Latest Business News

ABC News Reaches Settlement In “Pink Slime” Defamation Lawsuit

ABC News says it has reached a settlement with a South Dakota meat producer in a lawsuit over a 2012 report that referred to the company's beef products as "pink slime". “ABC has reached an amicable resolution of its dispute with the makers of ‘lean finely textured beef,'" said the network's news division in a statement Wednesday. "Throughout this case, we have maintained that our reports accurately presented the facts and views of knowledgeable people about this… Read

Scripps Networks Interactive Joins FuboTV Line Up

Add Scripps Networks Interactive to the list of programming services playing ball with sports-oriented live streaming service fuboTV. On July 1, fubo Premier subscribers will receive HGTV, Food Network, and Travel Channel as part of what the companies call a “multi-year carriage agreement.” It will include access to live linear feeds. On-demand and TV Everywhere apps will be added later. Also to come are Scripps’ DIY Network and Cooking Channel, which subscribers will be… Read

Luc Besson’s EuropaCorp Reports $136M Loss; Will Re-Focus On Action, Sci-Fi

As it gears up for the release of epic summer sci-fi Valerian And The City Of A Thousand Planets, Luc Besson’s EuropaCorp has posted a loss of 119.9M euros ($136M) for the fiscal year ending March 31, 2017. The French studio said this morning that the loss is “considerably higher than past years” and the result of an underperforming slate. Titles that hit the bottom line hard include 9 Lives, Shut In, Miss Sloane and The Circle which in the U.S. went through Europa and… Read

Sarah Palin Sues NY Times Over Editorial Linking Her Ads To Gabby Giffords Shooting

Sarah Palin

Former GOP Vice Presidential candidate Sarah Palin has sued the New York Times over an editorial earlier this month that linked an ad for one of Palin’s political action committees to the 2011 shooting of Arizona congresswoman Gabrielle Giffords. The defamation lawsuit (read it here) was filed Tuesday in Manhattan federal court and referred to a June editorial about the mass shooting that recently wounded Louisiana GOP congressman Steve Scalise, likening it to the… Read

SAG-AFTRA Contract Talks Continue Despite Strike Threat

SAG AFTRA Strike

Negotiations for a new SAG-AFTRA film and TV contract continued today against the backdrop of a strike threat. The union says it will ask members for strike authorization if a fair deal isn't reached by Friday. On Sunday, the union accused management's AMPTP of demanding "outrageous rollbacks" at the bargaining table. Now, in the first vague inkling of what the main sticking points are, the guild is saying that those demands "will mean more for less – more hours, more… Read

Ed Asner Retracts And Apologizes For Allegations Against SAG-AFTRA Leaders

Ed Asner

Former SAG President Ed Asner has renounced claims he and a group of actors made earlier this year accusing SAG-AFTRA's leaders of a long list of financial misdeeds. The accusations, which an independent investigation since has found to be without merit, were contained in a 10-page letter Asner signed in April – shortly before the union began negotiations for a new film and TV contract. "I signed on to this letter, not knowing it would go public, to right what I was led… Read

Is The Premium Video Business Harder To Attack Than Digital Giants Imagined?

The past few weeks should be modestly reassuring for Team TV in the race to see whether traditional television companies can become major digital players faster than digital companies become television ones. Powers including Facebook, Apple and Google’s YouTube signaled in a series of programming-related initiatives that they’re still testing the video market to see where they might fit in — not preparing to challenge traditional TV networks head-on the way Netflix has… Read

Craig Zadan And Neil Meron Sign With ICM Partners

ICM Partners has signed prolific film, TV and theater producers Craig Zadan and Neil Meron. Zadan and Meron are behind NBC’s live musical franchise, launched by the highly rated The Sound Of Music Live!, which was followed by Peter Pan, The Wiz and Hairspray. At NBC, the duo has live productions of Jesus Christ Superstar and A Few Good Men coming up. In the long-form arena, where Zadan and Meron’s recent credits include the miniseries Bonnie & Clyde and the hit Steel Magno… Read

Viacom Teams With Indigenous Media To Promote Paramount Network Shows

Viacom it turning to digital producer Indigenous Media to help generate some buzz around Paramount Network — the new incarnation for Spike planned for early 2018. The entertainment giant’s Viacom Velocity marketing arm will team with Indigenous to produce versions of its 60 Second Docs that promote Paramount Network shows. Fans often share Docs on Facebook, Instagram, Snapchat, YouTube, and Twitter. The minute-long productions will “reveal a fascinating untold story or… Read

Pandora CEO, President, And CMO Leave Following SiriusXM Investment

pandora

The leadership changes at Pandora Media are taking place faster than expected: Today the company says that CEO Tim Westergren decided to step down, with CFO Naveen Chopra filling in as interim CEO. President Mike Herring and CMO Nick Bartle also left. In addition to relinquishing the CEO job, Westergren is leaving the board and will be replaced by Jason Hirschhorn. The CEO of digital content company the ReDEF Group is well known in media business circles from his work as… Read

Fox’s Sky Acquisition Receives Blessing Of Ireland’s Communications Minister

In one of the final steps towards 21st Century Fox’s £11.7B ($14.7B) takeover of European pay-TV giant Sky, the Republic of Ireland's Minister for Communications, Climate Action and Environment has cleared the transaction, saying it will not result in insufficient plurality for any audience there. Fox is looking to buy the 61% of Sky which it does not already own and the deal has already been okayed on public interest grounds by authorities in all of the markets in which… Read

Comcast & Charter Talking To Sprint About Wireless Services Deal – Report

Will Sprint partner with Comcast and Charter Communications to help them offer wireless phone services? That’s one of the things the companies are discussing — leading Sprint to put merger talks with T-Mobile on hold — The Wall Street Journal reports. Sprint, Comcast, and Charter have agreed to negotiate exclusively to the end of the July, the paper adds. The companies are still weighing how a collaboration might work. The No. 1 and 2 cable operator might invest in Sprint… Read