Kristin Brzoznowski

Global advertising spend is set to rise by 7.1 percent to $660 billion this year, according to WARC, with traditional media expected to record gains for the first time since 2011, boosted by a return to growth for TV.

Jamie Brown, the CEO of Frantic Films, has signed an agreement to repurchase a 100 percent stake in the production company, which is behind Baroness Von Sketch Show and Backyard Builds, from Kew Media Group.

Bob Chapek, chairman of Disney parks, experiences and products, has been named CEO of The Walt Disney Company, effective immediately, while Robert A. Iger assumes the role of executive chairman and will direct the company’s creative endeavors.

MIPTV has revealed the 23 projects selected for In Development, which is being positioned as the gateway to international financing and strategic partnerships.

WarnerMedia Entertainment is integrating the content acquisitions team across the company’s entire portfolio of entertainment networks and direct-to-consumer business under Michael Quigley.

The cast of the hit sitcom Friends will be reuniting exclusively for an untitled unscripted special for HBO Max.

Dynamic Television has promoted three key members of its executive team, including Jan Bennemann being elevated to senior VP of acquisitions and co-productions.

Sony Pictures Television (SPT) has invested in The Whisper Group, which comprises the live sports and non-scripted production company Whisper, Chapter 3 Graphics and East Media.

Endeavor Content has entered into a strategic partnership with The Night Manager producer The Ink Factory, acquiring a minority stake in the studio.

New research conducted by CenturyLink and Streaming Video Alliance has found that over 80 percent of consumers are streaming more video than three years ago and nearly half of respondents define TV as being delivered over the internet.