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Thursday, jun 4
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News
MSNBC Gets New Name, Drops Peacock Logo: Here's Why
MSNBC will undergo its biggest identity shift in decades, as the cable TV network splits from NBC News. The channel will be known as "MS Now" by the end of 2025, CNBC reported. MS Now's name will be an abbreviation for "My Source News Opinion World." MSNBC and CNBC are expected to be spun off into a new media company called Versant as Comcast sheds NBCUniversal's cable channels. The separation means MS Now and CNBC will be run as completely separate news operations from NBC News. Versant CEO Mark Lazarus told MSNBC staffers in January that the left-leaning network would keep its name.…
Business
Peacock Reportedly Making Biggest Price Hike Yet: Here's What You'll Pay
The home of "Love Island," Premier League soccer, and many popular movies is about to get more expensive. Peacock is raising its monthly rates by $3 starting on Wednesday, July 23, Vulture reported. It's the biggest price hike since the NBC streaming platform launched in 2020. The ad-supported Peacock Premium plan will climb nearly 40% to $10.99, while the ad-free Premium Plus tier will jump about 20% to $16.99. The new prices take effect for new and returning customers on July 23, while current subscribers will see the hike on or after Thursday, August 22, depending on billing. …
Business
Warner Bros. Discovery Unveils Major Split: What It Means For Streaming, Sports Fans
Warner Bros. Discovery will split into two publicly traded companies in the latest move to adapt to the rapidly changing streaming industry. The entertainment giant behind CNN, HBO, TBS, and TNT announced the split in a news release on Monday, June 9. Warner Bros. Discovery will separate into two companies, Streaming & Studios and Global Networks, through a tax-free transaction. CEO David Zaslav will lead the Streaming & Studios company. Chief financial officer Gunnar Wiedenfels will become CEO of Global Networks. Executives said the move will give each business the …
Business
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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