Latest in Corporate Affairs

Former ESPN President John Skipper, who led the effort to secure the current NBA rights deal, says incumbents Disney and Warner Bros. Discovery have no choice but to re-up with the league. “These are existential rights for ESPN,” he said during an episode of Pablo Torre Finds Out, a podcast…

Charter CEO Chris Winfrey acknowledged the company’s Disney carriage fight contributed to a loss of 320,000 video customers during the third quarter, but said the deal that resulted from the dispute represents “a significant step forward for the video ecosystem.” Speaking during the company’s…

Amazon reported third-quarter results well ahead of Wall Street forecasts, with total revenue at $143.1 billion and earnings per share of 94 cents. The revenue number, up 13% from the same period a year ago, soared past analysts’ consensus estimate of $133.4 billion. Analysts had expected EPS of 55…

Wall Street gave decidedly mixed reviews to Comcast’s third-quarter earnings report, even though the numbers beat analysts’ expectations on both the top and bottom lines. Shares in the media giant fell more than 8% to close at $39.15, in part due to investor angst over a surprising decline in…

Sensical, the kids streaming service run by Common Sense Networks, has launched on Prime Video Channels. The $4-a-month subscription offering gives Common Sense, the for-profit arm of Common Sense Media led by former Sony and Crackle streaming exec Eric Berger, a presence in SVOD, AVOD, mobile and…

Comcast beat Wall Street estimates for third-quarter revenue and earnings despite an 8% year-over-year drop in domestic advertising. The NBCUniversal parent reported revenue of $30.1 billion in the period ending September 30, up 1% from the same quarter of 2022. Earnings per share reached $1.08 on an…

Giant tech and media investor Silver Lake, which is Endeavor's largest shareholder, said it plans to propose taking the company private after Endeavor CEO Ari Emanuel announced it is evaluating “strategic alternatives.” "Silver Lake is committed to strategies that deliver value for all shareholders…

Mattel beat Wall Street expectations in the third quarter for revenue and adjusted earnings per share, thanks in large part due to the successful release of Barbie in July. Revenue in the period ending September 30 rose 9% over the same quarter a year ago to $1.9 billion. Earnings without a non-cash…

YouTube advertising revenue increased 12% to $7.95 billion in the third quarter compared with the same period a year ago, helping corporate parent Alphabet beat Wall Street expectations. Total revenue rose 11% over the year-earlier quarter to hit $76.7 billion, while earnings per share surged to…

UPDATED with closing price. Netflix shares came roaring out of the gate Thursday and never wavered amid a wave of Wall Street enthusiasm about its latest quarterly earnings report. The stock closed at $401.77, up 16%, on nearly five times normal trading volume. The dramatic upswing, the biggest…

A senior marketing executive at the NFL maintained that the league had nothing to do with helping to engineer Kansas City Chiefs tight end Travis Kelce’s ultra-viral courtship of pop superstar Taylor Swift. Marissa Solis, SVP of global brand and consumer marketing for the NFL, addressed the…

EXCLUSIVE: Ted Sarandos may have insisted today that he and other studio CEOs want to end the over three-month long actors strike and "get everyone back to work," but for SAG-AFTRA's chief negotiator, the Netflix boss is full of nothing but hot air. "Talking about putting people back to work while…