Business

Roku smashed Wall Street analysts’ consensus estimate for revenue in the second quarter, reporting a jump of 42% from a year ago to $356.1 million. Analysts had expected $315.4 million. The company now has 43 million active accounts, a rise of 41% over the same period in 2019. The Roku Channel, a key part of the…

As Democratic presidential nominee Joe Biden pledged $280 million in TV advertising through the fall, local station owners Nexstar and Sinclair Broadcast Group told Wall Street they expect a record political ad haul. In separate conference calls with Wall Street analysts to discuss second-quarter results, the top two…

One day after the State of California and local officials revealed a technical glitch in the state’s reporting system has resulted in an undercount of new coronavirus cases, the state reported a new record number of deaths. According to the California coronavirus dashboard, 200 lives were lost in the state over the…

UPDATED, 12:06 PM: It’s a done deal. ICM Partners and the WGA just confirmed that the agency has signed a franchise agreement with the guild which will allow the agency to once again actively represent WGA members.    "We are looking forward to getting back to work for our writer clients," ICM Partners Co-President…

FilmLA said Wednesday that it has received more than 570 film permits for 422 film, TV and commercial projects since mid-June, when the City of Los Angeles and L.A. County got the OK to begin the process of resuming film and TV production amid the coronavirus lockdown. Still photography and commercials permits make up…

With her dance album Chromatica scaling the music charts since its release in May, Lady Gaga is launching a radio show devoted to the genre on Apple Music. Gaga Radio premieres Friday, August 7 at 11 am PST, with new episodes every Friday. “The last few weeks I’ve been figuring out different ways at home that I can be…

Black Panther, Wonder Woman, ET and Cars are among the films unveiled Wednesday for the Walmart Drive-In, curated by the Tribeca Film Festival, that will turn the giant retailer's parking lots at 160 locations into outdoor theaters starting August 14. Walmart said the nationwide event will feature 320 showings through…

As TikTok's future in the U.S. remains up in the air, Facebook Wednesday announced the official launch of rival Instagram Reels Stateside and in over 50 countries, calling it "a new way to create and discover short, entertaining videos … and help anyone with the ambition of becoming a creator take center…

All eight Harry Potter movies, which had a brief run on HBO Max when the WarnerMedia streaming service launched in May, are moving to Peacock this fall. The availability on NBCUniversal’s streaming outlet, which went live in April before a national expansion in July, was specified as a six-month run starting in…

The New York Times said digital revenue exceeded print for the first time ever for the second quarter ended in June when it added 669,000 net new digital subscriptions. That included 493,000 net new subscriptions to its core news product and 176,000 to other digital products, like Cooking, Crossword and audio. It…

The University of Connecticut (UConn) has become the first major college football program to cancel its 2020 season due to concerns about COVID-19. “After receiving guidance from state and public health officials and consulting with football student-athletes, we’ve decided that we will not compete on the gridiron this…

Rovio Entertainment has appointed IMG as the exclusive worldwide consumer products licensing agent for the iconic Angry Birds franchise, the companies announced Wednesday. Since launching its first mobile game in 2009, Angry Birds has grown into a multi-media brand with a presence in several areas of entertainment…