NBA and Warner Bros Call a Truce in Broadcast War!
Warner Bros. Discovery has reached a settlement with the NBA over its breach-of-contract lawsuit, ensuring a decade-long partnership. The agreement, finalized on Saturday, November 18, will be formally announced next week. The deal gives Warner Bros. Discovery broad rights to broadcast NBA content in the U.S. and internationally while the NBA avoids a lengthy legal…
John David
New Chairman at Helm: A New Direction for Disney
Disney has been having a tough time lately. Now, it is about to have its fourth board chair in the last three years as the company continues to navigate the challenges presented by the media industry. According to the company, chairman Mark Parker will step down by the end of 2024. Meanwhile, James Gorman, the…
DirecTV vs Disney: FCC Complaint Over Licensing Dispute
DirectTV, one of America’s biggest multichannel video programming distributors, has filed an antitrust lawsuit against Disney for wrongfully negotiating a football deal. The company filed a formal complaint with the FCC (Federal Communications Commission), alleging that Disney did not negotiate in good faith. A spokesperson for DirecTV said that Disney had breached the FCC’s good…
Viewers Feeling the Brunt of the Disney & DirecTV Dispute
There are always disputes in the entertainment industry, and more often than not, the viewers have to pay the price of such disputes. A similar instance occurred on Sunday when many DirecTV subscribers were left without access to popular networks like ESPN and ABC, cutting the viewership of the U.S. Open Tennis championship. The dispute…
Disney’s Massive Expansion Plan: Will It Make A Difference
Last year, Disney announced that it would be investing around $60 billion in expanding its theme parks and cruise business, double the amount that the company had previously invested in the last decade. This resulted in Disney’s share price dropping more than expected. According to sources, Wall Street wanted the specifics of the expansion, but…
After Revenue Numbers, Disney Faces a Bit of a Conundrum
After a long time, Disney returned to profitability in the third quarter of the financial year, thanks to its streaming business, which made money for the first time ever. The profitable quarter can also be attributed to the strong theatrical performance of their new movie, Inside Out 2. The operating income of Disney’s entertainment segment,…