WALT DISNEY CO/THE - CybAI news

18 Aug

Four Experts Explain How AI Will Change Hollywood

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Good afternoon from 35,000 feet. I am en route to Cape Town for an extended break. The newsletter will continue in my absence; my colleagues are going to pitch in for the next couple of weeks. (If you insist on breaking news in the dead of August, please text me first.)Before I disappear, some additions to this year’s Screentime conference: Source link lol

16 Aug

Fox-Disney Sports Service Blocked by Judge in Win for Fubo TV

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Fox Corp., Warner Bros. Discovery Inc. and Walt Disney Co. were blocked by a judge from launching their streaming sports service one week before its rollout, taking a blow from their smaller rival FuboTV Inc.US District Judge Margaret Garnett on Friday issued a preliminary injunction blocking the $42.99-a-month service, Venu Sports, from going forward while Fubo’s lawsuit against the three companies proceeds. Source link lol

13 Aug

Paris Olympics Average 30.6 Million Viewers, 82% Bump From Tokyo

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About 30.6 million people on average watched the Paris Olympics on Comcast Corp.’s US media outlets each day, an 82% increase from the Tokyo Olympics.The number includes the NBC broadcast network, cable channels such as USA and the Peacock streaming service, NBC Sports said in a release on Monday. Sunday’s closing ceremony attracted a US audience of 20.8 million, more than double Tokyo’s. Source link lol

11 Aug

The Race Is On to Build The Next Profitable Streaming Service

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The five major Hollywood streaming services reported a collective profit of $3.2 billion in the first six months of this year. Source link lol

09 Aug

Advertising Group Shuts Down After Elon Musk’s X Files Lawsuit

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The Global Alliance for Responsible Media, a prominent coalition of advertisers, dissolved on Thursday, just days after Elon Musk’s X filed a lawsuit against the organization. GARM was established in 2019 by the World Federation of Advertisers, a network of major businesses whose members include Nike Inc., McDonald’s Corp. and Procter & Gamble Co., among others. The coalition provided a set of widely-used guidelines for brand safety controls, which help advertisers prevent harmful content such as hate speech or violent content from appearing next to their advertisements on social media platforms and other places. Source link lol

07 Aug

Warner Bros. Takes $9.1 Billion Writedown on TV Networks

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Warner Bros. Discovery Inc., the parent of CNN and TNT, posted a second-quarter charge of $9.1 billion after writing down the value of its traditional TV networks.The company, created in 2022 when Discovery Inc. acquired WarnerMedia, has concluded that cable channels like CNN and TNT are no longer worth what they were when the $42 billion merger was completed. Source link lol

07 Aug

Disney Tops Views With First Streaming Profit; Parks Disappoint

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Walt Disney Co. gave a mixed picture as it reported third-quarter results on Wednesday, with weakness at its famed theme parks offsetting its first-ever profit in streaming. Disney’s US theme parks, which were buffeted by rising costs and tepid demand, missed Wall Street estimates for sales and profit. The company said its Disneyland Paris park suffered from a reduction in summer travel due to the Olympics, and noted some “cyclical softening in China.” Source link lol

06 Aug

Fox-Warner-Disney Sports Streamer Should Be Blocked, Fubo Argues

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Fox Corp., Warner Bros. Discovery Inc. and Walt Disney Co. should be barred from forming a joint sports streaming service because it would drive away competitors and force consumers to pay higher prices to watch live events, FuboTV Inc. told a federal judge.Fubo sued the companies in February, arguing the venture would block competitors from offering a product with a package of sports channels only. Fubo claims the three are leveraging their control of the rights to coveted leagues to force rivals to license and distribute dozens of less popular general entertainment channels, if those competitors want to carry networks…