed Erik ten Hag to stick with many of those who performed well in midweek.

SAG-AFTRA President Fran Drescher and National Executive Director and Chief Negotiator Duncan Crabtree-Ireland on Friday laid out how the actors’ 118-day strike was ended and their thoughts on the deal with the AMPTP.

The actors are set to vote on the tentative agreement with the studios after the SAG-AFTRA national board approved the deal.

Disney opened a new corporate era with a mixed-to-positive batch of quarterly results, reporting better-than-expected revenue and earnings but also more than $1 billion in charges.

Cynthia Littleton Business Editor In the quarter that included the marriage of UFC and WWE under the TKO Group umbrella, Endeavor saw its Q3 revenue rise despite headwinds from Hollywood strikes and other market conditions, but operating expenses climbed even more. Endeavor’s conference call with analysts today is expected to give Wall Streeters a chance to grill company executives, including CEO Ari Emanuel and Mark Shapiro, president and chief operating officer, on the news earlier this month that Endeavor is considering “strategic alternatives” for some of its businesses.

Jennifer Maas TV Business Writer Esports company GameSquare, which recently acquired FaZe Clan, will report its third-quarter earnings Nov. 15 after the bell. In a move to connect its target Gen Z demographic with Wall Stret, in lieu of hosting the traditional conference call with investors after the results have been released, GameSquare will be livestreaming the Q&A with CEO Justin Kenna and chief innovation officer Tyler “Ninja” Blevins on Twitch.

Endeavor posted a mixed bag of third-quarter results, with its Representation division showing negative impact from the WGA and SAG-AFTRA strikes.

The Scottish Greens have defended the use of a “vile” phrase which critics believe is a call for the destruction of Israel.

Paramount Global shares fell nearly 9% midway through the trading day after veteran media analyst Jessica Reif Ehrlich delivered a harsh verdict on the stock.

Tom Sandoval isn’t ready for BravoCon this weekend!

Todd Spangler NY Digital Editor Apple‘s services segment continues to record healthy gains, increasing 16.3% for the September quarter to reach a record $22.3 billion, while it also reported a 2.8% lift in iPhone sales. Overall, Apple posted revenue of $89.50 billion (down 1%) and net income of $22.96 billion (up 11%), translating to earnings per share of $1.46, for the quarter ended Sept. 30.

UPDATED with Lachlan Murdoch comments. Fox Corp. CEO Lachlan Murdoch said his father, Rupert, “is very much involved and will be for years to come” despite stepping down from his chairman role in September.

Shares in Roku surged almost 10% in after-hours trading after the company affirmed its outlook for “positive full-year EBITDA,” meaning a return to profitability.

kicked off the highly anticipated “Live’s Halloween: The Eras Show” as Cher, and her late husband, Sonny Bono, Tuesday. The longtime “Live” host, 52, showed off her figure in a yellow and white outfit with heavy eye makeup and black wig. Consuelos, who took over hosting duties from Ryan Seacrest, wore a yellow 70s-looking shirt, which he covered with a white jacket.

Gene Maddaus Senior Media Writer Progress has been made toward ending the SAG-AFTRA strike in recent days, but “a lot” of issues are still on the table, the union’s chief negotiator said Monday morning. Duncan Crabtree-Ireland, the chief negotiator and executive director of the guild, made an appearance at the Disney picket lines. In an interview outside the studio gates, he would not hazard a guess as to when the strike will be over.

Comcast beat Wall Street estimates for third-quarter revenue and earnings despite an 8% year-over-year drop in domestic advertising.

Warner Bros. Discovery is restructuring its Global Brands, Franchises, and Experiences — overseeing worldwide consumer products, themed entertainment, franchise management and DC Comics businesses – following the departure of the division’s president Pam Lifford.

Todd Spangler NY Digital Editor Snap, parent company of Snapchat, turned in better results than Wall Street expected for the third quarter of 2023, as the company touted improvements to its ad platform. Overall, Snap posted Q3 revenue of $1.19 billion, an increase of 5%, and a net loss of $368 million (or 23 cents per share).

Gene Maddaus Senior Media Writer Four CEOs are set to return to SAG-AFTRA headquarters on Tuesday with a new offer that they hope will break the stalemate in the 102-day actors strike. Among them will be Disney’s Bob Iger, who called SAG-AFTRA’s top negotiator, Duncan Crabtree-Ireland, on Saturday to invite the actors back to the bargaining table. The CEOs — who also include David Zaslav of Warner Bros.

Gene Maddaus Senior Media Writer On the first day of the SAG-AFTRA strike in July, union president Fran Drescher was asked how long she expected it to last. “We’re set up to go six months if we have to,” Drescher said. It hasn’t been that long yet.