In a significant development within the media landscape, Shari Redstone has decided to terminate the negotiations between her company, National Amusements Inc. (NAI), and Skydance Media over the sale of her controlling stake in Paramount Global. This decision was first reported by The Wall Street Journal and marks a pivotal moment in the ongoing restructuring efforts at Paramount. NAI expressed its appreciation for Skydance’s efforts, stating, "NAI is grateful to Skydance for their months of work in pursuing this potential [...]

In a legal drama worthy of a Netflix series itself, Fiona Harvey, the Scottish woman who claims the character Martha in Netflix’s hit miniseries "Baby Reindeer" is based on her, has filed a lawsuit against the streaming giant for negligence and defamation, seeking at least $170 million in damages. Harvey filed her complaint Thursday in a United States district court in California, alleging that Netflix and "Baby Reindeer" creator Richard Gadd told “brutal lies” about her to “attract more viewers,” [...]

Hollywood's top crew union, the International Alliance of Theatrical Stage Employees (IATSE), and the Alliance of Motion Picture and Television Producers (AMPTP) are poised to schedule additional negotiation dates for their Basic Agreement discussions. Despite a three-day extension of talks that concluded early Thursday morning, the parties failed to reach a new agreement. The union announced that negotiations will continue “as soon as next week.” This comes after the initial bargaining period, which ended on May 16, also failed to [...]

Streaming bundles are gaining traction, offering a fresh take on the old cable TV model. As media companies seek to attract and retain customers, they are forming partnerships to offer discounted packages of their streaming services. This summer, Disney and Warner Bros. Discovery (WBD) are set to launch a Disney+-Hulu-Max bundle. Following this, Disney, WBD, and Fox Corp. will introduce the Venu Sports bundle of live channels in the fall. In a similar vein, Comcast recently rolled out StreamSaver, which [...]

Apple is stepping into the world of artificial intelligence (AI) with new features for its iPhone, iPad, and Mac devices. At the Worldwide Developers Conference (WWDC), Apple announced updates available later this year, under the banner Apple Intelligence. The Cupertino company is integrating OpenAI's ChatGPT into Siri to make it smarter and more helpful. "This is more than artificial intelligence; it’s personal intelligence," said CEO Tim Cook. iPhone users will have free access to ChatGPT through Siri, with advanced features [...]

There is a new race in artificial intelligence: the race to bring AI to your phone. Yes, companies want your smartphone to become even smarter. But do you want it? Do users care? According to Ed Ludlow, co-host of Bloomberg Technology covering tech and innovation from San Francisco, the answer is no, not yet. “Generative artificial intelligence is cool and all, but it’s not top of mind for most consumers in a smartphone upgrade cycle,” he writes in his latest [...]