It was a strange week in which two things simultaneously became true: artificial intelligence is starting to look like a short-term bubble on Wall Street even as the technology continues to penetrate every industry, including previously skeptical circles within entertainment. On one hand, big AI shares plummeted this week as investors cycled out of speculative …
What a week for Warner Bros. Discovery, whose stock soared Thursday based on reports that the newly Skydance Media-powered Paramount plans to make a play for the iconic studio. So much to break down: Wall Street has been buoyed by renewed enthusiasm over artificial intelligence that added roughly $100 billion to Larry Ellison’s wealth after …
What a week for Warner Bros. Discovery, whose stock soared Thursday based on reports that the newly Skydance Media-powered Paramount plans to make a play for the iconic studio. So much to break down: Wall Street has been buoyed by renewed enthusiasm over artificial intelligence that added roughly $100 billion to Larry Ellison’s wealth after …
It’s starting to get a little ridiculous, but Google’s YouTube shows no signs of bowing to traditional media (or even pure-play streamers) as it officially reached six months in a row on top of Nielsen’s Media Distributor Gauge in July. The platform now sucks up 13.4% of all TV viewing. That means YouTube – which …
The brain trust at Skydance Media gave us a good glimpse at how the new Paramount under their control will look at the world – and it’s through decidedly tech-covered (smart?) glasses. One of the most interesting revelations that came out of the company’s Los Angeles press conference Wednesday at the Paramount studio lot was …
It would be wrong to characterize Netflix these days as a “black box” that keeps us guessing. Executives like co-CEOs Ted Sarandos and Greg Peters, as well as CFO Spencer Neumann, are consistently open about their plans if not necessarily consistent in implementing them (like launching an ad tier after saying they never would, although …
Artificial intelligence continues to drive the news cycle even as most media executives remain unsure about how exactly to fully leverage it across the enterprise. In many ways, this week was yet another reminder that AI moves fast – really fast – and execs that survive the next five years are probably the ones learning …
“This has been a good start to what I expect will continue to be an intense year.“ – Meta CEO Mark Zuckerberg Meta founder and CEO Mark Zuckerberg doubled down on artificial intelligence this week as the company laid out “five major opportunities” that execs hope will catapult profits into the, uh… metaverse… over the …
Apple remains one of the most innovative and powerful companies on the planet, with nearly $400 billion in annual revenue and close to $100 billion in annual profit. But that doesn’t mean it’s invincible. This week brought reports of a major shakeup within the company’s artificial intelligence division where John Giannandrea will apparently move aside …
In the Golden Age of Hollywood that ran from the 1920s to the 1950s, MGM and Paramount Pictures dominated with the biggest movies, stars, and box office. Paramount even controlled its own vast theater chain until the U.S. Supreme Court’s 1948 Paramount Decree forced divestiture. Fast forward to today, and the global Internet has largely …
