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...He had made his start in the entertainment industry in the early 1970s at an obscure, money-losing outpost of the Time Inc empire called Home Box Office....
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...However, several privacy researchers have concluded that TikTok does not collect any more data than other mainstream social networks....
...While it hasn’t exactly prospered — never turning a profit in nearly two decades — it has turned into a uniquely vibrant (and sometimes toxic) mix of discussion hub, social network, and news aggregator....
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...But Wall Street has soured on big entertainment companies. Their economics do not currently work either for the essential talent or the capital markets. That script will be hard to flip....
...The businesses generated massive cash flow from post-pandemic “revenge” travel that propped up broader entertainment conglomerates....
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...One of the authors said many “reported using the app for social connectedness, for entertainment and distraction”. In other words, like any social network....
...Endeavor had already combined its World Wrestling Entertainment and Ultimate Fighting Championship divisions in September into TKO, a new New York-listed company....
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...US networks Fox and NBCUniversal reported that advertising revenue was falling, while publishers such as News Corp, The New York Times and the UK’s Reach have posted declines....
...It had plans for networks of trams and buses to be restored, things like that....
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