More from Alex Weprin
How Profitable Is ESPN? Disney Breaks Out Figures for First Time
Just how profitable is ESPN to The Walt Disney Co.? For the first time, there’s a clear answer, and it shows just how lucrative the sports business is for the company. Beginning next quarter, Disney will change how it reports its quarterly financials. The move comes after CEO Bob Iger’s reorganization earlier this year to […]
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Netflix Plans “Substantial Changes” to Executive Pay After Shareholders Rejected CEO Pay Packages
Changes are coming to Netflix’s executive compensation packages. In its Q3 earnings letter, Netflix says that it is planning “substantial changes for 2024” to its CEO and executive pay packages. The promise to investors comes after shareholders rejected the company’s 2022 pay packages in a “Say on Pay” vote over the summer. According to an […]
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Netflix Adds 9M Subscribers Amid “Challenging” Six Months Due to Strikes
Netflix is adding new subscribers at a torrid pace, as its password-sharing crackdown continues and as it makes moves that could push subscribers toward its nascent advertising tier. The company reported 9 million new subscribers, with revenue of $8.5 billion and operating income of $1.7 billion. The company had reported 5.9 million new subscribers last […]
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Roger Goodell Signs Contract Extension With NFL
Roger Goodell has signed a contract extension with the NFL. The NFL commissioner has signed a new deal that will keep him at the helm of the league through March 2027. The announcement was made as the NFL owners meet in New York this week. “The Compensation Committee updated the full ownership today that an […]
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NBCUniversal’s 2024 Paris Olympics Advertising Sales “Pacing Ahead” of Prior Games
The 2024 Paris Olympics is still some 9 months away, but it’s already delivering for U.S. rightsholder NBCUniversal. According to Dan Lovinger, the president of Olympic and Paralympic partnerships for NBCU, the live coverage of the Opening Ceremony is sold out (it is scheduled to air live on NBC and Telemundo, and stream on Peacock), […]
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Showtime Sports to Shut Down Later This Year
The Boxing Bell is ringing for Showtime Sports. Paramount says that Showtime’s sports division will shut down at the end of the year. “As we evolve our strategy to more efficiently allocate resources and align our content offering across the business, we’ve made the difficult decision not to move forward with boxing and other content […]
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Netflix Unveils Next Steps to Build Advertising Business
Netflix is expanding its advertising business, rolling out a handful of new offerings for marketers as it seeks to grow its share in the ad-supported video space. Netflix vp global advertising sales Peter Naylor officially announced the new offerings during a keynote at Advertising Week New York on Tuesday. The new formats include title sponsorships, […]
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NBC Launches New Streaming Service That Bets on High School and Amateur Sports
Forget the NFL or NBA, NBC is betting that the next big thing in streaming might be your local high school football game. The media giant is launching a new streaming service that’s part ESPN+, part YouTube and part MasterClass, meant to appeal to families, schools and communities with amateur sports teams. The service, SportsEngine […]
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Oprah Winfrey Disputes Mitt Romney’s Claim That She Asked to Join Him on a Unity Presidential Ticket
Oprah Winfrey is pushing back on a claim made by Sen. Mitt Romney in a new biography. A spokesperson for Winfrey tells The Hollywood Reporter that, despite a claim in a new book, Winfrey was never considering a run for president in 2020 and did not ask Romney to join her on a ticket. “In […]
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After Taylor Swift, Who Else Could Rock the Box Office Without a Major Studio?
Team Taylor Swift and AMC Theatres caught Hollywood by surprise when doing an end run around the major studios and hiring AMC Theatres to distribute a secret movie chronicling her blockbuster Eras Tour. The concert pic opened to an estimated $95 million to $97 million opening over the Oct. 13-15 weekend in North America, even […]
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SAG-AFTRA President Fran Drescher Says AMPTP Suspending Talks “Came as a Shock to Me”
The AMPTP’s decision to suspend bargaining talks with SAG-AFTRA “really came as a shock” to the union’s president, Fran Drescher. “What does that exactly mean, and why would you walk away from the table? It’s not like we’re asking for anything that’s so outrageous,” Drescher said in an interview with NBC’s Chloe Melas that aired on […]
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CAA’s Bryan Lourd Fires Back at Ari Emanuel: He’s “Erratic” and “Self-Serving”
CAA chairman and CEO Bryan Lourd has responded to his longtime agency competitor Ari Emanuel. Emanuel on Wednesday criticized CAA — and specifically Lourd and his colleague Kevin Huvane — over a lawsuit accusing the agency of being complicit in Harvey Weinstein’s crimes. Emanuel said that Lourd should step aside pending an independent investigation. “Look, […]
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