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President Donald Trump announced the U.S. will guard the Strait of Hormuz and impose a 20 per cent cargo fee. Oil prices rose after missile exchanges, while separate Australian developments included housing polls, an AI copyright proposal, union pressure, and the death of actor S…
A Wells Fargo research note argues that Disney could increase its share price by 40 percent by returning to a model focused on content production and licensing rather than direct distribution. The report estimates potential annual licensing revenue of up to $15 billion if Disney'…
PNC Financial Services data shows average consumers reduced home entertainment spending in June 2026 compared with a year earlier. Gen Z and Millennial consumers each trimmed transactions by about 4 percent. Multiple companies raised prices for devices and subscriptions in recent…
forbes.comLenders led by Deutsche Bank have started selling Television City after Hackman Capital Partners defaulted on more than $357 million in debt. The studio complex has hosted shows including All in the Family and American Idol.
hollywoodreporter.comTwenty-three production assistants on the upcoming CBS drama filed Friday to join Production Assistants United. The move marks the group's first effort at a CBS Studios production.
croatiaweek.comA coalition of music organizations launched simple icons to flag AI use in recordings. The voluntary labels separate fully AI-generated tracks from those created mostly by humans. Deadline reported backing from major industry bodies including the RIAA and IFPI.
japantoday.comA Japan Publicity Right Protection Organization study found 43,483 suspected copyright infringements from AI-generated content over two months in 2025. Losses for celebrities and artists reached up to ¥4.5 billion.
Jimmy Donaldson earned $300 million in the past year, according to Forbes. His YouTube channels hold more than 640 million subscribers and generate more than 5 billion views annually.
VarietyGilles Pélisson was unanimously reelected to lead Unifrance for another three years. The organization promotes French film and television productions at international festivals and markets.
bleedingcool.comComcast announced plans to separate its NBCUniversal and Sky entertainment holdings into a standalone company. The cable operations will remain under Comcast ownership. The separation is scheduled for completion in mid-2027.
livemint.comThe British government is weighing whether to step into the proposed takeover of Warner Bros. Discovery by Paramount Skydance over concerns about media plurality in the UK. A final decision has not been made, and the buyer has until July 6 to respond.
ForbesAdult Swim announced new programming during a presentation at the 2026 Annecy International Animation Film Festival. The network greenlit a series about three frogs robbing a bank and scheduled two Robot Chicken specials.
Comcast announced on June 29, 2026, that it will separate NBCUniversal and Sky into a new publicly traded media company. The spinoff process is expected to take about one year and requires regulatory and board approvals. Shares rose between 17% and 24% in pre-market trading.
ForbesThe Warner Bros. film earned $38 million in its first three days. It received a 56 percent critics score on Rotten Tomatoes and a B-minus audience grade on CinemaScore.
medium.comThe 50 highest-earning social media creators collected $1.02 billion in the past year. The total rose 20 percent from 2025 and 80 percent from the first list in 2022.
680news.comJosh D'Amaro, who became Disney CEO in March, has ten executives reporting directly to him. Dana Walden serves as president and chief creative officer under the new structure.
mumbrella.com.auA Los Angeles County report estimates the $111 billion Paramount-Warner Bros. Discovery merger could eliminate 2,500 local jobs and 6,000 positions worldwide. The combined company carries an $82 billion debt load and plans $6 billion in savings through consolidation.
upi.comThe Justice Department cleared a major media merger involving Paramount. The approval coincides with a UFC event on President Trump's birthday.
The Hollywood ReporterThe Directors Guild of America finalized a tentative four-year contract on Tuesday. Three other major unions also concluded agreements without strikes or public disputes.
usmagazine.comZac Efron has been living in Australia while overseeing construction of a self-sustaining residence on a 128-hectare rainforest property he bought in 2020. The project uses plant-based materials and is designed to support local wildlife.
usmagazine.comA music executive previously convicted on prostitution-related charges now faces additional accusations involving a minor. The new claims were reported by a news outlet on June 10, 2026.
About 100 people gathered in Los Angeles on Saturday to oppose the deal. Organizers said the merger would reduce jobs and competition in the entertainment industry.
decider.comMusician Abel Tesfaye, performing as The Weeknd, earned an estimated $298 million in the past year. His After Hours Til Dawn Tour sold more than 7.5 million tickets across 153 shows.
Usa TodayA former chief of staff filed a response disputing most allegations in a December 2024 complaint. The suit alleges involvement in sex trafficking and related claims tied to hotel-room arrangements between 2019 and 2021.
The GuardianGerman director Wim Wenders has removed his film Wrong Move from circulation after a scene showed actress Nastassja Kinski topless at age 13. The decision follows Kinski's public comments that the director did not protect her during filming.
BBC NewsThe director said an AI system from Black Forest Labs helped him create and share storyboard images more quickly. Some industry members criticized the move over concerns about artists' jobs and training data.
nypost.comThe 20-year-old director’s debut horror film and Curry Barker’s “Obsession” drove strong youth attendance and helped push May box office above $1 billion for the first time since 2019.
deccanchronicle.comA senior Disney AI executive has posted more than a dozen times about an AI assistant he calls his son. Employees have discussed the posts on internal forums and described them as unsettling.
prnewswire.comTEA figures indicate Universal parks recorded the largest percentage attendance gains among major operators from 2005 to 2024. Disney parks maintained the highest total visitor counts but showed slower percentage growth over the same period.
MarketWatch reported that political concerns over changes at CBS may prompt Democratic state attorneys general to review the proposed Paramount merger even if federal regulators approve it.
DeadlineThe Paley Center for Media named four media executives to its board of trustees. The nonprofit organization focuses on preserving media history and examining media's role in society.
EngadgetElevenLabs signed a licensing agreement with Stan Lee Universe to include the late comic creator's voice and image in its AI voice, reading, and image products. The deal covers commercial licensing and non-commercial creative use.
koreatimes.co.krSouth Korean police arrested a YouTuber on Tuesday on charges including spreading false information. The man is accused of using artificial intelligence to create an audio recording and doctoring text messages that implicated an actor in dating a minor.
ForbesThe 2026 horror film Obsession has earned $23.9 million in its second weekend, a 39 percent increase over its opening. Distributor Blumhouse is now weighing a longer theatrical run before the movie reaches paid video-on-demand.
Fox NewsA longtime television reporter stated that the president was personally involved in the decision to cancel a late-night comedy show. The network had cited financial losses when announcing the cancellation last summer.
nypost.comTom Hardy was removed from the Paramount+ crime drama MobLand after production wrapped on season two. Multiple reports cited on-set issues involving the actor, executive producer Jez Butterworth, and co-star Helen Mirren.
gamereactor.euZA/UM has announced a new game following the departure of several original team members. The studio said the project continues work on the intellectual property.
foxbusiness.comTake-Two Interactive confirmed the November 19 launch date for Grand Theft Auto VI after reporting fourth-quarter results that exceeded expectations. The company issued cautious guidance for the coming fiscal year, prompting a decline in shares during regular trading.
newser.comLee Mendelson Film Productions filed four federal lawsuits Wednesday alleging unauthorized use of Vince Guaraldi compositions from Peanuts television specials. The suits target the U.S. Department of the Interior, Heritage Auctions, Buckle-Down Inc., and GameMill Entertainment.
ForbesCBS will air the final episode of The Late Show with Stephen Colbert on Thursday. The network cited annual financial losses of $40 million as the reason for the cancellation.
nypost.comCBS will replace Stephen Colbert's Late Show with a lower-cost program called Comics Unleashed. The network has lost an estimated $40 million annually on the current format.
hollywoodreporter.comCBS will conclude its Late Show franchise this week after 33 years. The program featured interviews with political figures and entertainers. Ad revenue declined from $121 million in 2018 to $70 million last year.
Le MondeThe French government spokeswoman on Tuesday encouraged women to report sexual violence even decades later. The comments came as singer and actor Patrick Bruel faces multiple investigations in France and Belgium.
wwd.comThe actors were honored as next-generation talents at the annual Chopard Trophy gala held at Carlton Beach during the Cannes Film Festival. French actress Isabelle Huppert presented the awards and delivered a speech on the nature of acting and cinema. The event drew numerous film…
ForbesAmazon MGM Studios announced the casting process for the 26th official James Bond film is underway, with Denis Villeneuve directing and Steven Knight writing. Veteran casting director Nina Gold will lead the search for the actor to succeed Daniel Craig, who retired from the role…
nme.comChristopher Nolan confirmed the roles in a Time Magazine interview published Tuesday. Elon Musk criticized the choices on X, repeating an earlier accusation that Nolan had lost his integrity. Whoopi Goldberg addressed the resulting controversy on The View.
GB NewsNina Gold is leading the casting effort to find Daniel Craig's successor after producers Michael G. Wilson and Barbara Broccoli handed creative control to Amazon MGM Studios in February 2025. Director Denis Villeneuve and screenwriter Steven Knight have been attached to the first…
kff.orgThe revised state budget includes $14.3 million for antitrust work in 2026-27, declining to $10.5 million in 2029-30. Officials cited reduced federal enforcement as increasing the state's workload in the sector. The funding comes as state officials review a proposed merger betwee…
DeadlineCo-heads of sales Ryan Gould and Robert “Bobby” Voltaggio acknowledged industry change and the looming Paramount acquisition during the company’s upfront presentation on Wednesday. The deal, valued at $110 billion, is expected to close by September after regulatory and shareholde…
SemaforParamount sent a letter to California officials last week stating that its proposed takeover of Warner Bros Discovery is not intended to reduce movie theater releases. The company said theaters will remain essential to the industry. California Attorney General Rob Bonta responded…
ForbesGold House hosted its fifth annual Gold Gala on May 9, 2026 at the Music Center in Los Angeles. The event honored the 2026 Gold100 List of the 100 most impactful Asian Pacific leaders and presented special awards to several individuals. More than 650 people attended the ceremony…
electricliterature.comA screenwriter who creates shows for Paramount, Hulu and the BBC has completed 20 AI training contracts across five platforms in eight months. The individual earns between $52 and $70 per hour rating chatbot responses, annotating images and videos, and conducting safety tests.
deadline.comThe WGA West Staff Union ratified its inaugural collective bargaining agreement by a vote of 89 percent, securing wage increases and workplace protections after nearly three months on the picket line. The deal ends an 82-day work stoppage that began in February following negotiat…
ForbesRecent quarterly results from several entertainment companies indicate a move away from prioritizing streaming subscriber growth toward sustainable profits, consolidation and premium experiences. Disney reported its streaming services reached sustainable profitability while Param…
The Hollywood ReporterThe Writers Guild Staff Union announced Saturday that 89 percent of its members voted to ratify a three-year contract, formally ending an 82-day work stoppage. The deal includes wage increases totaling more than $500,000, a salary floor raised from $43,000 to $57,000 and new prot…
nypost.comFirst-time actor Matthew Ables was paid $238.50 for appearing as an extra in two scenes of The Devil Wears Prada 2. After buying a required suit for the role, he netted $28.50. Ables described his 15-hour workday on the production, which was filmed last summer in New York.
nypost.comThe Late Show with Stephen Colbert will feature appearances by Jimmy Fallon, Jimmy Kimmel, Seth Meyers, John Oliver and David Letterman in its final weeks. CBS canceled the program in 2025 for financial reasons with the last episode scheduled for May 21. The show launched a podca…
The Hollywood ReporterCrunchyroll announced plans for its first Anime Future Forum, an invite-only summit bringing together Japanese anime executives with counterparts from Hollywood, technology, gaming and music. The one-day event is scheduled for Oct. 7 at the Jacob K. Javits Convention Center along…
The IndependentWalt Disney reported revenue of $25.2 billion for the January through March period, exceeding analyst estimates of $24.78 billion. Shares rose more than 4 percent in premarket trading. New chief executive Josh D'Amaro projected 12 percent adjusted earnings growth for fiscal 2026.
app.buzzsumo.comThe thriller, written and directed by Brian Welsh from an original story by Steven Soderbergh, is filming in the U.K. and Malta. Lewis will play Barnaby Towan alongside Galitzine as Stanley Atwell and Ella Purnell as Pamela. Hera Pictures, John Gore Studios and Protagonist Pictur…