Paramount completed its $110 billion acquisition of Warner Bros. Discovery, consolidating more than 200 million streaming subscriptions and nearly $70 billion in revenue under one roof as the company …
Walt Disney appointed Karandeep Anand, formerly Chief Product Officer at Character.AI, as its first-ever Chief Technology Officer, effective immediately, reporting to CEO Bob Iger at the Burbank headq…
Google has approached Disney, Universal, Warner Bros. Discovery and other studios about licensing intellectual property for its AI tools, but no agreements have been reached due to legal and union con…
In Q2 2026 13F filings, Dan Loeb's Third Point exited Nvidia, Broadcom, KLA, Lam Research, the VanEck Semiconductor ETF, and Meta, while building a new 20 million share position in Warner Bros. Discov…
Shareholder activism held steady in H1 2026 despite market volatility, with M&A and AI-related campaigns dominating, according to Diligent Market Intelligence (DMI). Notable contests included Paramoun…
Paramount Skydance has capped monthly Claude token usage for tech employees to control AI spending, a senior AI leader announced in an early-August Slack message. The limits, tailored by person and ne…
Paramount CEO David Ellison said on the company's earnings call Tuesday that the merger with Warner Bros. Discovery will proceed despite a legal challenge, and that AI will serve as a tool for human s…
ByteDance's Seed team shipped Seedance 2.5 on July 31, generating 30 seconds of video with synchronized audio in a single pass, double the length of Seedance 2.0 and triple that of Google's current mo…
Oracle Corp. co-founder Larry Ellison, who became the world's richest man on September 10, 2025, with a net worth of $393 billion after Oracle's stock surged 43% on a $300 billion AI cloud computing c…
Mark Zuckerberg and Ari Emanuel used Wall Street Journal op-eds to frame corporate consolidation as populist liberation, with Zuckerberg arguing against concentrated AI power while Emanuel backed Para…
HBO Max launches a TikTok-style vertical short-form feed called 'HBO Max Shorts' for iOS users in the US and an experimental AI search feature 'Ask HBO Max' for Android users aged 18 and older, parent…
Warner Bros. Discovery is launching a vertical video feed called 'HBO Max Shorts' on HBO Max, powered by an in-house AI tool that uses machine learning to suggest compelling scenes from thousands of h…
U.K. Culture Secretary Lisa Nandy remains in post under new Prime Minister Andy Burnham, overseeing the BBC's royal charter renewal and the Paramount/Warner Bros. Discovery merger, while Kanishka Nara…
Netflix disclosed in a July 2026 SEC filing that it paid $587 million in cash for InterPositive, the generative AI startup founded by Ben Affleck in 2022 to build filmmaking tools. The acquisition, an…
IBM's stock suffered its worst single-day drop in 115 years after the company reported faltering mainframe sales and software revenue, with management blaming AI spending but analyst Ben Thompson argu…
Morgan Stanley analyst Sean Diffley said AI will be key for the combined Paramount Skydance and Warner Bros. Discovery to extract value from their $111 billion merger, estimating 20% to 40% cost savin…
Tech CEOs and billionaires are descending on Sun Valley, Idaho, for the annual Allen & Co. conference, known as 'summer camp for billionaires,' with AI expected to dominate discussions. Leaders from A…
Allen & Co.'s Sun Valley conference in July 2026 attracted AI leaders including OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei, alongside media moguls discussing deals involving Comcast, Paramou…
Meta appointed Denise Moreno as its new chief marketing officer and Alex Schultz as its first chief data officer, signaling a shift toward AI-driven marketing. The executives emphasized blending AI wi…
Midjourney is asking a federal court to overturn a magistrate judge's order that allowed Warner Bros. Discovery, Disney, and Universal Studios to withhold most information about their AI use in a copy…