Tag: Entertainment Content

ByteDance will take steps to prevent the unauthorised use of intellectual property on its AI video generator Seedance 2.0, the Chinese technology firm said on Monday, following threats of legal action from U.S. studios, including Disney (DIS).

NetEase shares fell more than 4% in U.S. premarket trading Wednesday after the company reported fourth-quarter results that missed expectations on both earnings and revenue.

T-Mobile added fewer wireless subscribers in the fourth quarter than analysts had expected, as rivals extended ⁠aggressive deals and offers to lure customers.

Activist investor Ancora Holdings has built a stake in Warner Bros Discovery (WBD) and plans to oppose the media company’s deal with Netflix for its studios and streaming assets, in the latest twist to the heated Hollywood takeover battle.

Disney has named Josh D’Amaro, chairman of Disney Experiences, as its next CEO, succeeding Bob Iger and clinching a closely watched succession race at the Mouse House.

Walt Disney (DIS) stock was rising early Monday after the company beat expectations for its first-quarter results with strong income from its streaming unit.

China has given the green light to three of its largest tech companies to buy Nvidia’s (NVDA), opens new tab H200 artificial intelligence chips, four people familiar with the matter told Reuters, marking a shift in position as Beijing seeks to balance its AI needs against spurring domestic development.

Netflix said on Tuesday it had reached 325 million global paid subscribers, a new milestone for the streaming giant that last reported membership numbers a year ago.

Netflix has adjusted its offer for Warner Bros. Discovery’s studio and streaming assets to an all-cash bid, according to an SEC filing on Tuesday.

Shares of streaming giant Netflix (NFLX) closed up 1% Tuesday on a report from Bloomberg that said it was considering changing its bid for Warner Bros. to an all-cash offer. Any revised offer would be aimed at expediting the sale.

The Warner Bros. Discovery board on Wednesday once again unanimously recommended that WBD shareholders reject a hostile takeover offer from Paramount Skydance.

Comcast said on Monday it has completed the spinoff of Versant Media Group, offloading its NBCUniversal cable channels such as USA Network and CNBC into a separate public company, as the media giant repositions itself to better suit the streaming era.

Walt Disney Animation Studios’ (DIS) “Zootopia 2” surpassed 2019’s “Frozen 2” to become its highest-grossing film ever, the company said on Wednesday, marking a bright spot in a year when global box office continues to trail pre-pandemic levels.

Netflix’s (NFLX) Christmas Day National Football League broadcasts set new records, with the Detroit Lions vs the Minnesota Vikings becoming the most-streamed NFL game in the United States, the streaming giant said on Wednesday.

Warner Bros Discovery (WBD), opens new tab will likely reject Paramount Skydance’s (PSKY), opens new tab amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant’s offer, according to a person familiar with the matter.

Netflix (NFLX) has refinanced a part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery’s (WBD) film, TV studios and streaming assets, according to a regulatory filing on Monday.

Paramount Skydance amended its $30 a share, all-cash offer for Warner Bros. Discovery on Monday, with Paramount shareholder and Oracle founder Larry Ellison now guaranteeing $40.4 billion of the equity financing for the bid, and any damages claims against Paramount.

The Warner Bros. Discovery board on Wednesday said it unanimously recommended that WBD shareholders reject a takeover offer from Paramount Skydance and stick with a “superior” proposal from Netflix

Netflix’s (NFLX) decision to acquire assets from ​Warner Bros Discovery has ‌not changed and the hostile bid ‌from Paramount Skydance was “entirely expected”, its co-CEOs Greg Peters and Ted Sarandos said in ⁠a letter ‌to employees on Monday.

The Walt Disney Co. on Thursday announced it will make a $1 billion equity investment in OpenAI and will allow users to make videos with its copyrighted characters on its Sora app.