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...cable channels,” said the former head of the BBC and The New York Times....
...This is the first time in the streaming era that Universal has gone as far as removing its music from a tech company’s platform....
...“Sora is causing enormous excitement,” said media analyst Claire Enders....
...BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...In 1995, he persuaded Ted Turner to sell CNN — another pioneering cable channel — and the rest of his TV, movie and sports empire to Time Warner....
...The new deal could speed up the move away from traditional cable TV while copying cable TV’s bundling model....
...Media companies and cable distributors have clashed over what content should be made available to cable customers and streaming platforms....
...“We didn’t think that we’d be profitable this fast,” he told the Financial Times. “We’re at the beginning part of the journey....
...Warner’s net debt stood at $43bn at the end of September, or 4.1 times its earnings before interest, tax, depreciation and amortisation, while Paramount had $14bn in net debt, or 6.1 times its ebitda, according...
...Paramount trades at an enterprise value/ebitda multiple of 11 times (assuming its debt is worth 100 cents on the dollar). Warner gets just 7 times....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...Warner stock is down 24.6 per cent this year and 64 per cent since it began trading in April 2022....
...“Many Americans, particularly young Americans, are rightfully sceptical,” Warner said. “At the end of the day, they’ve not seen what Congress has seen....
...As chair of ESPN, the sports network, he will need to draw heavily on his experience in digital media as he shifts the cable TV giant into a full streaming service next year....
...The company behind HBO, CNN and the Warner Bros movie studio has been focused on cutting costs and trimming its debt following the $40bn merger of Warner with Discovery last year and against the backdrop...
...The National Basketball Association is the next major sports league looking to sign a new media contract....
...Mattel and Warner collaborated with more than 100 brands to create a flow of positive third-party social media mentions....
...Disney, the largest traditional media company, is in the midst of a gutting restructuring that has featured 7,000 job cuts and attacks from activist investors....
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...When telecoms company AT&T acquired HBO parent Time Warner in 2018, the network’s longtime chief Richard Plepler left after clashes with new management....
...Warner Music, the third-largest record company, last year announced it had struck a new deal with TikTok....
...“They’ve [Netflix] made a real following out of the documentaries they do on various sports,” he told the Financial Times....
...Earlier this month, more than 3mn people tuned in to watch Clark break the all-time scoring record in college basketball — for men and women....
...News business models are in flux with all corners of the industry, from television to digital to print media, under financial strain. Trust in news organisations continues to fall to all-time lows....
...Ellison’s bid would also add a deep bench of media operators including former NBCUniversal chief Jeff Shell, who would run broadcaster CBS as well as Paramount’s cable networks, which include MTV and Nickelodeon...
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