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NFL Launches Its Own Streaming Service, NFL+

The National Football League is entering the streaming wars with NFL+, a direct-to-consumer subscription service that launched Monday and will include access to live regular-season and playoff games.The move is yet another sign the NFL views streaming as key to its long-term success. While the league continues to command huge audiences and rights fees from traditional networks such as Walt Disney Co. DIS -0.03% ’s ESPN, Comcast Corp.’s…

‘Full Frontal with Samantha Bee’ Is Canceled After Seven Seasons

Samantha Bee’s TBS show has been canceled amid declining ratings, making the political satirist the latest casualty of cost-cutting by the new leadership at Warner Bros. Discovery Inc. The decision to pull the plug on “Full Frontal with Samantha Bee,” a weekly political-humor show that had been running for seven seasons, is part of a broader overhaul of the Warner Bros. Discovery cable networks, which include TBS and TNT. Samantha Bee’s TBS show has been canceled amid declining…

Hulu Is Driving More Streaming Subscribers to Disney Than Marvel or Star Wars

Hulu has emerged as Walt Disney Co. DIS 0.39% ’s fastest-growing U.S. streaming service, just as the company loads up on more adult-focused entertainment in a bid to expand its reach to a wider variety of viewers.New subscriptions to Hulu have outpaced those of Disney’s flagship streaming platform, Disney+, in 18 of the past 24 months, and total new subscriptions to Hulu have exceeded those to Disney+ in each of the last six quarters, according to data from…

K-Pop Band BTS Is Coming to Disney

The K-pop boy band BTS is set to release a documentary series and a concert film on Walt Disney Co.’s DIS 1.08% streaming services, including Disney+, as part of a deal between the entertainment company and the band’s label.The band members said last month that they would be taking time to focus on solo music, but they have shown few signs of slowing down. Disney said in a statement that it was working with HYBE, the band’s label, to release five titles on its streaming…

Netflix Interviewing Multiple External Candidates for New Senior Role Overseeing Ad-Supported Tier

Netflix Inc. NFLX -3.56% is searching for an executive to lead the creation of an ad-supported tier of its service, according to people familiar with the matter, and has interviewed candidates outside the company. Among the candidates is Pooja Midha, chief growth officer of Comcast Corp.’s CMCSA -1.63% advertising unit, who has interviewed with Netflix extensively in recent weeks, the…

Media, Tech Executives Descend on Sun Valley Conference as Recession Fears Loom

Listen to article(2 minutes)Media and technology titans are gathering this week in an Idaho ski town to discuss the future of their industry as it faces a potential global economic meltdown.Business leaders and politicians will convene at the Sun Valley Lodge in Idaho for investment bank Allen & Co.’s annual conference, often called the “summer camp for billionaires.” Listen to article(2 minutes)Media and technology titans are gathering this week in an Idaho ski town to discuss the future of their industry as it…

Disney Board Votes to Renew CEO Bob Chapek’s Contract

The board of Walt Disney said it has voted unanimously to renew Chief Executive Bob Chapek’s contract for another three years.The board’s chairman, Susan Arnold, said in a statement released Tuesday that while the company was “dealt a tough hand by the pandemic,” Mr. Chapek “not only weathered the storm but emerged in a position of strength.” The board of Walt Disney said it has voted unanimously to renew Chief Executive Bob Chapek’s contract for another three years.The board’s chairman, Susan Arnold, said in a

CAA Completes $750 Million Deal for Rival Talent Agency ICM Partners

Updated June 28, 2022 4:11 pm ETListen to article(2 minutes)Creative Artists Agency completed its acquisition of ICM Partners, a deal that combines two of the entertainment industry’s biggest agencies at a time of tremendous change in the media landscape.The deal is valued at $750 million, according to a person familiar with the terms of the transaction. Updated June 28, 2022 4:11 pm ETListen to article(2 minutes)Creative Artists Agency completed its acquisition of ICM Partners, a deal that combines two of the…

Shanghai Has Reopened, but Not Disneyland

HONG KONG—Shanghai is emerging from a monthslong Covid-induced lockdown, but for many companies across China, it still isn’t business as usual because of concerns about future lockdowns.Economists and business executives say the recent cycle of pandemic restrictions will paralyze future decisions and consumer activity as leader Xi Jinpinghas reaffirmed his commitment to crushing outbreaks with strict regulations. HONG KONG—Shanghai is emerging from a monthslong Covid-induced lockdown, but for many companies across