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Latest Corporate Affairs News


Starz Launches StarzPlay On Amazon Prime Video Channels In UK, Germany

Starz is launching streaming service StarzPlay on Amazon Prime Video Channels in the UK and Germany. The move will enable the premium network’s original series to debut exclusively on the same day as the U.S. The service is only available in the UK and Germany to Prime members through Amazon Prime Video Channels for £4.99/€4.99 a month, with a 7-day in the UK) and a 14-day free trial in Germany. Originals like the new series Vida and Sweetbitter, plus past titles like Boss… Read


Lionsgate Beats Wall Street’s Q4 Estimates On OTT Revenue, TV Profit Uptick


Lionsgate beat Wall Street estimates for the fourth quarter ending March 31, with TV production gains offsetting a drop in the motion picture business, which faced tough comparisons with the year-earlier La La Land quarter. Total revenue of $1.04 billion came in $30 million ahead of estimates, and fully diluted earnings per share reached 24 cents, versus analysts’ consensus of a loss of a penny. Adjusted operating income of $136 million also trumped estimates of $121.5… Read

Comcast’s Fox Bid Would Carry Less Antitrust Risk Than Disney’s, Comcast-Backed Expert Argues

Comcast 21st Century Fox

UPDATED to reflect the ties between the expert and Comcast. Contrary to the views of some many analysts, one antitrust expert sees Comcast’s planned all-cash offer for 21st Century Fox as less of a risk than Disney’s pending offer in terms of potential regulatory interference. The opinion comes from Geoffrey Manne, executive director of the International Center for Law and Economics, a nonprofit, nonpartisan research organization. It can be seen as something of an early… Read


Netflix Passes Disney For Top Media Market Value, Hitting New Milestone

Reed Hastings

Netflix stock has surged to new record levels today, rising 1.5% to $349.90 in mid-day trading. That gives Netflix a market capitalization of $152.6 billion, the largest among all pure media companies, eclipsing Disney. It is quite a moment for the 21-year-old tech company, which started out mailing DVDs and streamed its first original show in 2012. A day after Comcast said it was preparing to challenge Disney’s pending deal to acquire most of 21st Century Fox, Disney’s… Read


Why Is Comcast Still So Hot For Fox?

Comcast confirmed today it’s not taking “no” for an answer in its pursuit of 21st Century Fox’s film and television assets. The U.S. cable giant said plans are in an “advanced stage” for it to make a richer, all-cash offer for the constellation of media assets that Fox agreed to sell to Disney last December in an all-stock deal valued at $52.4 billion. The price is likely to reach $60 billion and could go even higher, especially if a federal judge rules June 12 to allow… Read


ESPN Confirms Expanded Deal For UFC Rights, Elbowing Out Fox – Update

Updated with official confirmation and additional details. ESPN, which last month set a streaming deal with the UFC, confirmed it has added linear TV rights to that package, with a major five-year pact that ends the circuit’s seven-year run on Fox Sports. The official announcement did not specify terms, but sources confirmed to Deadline earlier today that the UFC would get $300 million a year in a five-year deal starting in January — double what Fox paid on an average… Read


Univision Will Hand CEO Reins To Former Telemundo Exec: Reports

Vince Sadusky, a broadcasting veteran and former Telemundo executive, is set to replace Randy Falco as CEO of Univision. The Hispanic media company declined comment on reports in the Wall Street Journal and Bloomberg that Sadusky will step into the role as early as next week. Falco, an NBC veteran who arrived at Univision in 2011, recently announced his plan to retire at the end of 2018. That news marked an abrupt shift from the announcement a couple of months earlier… Read


CBS Slams “Disloyal” Shari Redstone In Attempt To Toss Bylaw Change That Could Lead To Viacom Merger

Shari Redstone Leslie Moonves

Having failed to get a temporary restraining order last week, CBS went back to court today seeking to invalidate a big change in the company's bylaws that would cement the power of controlling shareholder, Shari Redstone and National Amusements – power that could see a merger with Viacom “These actions and threats by Defendants are disloyal, inequitable, and not entirely fair,” stated the injunction seeking amended complaint filed Wednesday in Delaware by the Les… Read


Comcast Confirms Plan To Counter Disney With Richer, All-Cash Offer For Fox

Comcast 21st Century Fox

It’s on. Comcast this morning confirmed its plan to make a rich counter-offer for the 21st Century Fox assets that Disney has proposed to acquire. The move sets in motion what could be one of the all-time merger battles in media. Comcast chief Brian Roberts is set to clash with Disney’s Bob Iger for control of the film and TV empire that Rupert Murdoch and sons James and Lachlan spent years building. While Disney and Fox have agreed to a $52.4 billion deal, Comcast’s… Read


MoviePass Parent Company Stock Drops 12% To All-Time Low Of 54 Cents


Skies over MoviePass grew darker today as parent company Helios & Matheson Analytics saw its stock price drop another 12% to close at an all-time low of 54 cents. The share price has plunged more than 75% this month alone after execs warned in an SEC filing that they were running low on cash reserves. Exhibitors, most Wall Street investors and even many customers continue to express skepticism about the long-term viability of MoviePass. Its top execs counter that they… Read


Epix To Launch On Comcast In June, Expanding Reach To 70 Million Homes

Epix, the premium network launched as a multi-studio effort in 2009 and now fully owned by MGM, has forged a landmark carriage deal with Comcast to expand its reach to 70 million homes and 18 of the top 20 U.S. markets. Starting June 13, Comcast's Xfinity platforms will offer live and on-demand programming from Epix, including original series and more than 2,000 feature films. In addition to linear TV, the network will be available on devices in and out of home via the… Read


He’s Baaaack! Ryan Kavanaugh Hired As Consultant By Relativity’s New Owners

Ryan Kavanaugh

UltraV Holdings, the investor group that now controls Relativity Media following a bankruptcy proceeding, has hired the company’s controversial founder and former CEO Ryan Kavanaugh as a consultant. The agreement also opens the door for him to take part in other ways in the company’s new iteration. According to a lengthy asset purchase agreement (read it here) dated May 17 but filed over the weekend in U.S. Bankruptcy Court for the Southern District of New York, Kavanaugh… Read