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...for films and entertainment....
...I’m a TV guy, I love it,” he said, pointing to areas he wanted to strengthen such as financial news, and coverage in areas such as healthcare, climate and sports and entertainment....
...Netflix executives said among their primary goals was improving the variety and quality of their entertainment, including television shows, movies and games....
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...When entertainment companies first competed in streaming they began by hoarding their most popular TV shows and films....
...With modern technology, it’s easier than ever to make music from your bedroom....
...Earlier on Tuesday Netflix said it had struck a 10-year, $5bn deal with World Wrestling Entertainment, a move that will push it further into the live streaming market....
...“It’s not the billions that the streaming services are spending on their tech, but for us it’s a material amount of money,” he said in an interview with the FT....
...Netflix has agreed a $5bn deal to screen World Wrestling Entertainment’s flagship Raw programme in the US over the next decade, in the group’s biggest foray so far into streaming live events....
...It has avoided live sports both because of the high cost but also the technical and cultural challenges of combining streaming and sports....
...Moon, a Baidu affiliate, initiated the share purchase agreement in 2020, aiming to acquire Joyy’s YY Live, a domestic video-based entertainment live-streaming platform....
...struck by artists selling their music rights to investment groups, with US rock band Kiss most recently agreeing to a $300mn deal that included its name, image and likenesses with Pophouse, the Swedish entertainment...
...Trian also recommended that Disney+ and Hulu be fully consolidated and said it was “sceptical” of ESPN’s viability as a standalone streaming platform....
...The moves come after the commission hit Apple with a €1.8bn fine for preventing music streaming apps such as Spotify from informing users about cheaper deals....
...But investors have soured on the group as it competes in a costly streaming battle with larger competitors such as Disney and Netflix....
...Like other legacy entertainment companies, Warner is facing a sharp decline in its traditional television business....
...; and Dana Walden, co-chair of Disney Entertainment....
...The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5bn in the past year from the streaming services they built to compete with Netflix....
...In 2023 Silver Lake acquired software provider Qualtrics for more than $12bn and privatised European technology company Software AG for about €2.6bn....
...Today’s moves come a few weeks after the EU fined Apple more than €1.8bn for stifling competition from rival music streaming services in a long-running case dating from 2021....
...For Shari Redstone, who longed for years to run some of the most powerful brands in the entertainment business, this cannot be the outcome she had in mind....
...Activist investor Nelson Peltz has recently upped his stake in the entertainment giant and is looking to push for board seats, the Financial Times has reported....
...“Disney’s content and technology strategies are weak and its lack of transparency is stark,” the firm said in its letter to the entertainment company’s shareholders....
...Courts move at glacial speed while the technology continues to go much faster. There’s not going to be some magical ruling that just renders all of these technologies illegal.”...
...Netflix has agreed a $5bn deal to screen World Wrestling Entertainment’s flagship Raw programme over the next decade, in the group’s biggest foray so far into streaming live events....
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