Kristin Brzoznowski

SILVER SPRING: For the quarter ended March 31, Discovery Communications reported higher profits, led by the strength of its U.S. cable networks.

NEW YORK: 21st Century Fox reported total quarterly revenues of $7.23 billion, a 6-percent gain from the prior-year period, with higher affiliate and advertising revenues at both the cable network programming and television segments.

NEW YORK: Time Warner's revenues increased 3 percent to $7.3 billion in the first quarter, thanks to growth at Turner and HBO, partially offset by a decline at Warner Bros.

SANTA MONICA: Lionsgate has teamed up with international entertainment executives Paul Presburger, William Pfeiffer and Clifford Werber to launch Globalgate Entertainment, which will focus on local-language film production around the world.

NEW YORK: Viacom has recorded $303 million in net profit for the fiscal second quarter, despite a 3-percent decline in quarterly revenues.

NEW YORK: NBCUniversal has made it official that it's acquiring DreamWorks Animation.

NEW YORK: At Crackle’s upfront presentation, Sony’s streaming service announced an array of new offerings, including some in the virtual reality space and a drama series based on the feature film Snatch.

ENGLEWOOD/NORWALK/LOS ANGELES: DISH and the Chinese-language programmers TVB and CCTV have filed a lawsuit to stop the illegal streaming of content via the “h.TV” set-top box from HTV International (HTVI).

LOS GATOS: Netflix wrapped up Q1 with more than 81 million members, adding a record 6.74 million subs in the period, but the company is projecting a weaker second-quarter forecast.

SÃO PAULO: Netflix is prepping a new original series based on recent corruption investigation Operation Car Wash (Lava Jato in Portuguese) that will begin filming this year in Brazil.