Disney and Verizon Extend Disney+ Marketing Partnership
The extension highlights how important the Verizon service has been in getting people to sign up for Disney+_.
Entertainment
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Trump Orders ByteDance to Sell TikTok’s U.S. Business Within 90 Days
The new executive order makes it clear that the only likely outcome for TikTok in the U.S. is a sale to an American buyer.
Media Mogul Sumner Redstone Dies at 97
Redstone's death follows a long period where he was out of the public view, and his daughter Shari had taken control of his companies, Viacom and CBS (now merged.)
Microsoft Delays Halo Game in Blow to New Xbox
Microsoft said it will delay the release of a new Halo videogame until next year, in a blow to the launch of an upcoming Xbox game console.
Apple Signs Production Deal With Martin Scorsese
The deal is for television and movie projects made by his production company.
CuriosityStream to Go Public
The educational streaming service founded by the former CEO of Discovery plans to go public through a $330 million merger with a special purpose acquisition company.
WarnerMedia Lays Off Employees
The company is expected to shed 600 employees, mainly at Warner Bros.
Report: Microsoft May Acquire All of TikTok
Instead of just acquiring TikTok's U.S., Canada, Australia, and New Zealand operations, Microsoft is said to be mulling a buyout of the entire business.
ViacomCBS Hits 16.2 Million Paid Streaming Subscribers
The company is planning to launch its new streaming service in the U.S. and abroad next year.
Roku Reports Advertising Growth Amidst Pandemic
The company reported a 46% jump in its platform segment revenue, a sign that advertisers are still spending on streaming devices despite the pandemic.
The New York Times Hits Records in Digital
The quarter marked the first time digital revenue exceeded print revenue.
Tencent Seeking a Merger of China’s Two Biggest Game Streaming Sites
Combining game streaming platforms Huya and DouYu could create a $10 billion company and 300 million users.
Disney Earnings Take Huge Hit on Parks Closures
The coronavirus caused a $3.5 billion negative impact on the parks and resorts segment.
NBCU Begins Layoffs
The reductions in staff are expected to be less than 10%.