Latest in Corporate Affairs

YouTube TV is raising its monthly base price to $72.99 from $64.99, its first price hike in three years but a sign of the times for the internet pay-TV bundle sector. The increase, which subscribers learned about in a letter Thursday, will take effect during the first billing cycle on or after April…

Sean “Diddy” Combs on Wednesday bolstered recent media reports that he is kicking the tires of BET Networks, which is in the early stages of being shopped by parent Paramount Global. Combs would join other interested parties in a stake sale of Paramount assets (including BET’s linear…

Diamond Sports Group, operator of the largest string of regional sports networks in the U.S., has filed for Chapter 11 bankruptcy protection. The move, announced Tuesday night by the subsidiary of Sinclair Broadcast Group, had been expected for several weeks. The RSN model, which was a profit geyser…

YouTube TV is rolling out “multiview” streaming, enabling subscribers to view as many as four linear feeds simultaneously. The viewing option will roll out gradually for a subset of the subscriber base, with all 5 million-plus subscribers gaining access “over the next several months,” the company…

Meta Platforms, the corporate parent of Facebook, Instagram and WhatsApp, will cut another 10,000 jobs and undergo a hiring freeze in what CEO Mark Zuckerberg is calling the “Year of Efficiency” for the tech giant. Along with the layoffs, Meta will also close 5,000 open roles. In a blog post…

New York State regulators took over Signature Bank today, the second financial institution to fold in less than a week as the FDIC and Treasury, however, assured depositors at both that they would be made whole in an attempt to stem the growing crisis. Signature was a banker to crypto clients. It…

Hollywood production payroll company Wrapbook is among those affected by this week’s collapse of Silicon Valley Bank (SVB), which has now been taken over by the Federal Deposit Insurance Corporation. SVB, the 16th-largest bank in the US, was a financial hub for technology companies and venture…

The biggest bank failure since the financial crisis more than 15 years ago has hit streaming giant Roku. In an SEC filing Friday, the company disclosed that 26% of its cash was held at Silicon Valley Bank, and the funds were “largely uninsured.” The 16th largest bank in the U.S., with more than $200…

Disney CEO Bob Iger says the company still is being “very careful” with developing Star Wars feature films in the wake of Solo‘s soft box office, while Marvel is also getting a rethink in terms of how many sequels characters get. In an appearance at the Morgan Stanley Technology, Media and Telecom…

With the fate of Hulu’s ownership soon to be determined, Disney CEO Bob Iger says it is “very tricky” to pin down its long-term value given that streaming overall is still in a “nascent” stage. “We’re really studying the business very, very carefully, all those competitive dynamics, with an…

Netflix and Verizon are renewing an offer giving customers of the telecom firm’s +Play platform a 12-month subscription at no extra charge if they pay for a year’s worth of a different streaming service. The news comes roughly a year after the launch of +Play, an online platform enabling users to…

EXCLUSIVE: The European Broadcasting Union (EBU) has responded to Reed Hastings’ claim Netflix is the “biggest builder” of cross-country culture in the EU. The EBU, which represents Europe’s public broadcasting networks, said its members spend €20BN ($21BN) a year on “homegrown” content, well above…