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Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion
Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Source link
Warner Bros. Discovery Revenue Falls
The company’s streaming segment shed subscribers in the second quarter after the launch of its new service, Max. Source link
Fox to Wind Down Sports-Betting Site Fox Bet
The broadcaster is closing its sports-betting venture after it failed to grow as quickly as more dominant competitors in the market. Source link
Movie Industry Really Needs ‘Barbenheimer’ to Stretch Its Legs
What to Read Next Source link
At the Core of Hollywood's AI Fight: How Far Is Too Far?
Studios see potential in the technology, while actors, writers and other industry workers fear the worst. Source link
'Barbenheimer' Blowup Is a Flash in the Pan
“Barbie” and “Oppenheimer” did excellent business at the box office this weekend. But even that isn’t the most repeatable formula these days. Source link
Tucker Carlson's Fox Exit Helps Boost Newsmax Ratings
The surge for conservative news channel Newsmax has corresponded with a decline in Fox News’s prime-time ratings following Carlson’s exit. Source link
The Rise and Fall of the Chief Diversity Officer
“Everything is a battle.” Diversity executives hit the exits as company priorities shift. Source link
Streaming Brought Hollywood to a Standstill. Now Comes the Pain.
Hollywood’s biggest strike in 60 years is exposing industry fault lines, with traditional entertainment companies expected to take a near-term hit while streamers are better
Netflix's Show Doesn't Always Go On
Strong subscriber growth doesn’t deliver big revenue boost, and Hollywood strikes are having an impact. Source link