Media & Entertainment

Comcast spins off its cable channels into separate company as it looks for growth

Media & Entertainment /

Cable television has long been viewed as a stagnant business, showing little promise for growth over the years. However, Comcast believes it has found a new growth opportunity. On Wednesday, the company announced that it’s spinning off NBCUniversal’s cable television networks — such as CNBC, E!, Golf Channel, MSNBC, Oxygen, SYFY, and USA Network — […]

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Chroma, backed by Pinterest and Twitter cofounders, sells to AI audio company Bronze

Media & Entertainment /

Chroma, a startup building a new type of audiovisual entertainment for mobile devices, has been sold. The company, which had financial backing from Twitter and Medium co-founder Biz Stone as well as Pinterest co-founder Evan Sharp, is headed to London-based audio technology company Bronze, an AI music startup. Founded by record producer Lex Dromgoole, who’s

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Ben Affleck tells actors and writers not to worry about AI

Media & Entertainment /

Unions representing Hollywood actors and writers went on strike last year to secure protections against AI systems taking their jobs. But Ben Affleck says that actors and screenwriters shouldn’t worry about AI because it’s not capable of doing either job today, and likely won’t for a long time. “Movies will be one of the last

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Jake Paul vs Mike Tyson fight shows Netflix still struggles with live events

Media & Entertainment /

Viewers have been talking about Friday evening’s boxing match between Mike Tyson and Jake Paul — but probably not for the reasons Netflix was hoping. Yes, the 27-year-old Paul (a YouTuber turned professional boxer) defeated the 58-year-old Tyson (a former heavyweight champion who came out of retirement for this match) in eight rounds, but the

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Reliance, Disney complete India media merger valued at $8.5B

Media & Entertainment /

Reliance and Disney have completed their landmark Indian media merger, creating an $8.5 billion entertainment powerhouse in the country’s streaming and television markets. The deal, proposed in February, brings together Disney’s Star India with Reliance-controlled Viacom18 under a joint venture that will control about 85% of India’s streaming market and roughly half of television viewership

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