More from Georg Szalai
Rupert Murdoch’s Payday Hits $23M in Final Full Year Atop Fox Corp., Lachlan Murdoch Scores $21.7M
Rupert Murdoch and son Lachlan received $22.9 million and $21.7 million in compensation packages from Fox Corp. in the fiscal year that ended June 30, 2023, the parent company of Fox News has revealed. It will be the final full year in which Rupert Murdoch led the company as chairman, as he will step down and become chairman emeritus […]
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Succession, Rupert-Style: What Wall Street Makes of Murdoch’s Retirement
Executive retirements at age 92 don’t typically come as much of a surprise — unless the person stepping aside is a media mogul called Rupert Murdoch. After Fox Corp. and News Corp. said on Thursday that Murdoch would step aside as chairman of both his companies, effective as of the annual meetings for both firms in […]
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ITV CEO on “Appalling” Behavior in the Industry: “Strong Leaders” Must Focus on “How Talent Is Managed”
U.K. TV giant ITV’s CEO Carolyn McCall said on Thursday that “strong leaders” must ensure talent is managed properly to avoid “appalling” behavior in the TV industry. Speaking in a keynote at the Royal Television Society (RTS) Cambridge Convention days after allegations against Russell Brand were reported, she was asked about reports on complaints about […]
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Liberty Global CEO on Possible “Bittersweet” All3Media Sale, Strikes and Disney-Charter
The Hollywood strikes, the Disney-Charter carriage dispute and deal, a possible sale of production giant All3Media (The Traitors, Fleabag, 1917), and even his move from the U.S. to the U.K. – those were among the topics that Liberty Global CEO Mike Fries discussed at an industry conference on Wednesday. In a keynote session at the […]
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Disney Theme Parks in Focus After Investor Event: What Wall Street Liked and What Left It “Frustrated”
The Walt Disney Co. hosted Wall Street representatives at Walt Disney World Resort in Orlando early this week for the Hollywood conglomerate’s 2023 investor summit focused on the Disney Parks, Experiences and Products (DPEP) unit, led by its theme parks. At a time when much debate has centered on Disney’s future ownership and plans for streamer Hulu, along with the […]
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Sky Calls on U.K. Government to Help Boost Its Economic Contribution by $12.4B
The British media and entertainment sector could be worth ?53.0 billion ($65.5 billion) by 2033, up from ?43.0 billion ($53.1 billion) in 2021, potentially bringing an additional ?10 billion ($12.4 billion) to the U.K. economy, Comcast-owned European media and technology giant Sky said on Wednesday, unveiling a new report that also urged political leaders in […]
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Sky CEO Is “Quite Optimistic” on HBO Pact in U.K., Signals No Sale for Germany Unit With “Potential”
Comcast-owned European TV giant Sky is optimistic about being able to continue its role as the home of HBO in the U.K. and bullish about its business opportunity in Germany, CEO Dana Strong told an industry conference on Wednesday. Her comments come during a year that has seen recurring market chatter about a possible sale […]
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In TV’s Wild West, Which Channels Will Be Dropped Next?
Walt Disney’s new carriage agreement with cable giant Charter Communications is widely seen as a game-changer for the pay TV and streaming sectors, creating a new blueprint for how such deals are structured. Analysts and industry sources point to two key pieces of the deal that will likely be felt: ad-supported streaming in the bundle, […]
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BBC Removes Russell Brand Content, Saying It “Now Falls Below Public Expectations”
The BBC said Tuesday that it has removed programming featuring Russell Brand from its streaming services iPlayer and BBC Sounds, saying it has “assessed that it now falls below public expectations.” The comedian faces accusations of rape, sexual assault and emotional abuse, which he has denied. An investigation by The Times, Sunday Times and Channel […]
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SkyShowtime Names Mark Neil CFO, Francesca Pierce to Become Chief Administration Officer
SkyShowtime, the European streaming joint venture of Comcast and Paramount Global, has named Mark Neil chief financial officer (CFO), with current CFO Francesca Pierce taking on the newly created role of chief administration officer, the company said on Tuesday. Neil will begin his role in January and join from A+E Networks EMEA, where he has […]
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U.S. Ad Forecast Raised for 2023, 2024, but Strikes, Ratings Drops Cause TV “Challenges”
Media investment company Magna has boosted its U.S. advertising market forecasts for 2023 and 2024, citing an improving economic outlook, better-than-expected year-to-date trends and upgrades to its digital media growth projections, partially offset by downgraded ad expectations for traditional media owners, including in television. “Total advertising spending re-accelerated in the second quarter of 2023. Sales were up […]
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Russell Brand Accusations: Banijay U.K. Launches “Urgent Internal Investigation”
Following accusations of rape, sexual assault and emotional abuse against Russell Brand covering a seven-year period at the height of his fame, which were unveiled on Saturday based on a The Times,?The Sunday Times and?Channel 4 Dispatches investigation, the U.K. arm of big production company Banijay said on Sunday that it has launched an “urgent” […]
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