Author: Shelby Brown
Recent Post:
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Actors and Studios Are at a $480 Million Impasse To End the Strike
When talks between SAG-AFTRA and Hollywood studios to end the actors strike broke down last week, the Alliance of Motion Picture and Television Producers, AMPTP, said the “gap” between the two parties was “too great.” Actors are demanding a new streaming residual formula of $500 million, but the AMPTP is only willing to pay $20…
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Apple Card Users Could Be In for a Shake Up If Partner Goldman Sachs Drops Apple
Apple Card could be in for a big shake-up, and it’s all because of partner Goldman Sachs. The investment bank, which worked with Apple to introduce the tech giant’s credit card, is considering getting out of the consumer lending business, according to The Wall Street Journal. That could potentially leave millions of Apple Card customers…
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The IRS Claims Microsoft Owes $29 Billion in Back Taxes. Microsoft is Appealing
Apparently, even Microsoft has problems filing taxes. The Internal Revenue Service on Wednesday sent Microsoft a Notice of Proposed Adjustment for the tax years 2004 to 2013. The IRS is seeking an additional tax payment of $28.9 billion in addition to penalties and interest, according to a Securities and Exchange Commission filing from Microsoft. Microsoft…
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Paramount Will Continue Selling Content to Netflix and Others To Keep Paramount+ Afloat As Strike Continues
Paramount CEO Bob Bakish has plans to keep the company’s streaming service, Paramount+, profitable amid the ongoing actors strike. During a Tuesday Q&A at MIPCOM, the CEO said Paramount will continue to license content beyond its own channels, Advanced Television reported. As an example, Paramount unveiled a multi-year deal with Greek pay-TV service Cosmote TV.…
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Sony Might Buy Disney+ Hotstar and Other India Assets
Sony Pictures Entertainment, the global entertainment unit of Japan’s Sony Group, is in preliminary talks with Disney to acquire the media titan’s India assets, according to Business Today via The Mint (a paywalled publication.) People familiar with the matter said the discussions are a contingency plan for Sony in case its merger with Zee Entertainment…
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YouTube TV Plans to Improve NFL Sunday Ticket Before Signing New Sports Deals
YouTube TV hasn’t ruled out a potential bid on NBA rights, but for now the video-sharing company plans to refine its NFL Sunday Ticket. Disney/ESPN and Warner Bros. Discovery currently NBA domestic rights but contracts will be up for renewal following the 2024-2025 season. In addition, more streaming services have entered the live sports business…
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Blockbuster and Redbox Are Trolling Netflix’s Plans for Physical Stores
Last week Netflix announced plans to open physical “experience” stores that will offer patrons themed food, show merchandise, the chance to meet actors, and watch ticketed shows. Video rental companies Blockbuster and Redbox shared their thoughts on the news yesterday. “Oh boy … Should we tell Netflix how this ends?” Blockbuster posted on X, formerly Twitter.…
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Netflix Will Start Streaming Live Sporting Events On November 14
Netflix said on Tuesday that it will premiere its first-ever live sports event. The Netflix Cup will pair off athletes from Formula 1: Drive to Survive and Full Swing in a match play tournament at the Wynn Golf Club in Las Vegas. The event will kick off the first ever Formula 1 Heineken Silver Las…
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Netflix is a Streaming Juggernaut. Can it Take on Gaming Too?
Netflix is putting more resources into establishing itself in the video game industry, according to The Wall Street Journal. The streaming giant is working on expanding its offerings to include bigger games that can be streamed from TV and PC. Netflix subscribers will soon be able to play games based on the Korean thriller Squid…
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The Death of DVDs? They May Soon Join VHS Tapes in the Bygone Media Graveyard
It’s been a rough year for DVDs and Blu-Rays. Over the years, mass viewer migration to streaming services has sent physical disc sales into a downward spiral. In August, trade association DEG: Digital Entertainment Group reported that U.S. physical media revenue fell from $1.5 billion in the first half of 2022 to $754 million in…