Mansha Daswani

HBO Max and discovery+ will be combined into an as-yet-unnamed unified platform delivering both ad-free and ad-lite options in 2023, with a FAST service potentially to follow, David Zaslav and JB Perrette revealed in an investor call as Warner Bros. Discovery (WBD) reported its first financial results as a combined company.

Lionsgate reported that it beat expectations in subscriber growth in the first quarter as it posted revenues of $893.9 million and a wider loss of $119 million.

In its first financial results as a merged company, Warner Bros. Discovery reported a second-quarter net loss of $3.4 billion on revenues of $9.8 billion.

U.K.-based data company MUSO, which tracks online piracy, has received a £3.2 million ($3.9 million) investment from Puma Private Equity.

Revenues at Paramount rose by 19 percent to $7.8 billion in the second quarter, driven by significant gains in its direct-to-consumer and filmed entertainment divisions.

The cost of advertising is rising across platforms, led by television, according to a new study from WARC.

Average daily viewing time slipped by 2 minutes in 2021 following the lockdown-driven gains in 2020, with linear TV showing the sharpest declines, according to new research from Omdia.

NBCUniversal's second-quarter revenues rose by 18.7 percent to $9.4 billion, while parent company Comcast Corporation reported total revenues of $30 billion, a 5.1 percent increase.

HUSSLUP, a new mobile app for emerging talent, is working with Fuse Media, Keshet International and Roadmap Writers to help identify and foster up-and-coming writers and filmmakers.

To support its slate of animated feature films, Netflix has acquired the Australian studio Animal Logic, behind such titles as Over the Moon, Klaus and The Sea Beast.