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NBA Files Motion to Dismiss WBD Lawsuit

The NBA asked the New York Supreme Court to dismiss the lawsuit from Warner Bros. Discovery which sought to act on a matching rights clause that’d keep it as one of the league’s media partners. On Friday

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New MVPD Carriage for Cleo, Bounce Still on Table

Cleo TV kicked off August with launches with three new MVPDs—Mediacom, MCTV and Astound Broadband, helping it add 6 million subs since the end of June.

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Starz Split Still on Track

The full separation of Lionsgate’s studio business and Starz is still on track to wrap up by the end of 2024.

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AMC Networks Flaunts Free Cash Flow Amid Struggles

Add AMC Networks to the list of media companies recording a goodwill impairment charge during 2Q24.

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Paramount to Slash 15% Workforce, Taking $6B Write-down

With Paramount moving toward its proposed merger with Skydance, management used its 2Q24 earnings call to announce a 15% reduction in workforce to help it achieve $500 million in annual run rate cost savings headed into 2025.

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Disney Streaming Businesses Profitable for First Time

Mouseketeers celebrated as Disney revealed positive profitability on its combined streaming businesses in 3Q24.

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Fox Posts Mixed 2Q Results

Fox Corp.’s leadership was steady as the company posted its mixed results for fiscal 4Q24, but it’s already looking forward to 2025.

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Programming

Double Duty: Fubo Finds FAST Success Amid Venu Courtroom Battle

It was a busy Tuesday for Fubo as it not only checked in with its 2Q24 earnings results, but also kicked off the preliminary injunction hearing for its suit against Venu Sports partners Disney, Fox and Warner Bros. Discovery.

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