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...Paramount is behind some of the most storied properties in entertainment, such as The Godfather, Star Trek, Titanic and Mission: Impossible....
...But subscriptions outside of North America grew over the same period, and the business unit that contains the streaming services was profitable for the year....
...Revenues from the entertainment unit fell 42 per cent during the third quarter. Shares in Hasbro, down 24 per cent this year, have given up nearly all of their post-pandemic gains....
...Disney’s direct-to-consumer unit, which includes streaming service Disney+, is still reporting large operating losses....
...Walmart pitched its $2.3bn acquisition of TV maker Vizio last month as a way to scale up its small but fast-growing advertising unit....
...TikTok has partnered with US cloud software group Oracle to build a standalone unit to wall off American user data....
...The standalone unit, which voluntarily walls off American data, is up and running but has failed to persuade US lawmakers that the app is safe....
...Politico-entertainment complex Why moderate to win power when life is cushier in opposition? America’s political industry is lucrative even for those who have lost elections, the FT writes....
...But if the M&A deals of the 1980s were a demonstration of Japan Inc’s ambitions to take on the world, corporate executives say today’s overseas rush is driven by the need to find new revenue outside their...
...break up and focus on entertainment....
...The company declined to specify where it plans to find cost savings, but Netflix on Tuesday said it had laid off about 150 employees, including executives in its original television series unit in the US...
...Warner says its “Max” streaming unit will be profitable in the US this year....
...The other hope for the industry is that even if the unit costs will decline owing to the use of technology, the volume of sales will increase....
...In most of social media, it’s entertainment-based, using a lean-back consumption mode....
...While the firm fights to salvage — or scrap — the ambitious “Project Everest”, staff at its German unit are just trying to avoid falling off the mountain altogether....
...“If you look at the business units within each of the respective companies, lightbulbs start going off in your head,” said Bischoff....
...The world’s largest traditional entertainment companies, such as Warner, Disney and Paramount, have been in the midst of an expensive push into online streaming....
...Additional reporting by CK Tan in Shanghai A version of this article was first published by Nikkei Asia on September 6. ©2023 Nikkei Inc. All rights reserved....
...Outside the US, Disney has created a general entertainment service via its Star brand....
...Disney’s “direct to consumer” media and entertainment unit — aka streaming — reported an operating loss of $4bn on revenue of just under $20bn in the 12 months to October 2....
...A win for the resolution would have advanced the company’s strategy of separating its metals business from its steelmaking coal unit....
...On Thursday, SeaWorld Entertainment reported 2021 fourth-quarter results that trumped the same quarter in pre-pandemic 2019....
...A pioneer in computer animation — his early short films were made to show off Pixar’s hardware before Jobs pivoted the company to entertainment — Lasseter was forced to resign from Disney in 2018 after complaints...
...Tu, who has been at Tyson since 2017, is an entrepreneurial thinker whose experience includes a stint as president of Tyson Ventures — an investment unit that funds disruptive food technology companies,...
...Rice’s replacement is Dana Walden, who will become chair of Disney General Entertainment Content and report directly to Chapek. As with Rice, she is a veteran of 21st Century Fox....
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