Stay updated with breaking news from Robert Fishman. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
WWE parent TKO Group Holdings continues to deal with fallout from sexual abuse allegations against Vince McMahon, with TKO stock falling 4% Monday.
Hollywood stocks from Walt Disney and Fox to Warner Bros. Discovery had a mixed 2023, while shares of Netflix, Spotify and Lionsgate rose sharply.
Streaming losses, possible interest rate cuts, higher stock prices and no strikes indicate sluggish media M&A could pick up dramatically in 2024.
Aside from Netflix, only Warner Bros. Discovery, via aggressive cost-cutting, has shown the ability to hit a profit in its direct-to-consumer division.