Universal Has A Big Stake In Beats That's Worth Nearly $500 Million
Little known to most everyone is that Universal owns a 14% stake in Beats, which at the rumored $3.2 billion sale price equates to a windfall of $448 million for the world's largest record label.
NBC's New Olympics Deal Means A Windfall For The NBA
The NBA's current TV contract expires in two years, and as the only major sports league or property whose rights become available before 2020, the league is about to score a big-time payday.
Univision CEO Says Comcast-Time Warner Cable Merger Is Bad For Hispanic Consumers
Randy Falco, who previously served as one of the highest-ranking executives at NBC, said on Univision's first-quarter earnings call Monday that the Comcast-Time Warner Cable merger is bad for competition, particularly for Hispanic consumers. NBC owns Univision's top competitor, Telemundo.
Rupert Murdoch Tweet Questions Google's Ethics, Twitter Dies From Irony
Remember phone hacking?
Amazon, HBO Hit Back At Netflix With Streaming Deal
The deal announced Wednesday will make The Sopranos, Six Feet Under, The Wire, and other HBO shows available on Amazon Prime Instant Video.
Netflix Says It Will Raise Prices, Opposes Comcast-Time Warner Cable Merger
The streaming video service's CEO, Reed Hastings, made the comments in his first-quarter letter to shareholders. Netflix also said it added 4 million global subscribers for a total of 48.35 million.
Why Royal Caribbean’s Newest Ship Represents A Critical Test For The Cruise Industry
Quantum of the Seas sets sail in November and could mark the beginning of boom times for the industry. Or forever doom it to a niche vacation option with limited appeal.
Makeup Brand Julep Raises Another $30 Million In Venture Capital
The company, which uses social media to crowdsource ideas and launch new products, has raised a total of $56 million over three funding rounds.
Why Big Media Won't Stand Up To Comcast
CBS, Time Warner, Viacom, 21st Century Fox, Disney, Discovery, and other big media companies weren't at Comcast's Senate panel hearing Wednesday. The eternal forces of fear and greed.
NBC Universal CEO Wants To Get Paid For Ratings Gains Among 18- To 49-Year-Olds
Steve Burke made the pitch during an on-the-record lunch with reporters ahead of next month's upfronts and just two days before parent company Comcast is due to defend the merits of its $45.2 billion merger with Time Warner Cable before the Senate.
Order Is Restored To The House Of Murdoch
All Rupert Murdoch had to do to reposition his eldest son Lachlan as his successor, which is what he always wanted, was break up his media empire.
Disney Names Ben Sherwood As New Leader For ABC
The announcement comes less than two weeks after Anne Sweeney said she would be leaving. A successor to Sherwood at ABC News has not yet been named.
The Regulatory War Between Comcast And Opponents Of Its Time Warner Cable Deal Has Officially Begun
Securing approval for its $45.2 billion deal will be a bare-knuckle brawl unlike any other Comcast has faced.
Why Bob Iger May Not Leave Disney In 2016
There is growing speculation — or perhaps a better word is hope — that Iger, Disney's current chairman and CEO, will extend his contract and remain with the company past the June 30, 2016, date currently set for him to retire.
eBay CEO Takes On Icahn In New Video Sent To Employees
In the video, which was forwarded to BuzzFeed by a source, eBay CEO John Donahoe dismisses the billionaire hedge fund manager's campaign to force a sale or spin out of PayPal as an attempt at "short term financial maneuvering to drive the stock price up."
The Most Powerful Woman In Hollywood Is Leaving Her Job
Anne Sweeney, president of the Disney/ABC Television Group, announced via an interview in The Hollywood Reporter that she was stepping down.
What 18 Of The Biggest Technology And Media Companies Earn Per Employee
Apple makes nearly half a million dollars for each of its 80,300 employees, by far the most of any company on the list.
Mark Zuckerberg Comes Of Age As A Mogul
The Facebook CEO has grown into a cocksure leader, solid operator, and gutsy deal-maker, even if the casual dress remains.
Exclusive: OpenTable Competitor CityEats Is For Sale
No appetite for the service among consumers.
Why The Comcast-Time Warner Cable Merger You Hate Will Be Approved Anyway
Comcast has been through this type of regulatory dance before, and has always won.