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...Obermann, a former Warner Music executive who joined TikTok in 2019 to lead its negotiations with the big music labels, has been at the forefront of the talks....
...Warner Music, home to Dua Lipa, Lizzo and Ed Sheeran, is controlled by Access Industries, the holding company for Ukrainian-born billionaire Leonard Blavatnik, through supervoting shares....
...Google, Universal Music and Warner Music declined to comment....
...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....
...Meanwhile, Warner is still digesting the acquisition of Warner Brothers from two years ago. This has disappointed on savings and profits. Warner’s shares are since down more than half....
...Like other legacy entertainment companies, Warner is facing a sharp decline in its traditional television business....
...Warner, home to HBO and the Warner Bros movie studio, has made a small profit at its US streaming services this year, in part by raising prices, aggressively culling some series and licensing others to Netflix...
...Big entertainment groups including Warner, Paramount and Disney have been on a cost-cutting mission as they try to shrink losses running into the billions of dollars from their video streaming services....
...But though this series is rambling, rowdy and guilty of hanging around too long (rather unlike a gentlemen) it is also a diverting slice of light lads-and-dads entertainment....
...The major record labels — Universal, Sony and Warner — earn money by taking a cut of revenue from streams and album sales from a stable of thousands of musicians....
...Shares in Warner Bros Discovery slumped earlier this month after the entertainment group warned it was “unlikely” to meet its goals for paying off debt, against the backdrop of rising interest rates....
...Warner Bros Discovery shares fell 19 per cent on Wednesday for their biggest daily drop since March 2021 after the entertainment group warned investors it was “unlikely” to meet its goals for paying off...
...BlackRock is not the only US company to step up security spending on its chief executive.Disney chief Bob Iger’s 2023 pay package included $1.2mn in costs for “security services and equipment”, the entertainment...
...David Zaslav, the chief executive of Warner Brothers Discovery, said on Thursday that the US media company was “in the business of storytelling”....
...So think of that mindset, and then think of 2020 and 2021, I’m working from home, spending an unhealthy amount of time scrolling through Twitter,” HBO’s chief executive Casey Bloys told reporters on Thursday...
...Hasbro, home to Play-Doh, Monopoly and Transformers action figures, this week said it will cut about 1,100 jobs, on top of 800 lay-offs that have already taken place this year....
...Most of the big entertainment companies are losing money from their streaming businesses, which require heavy investments....
...It could have been an oversight, but I doubt it: both Mattel and Barbie’s studio Warner Bros want to please Chinese consumers. Film creativity is not dead, though....
...Where one might have hoped that the show would develop into a wry Whartonian send-up of elite Manhattanites, the HBO original (airing on Sky Atlantic in the UK) seems content to provide light, lavish entertainment...
...The experience gives the illusion of adding a digital layer over the natural environment, which Apple’s promotional materials suggest will give a home video and entertainment experience as well as an office...
...“He’s enjoying his life here,” says the veteran entertainment executive. “He bought the Robert Evans house. He hangs out with producers. He likes Hollywood.”...
...The “Tiffany brand” of American film, it has been called: home of Stanley Kubrick and Humphrey Bogart, the money behind Martin Scorsese’s Goodfellas, the Harry Potter films, The Matrix, Bonnie and Clyde,...
...Warner Bros Discovery, the Hollywood conglomerate that owns CNN, HBO and other media and entertainment businesses, has been searching for a leader for the news channel since ousting Chris Licht in June....
...Bloys said licensing shows to Netflix had also boosted traffic for the programmes on Warner Discovery’s Max streaming platform, home to HBO programming including Ballers, a sports drama that ran from 2015...
...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....
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