Paramount made a $108.4 billion hostile all-cash offer for Warner Bros. Discovery, disrupting Netflix’s prior $82.7 billion agreement and resetting the competitive stakes in Hollywood's final mega-merger. With WBD shareholders now weighing immediate cash versus Netflix’s strategic value, the deal…
From the Archives revisits how Hitbox and Azubu, two early challengers to Twitch’s dominance, merged to form Smashcast, a bold but ultimately short-lived attempt to create an esports-first streaming platform. Hitbox brought technical innovation and creator-first values, while Azubu added…
Federal Reserve research links delayed tech upgrades to a decline in productivity, with each additional year of aging equipment reducing output by 0.33%. As individuals and companies hold onto outdated devices longer due to cost and sustainability concerns, experts warn…
From the Archives unpacks the rise and fall of Redbox, the once-ubiquitous DVD kiosk that disrupted Blockbuster only to be steamrolled by streaming. After failing to seriously embrace digital, Redbox clung to physical media while the industry moved on. A…
Disney, Paramount, and Netflix are ramping up content spending again after a slowdown, signaling a potential shift from the recent plateau. But despite headline increases ($1.5 billion for Paramount, $1 billion for Disney), the spending is uneven, with a heavy…
Suno, the leading AI music generation platform, has raised $250 million in funding, valuing the company at $2.45 billion. Backed by Menlo Ventures, NVentures, and others, the funding signals strong investor confidence despite Suno's ongoing legal battles with major record…
Luma AI has raised $900 million in a funding round led by Saudi Arabia's Humain, pushing the video generation startup’s valuation past $4 billion. The deal, announced at the U.S.-Saudi Investment Forum, includes plans for a massive 2-gigawatt AI supercluster…
In a strategic move to push for a potential merger, Sinclair Broadcast Group revealed that it has taken roughly an 8% stake in E.W. Scripps. The disclosure hit Monday, and the market went into full popcorn mode. Scripps shares spiked…
Cineverse reported a widened Q2 loss of $5.7 million despite strong returns from its theatrical release of The Toxic Avenger Unrated, which grossed $3.5 million globally on a sub-$5 million investment. Increased expenses tied to marketing and the launch of…
Tencent reported Q3 2025 revenue of RMB192.9 billion ($27.1 billion), up 15% year-over-year, driven by strength in gaming and AI-powered advertising. Gaming revenue surged across domestic and international markets, with hits like “Delta Force” and mobile “Valorant” fueling growth. AI…
