Click to Skip Ad
Closing in...

Latest Business News

New York Attorney General Launches Probe Of MoviePass

The New York Attorney General’s office has launched a probe of Helios & Matheson, examining whether MoviePass’ parent company misled investors, according to CNBC. Investigators are looking into the company’s financial disclosure using the Martin Act, an anti-fraud state law that allows law enforcement agencies to investigate suspected securities fraud and bring civil or criminal charges. MoviePass confirmed the investigation, saying it is cooperating with the New… Read

Saints & Sinners No Match For Glenn Close In ‘Mother Of The Maid’: Off-Broadway Review

So maybe Joan of Arc plays second fiddle to few saints in history, but on stage even she’s no match for Glenn Close. As the title character in Mother of the Maid, Jane Anderson’s eccentric and startlingly play opening tonight Off Broadway at the Public Theater, Close takes on history and wins. Mother of the Maid reunites the actress, as good here as you’ve seen her, with Anderson (the two most recently collaborated on feature film The Wife) and Damages director Matthew… Read

WWE’s Saudi Arabia “Conundrum” May Cause Up To $16M Hit To The Solar Plexus – Analyst

If World Wrestling Entertainment were to abandon its long-term deal with Saudi Arabia, that move could dent the company’s 2019 operating income by between $12 million and $16 million, according to a report from a Wall Street analyst. Eric Handler of MKM Partners maintains a buy rating on the stock, with a 12-month price target of $95. It closed today’s trading session at $83.98, down a fraction. Handler estimates a decision to delay or cancel the wrestling circuit’s… Read

‘The Conners’ Debut Ratings Stay Steady With ‘Roseanne’ Finale; 10.6M Viewers – Update

SPOILER ALERT: This story contains details of the The Conners debut last night. UPDATE, 3:14 PM: For the beginning of The Conners, the final numbers saw a little bit of ratings movement for the spinoff that brought it to a near tie with the end of Roseanne. Up a tenth from the fast affiliates of this morning, the new-ish sitcom delivered a 2.4/10 among adults 18-49 and 10.6 million viewers. That’s a tenth down in the demo from what the finale of the short-lived Roseanne… Read

Showdown Between AT&T And DOJ Gets Date For Oral Argument

The long and winding journey of one of the most contested mergers in the history of the media business will take a major step toward its legal conclusion in December. The D.C. Circuit of the U.S. Court of Appeals said judges will hear oral arguments in the United States v. AT&T beginning at 9:30AM ET on Thursday, December 6. Compared with the lower federal court trial, which stretched on for months in the springtime, the government’s latest bid to block the acquisition of… Read

Netflix Stock Surges As Analysts Hail Quarterly Rebound: “Still Setting The Tone For OTT Viewing”

Netflix

Despite some headwinds for the overall stock market today, Netflix stock rode a rhapsody of Wall Street analyst reports touting the strength of yesterday’s quarterly earnings report to rise on heavy trading volume. Shares finished at $364.70, up 5% even as all three major indices ended up in negative territory. While the stock price is still below the 52-week high of $423.21 established over the summer, shares have gained more than 70% in 2018 to date. In its earnings… Read

Latino Groups Deliver Petition To Paramount As Part Of Second Protest Over Diversity Hiring

Paramount Protest

More than 60 protesters chanting "Latinos excluded, time to be included" picketed Paramount Pictures again today, armed with a petition signed by more than 12,000 supporters calling on the Hollywood studio to sign a memorandum of understanding to increase its employment of Hispanics. "We're going to keep this up until Paramount decides to work with us and sign a memorandum of agreement to increase opportunities for Latinos in front of and behind the cameras," said Alex… Read

Fox TV Stations Chief Jack Abernethy Weighs In On New Fox Strategy, NFL Outlook, Regulatory Climate

Fox Television Stations CEO Jack Abernethy expanded on the strategic plan for New Fox to focus on live broadcast and repeated his view that in the digital age there should be no limits on station ownership. “We’re just building on what’s left behind,” he said of the plan for 21st Century Fox’s station, broadcast network and Fox News assets once the rest of the company is acquired by Disney in the coming weeks. Abernethy made the remarks during on a panel featuring three… Read

Funds Back Proposal To Remove Mark Zuckerberg As Facebook Chairman

Several public funds with holdings in Facebook are calling for the removal of CEO Mark Zuckerberg as the chairman of the social network’s board of directors. The New York City Comptroller Scott Stringer, together with state treasurers from Illinois, Rhode Island  and Pennsylvania, and Trillium Asset Management, today announced their support a shareholder initiative to name an independent board chair. They argued, in statement released today, that such a dramatic step is… Read

Lionsgate International TV President Peter Iacono Exits; Agapy Kapouranis Set To Succeed Him

Peter Iacano Agapy Kapouranis 3

Lionsgate said Wednesday that its President of International Television & Digital Distribution Peter Iacono is leaving the company, and has promoted Agapy Kapouranis to replace him. Iacono, who has been in leadership positions in the international group for almost a decade, is exiting to become CEO of TravelCadabra, a soon-to-launch travel e-commerce site. The move was announced by Jim Packer, Lionsgate President of Worldwide Television & Digital Distribution, to whom… Read

Salon Staff Ratifies New WGA East Contract

WGA East

The WGA East's first contract with Salon has been ratified unanimously by the digital news site's editorial staff. The deal was hailed Wednesday by the guild, the staff and by the site's management. “Our collective bargaining agreement with Salon marks the Guild's seventh contract in digital media," WGA East executive director Lowell Peterson said. "We won important gains including minimum rates of pay that result in a third of the unit receiving an average increase of… Read

Spotify Enlists Digital Distributor DistroKid To Help Artists Directly Upload Their Songs

Spotify Logo

Spotify took another step forward in its efforts to give musicians the tools to release their songs without help of a record label. The company last month invited a group of independent artists to directly upload their music to the popular music streaming service. The beta program represents a milestone because it allows artists to bypass record labels or third-party distributors who take a cut of the proceeds. Spotify today said it was working with digital distributor Dis… Read