Indie studio Lionsgate beat Wall Street expectations with its first-quarter financials, reporting gains in its media networks and television production divisions.

Viacom's third-quarter revenues fell by 4 percent to $3.2 billion, with net profit down by 25 percent in the period to $511 million.

Fourth-quarter revenues at 21st Century Fox saw an 18-percent increase to $7.9 billion as net income climbed to $920 million from $476 million in the year-ago period.

The Walt Disney Company's third-quarter results, falling short of analyst expectations, showed revenues up 7 percent to $15.2 billion, delivering a net profit of $2.9 billion, a 23-percent increase.

Second-quarter net income at Discovery, Inc. fell from $374 million to $216 million as a result of restructuring charges from the Scripps Networks transaction, on combined revenues of $2.8 billion.

Second-quarter revenues at CBS Corporation rose by 6 percent to reach $3.47 billion, with particularly strong gains in affiliate and subscription revenues, delivering a net profit of $400 million.

The U.S. Department of Justice (DOJ) is appealing a federal judge's approval of AT&T's Time Warner acquisition.

More than 47 comedians from 13 markets will be featured in a stand-up comedy series on Netflix in 2019.

Netflix has announced a first-look, multiyear deal for film and TV projects with Aggregate, a new production company founded by Jason Bateman and producer Michael Costigan.

Stuart Ford’s AGC Studios has enlisted Lourdes Diaz, most recently the president of entertainment at Univision Communications, to run AGC Television.