Sahil Patel

Disney said it turned a profit in its combined streaming businesses for the first time, driven by its ESPN+ subscription service, according to the company’s latest earnings report. ESPN+ saw a profit of $66 million, which helped Disney’s streaming services eke out a profit of $47 million during the company’s fiscal third quarter of 2024.Streaming subscriber growth has also slowed down.

BuzzFeed’s revenue during the second quarter of 2024 fell 24% to $46.9 million, excluding the Complex Networks properties it sold off earlier this year. It reduced its net loss from operations to $6.5 million in the quarter, compared to $22.5 million last year, and generated $2.7 million in adjusted earnings before interest, taxes, depreciation and amortization.Revenue for the company’s

The ad industry’s annual Cannes Lions festival in June is an occasion for the entire media and ad industry to gather together at parties, on yachts, at beach clubs and in private cliffside villas. Outsiders may wonder whether any real work gets done, which seemed to be a question Netflix’s new ad president, Amy Reinhard—a newcomer to the ad industry—had when she attended this past June.

Disney has hired Adam Smith, a longtime Google and YouTube executive, as its new Chief Product and Technology Officer, overseeing both Disney’s entertainment division and ESPN. Smith will be responsible for tech development and strategy for Disney’s streaming services, advertising technology and other tech-related initiatives, the company said.Next year, Disney is planning to launch a new

Paramount Global's board committee that oversees any bids to buy the company announced that it has received an offer from billionaire Edgar Bronfman Jr. and other backers.

The Redstone family’s recent decision to sell Paramount Global, as well as Warner Bros. Discovery’s loss of NBA broadcasting rights, reflect the perilous state of traditional TV companies, mostly due to the slow decline of the hugely lucrative cable TV machine. Of the traditional TV firms, ...

Google’s YouTube isn’t the focus of the Justice Department’s second antitrust case against Google, now on trial in a Virginia courthouse. The case centers on the tech giant’s dominance of tools used by other companies buying and selling ads across the web and whether that sway hurts independent ...

"The Lord of the Rings: The Rings of Power" Courtesy of Amazon Studios

Publishers are happy that the Department of Justice sued Google over its control of online display advertising. But some would have preferred to have seen the case brought five or six years ago—when the gap between what publishers and the tech giants generate from online ads was not as wide as it is today.

As Facebook owner Meta Platforms has backed away from news, Microsoft’s LinkedIn has leaned into it.