Paramount to raise streaming prices as ad slump knocks revenue
By Eva Mathews and Helen Coster (Reuters) – Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS network owner said on…
LG shares strategic vision and future initiatives for ‘AI webOS’ ecosystem expansion
LG Electronics (LG) last week held webOS Summit 2024 in Incheon, South Korea, sharing its strategic vision and future initiatives for expanding the AI webOS ecosystem and growing its platform…
Disney, DirecTV reach deal, restoring programming for 11 million satellite TV viewers
By Dawn Chmielewski (Reuters) – Walt Disney and DirecTV announced they have reached an agreement in principle on Saturday, restoring college football and other programming to the satellite TV provider’s…
AI and advanced tech transform Paris 2024 Paralympic Games
The Paris 2024 Paralympic Games are set to be groundbreaking in terms of inclusivity and accessibility, with numerous technological innovations designed to empower athletes with disabilities and enhance the experience…
Meta, Spotify CEOs take aim at European AI regulations
By Juby Babu (Reuters) – Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek have critisised European regulations surrounding open-source artificial intelligence, saying the continent risks falling behind because of…
Why Bending Spoons has acquired WeTransfer
Italy’s Bending Spoons has acquired WeTransfer, the digital file-sharing platform founded in 2009 in the Netherlands. Already internationally known for having bought the well-known app Evernote, Bending Spoons has always…
S&P lowers outlook for Warner Bros Discovery to ‘negative’ on cable TV decline
By Harshita Mary Varghese (Reuters) – S&P lowered its outlook on Warner Bros Discovery to “negative” from “stable”, citing declines in the media company’s cable TV business that could worsen…
Netflix teams up with CBS Sports to produce Christmas Day NFL games
By Juby Babu (Reuters) – Paramount Global owned CBS Sports will produce the two National Football League (NFL) games set to be aired on Netflix on Christmas Day this year,…
Walt Disney warns theme park revenue to fall, profit slips
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) – Walt Disney predicted a ‘moderation in demand’ at its theme park business in coming quarters, overshadowing the success of the…
Warner Bros Discovery writes down TV assets by $9 billion amid uncertainty over fees, sports rights renewals
By Harshita Mary Varghese and Akash Sriram (Reuters) – Warner Bros Discovery said on Wednesday it wrote down the value of its TV assets due to the uncertainty of fees…