Luke Bouma

Amazon is undertaking a major overhaul of its artificial intelligence strategy, deprioritizing the majority of its in-house flagship Nova models while redirecting engineering talent and computing resources toward a more concentrated effort to develop next-generation frontier systems. The shift, which follows recent workforce reductions in the company’s Artificial General Intelligence organization and the closure of a specialized research laboratory, signals a deliberate narrowing of focus after several years of broader experimentation across text, image, and video generation technologies, according to a report by Business Insider.

Paramount Skydance chief executive David Ellison has publicly addressed the ongoing antitrust lawsuit aimed at blocking his company’s proposed acquisition of Warner Bros. Discovery, asserting in a New York Times opinion piece published this week that the legal challenge centers on concerns over future control of CNN rather than traditional market concentration issues.

Project Hail Mary continues to demonstrate remarkable staying power on Amazon Prime Video, holding steady as the fourth most-watched movie on the platform roughly one month after its debut there. As of this month, the science fiction adventure trails only Masters of the Universe in the top spot, followed by The Devil’s Mouth and The Amateur. This performance underscores the film’s broad appeal and solidifies its status as a major success for Amazon MGM Studios in both theatrical and streaming arenas.

Hearst today announced it has finalized an agreement to purchase Disney’s 50 percent interest in A+E Global Media for roughly $1.2 billion in cash. The deal is projected to close in September pending standard regulatory and closing conditions. Once completed, A+E Global Media will operate as a fully owned subsidiary within Hearst’s Entertainment group, ending a long-standing joint ownership arrangement between the two media giants.

Paramount Skydance Corporation released its second-quarter 2026 financial results today, detailing solid progress across its streaming, studios, and traditional media operations following the completion of the Skydance merger. The report highlighted continued expansion in the direct-to-consumer segment even as the broader media industry navigates shifting audience habits and advertising pressures. Paramount+ added 2 million subscribers […]

The E.W. Scripps Company is eliminating 268 positions as part of a major strategic overhaul aimed at prioritizing 24/7 streaming and reshaping its digital news operations. President and CEO Adam Symson detailed the changes in a memo distributed to staff on Tuesday, framing the moves as essential to aligning the 150-year-old media company with shifting audience habits and building a more sustainable business model.

Amazon has officially launched its Adaptive Display feature for Fire TV devices, bringing a significant accessibility upgrade to the Fire TV Stick 4K Select and the Fire TV Stick HD. The new setting is now available on the Fire TV Stick 4K Select and has gone live on the Fire TV Stick HD as well, […]

The Walt Disney Company reported mixed but overall solid results for its fiscal third quarter ended June 27, 2026, with streaming profitability more than doubling and theme parks delivering robust growth, while announcing a significant organizational shift for its consumer products business.

Walt Disney Company and TikTok today announced a new content-sharing agreement that will enable United States-based creators to craft short-form vertical videos drawing on characters, scenes, and stories from the entertainment giant’s extensive portfolio. The arrangement covers properties spanning Marvel, Pixar, Star Wars, FX, and additional Disney brands, marking the first partnership of its kind between a major traditional media firm and the popular social media platform.

FuboTV reported a sequential increase of 20,000 paid subscribers in North America during its third quarter of fiscal 2026, bringing the combined total for its Fubo and Hulu + Live TV services to 5.75 million at the end of June. The figure marked a modest rise from the 5.73 million recorded at the close of the prior quarter and represented the strongest third-quarter North America subscriber base in the company’s history following its business combination with the Hulu + Live TV platform. This is a massive turnaround after Fubo lost over 500,000 in the 2nd quarter of 2026.