Media & Advertising

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Netflix Shares Slide on Weaker-Than-Expected Q3 Outlook

The streaming company’s shares fell more than 8% in after-hours trading after the streaming giant issued third-quarter revenue and earnings guidance below Wall Street expectations.

Thomson Reuters to Sell 51% Stake in Global Print Business to KKR for $500 Million

Thomson Reuters will sell a 51% stake in its Global Print business to KKR for about $500 million while retaining editorial control, intellectual property rights and a 49% stake in the new joint venture.

US States Challenge Paramount’s $110 Billion Warner Bros Acquisition

Key Highlights California, among others, is fighting to block Paramount’s $110 billion acquisition of Warner Bros. Discovery. The states say the merger will form a giant media company capable of increasing prices in film and television. Paramount claimed competition in…

Apple Escalates Dispute With OpenAI in Trade Secrets Case

Meta has discontinued its AI image feature just days after launch, pulling the Instagram tool after user feedback and criticism over its opt-out process and use of public content.

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MEDIA & ADVERTISING

Amazon Faces ACCC Lawsuit Over Prime Video Ads

Australia's competition regulator has taken Amazon to the Federal Court, alleging unfair contract terms allowed changes to Prime Video subscriptions after customers had already paid, leaving annual members to pay extra to continue watching without advertisements.

By Pooja Malik