Animal Planet
Warner Bros Discovery expects streaming profits to double, sets 150 million users goal
By Harshita Mary Varghese and Aditya Soni February 27, 2025 – 7:46 AM PST (Reuters) – Warner Bros Discovery said it expects…
$70 million investment
As Trump’s Presidency Begins, CNN Set To Lay Off Hundreds Of Employees
Following the inauguration of 47th President Donald J. Trump, CNN boss Mark Thompson announced that the struggling cable network will lay off 200 employees in an effort to pivot to a more digital-centric strategy.
Advertisers
Netflix shares hit record as subscriber growth defies odds once again
Shares of Netflix soared 13% to an all-time high after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter.
Business
Failure to launch: Big media pulls the plug on Venu sports streamer
Walt Disney, Fox and Warner Bros Discovery on Friday abandoned plans to launch Venu Sports, their live sports joint venture.
ABC
Disney’s Hulu + Live TV business to combine with Fubo, clearing way for Venu Sports
Walt Disney Co said it would merge its Hulu + Live TV business with FuboTV in a deal that also potentially clears the way for the launch of its sports streaming venture.
Colin Farrell
Colin Farrell’s transformation into ‘The Penguin’ stuns co-stars
When Colin Farrell looked in the mirror after donning prosthetic makeup for his role as the title character in the Max series “The Penguin,” he could no longer recognize himself.
ABC
Disney and DirecTV aim to renew deal ahead of NFL season
Walt Disney and DirecTV are racing to renew their distribution agreement before the current pact expires on Sunday.
Business
Verizon offers free Netflix subscription with NFL+ bundle
Verizon said it will offer 12 months of Netflix Premium plan for free to customers who purchase one year of the NFL’s exclusive premium streaming service.
ad-supported plan
Netflix upfront ad commitments surge as NFL games, Squid Game boost appeal
Netflix saw a more than 150% surge in upfront ad commitments for this year thanks in part to the NFL games coming on Christmas Day.
antitrust practices
US judge delays launch of sports streaming venture from Disney, media giants
A U.S. judge temporarily blocked the launch of a new sports streaming service backed by three media giants, Walt Disney, Fox and Warner Bros Discovery.