Latest in Corporate Affairs

WarnerMedia has set its latest distribution deal for HBO Max, setting a deal with Hulu for the forthcoming streaming service to be available to subscribers to Hulu’s live TV bundle. The deal follows a series of agreements with Charter Communications, YouTube TV, Google and Apple ahead of the May 27 launch of HBO…

April proxy season, which just ended, is an annual rite that lifts the curtain on CEO salaries for the previous year ahead of shareholder meetings in May and June. For 2019, big entertainment companies are showcasing habitually hefty paydays even as millions of Americans lose their jobs each week and the business sees…

Apple executives cited the recently launched Apple TV+ as a positive contributor to the tech giant’s record services revenue of $13.3 billion in the first quarter. CEO Tim Cook also took note of special co-ordination with A-list talent during the COVID-19 pandemic. “We worked with everyone from Oprah to Lady Gaga to…

Pluto TV, the ad-supported streaming service owned by ViacomCBS, has added four new channels derived from AMC Networks programming, including The Walking Dead en Espa?ol. Effective Friday, the 22-million-plus active viewers of Pluto will get access to the Spanish-language TWD offering, which features early seasons of…

Quibi, the well-funded streaming startup launched in April and led by Jeffrey Katzenberg and Meg Whitman, has posted select episodes for free viewing on YouTube. The move is the latest by the mobile-focused service to adapt to the market conditions at launch, which are not what anyone expected. The company has offered…

Xandr, the advertising unit of AT&T, is merging with WarnerMedia in order to create what the company calls “a better advertising?value proposition for?brands, publishers and consumers?alike.” As part of the move,?Gerhard?Zeiler, WarnerMedia’s chief revenue officer and international president, will…

NBCUniversal CEO Jeff Shell sees “very, very encouraging” early signs from Peacock, but also sees “significant adjustments” being made to the expense side of the Comcast division in light of COVID-19. Shell delivered those comments during his first appearance on a Comcast earnings call, having taken over as CEO of…

Comcast posted mixed first-quarter results, missing Wall Street expectations for revenue, but beating profit forecasts and warning?investors of a “significant” hit to second-quarter results due to COVID-19. NBCUniversal showed clear signs of the pandemic’s impact, with its first-quarter revenue sliding 7% from a year…

Even before COVID-19, the road has been a little bumpy for ViacomCBS since the company closed its long-awaited, $12 billion merger last December. The company’s stock has lost more than half its value in the past few months. Bullish investors impressed by its reach and hefty cash flow have been outflanked by bears…

AMC Entertainment, the nation’s largest exhibitor, took a moment away from its throwdown with Universal on Wednesday to say it’s delaying some key financial reports due to circumstances related to the COVID-19 pandemic that has shuttered its theaters worldwide. The company said via an SEC filing that it will delay…

Facebook topped Wall Street estimates for revenue in the first quarter with an 18% gain but missed targets for earnings per share. Total revenue came in at $17.7 billion, while earnings of $1.71 per share missed analysts’ consensus by three cents. The company said its daily active users rose 11% in March compared with…

Edgar Bronfman Jr., the former head of Warner Music and before that a top exec at Seagram and Vivendi Universal, has been appointed executive chairman of fuboTV. The live streaming bundle, which recently was acquired by FaceBank Group, said Bronfman will help advise on strategic direction. One key upcoming…