Todd Spangler Ny Latest Celebrity News & Gossip

Todd Spangler NY Digital Editor As expected, TikTok filed a federal lawsuit seeking to overturn the U.S.’s new law that would force parent company ByteDance to sell the app — or face a nationwide ban. TikTok filed the lawsuit Tuesday in the U.S.

Todd Spangler NY Digital Editor Disney‘s adjusted earnings per share for the March quarter beat Wall Street forecasts — but the company’s stock price stumbled amid concerning signs for the Mouse House. Shares of Disney were down 9.5%, to $105.41 per share, as of 11:30 a.m.

Todd Spangler NY Digital Editor Tubi will give up-and-coming creatives a streaming platform — and funding — for their passion projects, with an assist from Issa Rae. The Fox Corp.-owned free, ad-supported streamer launched Stubios, which it calls “a fan-fueled studio” for aspiring filmmakers and their fans.

Todd Spangler NY Digital Editor Disney‘s entertainment streaming segment, anchored by Disney+, scored its first profitable quarter, helping offset continued weakness in the media conglomerate’s linear TV business for the first three months of 2024. Overall, Disney revenue for the quarter ended March 30 was in line with Wall Street expectations, while it beat on adjusted earnings per share.

Todd Spangler NY Digital Editor After more than a year of talks, Condé Nast management inked a new pact with hundreds of union workers at Vogue and other publications — heading off a strike and a picket line that threatened to disrupt the company’s splashy Met Gala on Monday. The two sides reached an agreement on the terms of a new contract in the early-morning hours Monday.

Todd Spangler NY Digital Editor UPADTED: After months of M&A talks, Paramount Global and controlling shareholder Shari Redstone might be going it alone after all — for now. Insiders tell Variety that the expectation at the company is that neither of the two offers in play — Skydance Media-RedBird Capital Partners and Sony Pictures Entertainment-Apollo Global Management — will come to fruition. And Redstone is said to have reluctantly concluded that a deal with David Ellison’s Skydance, a longtime partner of Paramount Pictures, will not be possible.

Todd Spangler NY Digital Editor In the latest twist in Paramount Global‘s M&A saga, Sony Pictures Entertainment and Apollo Global Management reportedly have made a bid to take Paramount private with an all-cash buyout offer of $26 billion. Sony and private-equity giant Apollo submitted an offer letter Wednesday to Paramount Global, the Wall Street Journal reported Thursday. The report comes as Paramount Global board’s special committee established to consider M&A proposals is evaluating the best and final offer from Skydance Media to merge Paramount and Skydance, while keeping Paramount Global public.

Todd Spangler NY Digital Editor Jessica Casano-Antonellis is exiting SiriusXM to join the new Disney, Fox Corp. and Warner Bros. Discovery sports-streaming venture as head of communications.

Todd Spangler NY Digital Editor SAG-AFTRA will license Nielsen‘s streaming content data, which the union will to enforce the terms of its 2023 contract with Hollywood studios. Under the deal for Nielsen’s Streaming Content Ratings, SAG-AFTRA will have “an objective source of domestic viewership data for original streaming programming,” the parties announced.

Todd Spangler NY Digital Editor A new U.S. law could effectively ban TikTok nationwide as early as January 2025 — and half of Americans are OK with that, with many citing concerns about data privacy and Chinese propaganda. A majority of Americans (56%) have an unfavorable view of TikTok, and half support a nationwide U.S.

Todd Spangler NY Digital Editor Crunchyroll, the Sony-owned anime streaming service, is raising prices for its two top tier packages in select countries — the first pricing hike in five years. The pricing is increasing for Crunchyroll’s Mega Fan and Ultimate Fan subscription tiers in select countries. “The price change reflects the increase in content on Crunchyroll in recent years, expanding its catalog to more than 45,000 episodes via 1,400 series and films,” the company said in a blog post.

Todd Spangler NY Digital Editor Internet-TV provider Fubo dropped all Warner Bros. Discovery networks from its lineup, alleging that the media company was seeking “above-market rates” and refused to license Turner Sports networks separately. In a statement Tuesday, Fubo said it attempted to renew its Discovery content agreement with WBD for networks including Discovery, HGTV, Food Network and TLC.

Todd Spangler NY Digital Editor Amazon raked in $11.82 billion in ad revenue for the first quarter of 2024, topping analyst expectations, fueled by the ecommerce giant’s move to serve advertising by default in Prime Video in multiple markets. Advertising sales for the quarter were up 24% year over year and marked a new Q1 record. The revenue beat Wall Street expectations for the quarter of $11.7 billion, according to StreetAccount.

Todd Spangler NY Digital Editor Amid Paramount Global’s removal of Bob Bakish as CEO and the ongoing uncertainty of a company sale, it was business as usual for the first quarter at the media conglomerate — which included a $1.3 billion charge for content write-offs as well as layoffs. Paramount Global reported Q1 2024 earnings Monday, announcing Bakish’s exit and the installation of an unusual three-in-a-box “Office of the CEO”: CBS’s George Cheeks, Chris McCarthy, Showtime/MTV Entertainment Studios and Paramount Media Networks, and Paramount Pictures’ Brian Robbins.

Todd Spangler NY Digital Editor Oprah Winfrey is off the board of WeightWatchers — but she’s continuing to work with the company as part of her efforts to change the cultural conversation about weight. Winfrey will host “Making The Shift: A New Way to Think About Weight,” a three-hour event on Thursday, May 9, from 6-9 p.m.

Todd Spangler NY Digital Editor The three Paramount Global executives installed to run the company after Bob Bakish was removed as CEO sought to reassure employees that they have a long-term strategy. On Monday, Paramount Global said Bakish was stepping down as CEO and leaving the board. In his place, the company established an “Office of the CEO” committee led by three divisional heads: George Cheeks, president and CEO of CBS; Chris McCarthy, president and CEO, Showtime/MTV Entertainment Studios and Paramount Media Networks; and Brian Robbins, president and CEO of Paramount Pictures and Nickelodeon.

Todd Spangler NY Digital Editor NBCUniversal is looking to wring more money out of Peacock subscribers, with the streamer set to raise prices this summer — one year after its last fee hike. Beginning in mid-July, the price for Peacock Premium (with ads) will increase by $2 to $7.99 per month and Peacock Premium Plus (mostly ad-free) is also going up by $2 to $13.99 per month. Peacock Premium’s annual price will increase from $59.99 to $79.99, while Premium Plus is going from $119.99 to $139.99 per year. The new prices will be effective starting July 18 for new Peacock customers and for existing subscribers with their next billing date on or after Aug.

Todd Spangler NY Digital Editor Anthony Wood, founder and CEO of Roku, had a pay package worth just over $20.2 million in 2023, while Roku’s media boss, Charlie Collier, received $6.8 million in salary. Wood’s compensation last year included salary of $1.2 million, stock awards worth $7.57 million and stock option awards ​valued at $11.43 million.

Todd Spangler NY Digital Editor Brian Roberts, chairman and CEO of Comcast, had a compensation package worth $35.47 million in 2023, as he saw his pay rise 11% from the year prior. Roberts, who oversees the cable giant and NBCUniversal, last year had a salary of $2.5 million, stock awards worth $15 million, stock options worth $9.2 million and a $8.55 million cash incentive bonus. In 2022, his compensation totaled about $32.1 million.

Todd Spangler NY Digital Editor The Onion has a new owner: a company called “Global Tetrahedron,” which is a real thing based on a fake entity invented by the satire site more than two decades ago. G/O Media, a private-equity backed firm that has owned The Onion since 2019, sold the site to a new Chicago-based firm called Global Tetrahedron, which is “made up of four digital media veterans with a profound love for The Onion and comedy-based content,” G/O Media CEO Jim Spanfeller said in a memo to staff Thursday. Financial terms of the deal weren’t disclosed.

Todd Spangler NY Digital Editor YouTube keeps eating up more share of the advertising pie: The Google-owned video giant posted $8.1 billion in ad sales for the first quarter of 2024, its highest Q1 total to date. The figure for YouTube ad sales, up 21% year over year, was announced as part of parent company Alphabet’s Q1 earnings. Wall Street analysts expected YouTube’s ad revenue for Q1 to come in at $7.72 billion, according to StreetAccount.

Todd Spangler NY Digital Editor Imax fans turned up in droves to see “Dune 2” on the really big screen, helping the company top analyst earnings estimates for the first quarter of 2024. Despite the sandworm bump, it was a tough compare with the year-ago period when Imax benefited from the blockbuster success of “Avatar: The Way of Water” in 2023 to deliver its highest-grossing Q1 to date.

Todd Spangler NY Digital Editor Ari Emanuel, in his capacity as CEO of TKO Group Holdings — the parent company of UFC and WWE — had a compensation package last year that hit nearly $65 million. TKO granted Emanuel, who also is CEO of Endeavor, a base salary of $911,538, plus a $24 million cash bonus and stock awards worth $40 million in 2023, per a regulatory filing by TKO. All told, the exec’s pay package totaled $64.91 million.

Todd Spangler NY Digital Editor TikTok could be banned in the U.S. as soon as January 2025. Here’s what the new law means for users of the popular short-form video app.

Todd Spangler NY Digital Editor The U.S. Senate voted Tuesday to approve a bill that would ban TikTok nationwide unless Chinese parent company ByteDance sells its stake in the popular app. The development will likely result in a court battle between the U.S.

Todd Spangler NY Digital Editor Spotify reeled in fewer new users overall than it expected in the first quarter of 2024, but the audio-streaming giant touted “record strength” in profitability. Total monthly active users (free and paid) grew 19% year over year to 615 million, a gain of 13 million from the previous quarter — which missed its guidance by 3 million. Spotify said “moderated marketing activity” led to “more normalized growth” following 2023’s record performance (when it added 26 million new MAUs in Q1).

Todd Spangler NY Digital Editor A bill that would ban TikTok — unless its Chinese parent company, ByteDance, divests its ownership stake — could soon become a U.S. law. TikTok is gearing up a legal fight against the measure if that happens, with plans to challenge it in court on First Amendment grounds.

Todd Spangler NY Digital Editor Netflix made a surprise announcement in reporting its (very good) first-quarter 2024 results this week: The streaming TV powerhouse will stop reporting quarterly subscriber figures starting in 2025. In response, Netflix shares have taken a hit: The stock is down 8.7% Friday on the news, as investors fret that the lack of visibility into the streamer’s customer numbers signals a looming slowdown in the company’s growth.

Todd Spangler NY Digital Editor A media consultant sued Chicken Soup for the Soul Entertainment, alleging he is owed “at least several million dollars” for work he did related to the company’s $370 million acquisition in 2022 of Redbox, the DVD kiosk and streaming company. Keith Knee, described in his legal complaint as an advisory and consulting services professional in the media industry, filed suit against Chicken Soup for the Soul Entertainment on Friday, April 19, in the U.S. District Court for the Southern District of New York.

Todd Spangler NY Digital Editor Netflix will no longer report subscriber numbers — which has been a key metric for streaming services for years — beginning with the first quarter of 2025. The company made the announcement in releasing its first-quarter 2024 earnings Thursday. Netflix handily topped expectations for subscribers net adds, gaining 9.33 million in the period, to reach nearly 270 million globally.

Todd Spangler NY Digital Editor Netflix co-CEO Ted Sarandos earned a bit less in 2023 than the year before — but he still had pay package worth $49.8 million. That was down from $50.3 million for Sarandos in 2022, according to Netflix’s proxy statement filed Thursday.

Todd Spangler NY Digital Editor U.S. lawmakers have moved closer to enacting a countrywide ban on TikTok. Last month, the House of Representatives passed a bill by a wide margin that would ban distribution of TikTok in U.S.

Todd Spangler NY Digital Editor TikTok says it’s going to block accounts from appearing in its algorithmically generated For You feed if they repeatedly post content that runs afoul of its updated eligibility standards. As part of a larger update to its community guidelines, TikTok is updating its For You eligibility standards.

Todd Spangler NY Digital Editor Viaplay‘s streaming service — specializing in award-winning Scandinavian series and films — is now available as an add-on subscription on Amazon‘s Prime Video Channels in the United States. Starting Wednesday, Prime members in the U.S.

Todd Spangler NY Digital Editor Wall Street is betting that Netflix‘s stream machine continued to fire on all cylinders coming into 2024. After netting a whopping 13.1 million new subs in Q4, Netflix is riding a wave of momentum that continues to be buoyed by the paid-sharing strategy, as it converts password borrowers into paying members, according to analysts.

Todd Spangler NY Digital Editor Max Cutler sold Parcast Studios, his scripted-audio entertainment start-up, to Spotify in 2019 under a deal in which Spotify ultimately paid nearly $90 million. Cutler went on to become Spotify’s VP, head of talk creator content and partnerships — inking exclusive licensing deals with podcasters including Alex Cooper, Emma Chamberlain and Markiplier, and managing the company’s partnership with “The Joe Rogan Experience” — before exiting last year. Now Cutler is back in the game with the launch of Pave Studios.