Latest in Corporate Affairs

WWE is continuing to deal with fallout from sexual-abuse allegations facing its former longtime chief Vince McMahon, with shares in parent TKO Group Holdings slipping Monday as investors weigh the potential downside. Shares in TKO fell 4.4% today on nearly twice their normal trading volume, closing…

While he’s never been busier, David Oyelowo has delivered a career’s worth of terrific performances going back to his work as the empathetic agent Danny Hunter in the British series MI5: Spooks. Oyelowo, whose turns include playing Martin Luther King Jr in the Ava DuVernay-directed Selma, just got a…

Roku was a champ. Lionsgate surged and Netflix jumped. Tech shares went bananas in 2023. Big media stocks had a mixed year of transition dominated by Hollywood strikes with linear television declines and streaming losses. Paramount fell. Disney and Fox were basically flat on the year. Giants Comcast…

UPDATE, 5:43 PM: Ari Emanuel has received an early Christmas present courtesy of a LA Superior Court judge. Peeved at Wall Street, the Endeavor CEO may be evaluating "strategic alternatives” for the currently publicly traded entity but at least he won't have to go to mattresses over "theft of …intellectual…

As 2023 began, Covid was waning, Top Gun: Maverick was a billion-dollar Oscar Best Picture nominee, and Shari Redstone’s place in the media firmament felt secure after a years-long quest to reunite CBS and Viacom. At year’s end, the narrative has dramatically changed. Paramount Global, which…

Peacock has tapped Zaid Al-Asady as Executive Vice President, Brand Creative and Marketing. In his new role, Al-Asady will lead brand strategy for the streamer to set the vision for the brand. Al-Asady will also have oversight of Peacock's social team and will be responsible for driving the Peacock…

UPDATED with U.S. debut. Spotify, which last month launched audiobooks in the UK and Australia as part of its offerings for Premium subscribers, has expanded the new business to the U.S. U.S. subscribers will now have access to 200,000 audiobook titles, the company announced Wednesday. At launch, 15…

With its shares in free fall after a dismal third-quarter earnings report, Dish Network executives faced the music with Wall Street, conceding in an earnings call that they face an array of intensifying challenges. “We have a narrow path, but there is a path, to achieve financial stability and make…

Paramount Global shares fell nearly 9% midway through the trading day after veteran media analyst Jessica Reif Ehrlich delivered a harsh verdict on the stock. The BofA Securities analyst downgraded the stock to “underperform,” or sell, in a blistering note to clients whose headline declared that…

Starz plans to lay off 10% of its staff and exiting the UK and Australia ahead of its separation next year from Lionsgate. The news was relayed to employees today in a memo from CEO Jeffrey Hirsch (read it below) and confirmed to Deadline by a person familiar with the moves. “As difficult as it…

Fox President of Insight and Analytics Michael Mulvihill said the all-time low rating for the World Series this year is no cause for alarm for Major League Baseball or his network. “Obviously, it's more fun when ratings are up and the Series goes 6 or 7 games,” the exec wrote in a thread on…

Cinemark CEO Sean Gamble said Apple and Amazon, two behemoths of the tech world but newcomers to the wide-release movie business, are so far “very pleased” with their results. During a conference call with Wall Street analysts to discuss third-quarter results, the major exhibitor boss said…