Business
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Amazon Ad Sales Rise 19% to $14.3 Billion in Q3
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Comcast Exploring Spinoff of Cable Networks
The NBCUniversal parent is also open to streaming partnerships to help grow Peacock
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Peacock Q3 Loss Narrows to $436 Million as Paris Olympics Boost Subs to 36 Million
The streamer’s revenue grew 82% year over year to $1.5 billion
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Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
CEO Mark Zuckerberg says the Facebook parent company will continue to invest in AI and virtual reality because the upside is “really big”
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Imax Revenue Down 12% From ‘Oppenheimer’ Boom, But Improves From Q2 to $91.5 Million
“Deadpool & Wolverine” and “Alien: Romulus” helped the premium format company stabilize after a rough start to summer box office
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Roku Posts More Than $1 Billion in Revenue in Q3 for First Time, Shaves Net Loss to $9 Million
The streamer and hardware maker, which is in 85.5 million households, will stop reporting the metric starting in the first quarter of 2025
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Fandom Lays Off More Staff in Latest Restructuring
The wiki-driven web company owns brands like GameSpot, Metacritic, GameFAQs, Screen Junkies and TV Guide
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JD Knapp -
Amazon MGM Studios’ Pan-English Scripted Originals Head Rola Bauer Exits
The executive was elevated to the position during a restructuring in 2022 following the tech giant’s $8.5 billion acquisition of MGM
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Regina Hall’s Rh Negative Inks First Look Deal With Amazon’s MGM Alternative
The “Girls Trip” actress will develop “Squad Games,” a competition series loosely inspired by the film
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Amazon Bets on Creator Economy With Investment in Spotter, Firm Behind MrBeast and Try Guys
The firm, whose clients also include Deestroying and Dude Perfect, has invested $940 million to support creators to date
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David Ellison Will Control 100% of Paramount After Deal Closes
An amended FCC filing designates the Skydance Media CEO as “sole manager” after previous docs indicated Larry Ellison would have a large role
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YouTube Posts Second-Best Quarter Ever With $8.9 Billion in Sales
The Alphabet-owned platform credits AI with helping it better recommend videos to viewers
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Paramount Global Inclusion Head Marva Smalls to Take on New Role Working With Office of the CEO, Skydance
The Nickelodeon public affairs exec will help with the media giant’s transition as the two companies’ $8 billion merger is on track to close in the first half of 2025
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Netflix Hires Nicolle Pangis as New VP of Advertising
The former Ampersand CEO will oversee the streamer’s U.S. and Canada ad sales
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Netflix Comms Chief Rachel Whetstone, Global Public Policy VP Dean Garfield to Exit
The streamer plans to hire a chief global affairs officer to oversee policy and corporate communications