ViacomCBS received a notable analyst upgrade from “hold” to “buy” on Monday, as Deutsche Bank analyst Bryan Kraft noted that the media conglomerate was attractive to investors due to its “positive fundamental developments, improved disclosure and optionality from industry consolidation.” Kraft also called it his “top pick in media.”
Walt Disney Co. CEO Bob Chapek outlined three “strategic pillars” for the company going forward in a memo to staff Monday. Chapek’s memo comes as Disney prepares to celebrate its 100th anniversary in 2023.
WarnerMedia and Comcast have come to terms on a new carriage deal, keeping WarnerMedia’s channels on Comcast cable systems for years to come. The deal covers TBS, TNT, CNN, Cartoon Network, TruTV, TCM and the other WarnerMedia channels, but it also includes CNN+, the upcoming streaming service.
YouTube-ripping service Yout.com is suing the RIAA in an attempt to have its platform declared legal in the US. The case boils down to whether YouTube has meaningful technical protection measures and whether Yout circumvents them. According to the RIAA, there is no question that Yout.com is in the wrong and it characterizes any claims to the contrary as "wordplay"
Early December, several Hollywood studios and Netflix teamed up under the banner of the MPA to sue PrimeWire, one of the longest-standing pirate streaming sites. After a hearing early this month, the court has now handed down an injunction designed to render the site inaccessible within a matter of days.
Despite witnessing several challenges, including multiple lockdowns and the implementation of NTO, the television industry stood tall last year. Compared to 2020, 2021 was a year of recovery and growth for the sector.
96% of companies are definitely planning or likely to plan to hire new staff with relevant skills to fill future big data analytics related roles in 2022. This is most likely going to be the most in-demand role in 2022, says the Monster Annual Trends Report.
The digital medium has not only provided opportunities to older female actors, but all-women crews also spearhead the projects.
Discovery shares, which have been in a funk for months, roared back to life today, jumping 17% on heavy trading volume after a validation from a veteran Wall Street analyst.
TikTok’s grip on young audiences is a well-established fact, but the social network has just released a new report detailing how that defining trait has made it increasingly attractive to Hollywood.