Latest in Corporate Affairs

Disney CEO Bob Iger has changed strategic course on Hulu, revealing that “cordial” and “constructive” discussions have started with Comcast about Disney acquiring its one-third stake in the streaming service. “I mentioned on the first earnings call that I did [in February] when I came back that…

"Does the state want us to invest more, employ more and pay more taxes or not?" Disney CEO Bob Iger rhetorically asked today of the on-going attacks on the Mouse House by Florida Governor Ron DeSantis. "There’s .. a false narrative that we’ve been fighting to protect tax breaks as part of this,' the…

Disney will roll out a single streaming app with programming from Hulu and Disney+ by the end of this year. CEO Bob Iger announced the move during the company’s fiscal second quarter earnings call, describing it as a “logical progression of our DTC offerings.” Disney+, Hulu and ESPN+ will continue to…

The Walt Disney Co. reduced losses in its streaming business by 26% (about $200 million) in its fiscal second quarter as the company’s overall results matched Wall Street expectations. The streaming story included some mixed indicators, however. Flagship service Disney+ had its second straight…

Nexstar CEO Perry Sook says the Hollywood community has “responded” to the company’s overhaul of The CW, and sports rights conversations have been “steady” since the company started airing LIV Golf this year. “They’re talking to everybody in Hollywood,” Sook said of CW chief Dennis Miller and…

Kristin Dolan, who took over earlier this year as CEO of AMC Networks, said the company is “very well positioned” to manage through the WGA strike. Speaking on the company’s first-quarter earnings call, Dolan said AMC Networks is in good shape “through this year and into next year, so we have no real…

"Make no mistake: the current position of the studios is a threat to the economic model that for decades has protected tens of thousands of good, union jobs in our industry," says Directors Guild of America president Lesli Linka Glatter today, one week after the Writers Guild went out on…

AMC Networks posted first-quarter earnings well ahead of Wall Street estimates, boosting shares in pre-market trading. The parent company of cable networks AMC and IFC and streaming services AcornTV and Shudder had earnings per share of $2.36, down a tick from the $2.38 reported in the year-ago…

Dish Network execs said the company has fully overcome last February’s cyberattack, describing press reports about the severity of the episode as “exaggerated.” Addressing Wall Street analysts on the company’s first-quarter earnings call, CEO Erik Carlson said customer databases were not breached in…

Nexstar Media Group, which owns The CW and the largest group of local TV stations in the U.S., is adding an independent station in San Diego to its portfolio. The company has agreed to pay $35 million to acquire KUSI-TV (Channel 51) from McKinnon Broadcasting Company. It will join Nexstar-owned Fox…

(Updated with more studios information & WGA response) Hollywood is in the throes of its biggest labor action in 15 years as the Writers Guild of America is on strike after the collapse of talks with the studios earlier this week. However, for WGA members who are active showrunners, some of the studios…

Warner Bros Discovery’s hour-long earnings call with Wall Street analysts Friday morning included nary a mention of the WGA strike, unlike many other such calls in recent days. But the company’s CEO told CNBC’s Squawk Box in an appearance prior to the call what he believes will bring the impasse to…