Traditional TV crumbles as streaming finally claims the viewing throne
Nielsen reports streaming has surpassed cable and broadcast combined with 44.8% of TV viewership, while Netflix leads paid services and YouTube sees 120% growth since 2021.
Paramount slashes jobs as streaming wars intensify
Paramount Global is slashing its U.S. workforce by 3.5% as it takes "hard, but necessary steps to further streamline" the company, according to a memo obtained by FOX Business.
Fox Business Briefs 6/10
Paramount Cutting Another 3.5% of Its domestic workforce; JoAnn, Macy's part of retail closure surge; DSW store chain owner pulls outlook as sales fall; Small biz owners are feeling better about the economy.
Warner Bros. Discovery announces major corporate restructuring to separate streaming from cable
Warner Bros. Discovery plans to split into two companies by separating its studios and streaming from cable TV networks to better compete in the evolving media landscape.
Disney unveils new direct-to-consumer ESPN streaming service with $29.99 price tag
Disney's new direct-to-consumer streaming service to use one of its most popular cable networks' name with ESPN and will include a number of channels.
Trump's foreign movie tariff would 'devastate' Hollywood workers, film producer says
Film producer Bradley Gallo discusses whether President Donald Trump's tariffs can revive the Hollywood film industry on 'Varney & Co.'
Martin Scorsese Presents: The Saints tells the story of Moses the Black
'Martin Scorsese Present: The Saints' actor Diouc Koma discusses the eight-part docudrama hosted, narrated, and executive produced by Martin Scorcese on 'Varney & Co.'
Netflix is ‘running away’ with the streaming market, says Mark Mahaney
Evernote ISI senior managing partner Mark Mahaney explains why Netflix stock is a good investment despite competition for streaming competitors on ‘Varney & Co.’
Netflix raises US subscriber prices, attributes success to 'Squid Game,' NFL games, Paul-Tyson fight
Netflix on Tuesday increased its subscriber pricing after announcing a record-breaking fourth quarter.
Disney's Hulu Live + TV and Fubo to combine
Disney and FuboTV on Monday announced a planned merging of Hulu Live + TV and Fubo. Disney will have a 70% ownership stake in Fubo when the deal closes.
Disney streaming prices going up in October
Entertainment giant Disney said Tuesday it plans to increase how much it charges for subscriptions to its three streaming platforms in the U.S. as of Oct. 17.
Netflix eliminating cheapest ad-free plan for US customers
Streaming giant Netflix announced it is nixing the Basic plan for U.S. and French subscribers as it reported its second-quarter earnings on Thursday evening.
Netflix beats subscriber targets, cautions ad revenue may take time to ramp up
Netflix added over 8 million subscribers in its second quarter as the streaming platform reaped the benefits of its password-sharing crackdown and the popularity of new programs.
Paramount-Skydance merger: What strategies execs plan to use for streaming
Skydance Media and RedBird Capital Partners executives shed some light on what strategy they intend to use to approach Paramount Global’s streaming business.
Paramount+ price hike: Here’s how much streaming subscriptions will cost
Paramount Global said Monday that Paramount+ with Showtime and Paramount+ Essential will receive a price hike for new monthly subscribers come Aug. 20.
Netflix lands three-season NFL deal, will stream Christmas Day doubleheader
Football fans received an early Christmas gift when the NFL announced Netflix has acquired the rights to the league’s two Christmas Day games in 2024 as part of a three-year deal.
Embrace of streaming television bundles is growing
Companies have been embracing streaming bundles more and more, with the latest to announce a bundle being Comcast. That bundle will consist of Peacock, Netflix and Apple TV+.
Disney shares sink as streaming business falls shy of profitability
Disney reported fiscal second-quarter results on Tuesday. Its combined streaming business of Disney+, Hulu and ESPN+ came very close to turning a profit.
Max to offer paid-sharing in password-sharing crackdown
Warner Bros. Discovery will reportedly implement paid-sharing on Max as it gets stricter this year about subscribers letting other people use their accounts.
Netflix password crackdown delivers millions of new customers
Netflix showed that its password-sharing crackdown continues to bear fruit, delivering its strongest first-quarter customer additions since the pandemic.