Mansha Daswani

The European Commission has approved Banijay Group's acquisition of Endemol Shine Group.

New forecasts from GroupM project that global advertising revenues will fall 9.9 percent this year.

Giorgio Stock is stepping down from his role as president of WarnerMedia Entertainment Networks & Sales for EMEA and AsiaPac at the end of this month.

According to MAGNA's latest advertising forecasts, revenues will drop by 7 percent to $540 billion this year due to the COVID-19 pandemic.

A panel convened by the Edinburgh TV Festival saw Cathy Payne, Jens Richter, Louise Pedersen, Ruth Berry, David Cornwall and Jonathan Ford discussing the evolving role of the distributor and managing business amid the COVID-19 pandemic in conversation with Stewart Clarke.

Global AVOD expenditure will reach $53 billion in 2025, more than double the amount recorded in 2019, according to Digital TV Research.

Global adspend will fall by 8.1 percent this year to $563 billion, according to WARC, due to marketers slashing their budgets in response to the COVID-19 pandemic.

Despite a projected increase in pay-TV subs worldwide over the next five years, revenues will drop to $150 billion in 2025, according to Digital TV Research.

Fourth-quarter revenues at Lionsgate were up slightly to $944.3 million, while the indie studio narrowed its loss to $44.9 million from $155.2 million in the same period last year.

Over the next five years, the COVID-19 pandemic will cost the worldwide entertainment business $160 billion, according to Ampere Analysis.