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The Latest Breaking News on Media

1 F-Rated Stock to Sell or Avoid Until Further Notice

Shares of sports-centric streaming company fuboTV (FUBO) plummeted more than 76% over the past year as it continues to incur huge losses and suffer from the challenging macro environment. Furthermore, FUBO issued a disappointing subscriber outlook for fiscal 2023. Given its mounting losses, bleak growth prospects, continued share dilution, and…

StockNews.com

1 Big Box Retailer Stock to Buy More of in 2023

Big box retailer Walmart (WMT) reported solid fourth-quarter results, topping analysts’ estimates. Moreover, WMT’s solid dividend-paying record makes it an attractive buy this year as macroeconomic uncertainties remain. Keep reading.

StockNews.com

ESPN's ex-top exec describes how soccer's World Cup was lost

Testimony from a former ESPN executive is underscoring the high stakes and corruption that has enveloped the world of soccer

The Independent UK

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Paramount Plus Adds Over 9 Million Subscribers Driven By The Most Prominent Content

The streaming market continues to be competitive as Paramount Plus competes with the big streaming platforms with quality content.

Zenger

New Spotify feature lets you exclude playlists from your taste profile

There's a new way to ensure certain songs don't impact your personalised playlists

Liverpool Echo

Super Bowl half-time star Rihanna reaps benefit of performing for free due to old rule

Rihanna performed at the Super Bowl half-time show for free due to an ancient NFL rule, but the pop megastar still managed to see some significant benefits of her performance

Daily Mirror

It’s not just Disney: Hollywood slashes jobs as streaming bubble pops

LOS ANGELES — Walt Disney Co. Chief Executive Bob Iger said last week that the Burbank company will be slashing 7,000 jobs as the firm’s streaming efforts continue to lose money and the wider economy wallows through a downturn.

Los Angeles Times

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Is Disney Stock a Buy or Sell in 2023?

Amid a sudden change at the helm and challenged by losses in its streaming business, Disney (DIS) has a lot of near-term uncertainties to deal with. Let’s discuss why the stock might be best avoided now. Read on….

StockNews.com

Layoffs hit Showtime as Paramount overhauls 'Billions' brand

LOS ANGELES — Paramount Global continues to unwind its once-proud Showtime brand.

Los Angeles Times

Disney's Bob Iger says ESPN is not for sale. Now the pressure is on

Walt Disney Co. Chief Executive Bob Iger this week announced a "major transformation" for the entertainment media giant, raising a familiar question from Wall Street: What will happen to ESPN?

Los Angeles Times

Disney’s job cuts affect theme parks, but frontline workers spared

Disney will be cutting jobs in its theme parks division as part of a move to lay off 7,000 workers across the company, the chairman of the group said in an email to employees Thursday.

Orlando Sentinel

News Corp job cuts: Rupert Murdoch’s Australian newspapers to axe one in 20 staff

Announcement comes after Rupert Murdoch’s global company posted 47% decline in quarterly earnings in news media

The Guardian - AU

Disney to cut 7,000 jobs as returned CEO Iger vows 'transformation'

The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger.

France 24

Disney to cut 7,000 jobs in Bob Iger’s ‘transformation’ of entertainment giant

The cuts make up about 3% of Disney’s 220,000-person global workforce and come as the company beat Wall Street’s earnings forecasts.

Chicago Sun-Times

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The Independent UK

Disney to cut 7,000 jobs in Iger's company 'transformation'

The Walt Disney Co. says it will cut about 7,000 jobs as part of a “significant transformation” announced by CEO Bob Iger

Orlando Sentinel

Disney’s Iger reveals 7,000 layoffs in restructuring move

Disney World CEO Bob Iger revealed plans Wednesday to lay off 7,000 workers of the company’s global workforce, about 3% of the workforce.

Los Angeles Times

Bob Iger signals ‘significant transformation’ as Disney+ loses 2.4 million subscribers

Bob Iger is back at Walt Disney Co., but that doesn’t mean the entertainment giant is out of the woods yet.

The Independent UK

Disney World unions vote down offer covering 45,000 workers

Union members voted down a contract proposal covering tens of thousands of Walt Disney World service workers, saying it didn’t go far enough toward helping employees face cost-of-living hikes in housing and other expenses in central Florida

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news in one place.

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The Independent UK

Drake, worth £260m, wants more money from Spotify for streaming milestones

The singer hit 75 billion streams on the platform and called for a ‘bonus’

Football London

Apple TV launch new streaming service that could lead to end of Premier League blackout rules

Apple TV has launched a new 'MLS Season Pass' service that will see every MLS match made available to stream live in one place with no blackout between fixtures.

Axios

Spotify CEO Daniel Ek eyes elusive profits

His focus is on the bottom line, but he doesn't plan to pull back on audiobooks.

The Independent UK

Tesco reveals most popular meal deal choices

Tesco has launched Clubcard Unwrapped which will let loyalty card owners see data on their favourite meal deal, most frequent purchases, and how much they’ve saved.

The Independent UK

Tesco reveals most popular meal deal choices

Tesco has launched Clubcard Unwrapped which will let loyalty card owners see data on their favourite meal deal, most frequent purchases, and how much they’ve saved.

Evening Standard

Why did Rick and Morty creator Justin Roiland get fired by Hulu and Adult Swim?

The animated shows he worked on are set to continue without his involvement.

Los Angeles Times

Hulu joins Adult Swim in cutting ties with 'Rick and Morty' co-creator Justin Roiland

LOS ANGELES — Hulu has severed ties with Justin Roiland, co-creator of its show "Solar Opposites" and the Adult Swim series "Rick and Morty," the company announced Wednesday.

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