At the San Diego International Film Festival, which ran from Oct. 15-19, Mark Hamill received the Gregory Peck Award for Cinematic Excellence. https://lnkd.in/g66-fKXV
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Variety is the #1 entertainment business news brand. Now celebrating its 119th year, Variety remains the most read showbiz publication in the world with over 30MM unique users/month and 14MM social followers. Featuring award-winning breaking news reporting, insightful award-season coverage, must-read feature spotlights and intelligent analysis of the industry’s most prominent players, Variety is the trusted source for the business of global entertainment. Read by a highly engaged audience of industry insiders, Variety’s multi-platform content coverage expands across digital, mobile, social, print and branded content, events and summits. For more, visit www.variety.com
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Updates
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YouTube TV is dropping ESPN, ABC and other Disney-owned networks after the two sides failed to reach a new carriage deal. Rival streamers are seizing the moment like Sling, which offers ESPN as part of its Sling Orange and bundled Sling Orange & Blue packages. https://lnkd.in/ehdhNJmv
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Netflix is “actively exploring” some type of acquisition bid for Warner Bros. Discovery and has retained investment bank Moelis & Co. to put together a prospective offer. Moelis was the financial adviser to David Ellison’s Skydance Media in its takeover of Paramount Global to former Paramount Skydance. Warner Bros. Discovery’s board last week announced that it had received in-bound M&A interest from “multiple parties” and has commenced a process to review such offers. https://lnkd.in/eF-fkSPx
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EXCLUSIVE: Gayle King, who has been the face of CBS News‘ morning show for more than a decade, is expected to depart as an anchor of the morning program next year. The negotiations are about to ensue just as Paramount is cutting ties with dozens of staffers at CBS News and hundreds more across the larger company. Read more here: https://lnkd.in/gPuR7Qn3
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Variety’s Dea Lawrence and Michelle Sobrino-Stearns celebrate at Variety Power of Women. J.Crew
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Paramount has begun its first major layoffs since merging with Skydance, with the David Ellison-led team cutting several TV executives. CBS News saw about 100 of the roughly 1,000 jobs expected to be eliminated. Read more here: https://lnkd.in/gWMmAuqf
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Meta saw its top-line revenue jump 26% to a whopping $51.2 billion in the third quarter, but a $15.9B tax hit from President Trump's One Big Beautiful Bill Act dragged earnings below Wall Street expectations. https://lnkd.in/e2-aZ63s
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AOL, the internet company, is being acquired by Italian tech roll-up company Bending Spoons for $1.5 billion. The acquisition is expected to close by the end of 2025. Read more here: https://lnkd.in/gq2NJfzz
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CBS News is overhauling its Saturday morning show following layoffs at parent company Paramount Global. The broadcast will now more closely match the format of its weekday morning programs. Read more here: https://lnkd.in/gH6SMbMP
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