Latest Business News
Li Haslett Chen to Leave Warner Bros. Discovery Board
The tech exec’s exit could open the way for a high-profile addition to the studio’s board of directors in 2025 amid plans to possibly spin off its legacy TV assets.
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Trump Moves to Pause TikTok Ban Law in Filing Signaling Support for Platform
The filing suggests that Trump may believe that the law infringes on the First Amendment rights of TikTok and its 170 million users. The case pits national security concerns against First Amendment protections.
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A Year of Losing the Plot (and Peak Top 10 Lists)
In cueing up a montage from 2024, it's not difficult to see a zeitgeist shift as well as echoes of moviegoing's past.
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Richard Parsons, Former Time Warner Chairman, Dies at 76
"The right guy in the right place at the right time," he steadied the ship after the ill-fated merger with AOL, then stepped in briefly for Leslie Moonves at CBS Corp.
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Netflix Bets That ‘Squid Game’ Can Turbocharge Its Video Game Ambitions
'Squid Game: Unleashed' will give subscribers that binge-watch the show in-game rewards, a first for a gaming franchise.
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Animation Guild Ratifies Contract With Studios and Streamers
A little more than three quarters of voting members opted to accept the three-year deal.
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Hollywood CEOs Show Their Cards on What They Think Is Valuable — and What Isn’t
Companies are beginning to pick winners and losers in their portfolios as they adapt to a rapidly-changing business environment.
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News Corp. and Australia Telecom Company Telstra Agree to Sell Foxtel to Streaming Sports Platform DAZN in $2.1B Deal
The Foxtel Group is owned 65 percent by News Corp. and 35 percent by Telstra.
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WGA Members Prohibited From Working With Village Roadshow After Company “Has Refused to Pay” Writers
"It is crucial that Village Roadshow be prevented from undercutting writers’ standards and conditions," the Writers Guild of America West shared in a statement.
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Senate Clears Bill Freeing Up Filming in National Parks
The measure was passed a day after a lawsuit was filed against the government accusing it of censoring speech by making filmmakers pay to shoot in national parks just because their work is commercial. It now heads to President Biden's desk.
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Musicians in Canada Ratify New Deal For Film and TV Projects With Indie Producers
The first-ever Independent Production Agreement establishes terms, conditions and rates for professional musicians working on English-language productions in Canada.
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German Industry Gets Early Xmas Present as New Film Subsidy Law Comes in Under the Wire
German politicians approved a new film funding law just in time, avoiding a shutdown in the industry, but the legislation is less progressive than many had hoped.
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MPA Names Urmila Venugopalan President of Asia-Pacific Region as Belinda Lui Steps Down
The leadership change in Asia for the U.S. studios and streamers' leading lobbying group will go into effect on Jan. 31, 2025.
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Disney to Bring Bluey to Theme Parks in Expansion of Family Franchise
Characters from the hit show will also join Disney Cruise Line voyages beginning next month in Australia and New Zealand.
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British Columbia Boosts Film Tax Credit as Battle for Hollywood Projects Grows
The tax rebate for foreign projects shot locally will jump from to 36 percent and follows California's Governor promising to double tax credits to keep Los Angeles producers at home.
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Hollywood’s Double Strikes Hit Film, TV Production in Canada Hard
The latest data from local indie producers points to budget expenditures by major studios and streamers plunging 26 percent in 2023-24, back to pre-pandemic levels.
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