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    1. Business News
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    3. reuters

    Reuters

    If the deal goes through, it could end a 40-year-long partnership with Warner's networks (Image: Reuters)
    NBA finalizes $76 bln broadcasting deal with Disney, Amazon, Comcast, the Athletic reports

    The deal will extend for 11 seasons, the report said, citing executives with direct knowledge of the deals

    By Reuters
    July 11, 2024 10:00 IST
    In June, Paramount said it would focus on its new plan to transform its streaming business (Image: Reuters)
    Paramount to continue job cuts until Skydance deal closes, memo says

    Reportedly, Paramount will also look to divest some of its assets

    By Reuters
    July 10, 2024 10:15 IST
    Ellison's tech pedigree factored into the decision by Paramount controlling shareholder Shari Redstone to strike a deal with Skydance (Image: Reuters)
    Skydance CEO Ellison says new Paramount will become a tech-media hybrid

    A “key thesis” behind the merger of Skydance is to position the company to better meet the demands of a…

    By Reuters
    July 9, 2024 09:15 IST
    Reportedly, there has been tension in the executive suites (Image: Reuters)
    Paramount and Skydance agree to merge, ending Redstone era

    Shari Redstone, Paramount’s non-executive chair, will sell the family’s controlling stake in the company in a complex transaction that will…

    By Reuters
    July 8, 2024 10:15 IST
    Facebook and Instagram are also being investigated for potential breaches of EU online content rules relating to child safety, which could lead to hefty fines, the EC said on May 16.
    European regulators crack down on Big Tech

    The European Commission (EC) has asked Amazon to provide detailed information by July 26 on the measures the U.S. e-commerce…

    By Reuters
    July 6, 2024 14:00 IST
    National Amusements re-engaged with Skydance over the past week (Image: Reuters)
    Skydance Media’s deal to gain control of Paramount could be sealed this weekend, sources say

    Parties are expected to work throughout the weekend to finalise the deal before Tuesday’s start of Allen & Co’s annual…

    By Reuters
    July 4, 2024 11:35 IST
    Launched in 2020, Koo gained popularity a year later (Image: Financial Express)
    Indian social media platform Koo to shut down after partnership talks fail

    A dearth of funding hurt the platform, and high costs for technology to keep the app running led to the…

    By Reuters
    July 3, 2024 16:35 IST
    National Amusements has referred the Skydance deal to a special committee of Paramount's board for review, according to two people familiar with the matter.
    Skydance reaches new deal to buy controlling Paramount stake, sources say

    The news sent Paramount shares up 9% in after-hours trading.

    By Reuters
    July 3, 2024 09:57 IST
    After Canada introduced a similar law in 2023, Meta blocked news content from appearing on Facebook there (Image: Reuters)
    New Zealand to press ahead with media content pay law

    The bill is being introduced as New Zealand media companies struggle against technology firms for advertising dollars

    By Reuters
    July 2, 2024 10:45 IST
    The rise of deepfakes, convincingly manipulated content to misrepresent someone, have further blurred the lines between the real and the fake.
    Google to require disclosures for digitally altered content in election ads

    The rapid growth of generative AI, which can create text, images and video in seconds in response to prompts, has…

    By Reuters
    July 2, 2024 09:33 IST
    Meta to introduce third-party chats
    Meta’s pay or consent model in crosshairs for breaching EU tech rules

    The tech giant launched the no-ads subscription service for Facebook and Instagram in Europe last November, saying users who consent…

    By Reuters
    July 1, 2024 18:37 IST
    Ads were down 17.6% from the same month a year earlier, but remained 17.8% higher than pre-pandemic levels
    Australia job ads fall 2.2% in June, ANZ-Indeed data shows

    Data from Australia and New Zealand Banking Group and employment website Indeed showed job ads fell 2.2% in June from…

    By Reuters
    July 1, 2024 09:10 IST
    The number is about 30% lower than the 73 million people who watched the candidates’ first face-off in 2020, and among the three lowest-rated first presidential debates since 1976.
    Biden-Trump debate draws over 51 million TV viewers

    The relatively low number compared to past debates in recent election cycles could be indicative of low voter enthusiasm for…

    By Reuters
    June 29, 2024 19:17 IST
    Reddit has made changes to its policy in an attempt to prevent AI developers from scrapping its user data
    Reddit to update web standard to block automated website scraping

    The move comes at a time when AI firms have been accused of plagiarising content from publishers to create AI-generated…

    By Reuters
    June 27, 2024 19:00 IST
    Paramount co-CEOs told employees that the company will focus on transforming its streaming business (Image: Reuters)
    Paramount Global to raise prices for its streaming plans

    The revision in pricing comes at a time when merger talks between non-executive chairwoman Shari Redstone and David Ellison’s Skydance…

    By Reuters
    June 25, 2024 12:15 IST
    Google introduces new AI model
    Google execs Pichai, Brin must sit for questioning in digital ads lawsuit

    Brin’s deposition will be limited to two and a half hours and Pichai’s deposition was capped at four hours.

    By Reuters
    June 25, 2024 11:00 IST
    How to create a playlist with AI
    Spotify launches new basic streaming plan in US

    The new basic plan will start at $10.99 per month for eligible users

    By Reuters
    June 24, 2024 11:15 IST
    Long Island City, New York-based AlmondNet sued Amazon in 2021 (Image: Reuters)
    Amazon hit with $122 mln US verdict in internet-advertising patent case

    After a week-long trial, jurors agreed with AlmondNet Inc that elements of Amazon’s advertising platform infringe two AlmondNet patents related…

    By Reuters
    June 18, 2024 10:45 IST
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