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Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss
Sesame Workshop To 'Downsize Significantly' Amid Funding Cuts, Streaming Partner Loss Sesame Workshop, the nonprofit production company behind the beloved children's educational TV show "Sesame Street," is facing major staff cuts after losing key funding. Daily Voice confirmed the layoffs in an email from a Sesame Workshop spokesperson on Wednesday, Mar. 5. The job cuts were first reported by Semafor media editor Max Tani, who obtained an internal staff note from CEO Sherrie Rollins Westin. The spokesperson didn't disclose how many employees were affected. "As production of our 56th season begins next month, we remain as committed as ever to bringin…

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by Chris Spiker
Business
Game Over For Venu Sports: ESPN, FOX, Warner Bros. Discovery Scrap Joint Streaming Venture Game Over For Venu Sports: ESPN, FOX, Warner Bros. Discovery Scrap Joint Streaming Venture
Game Over For Venu Sports: ESPN, FOX, Warner Bros. Discovery Scrap Joint Streaming Venture Three giant media companies have abandoned their plans to launch Venu Sports, a service that aimed to drastically shake up the streaming industry by bundling many sports channels together, officials said. Venu Sports has officially been discontinued, ESPN said in a news release on Friday, Jan. 10. The massive venture was a partnership between the "Worldwide Leader in Sports," FOX, and Warner Bros. Discovery. The companies released a brief statement announcing the end of Venu Sports. "After careful consideration, we have collectively agreed to discontinue the Venu Sports joint ven…

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by Chris Spiker
Business
Disney, Fubo To Combine Streaming Services In Major Merger Disney, Fubo To Combine Streaming Services In Major Merger
Disney, Fubo To Combine Streaming Services In Major Merger Disney is set to acquire a majority stake in FuboTV Inc., merging its Hulu + Live TV service with Fubo in a transformative deal expected to reshape the streaming landscape. The combined business, operating under the Fubo name, will continue offering Hulu + Live TV and Fubo as separate services, the companies announced in news releases on Monday, Jan. 6.  With 6.2 million North American subscribers, the new venture aims to deliver greater consumer choice through expanded programming and flexible pricing. "This combination enables us to deliver on our promise to provide consumers with g…

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by Chris Spiker
Business
CNN Layoffs Include Well-Known Correspondents, Network Slashes HLN Programming CNN Layoffs Include Well-Known Correspondents, Network Slashes HLN Programming
CNN Layoffs Include Well-Known Correspondents, Network Slashes HLN Programming Some familiar faces are leaving CNN amid a series of layoffs and cost-cutting measures being implemented by the network, Variety reports. Among those being let go are Chris Cillizza, a political commentator who joined the network in 2017, and longtime reporter Martin Savidge, according to the outlet. Earlier Report: CNN To Shut Down Streaming Service One Month After Debut Also getting the chop are CNN correspondents Alison Kosik, Alex Field, and Mary Ann Fox, Variety reports. Perhaps the most visible changes will occur on CNN’s sister network HLN, which will stop producing live programmi…

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by Michael Mashburn
Business
CNN To Shut Down Streaming Service One Month After Debut CNN To Shut Down Streaming Service One Month After Debut
CNN To Shut Down Streaming Service One Month After Debut Just a month after its debut, CNN is shutting down its streaming service, CNN+, according to CNN Business. Subscribers have until Saturday, April 30 to watch programming, at which point CNN+ will cease to exist, the outlet reported. The move comes amid a major shakeup in company management after CNN’s former parent company, WarnerMedia, merged with Discovery to form Warner Bros. Discovery. David Zaslav, the CEO of Warner Bros. Discovery, plans to instead house all of the company’s brands under a single streaming service, CNN Business reported. “In a complex streaming market, consumers wan…

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by Michael Mashburn