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OpenAI CEO Sam Altman Says Arrival of AI ‘Superintelligence’ Will Be ‘More Intense Than People Think’

Sam Altman, CEO of artificial-intelligence power player OpenAI, believes that the next major developments in the AI sector will be more disruptive than people expect. Altman, speaking at the New York Times’ DealBook Summit in New York City on Wednesday, predicted that as soon as 2025 the industry will begin to see the first examples […]

Walmart Closes $2.3 Billion Acquisition of Vizio

Walmart announced the completion of its $2.3 billion all-cash acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business. The closing of the deal follows the expiration of the waiting period under federal regulations. Walmart announced the deal to buy Vizio in February 2024. Walmart said the acquisition of […]

Is Comcast’s Cable Spinoff a Buyer or a Seller?

Comcast is carving off most of its cable channels. Will its new spinoff be a hunter or prey? The media giant last week put an upbeat spin on its move to shed what Wall Street sees as an albatross — the bulk of NBCUniversal’s cable networks, which have seen their revenue growth stymied by the […]

Comcast CEO Brian Roberts Sells $20.4 Million in Company Stock

Brian Roberts, chairman and CEO of Comcast, has sold $20.4 million worth of shares in the media and cable giant, a small portion of his holdings. The 469,515 shares Roberts sold on Nov. 26 represent less than 2% of his Comcast stock ownership. The Class A shares he sold were restricted stock units and options […]

At Comcast’s Cable Networks, Staffers Express Uncertainty, Disappointment and Skepticism — but Also Optimism — About Looming Spin-Off

What’s the mood of the rank and file at the NBCUniversal cable networks and businesses Comcast intends to spin off next year? As you would expect, there’s a degree of anxiety over the move to create “SpinCo,” carved off from Comcast and NBCU, with a number of unanswered questions about what’s next. And there’s dismay […]

MrBeast’s Controversial ‘Beast Games’ Sets Prime Video Premiere Date, Releases Teaser Trailer for ‘Squid Games’-Inspired Competition Show

MrBeast is the ringmaster for a “Squid Game”-style winner-take-all battle for $5 million in his forthcoming “Beast Games” show for Amazon’s Prime Video. “Beast Games” will premiere Dec. 19, exclusively on Prime Video. On Monday, MrBeast — the massively popular YouTuber whose real name is Jimmy Donaldson — posted a teaser trailer for the show […]

Promoter Behind Jake Paul-Mike Tyson Fight Responds to ‘Baseless Claims’ Boxing Match Was Rigged: ‘Illogical and Inane’

Jake Paul’s Most Valuable Promotions, the company that partnered with Netflix for the Nov. 15 livestreamed fight between Paul and Mike Tyson, has responded to allegations that the match was somehow rigged or faked. “Following the wide circulation of incorrect and baseless claims that undermine the integrity of the Paul vs. Tyson event, Most Valuable […]

Disney CEO Bob Iger Sells $42.7 Million Worth of Company Stock

Bob Iger, chief executive of Disney, cashed out a chunk of his stock options worth $42.7 million, according to a regulatory filing. Iger sold 372,412 shares of Disney on Nov. 22, with an aggregate market value of $42,667,125.16, according to an SEC filing. Those shares were vested stock options Iger was granted in 2014 that […]

SiriusXM Will Make It Easier to Cancel Subscriptions in N.Y. After Judge Rules Company’s Practices Violated Federal Law

SiriusXM will revise the process of canceling subscriptions in New York to make it faster and easier, after a judge found it broke the law by failing to provide “simple mechanisms” for quitting. New York state Supreme Court Justice Lyle Frank ruled that SiriusXM violated the federal Restore Online Shoppers’ Confidence Act of 2010 because […]

DirecTV Ditches Dish Deal

The U.S.’s two satellite TV providers aren’t getting hitched anymore, at least anytime soon. DirecTV on Thursday formally announced that it was nixing the agreement with EchoStar to buy Dish Network. The deal is being terminated effective as of 11:59 p.m. ET on Nov. 22, DirecTV said. DirecTV’s official termination of the agreement follows Dish […]

Paramount Global Grants Two Senior Execs $1 Million Bonuses If They Stay on Through Skydance Deal Close

Paramount Global is offering $1 million retention bonuses to two top executives, contingent on them remaining with the company through the close of the Skydance Media merger. On Thursday, the media conglomerate — parent of CBS, Paramount Pictures, and cable networks including MTV and Comedy Central — said it was granting $1 million potential cash […]

Disney’s Hulu, Fox Entertainment Ink Four-Year Streaming Deal Renewal

Hulu will continue to be the U.S. streaming home for Fox’s “The Simpsons,” “Family Guy,” “The Masked Singer” and other shows for at least the next four years. Fox Corp.’s Fox Entertainment and Disney’s Hulu announced a multiyear renewal of their content partnership, encompassing in-season streaming rights for Fox’s programming slate. The agreement also includes […]

Amazon Taps Jennifer Hudson, Martha Stewart and More to Host Black Friday Shopping Shows Powered by TalkShopLive

The day after Thanksgiving, Jennifer Hudson and Martha Stewart will suit up to pitch Amazon special deals, as part of a series of live shopping shows produced by video-commerce company TalkShopLive. Amazon’s TalkShopLive shows on Black Friday (Nov. 29) will be hosted by Stewart, Hudson, actor Eva Mendes and Kimberly Schlapman (of country supergroup Little […]

Comcast Announces Spin-Off of Most Cable Networks Into New Company to ‘Set These Businesses Up for Future Growth,’ CEO Brian Roberts Says

Comcast is officially cutting the cord on most of its cable networks. The company announced a plan Wednesday that will offload the bulk of NBCUniversal’s financially challenged cable portfolio — excluding Bravo — into a new entity owned by Comcast shareholders. The thinking is the new company will be positioned to acquire other media and […]

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