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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.

AT&T has acquired The Chernin Group’s controlling interest in Otter Media, a joint venture between the two companies.

WndrCo, a holding company co-founded by Jeffrey Katzenberg, has secured $1 billion in an initial funding round for the mobile-first media platform NewTV from investors such as 21st Century Fox, Disney, Entertainment One, Lionsgate, NBCUniversal and Viacom.

Lyle Bettson-Barker has been promoted to sales director for Australia and New Zealand at Endemol Shine International (ESI) as Kirsten Cargill is exiting the company.

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.

Discovery, Inc. has appointed Peter Faricy, who joins the company from Amazon, to the newly created role of CEO of global direct-to-consumer.

FremantleMedia International is remastering the long-running action drama Baywatch, which will now be available in high definition, upscaled to 16:9 cinematic widescreen.

World Screen is presenting the eighth annual Trendsetter Awards in partnership with MIPCOM, celebrating Eric Newman (Narcos), Lorenzo Mieli (The Young Pope, My Brilliant Friend) and Álex Pina (Money Heist/La Casa de Papel).

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.

Entertainment One (eOne) has appointed Paola Tonella, who spent 15 years in various roles at BBC Studios (then BBC Worldwide), as director of international sales.