Media mergers Tag

By Jessica Toonkel November 9, 2018 | AT&T’s WarnerMedia has approached Comcast’s NBCUniversal to discuss ways of working together, including about licensing films or TV shows for WarnerMedia’s planned new streaming service, according to two people familiar with the discussions. The approach signals that AT&T wants to strengthen its hand in competing with Walt Disney, Netflix and other rivals. In particular, the...

By Mike Fleming Jr. October 8, 2018 |  Sources said there shouldn’t be much surprise when an announcement is made as early as later this week about the new Disney-Fox film structure. Alan Horn will be top dog. Several levels below is anyone's guess. There are sharp executives, but they will have to wrap their arms around the fact that a large part of their...

August 23, 2018 | Walt Disney Co. has been the consistent leader among media and entertainment companies in the Management Top 250 ranking, but Netflix Inc. has made the biggest gains. At No. 53 overall, the studio was the highest-ranked company in the industry sector in the latest analysis. Although the Management Top 250 was first published in December, it was calculated back to 2012. Walt Disney...

By Meg James July 27, 2018 | Walt Disney Co. and 21st Century Fox Inc. shareholders on Friday overwhelmingly approved Disney’s proposed $71.3-billion takeover of much of Rupert Murdoch’s 21st Century Fox — a milestone in a merger that is expected to dramatically reshape the entertainment industry. The deal’s contours began to form nearly a year ago over wine between Disney Chief Executive...

By Cynthia Littleton Jul 19, 2018 | As it moves closer to completing its acquisition of 21st Century Fox assets, Disney is preparing to overhaul the leadership of Disney/ABC Television Group. 21st Century Fox president Peter Rice and Fox Television Group chairman Dana Waldenare slated to relocate to Disney in senior posts overseeing TV operations. Current Disney/ABC TV Group president Ben Sherwood is expected to transition to a new role at...

By Gerry Smith and Anousha Sakoui July 19, 2018 | Following a bidding war with Disney, Comcast concluded that the price for the Fox assets was too high, according to a person familiar with the matter who asked not to be identified because the decision process was private. Another hurdle was the regulatory requirement to divest Fox’s regional sports networks as part...

By Joe Pompeo July 15, 2018 | As a result of the never-ending AT&T-Time Warner combination, John Stankey has gone from being Richard Plepler’s suitor to becoming his boss. (On Thursday, despite the deal’s closure, the Department of Justice announced it would appeal a federal verdict that approved the sale.) Subsequently, the media world has become endlessly fascinated by how a...

By Cynthia Littleton July 12, 2018 | SUN VALLEY, Idaho — Jeff Bezos had the Allen & Co. conference crowd transfixed on Thursday morning as the Amazon CEO spoke about the evolution of his company, what he looks for in leaders, and his ambitious plan to develop the world of outer space for the betterment of humanity. Bezos was the headliner of Day 3 of...

By Dino-Ray Ramos July 8, 2018 | AT&T executive-turned-head of Warner Media John Stankey spoke at a town hall in New York and addressed the changes to come for HBO after the  $85.4 billion merger between AT&T and Time Warner. Although Stankey didn’t mention streaming services like Netflix and Hulu, there were hints that he wanted to pave a road to be more of a streaming giant considering the...

By Paul Bond June 27, 2018 | Amazon should buy CBS so that its Prime Video subscription service can give Netflix a run for its money, an analyst said in a research note he distributed to clients this week. "Despite all of Amazon's many accomplishments, Prime Video appears to be lagging in both usage and reach," wrote Michael Nathanson of MoffettNathanson, an independent...