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“#Group Nine, Vox keep price of deal quiet” Vox Media and Group Nine are keeping the value of their merger private — and that may be because the number isn’t as eye-popping as digital media darlings once commanded, On The Money has learned. Sources say Group Nine’s worth has slumped to $225 million, less than…
“#’Sopranos’ creator David Chase inks deal with HBO” “Sopranos” creator David Chase has inked a five-year, first-look deal to create shows for HBO parent WarnerMedia. The news comes as Chase’s “Sopranos” prequel, “The Many Saints of Newark,” which stars Alessandro Nivola as Dickie Moltisanti and James Gandolfini’s son Michael Gandolfini as a young Tony Soprano, hits theaters…
“#Fox buys celebrity news, gossip site TMZ from AT&T’s WarnerMedia” Fox Entertainment has acquired WarnerMedia’s TMZ, the celebrity gossip site and TV shows operated by Harvey Levin, the companies said Monday. Terms of the deal weren’t disclosed, but TMZ, which is best known for breaking news on celebrity gossip and deaths, is being valued at less than…
“#AT&T’s WarnerMedia in talks to sell TMZ to Fox: report” AT&T is in talks to sell WarnerMedia’s popular celebrity gossip site TMZ to Fox, according to a report from The Information. The move comes as AT&T has inked a $43 billion deal to spin off its WarnerMedia entertainment division to Discovery, owner of TLC, Animal…
“#Discovery posts stronger than expected profits as ad sales recover” Discovery, owner of channels like The Food Network, TLC and Animal Planet, beat Wall Street’s second-quarter expectations, due in part to the rebound in advertising sales following last year’s economic fallout from the pandemic. Nonetheless, shares of Discovery fell over 5 percent in midday trading,…
“#Warner Bros. to produce more than 10 movies for HBO Max in 2022” Hollywood studio Warner Bros. will produce at least 10 movies exclusively for streaming service HBO Max in 2022, according to WarnerMedia CEO Jason Kilar, who oversees both divisions. As Kilar revealed plans for the 10-film slate, he insisted to investors on Thursday…
“#Amid mega-mergers and acquisitions, ViacomCBS may be in play” In the world of mergers and acquisitions, Wall Street bankers have an old saying: “Everyone talks to everyone.” The cliché describes those preliminary M&A powwows between CEOs that are so commonplace, you probably shouldn’t label them “deal discussions.” Except on those occasions when they deserve that…
“#WarnerMedia CEO Jason Kilar is sticking around for now” WarnerMedia CEO Jason Kilar — whose future has been in doubt since AT&T’s $43 billion deal to spin off its entertainment unit — will remain at the helm of the company until mid-2022, it emerged on Thursday. Kilar has told staffers that he will continue in…
“#How Stank steered AT&T into multibillion-dollar disaster” On Friday, May 14, just hours before the telecom and media world was turned upside down, the two men at the center of that upheaval, AT&T chief John Stankey and his deal-making wingman and former boss, Randall Stephenson, met for a quiet dinner in Dallas, the home of…
“#WarnerMedia-Discovery merger raises streaming questions” WarnerMedia’s deal to merge with Discovery will create a single, formidable new streaming service to compete with Netflix and Disney+ — or then again, maybe it won’t. Either way, the deal is expected to lead to savings for people who subscribe to both HBO Max and Discovery+, experts say. Currently,…