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Peacock-Netflix Streaming Bundle Launched by Verizon Ahead of Paris Olympics
Verizon continues to bundle streaming services. The telecom giant’s latest offer will bundle together yearly plans of both Peacock Premium and Netflix Premium, with users who pay for the Peacock plan getting Netflix thrown in for no extra charge. The deal, available through Verizon’s +play content hub, works like this: A customer buys a yearly […]
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J. Michael Cline, Founder of Fandango, Dies After Falling From New York Hotel
J. Michael Cline, a finance executive who founded the ticketing company Fandango, died Tuesday after falling from a high-rise hotel in New York City. He was 64. The New York Police Department told The Hollywood Reporter on Wednesday that officers responded to The Kimberly Hotel on East 50th Street at 10:19 a.m. Tuesday following 911 calls. […]
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Reality TV Filming Plummets in Los Angeles in Major Production Slowdown
Filming for reality television in the Los Angeles area experienced another significant drop in the second quarter of 2024 after a rough start to the year, belying expectations that unscripted production would accelerate amid industry contraction and belt-tightening coming out the strikes. That’s according to the latest production report from local film office FilmLA, which […]
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Musicians’ Union Pension Plan Gets More Than a Billion Dollars in Federal Funds, Avoiding Insolvency
The pension plan for the American Federation of Musicians and Employers is set to receive a $1.5 billion cash influx to save the plan from becoming insolvent. The money comes as part of the American Rescue Plan, backed by Senate Majority Leader Chuck Schumer (D-NY), which was passed in 2021. The pension plan for the […]
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Bob Iger and Willow Bay Reach Deal to Buy Angel City Football Club
Willow Bay and her husband, Disney CEO Bob Iger, have entered into a definitive agreement to own Angel City Football Club, the soccer club announced Tuesday. As had been previously reported, Bay and Iger will acquire the controlling stake in Angel City Football Club at a value of $250 million, which makes the L.A. based-team […]
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Broadway Box Office: ‘The Outsiders’ Keeps Climbing Post-Tony Awards
The Outsiders box office continued to climb in the aftermath of Tony Awards, with the musical bringing in $1.4 million for the week ended July 14. This is the fourth week in a row that the musical, which won the Tony for best musical on June 16, has broken the house record at the Bernard […]
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AMC Inks Expanded Deal With Netflix, Bringing 13 Series to Streaming Giant
AMC Networks is betting that the “Netflix Effect” can bring its magic to a sizable portion of its lineup. A whole batch of shows from AMC are heading to Netflix in a new deal between the companies. AMC said Tuesday that it has inked a deal with the streaming giant that will bring the prior […]
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Layoffs Hit Warner Bros. Discovery Again
Another round of layoffs has hit Warner Bros. Discovery. Employees in several different groups across the entertainment company have been impacted, including in the finance division, production and in business affairs. A very small number of employees were also laid off from WBD’s streaming service, Max, according to a source familiar with the matter. The […]
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Bank of America Analysts: Warner Bros. Discovery “Is Not Working,” Should Explore Strategic Options
For months, Hollywood has been guessing how Shari Redstone would play her cards to sell control of her once-sprawling Paramount Global empire. The potential breaking apart of a historic studio, the procession of suitors, the thousands of employees on edge and eventual inking of a multibillion-dollar agreement to merge Paramount with the relatively upstart Skydance […]
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BET Launches Pair of Tyler Perry FAST Channels
BET is expanding the reach of its shows from Tyler Perry. The Paramount-owned (for now, at least) outlet is launching two FAST channels that will feature episodes of the prolific Perry’s BET and BET+ series. The two channels, straightforwardly titled BET Tyler Perry Drama and BET Tyler Perry Comedy, will feature all of Perry’s BET […]
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Angela Kinsey and Jenna Fischer’s ‘Office Ladies’ Podcast Moves to Audacy
Jenna Fischer and Angela Kinsey’s podcast Office Ladies is moving to Audacy. Starting Aug. 14, Audacy will handle sales, distribution and production for the podcast, which offers a behind-the-scenes look at episodes of The Office. The show had been with SiriusXM since it launched in October 2019. The show will continue to release new episodes […]
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Imax, Muvi Cinemas Sign Four-Theater Deal in Saudi Arabia
Imax and muvi Cinemas, the major Saudi Arabia exhibitor, have signed a four-theater deal. The agreement will see muvi Cinemas open two Imax theaters with laser systems in Riyadh, another in Jeddah’s Mall of Arabia and a fourth system will open in Dhahran. All four locations are scheduled to open by 2025. Imax already has 10 […]
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‘Fallout’ VFX House Sold: Important Looking Pirates Acquired by Dream Machine
Dream Machine FX, a global collective of visual effects houses, has acquired Important Looking Pirates, the VFX studio that worked on blockbuster series such as Stranger Things, Shogun and Fallout, a continuation of its string of purchases in the industry. The studio founded in Stockholm, Important Looking Pirates (ILP), is known for creating realistic-looking water […]
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Elizabeth Bay Productions Gets Financing, WestEnd Films First-Look Deal
Elizabeth Bay Productions (EBP), whose principal is publicity firm DDA founder Dennis Davidson and whose team includes executive producer/producer Grant Hill, known for his collaborations with director Terrence Malick and the Wachowskis on various The Matrix films, has struck a financing agreement with FilmHedge and entered a first-look deal with U.K.-based sales company WestEnd Films. The new partnership […]
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Netflix Earnings Preview: Wall Street Is Bullish on Streaming’s “Default Choice”
This Thursday, it’s time for investors to Netflix. If it’s also time for them to chill, only time will tell! Much of that will depend on the financial and subscriber trends the global streaming giant reports after the stock market closes on July 18. Netflix shares have been on a roll this year. They are […]
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Box Office Grosses May Surpass Pre-COVID Levels in 2026. That’s the Good News…
Global box office and global total cinema revenue will surpass pre-COVID-19 pandemic levels in 2026, but admissions won’t do so over the next five years. Global subscriptions to streaming services will post a 5.6 percent compound annual growth rate (CAGR) between 2023 and 2028, outpacing a compound annual gain in streaming revenue of just 4 […]
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