Tag: Hollywood

Paramount to boost film, reinvent cable brands after $8.4bn Skydance merger
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Paramount to boost film, reinvent cable brands after $8.4bn Skydance merger

Paramount Global on Wednesday outlined plans to revitalize its flagship entertainment brands—Nickelodeon, MTV, and BET—while sharply increasing its feature film output, following the company’s $8.4 billion merger with Skydance Media. “We’re thinking about the cable networks not as declining linear assets that we need to spin off, but as brands we have to redefine,” said […]

‘The Social Network’ movie sequel in the works, potential lead actors revealed
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‘The Social Network’ movie sequel in the works, potential lead actors revealed

More than a decade after ‘The Social Network’ captivated audiences with the origin story of Facebook, director Aaron Sorkin is reportedly developing a sequel and may have already found his lead actors. Sorkin has met with Jeremy Allen White, star of the hit series ‘The Bear,’ and rising actress Mikey Madison, known for her Oscar-winning […]

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Warner Bros Discovery eyes possible company split

Warner Bros Discovery is reportedly exploring a potential breakup of its business, according to a CNBC report on Thursday. The move comes as traditional cable TV continues to decline and media giants shift focus toward streaming and film studio operations. Shares of WBD climbed nearly 4% following the report, reversing a drop of almost 6% […]

Business

Hollywood stocks tumble after Trump suggests 100% tariff on foreign films

Investors in major Hollywood studios and streaming platforms were rattled on Monday after President Donald Trump suggested a 100% tariff on foreign-made films. Shares of Netflix, Disney, Paramount and Warner Bros. Discovery fell ahead of the opening bell, with Comcast-owned Universal also trading slightly down, according to CNBC. Here’s how media stocks took a hit […]

Trump signs executive order establishing US Bitcoin reserve
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Trump slaps 100% tariff on foreign films to revive Hollywood 

In a bold and controversial move, United States President Donald Trump has announced a 100% tariff on all foreign-produced films, citing a need to protect and rejuvenate the struggling American film industry. The declaration, made Sunday via Trump’s Truth Social platform, authorizes the Department of Commerce and the U.S. Trade Representative to immediately begin implementing […]