Latest in Corporate Affairs

U.S. media rights to Liberty Media’s rising auto racing circuit Formula 1 have reportedly been renewed by ESPN through 2025 after the Disney-owned sports operation outmaneuvered Netflix and other tech suitors. The pact is worth in the area of $75 million to $90 million a year, according to Sports Business Journal…

Netflix has laid off an additional 300 employees. The news Thursday comes after Deadline revealed in May that redundancies were underway, with an initial 150 positions eliminated as a result of the slowdown in the company's revenue growth. "Today we sadly let go of around 300 employees,” a Netflix spokeswoman told…

If there is any blossoming romance between Netflix and NBCUniversal amid speculation the former is looking for an ad sales partner, the latter's CEO Jeff Shell wasn't spilling the beans Wednesday when he sat down for a discussion at the Cannes Lions event. "I'm not going to comment on any conversations we may be…

Shareholders of video game giant Activision Blizzard have voted in favor of a plan for an annual report on the company's efforts to curb workplace abuse and harassment. The maker of Call of Duty and World of Warcraft had recommended a "no" vote on the proposal, which would require disclosures of the amounts paid to…

Jude Law’s production company Riff Raff Entertainment has received a multimillion-dollar capital injection from investment firm Calculus Capital and its Calculus Creative Content EIS Fund, which will provide overhead for key new hires, along with the acquisition and development of new IP. Stepping in as the company’s…

Twitter’s board of directors reiterated its call for shareholders to approve the proposed $44 billion acquisition of the firm led by Elon Musk, but the billionaire Tesla CEO separately warned of three “unresolved” issues that are holding up the transaction. In an SEC filing, Twitter CEO Parag Agrawal and Chairman Bret…

Even though it isn’t on the Warner Bros release calendar until June 23, 2023, The Flash is becoming Warner Bros Discovery CEO David Zaslav’s first movie crisis, because of the escalating coverage of incidents of volatile and odd behavior involving the film’s star, Ezra Miller. Zaslav has made clear his desire to grow…

AMC Entertainment shareholders have sent a message to the company’s CEO, Adam Aron, by voting decisively to reject his compensation package. In an SEC filing, the company said the vote yesterday at the company’s shareholder meeting was conducted “on a non-binding advisory basis,” meaning it doesn’t compel AMC to take…

Vince McMahon, the longtime face of and force behind the WWE and the company’s chairman and CEO, is stepping aside pending an investigation into “alleged executive misconduct” by a special committee of the board of directors. His daughter, Stephanie McMahon, who herself had recently taken a pause from the company in…

The coronavirus pandemic may in remission to some degree across America, but the lawsuits over Hollywood protocols and vaccination mandates look far from over. Following in the legal footsteps of pink slipped General Hospital cast member Ingo Rademacher, two former crew members on the ABC produced soap are now suing…

Digital sports firm Fanatics has hired former Dick Clark Productions chief Mike Mahan in the newly created role of CEO of its trading cards and collectibles business. The collectibles division includes brands like Topps, Candy Digital and zerocool. Fanatics acquired Topps from former Disney CEO Michael Eisner’s…

EXCLUSIVE: Casey Benesch, a former Netflix executive who helped build up the streaming giant’s stature in comedy, is moving to rival Prime Video to head up comedy marketing. The move was announced internally by Ukonwa Ojo, global chief marketing officer for Prime Video and Amazon Studios. Benesch will report to Ojo…