Author: Helen Coster

By Helen Coster and Samrhitha Arunasalam (Reuters) -Warner Bros Discovery warned Thursday that the dual Hollywood strikes by writers and actors could hit its flagging studio business already bruised by high-profile box office flops including “The Flash.” The strikes have disrupted most of the production for the fall TV season and halted work on films…

By Helen Coster and Jonathan Stempel NEW YORK (Reuters) -Fox Corp has settled for $12 million a lawsuit by former Fox News producer Abby Grossberg, who had claimed gender discrimination and accused the network’s lawyers of pressuring her to make misleading statements in the Dominion Voting Systems case, her lawyer Tanvir Rahman said on Friday.…

By Helen Coster (Reuters) -Digital World Acquisition Corp, a blank-check firm that is set to merge with former U.S. President Donald Trump’s media and technology company, said on Wednesday it had ousted Chief Executive Patrick Orlando. “Due to the unprecedented headwinds faced by the Company, the Board agreed it was in the best interest of…

By Dawn Chmielewski and Helen Coster (Reuters) -Florida Governor Ron DeSantis on Monday signed a bill that takes control of a special tax district surrounding Walt Disney World that for half a century allowed Walt Disney Co to operate with a high degree of autonomy. “The corporate kingdom finally comes to an end,” DeSantis said…

By Eva Mathews and Helen Coster (Reuters) -Paramount Global Inc will raise prices for its flagship streaming service in some markets this year, the CBS network owner said on Thursday, amid an extended weakness in the advertising market that has pressured revenue. Shares in Paramount, formerly known as ViacomCBS, were down 1.5% in a broadly…

NEW YORK • Fox Corp Chairman Rupert Murdoch is set to be questioned under oath on Tuesday in a defamation lawsuit over his network’s coverage of unfounded vote-rigging claims during the 2020 U.S. presidential election. Election technology company Dominion Voting Systems is seeking $1.6 billion in damages from Fox News Network, which it alleges spread…

By Helen Coster (Reuters) -The parent company of social media platform Parler and American rapper Kanye West, who now goes by Ye, have agreed to terminate the intent of the sale of Parler, according to a statement from Parlement Technologies on Thursday. “This decision was made in the interest of both parties in mid-November,” the…

By Eva Mathews and Helen Coster (Reuters) -Paramount Global reported forecast-missing quarterly revenue on Tuesday that sent its shares down 6%, but the media giant still added millions of streaming subscribers. Total revenue fell about 1% to $7.33 billion in the first quarter, below analysts’ estimates of $7.38 billion, according to IBES data from Refinitiv.…