Warner Bros. Discovery Inc. will merge its HBO Max and Discovery+ streaming services into a single platform and offer ad-supported versions of the new product in 2023, the entertainment giant announced on its second-quarter earnings call. Executives did not reveal a unified brand name for the service, though Warner Bros. Discovery streaming head JB Perrette did say that HBO remains “the ultimate brand that stands for television quality,” easing concerns that the company was planning to gut HBO Max in the wake of the merger. (Variety)
Twitter Inc. announced that brick-and-mortar businesses will now be able to display their addresses, hours of operation and methods of contact at the top of their profiles, as part of an effort to strengthen brands’ presence on the app. Twitter will also soon roll out Professional Home, a central hub where businesses can track performance. (Adweek)
7-Eleven Inc. has acquired the food delivery startup Skipcart, according to two people with knowledge of the deal. The Texas-based startup, which was reportedly valued at $65 million in 2020 and counts Applebee’s and Red Lobster among the retailers for which its network of drivers delivers goods, could alter 7-Eleven’s existing relationship with DoorDash Inc. (The Information)
Warner Bros. Discovery, which shut down the nascent CNN+ streaming hub in April just weeks after it debuted, will launch a CNN Originals section on the subscription-video hub Discovery+, creating a new venue for CNN series and documentary films, as well as original programs from sister cable network HLN, which focuses largely on true-crime content.
The WGA said today that it has prevailed in a huge “self-dealing” arbitration against Netflix that it says will result in hundreds of writers on more than 100 Netflix theatrical films receiving an additional $42 million in unpaid residuals.
Executives at Facebook parent Meta Platforms and Google parent Alphabet are feeling the pressure, so they’re giving employees a kick in the pants. After years of rapid hiring, productivity at the tech giants is suffering, as revenue and free cash flow per employee decline.
Clark is one of several influencers — predominantly white women — who are part of breakup TikTok, a space full of tears, sad music, and “healing journeys.” Content creators in this space spurn the traditionally upbeat or glamorized format of social media, favoring videos that are raw, open, and often heart-wrenching.
At CAA, Popper will be responsible for overseeing a team of executives focused on the agency’s metaverse strategy, both internally and for clients. She will work closely with Alexandra Shannon, CAA’s head of strategic development, and Adam Friedman, an executive guiding agents across departments who work with NFTs.
Tiffany & Co. is taking non-fungible tokens (NFTs) into the physical realm with a pricey new necklace offered exclusively to holders of CryptoPunks art, a set of pixelated-looking avatars that have become popular in cryptocurrency-adjacent circles.
DoorDash Inc. soared after the company reported revenue that beat analysts’ expectations, boosted by a record number of orders, showing customers’ appetite for takeout isn’t waning despite rising inflation.
If you’re paying close attention to Gigi Hadid’s best summer looks, you might have noticed a trend emerging. In addition to showing us how to fabulously style jorts, the 27-year-old model has quietly dropped hints on a need-to-know affordable brand: Storets.
Zillow Group Inc. shares fell as much as 11% after the company’s third-quarter outlook came in below expectations as a slowing US housing market looks poised to reduce demand for real estate advertising.
Plant-based burger maker Beyond Meat Inc. plunged in late trading after the company slashed its revenue outlook for the full year — a sign that interest in its products is slipping amid heightened competition and high inflation.
A new proposal by Rep. Rashida Tlaib calls for streaming services like Spotify to divert some of their record profits to musicians in the form of direct royalties. An indie-rock veteran (remember Galaxie 500?) explains why your favorite major-label artists have yet to join the chorus of calls for change.