Skip to main content
Got a tip?


optional screen reader


Hollywood’s Mirage Earnings Season: Fear That the Worst Isn’t Here Yet

Summer blockbusters and streaming hits could obscure the economic pain of entertainment giants facing the rest of the year amid an advertising pullback, inflation drag and supply chain issues.

Latest Business

Workers at Indie Game Studio Tender Claws File for Union Election

The Communications Workers of America is going public with yet another union drive at a video game studio. The labor giant, which also represents news, public service and higher education workers, among others, announced on Friday that staffers at indie video game and art studio Tender Claws have filed for a union representation election with […]

Snap Shares Tank as Market Fears Drag on Social Media Ads

Shares of Snap continued to plummet Friday, following analyst downgrades after the company missed lowered earnings expectations and warned of a tough macroeconomic environment.  More worrying still was the fact that the company did not issue future guidance after having revised expectations for the second quarter. This caused concern about the overall impact on the […]

YouTube Says It Will Remove Videos Showing Abortion Misinformation

YouTube said it will take down videos that show unsafe methods of abortion or otherwise promote false information about the procedure.  “Starting today and ramping up over the next few weeks, we will remove content that provides instructions for unsafe abortion methods or promotes false claims about abortion safety under our medical misinformation policies,” the […]

Paramount Global Stock Gets Downgrade on “Growing Risk of Lower Advertising”

“Are we there yet? Anyone with young children knows how hearing this question over and over on a road trip can wear on even the calmest driver.” MoffettNathanson analyst Michael Nathanson’s Friday report started off like an account of a regular family summer holiday, only to then take a turn to focus on recession worries […]

Disney+ Subscriber Forecast Cut by Analyst on Loss of Indian Cricket Rights

MoffettNathanson analyst Michael Nathanson has cut his global subscriber target for Walt Disney streamer Disney+ below the company’s 2024 target range, citing the recent loss of the streaming rights for Indian Premier League (IPL) Cricket to Viacom18. “We now expect the company to come in below its 230-260 million guidance with 213 million as Disney+ […]

Twitter Cites Elon Musk “Uncertainty,” Ad “Headwinds” as Quarterly Earnings Fall Short

Social media giant Twitter on Friday posted higher usage figures, but missed second-quarter earnings and revenue expectations. Twitter reported revenue of $1.18 billion in the second quarter of 2022, down 1 percent year-over-year, marking the company’s latest update to investors since Tesla and SpaceX CEO Elon Musk struck an agreement to acquire the firm for […]

Verizon Loses 86,000 Video Subs in Second Quarter, Adds Broadband Users

Verizon lost 86,000 net pay TV subscribers for its Fios consumer video service in the second quarter, compared with a loss of 78,000 in the first quarter and a loss of 62,000 in the year-ago period, the telecom giant said Friday. The company has in the past often cited “the ongoing shift from traditional linear […]

Warner Bros. Discovery, BT Sports Joint Venture Cleared by U.K. Competition Watchdog

Warner Bros. Discovery and BT Group on Friday welcomed the decision by U.K. regulators to approve their planned creation of a joint venture in the U.K. and Ireland. The Competition and Markets Authority (CMA) unveiled its decision to allow the deal Friday, saying: “The CMA has cleared the anticipated joint venture between Warner Bros. Discovery […]

Which Service Is That Show On? New App Debuts Amid Crowded Streaming Market

In an era of peak TV, and then some, it’s rarely a struggle to find something to watch. Instead, the challenge typically arrives when trying to remember on what platform the thing you want to see is streaming. Enter QEWD. Launched this week, the free app serves as a discovery engine meant to make it […]

Apple Settles Suit Against Chicago Over City’s Tax on Streaming Services

Apple and Chicago have come to terms on a deal to drop the tech giant’s lawsuit challenging the city’s first-of-its-kind tax on users of streaming services. In an order issued on Wednesday, Cook County Circuit Court Judge Daniel Duffy dismissed the case. Terms of the settlement weren’t disclosed. Chicago introduced a so-called “Netflix tax” in […]

Snap Misses on Second-Quarter Revenue, Does Not Issue Future Guidance

Snap reported $1.11 billion in revenue during the second quarter after the company previously warned it would miss its revenue expectations for the quarter. The revenue number marks a 13 percent increase year-over-year, coming in below its previous guidance of 20 percent to 25 percent. Daily active users increased 18 percent year over year to […]

Warner Bros. Discovery Unveils Communications Team Leadership

Warner Bros. Discovery has unveiled its restructured communications team, led by Nathaniel Brown after he recently came on board as chief corporate communications officer. Brown, who serves as the studio’s lead spokesperson and oversees all global communications and media relations, announced former Fox comms exec Megan Klein will be in charge of corporate communications. And […]