business
Disney to Phase Out Hulu App, Fully Integrate into Disney+
SummaryThe standalone Hulu app will be fully integrated into Disney+ in 2026The Hulu brand will also replace the international Star tile on Disney+This move is a long-term play to consolidate services, cut costs, and boost engagementIn a move that signals a new chapter for its streaming strategy, Disney has announced that the standalone Hulu app will be phased out and fully integrated into Disney+ in 2026. This decision, revealed during the company's quarterly earnings call, aims to create a "unified app experience" that combines Disney's premium brands with Hulu's general entertainment, all under one roof.This consolidation follows Disney's recent acquisition of NBCUniversal's remaining stake in Hulu, giving the media giant full control over the streaming service. While the Hulu app will ...
WWE Strikes $1.6 Billion USD Deal With ESPN
SummaryWWE signed a five-year, $1.6 billion deal with ESPNAll WWE Premium Live Events will move exclusively to ESPN's new streaming service in 2026The deal is a five-year agreement and will run from 2026 to 2030In a landmark agreement that reshapes the sports entertainment landscape, WWE has finalized a multi-year deal with ESPN, granting the Disney-owned company exclusive U.S. domestic streaming rights to all WWE Premium Live Events. The deal, valued at $1.6 billion USD over five years, marks a significant strategic victory for WWE and a pivotal move for ESPN's ambitious new streaming service.The agreement, which begins in 2026, will see all of WWE's marquee events—including WrestleMania, SummerSlam, Royal Rumble and Survivor Series—move exclusively to ESPN's platforms in the U.S. This ma...
Bad Bunny’s Puerto Rico Residency to Generate Over $200 Million USD Economic Impact
SummaryBad Bunny’s 30-night Puerto Rico residency is projected to generate over $200 million USD in economic impactIt expects 600,000 visitors, boosting tourism and creating thousands of jobs for the islandInitial shows are exclusive to Puerto Rican residents, reflecting Bad Bunny’s focus on his homelandGlobal music icon Bad Bunny's highly anticipated "No Me Quiero Ir de Aquí" (I Don't Want to Leave Here) residency is projected to deliver a massive economic boon to Puerto Rico, with a study estimating its total global economic impact of over $200 million USD. This 30-night concert series, which kicked off today at the Coliseo de Puerto Rico in San Juan and runs through September 14, is set to significantly boost the island's tourism sector and local economy, bringing in approximately 600,0...
Scooter Braun To Step Down as CEO of HYBE America
SummaryScooter Braun has officially resigned as CEO of HYBE America to pursue new ventures, transitioning into an executive advisory roleDespite stepping down as CEO, Braun will remain a director on HYBE's Board of Directors and serve as a Senior Advisor to HYBE's Chairman and CEO, Bang Si-HyukIn a significant development within the global music and entertainment industry, Scooter Braun has officially stepped down from his role as CEO of HYBE America, the U.S. subsidiary of the South Korean entertainment giant, HYBE Corporation. The announcement, made today, signals a strategic transition for Braun, who will now move into an executive advisory role. This announcement comes a year after Braun retired from artist management.Braun's departure from the CEO position allows him to pursue new ven...
Warner Bros. Discovery Is Splitting Into Two Companies
SummaryWarner Bros. Discovery announced plans to separate into two independent publicly traded companies by mid-2026One company will focus on Streaming & Studios (HBO, HBO Max, Warner Bros. film/TV, DC Studios, led by David Zaslav)The other company is split as Global Networks (CNN, TNT Sports, Discovery, led by Gunnar Wiedenfels)Warner Bros. Discovery (WBD) has announced a significant restructuring, revealing plans to split into two independent publicly traded companies by mid-2026. This strategic move, announced earlier this week, aims to sharpen the focus and strategic flexibility of its diverse assets amidst the ongoing shift from traditional cable to streaming services.This new company will encompass WBD's premium content creation arms, including HBO, HBO Max, the Warner Bros. Tele...
NFL Explores Foreign Team Ownership, Says Ex-Commanders President
SummaryFormer Washington Commanders President Jason Wright indicates the NFL is close to allowing foreign investment in team ownershipWright suggests the league will initially explore "partnership deals" with companies backed by foreign governments before direct investmentThe National Football League (NFL) is reportedly on the cusp of opening its doors to foreign investment in team ownership, according to Jason Wright, the former president of the Washington Commanders. Speaking on a sports business panel last week at Gabelli Funds’ annual Media & Sports Symposium in New York, Wright stated that his "experience in NFL circles suggests the league is close to opening itself up to foreign investment."While sovereign wealth funds from regions like Saudi Arabia, Qatar, and the United Arab Em...
Max Reverts Back to “HBO Max” in New Name Change
SummaryMax is slated to rebrand back to HBO Max this summerThe announcement comes just two years after HBO was dropped for the singular Max brandingWarner Bros. Discovery believes that returning to the original branding will help further drive successThis summer, Max is rebranding back to HBO Max just after two years of switching over. During this time, while HBO and Max have had separate commercial brandings, they still competed at industry awards under the "HBO/Max" label. The change was originally made when Warner Bros. Discovery dropped the "HBO" to make the streamer's name just "Max."The announcement of the reversing the branding comes also just less than two months after Max debuted its newly tweaked logo in the classic black-and-white color scheme. In the official press release, WBD...
TSMC Approaches Nvidia, AMD & Broadcom For Intel Chip Venture: Report
TSMC, the world's leading chipmaker, was asked by the Trump administration to bolster Intel's production capabilities.
Netflix Announces It Will Spend $18 Billion USD on Content This Year
Netflix is doubling down on providing more content this year. According to the streaming giant's CFO Spencer Neumann, Netflix is expecting to spend $18 billion USD in cash on content for 2025. Heading towards greater expansion, Neumann spoke at the 2025 Morgan Stanley Tech, Media & Telecom Conference telling the audience, "We're not anywhere near a ceiling." In regards to Netflix as a global entertainment company, he said, "I think we are still just getting started." The $18 billion USD cash content spending would be an 11% increase from last year's $16.2 billion USD. Neumann also spoke of the anticipated revenue from the spending and reveals that Netflix has "pretty good predictability about [it]" as the spending is seen as a way of achieving margin targets. At the end of 2024, Netfli...
Serena Williams Is Now Part-Owner of WNBA’s Toronto Tempo
Serena Williams has officially become a part-owner of Toronto's inaugural WNBA team. Taking to social media to announce her new role, Williams i slated to join the Toronto Tempo ownership group just ahead of its first season. In her social media announcement, Williams can be seen bouncing a tennis ball that then morphs into an official WNBA basketball alongside text that reads, "New Court, New Game." The 23-time Grand Slam winner said in statement, "This moment is not just about basketball; it is about showcasing the true value and potential of female athletes -- I have always said that women's sports are an incredible investment opportunity. I am excited to partner with Larry [Tanenbaum] and all of Canada in creating this new WNBA franchise and legacy." Toronto Tempo is primarily owned by...
T-Pain Is Selling Publishing Catalog and Select Masters to HabourView Equity Partners
In today's latest music industry moves, T-Pain has agreed to sell his publishing catalog and select masters to HarbourView Equity Partners. Selling over 50 million singles in the course of his career, T-Pain has cemented himself as an industry legend. He amasses billions of streams across the world and has accumulated over 10 Billboard Hot 100-charting singles. Some of his biggest hits have landed him six Grammys with this year marking two decades since the release of his most popular tracks, "Buy U a Drank (Shawty Snappin')," "Bartender (feat. Akon)," "I'm N Luv (Wit a Stripper) feat. Mike Jones," Flo Rida's "Low" and "I'm Sprung." In a statement regarding his most recent deal, T-Pain said, "I'm excited for this next chapter and to partner with HarbourView Equity as they help preserve the...
Live Nation Urban Announces Investment Partnership With Breakr, Which Aims To Empower Creators
Live Nation Urban announced an investment into Breakr. Founded by brothers Anthony and Ameer Brown, Break aims to empower creators.
