Mansha Daswani

AT&T Inc. and TPG Capital are establishing a new standalone company that will own and operate DIRECTV, AT&T TV and U-verse video services.

Revenues at ViacomCBS rose by 3 percent in the fourth quarter to $6.9 billion, delivering net earnings from continuing operations of $783 million.

The rate of cord-cutting in the U.S. and Canada has slowed, according to Digital TV Research, which projects that the number of pay-TV subs in North America will fall to 74 million in 2026.

Broadcast television advertising spend fell by $34 billion in 2020 amid the COVID-19 pandemic as brands shifted their investments to AVOD services, according to WARC.

Announcing its first-quarter results, The Walt Disney Company revealed that the Disney+ subscriber count had reached 94.9 million by the beginning of January.

The number of AVOD users in the U.S. is now close to 200 million every month, according to Omdia, which also found that the number of different OTT services accessed per user is up to 7.2.

Lionsgate's global streaming subscriber base in the third quarter of fiscal 2021 rose to 14.6 million, reflecting 52 percent of its total media networks customer base.

Comcast Corporation's fourth-quarter revenues slipped by 2.4 percent to $27.7 billion, while NBCUniversal's were down 18.1 percent to $7.5 billion.

Fourth-quarter revenues at WarnerMedia fell by 9.5 percent to $8.6 billion, with a decline at Warner Bros. partially offset by gains at HBO.

South Korean internet giant Naver, which owns the global digital comics platform WEBTOON, is acquiring Wattpad in a cash and stock deal valued at more than $600 million.