Paramount Skydance: MTV Cuts & Future Streaming Plans
Paramount Skydance seeks $500M in cuts. MTV UK shuts down 5 channels. US operations face potential downsizing and shift to streaming due to cord-cutting challenges and future growth strategies.
Bollywood dims as streaming platforms steal the spotlight, TV rights fall
The decline in satellite rights began with the rise of streaming giants like Netflix, Prime Video, and Disney+ Hotstar, but the trend accelerated during the pandemic when films were released directly on digital platforms due to theater closures.
Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report
The Motion Picture Association-Canada, which represents the streamers, said last month’s order by the Canadian Radio-television and Telecommunications Commission, “exceeds the broadcast regulator’s authority and fails to recognize the billions of dollars the companies spend in Canada each year,” according to a report from Dow Jones.