NEW YORK • The typical CEO at the biggest U.S. companies got an 8.5 per cent raise last year, raking in US$11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years. The bump reflects how well stocks have done under these CEOs’ watch. Boards of directors increasingly require that CEOs push their stock price higher to collect their maximum possible payout, and ...
Warner Bros.’s King Arthur: Legend of the Sword debuts in theaters this weekend with a highly recognizable plot, a well-known director, and a handful of big-name stars. But those attributes won’t be enough to overcome a toxic critical reception and Disney’s latest high-flying superhero film. In fact, not only is King Arthur an extreme long-shot to dethrone Marvel’s Guardians of the Galaxy Vol. 2 (in its second week in domestic theaters) at the top of the weekend box offic...
Hulu has finally named the person tasked with expanding the streaming platform’s slate of original programming. On Wednesday, Hulu named Joel Stillerman as its chief content officer, a newly-created role that will oversee the streaming company’s overall content strategy at a time when Hulu is looking to expand its original series and film offerings to better compete with rivals such as Netflix and Amazon. Stillerman arrives at Hulu from AMC Networks, where he served as president of o...
One of HBO’s most popular television series could be getting the spinoff treatment. Time Warner’s TWX HBO has enlisted the help of four writers to each create their own Game of Thrones spinoffs, the network confirmed to The Hollywood Reporter on Thursday. According to the report, each of the spinoffs will examine different time periods in Westeros lore, though HBO didn’t say exactly when or how they would fit into the Game of Thrones univ...
Time Warner, which is being bought by AT&T, reported a better-than-expected quarterly profit, helped by the success of its movies Kong: Skull Island and The LEGO Batman Movie in the first quarter. Revenue from Warner Bros, which includes the movie business and is the company’s biggest unit by revenue, rose 8.2% to $3.37 billion. As of April 30, Kong: Skull Island had grossed more than $562 million globally, according to tracking firm Box Office Mojo. The LEGO Batman Movie grossed more ...
AT&T is expected to tap the European bond market soon to help finance its $85.4 billion acquisition of Time Warner, according to several market participants. AT&T is holding European meetings for a “non-deal” investor update from May 2 via Bank of America Merrill Lynch and BNP Paribas. Those banks said the meetings will only be used to update investors and are not linked to new bond issuance. However, market participants are already speculating that AT&T is getting the ba...
AT&T, the No. 2 U.S. wireless carrier, reported a drop in quarterly revenue and unexpectedly lost postpaid subscribers as lower prices for its unlimited plans failed to attract customers in a saturated wireless market. The company said it lost 61,000 postpaid subscribers, or those who pay monthly bills, in North America on a net basis in the first quarter. Analysts on average had estimated 95,000 subscriber additions, according financial data and analytics firm FactSet. AT&T’s ...
HBO boasts some of the most popular and critically acclaimed shows on television. But the premium cable network hasn’t always made it easy to binge-watch shows like Game of Thrones and Veep on the HBO Go streaming app. That seems to be changing as HBO Go is rolling out changes to its iOS and Android apps, which include an “automated binge mode” that allows users to keep watching their favorite shows without the interruption of having to go back and peruse the app’s librar...
The U.S. Federal Communications Commission said on Monday it approved Time Warner Inc’s sale of a broadcast station in Atlanta to Meredith, a transaction that could help speed Time Warner’s planned merger with AT&T Inc. In January, AT&T t said it expected to be able to bypass the FCC in its planned $85.4 billion acquisition of Time Warner twx because it would not seek to transfer any significant T...
The U.S. Federal Communications Commission may announce the winners of the government’s $19.8 billion spectrum auction as early as Thursday, industry officials told Reuters. The broadcast incentive spectrum auction is one of the commission’s most complex and ambitious to date attracting wireless and other telecommunications companies who are buying television airwaves from broadcasters for wireless use. Companies plan to use the spectrum to build new networks or improve existing cove...
Investors are increasingly considering whether Apple should buy Walt Disney Co. to give both companies a major boost as the consumer technology and entertainment industries continue to converge, RBC Capital Markets analyst Amit Daryanani observed in a report on Thursday. The analyst said he favored such a deal, but didn’t offer any evidence that either company was actually working on the theorized transaction. A combination would strengthen both companies, giving Disney stronger distributi...
AT&T is sweetening the pot to entice more mobile customers to opt for its unlimited data plan. The carrier said on Wednesday that all subscribers to its mobile unlimited plan would also get a free subscription to premium network HBO. The offer, which starts April 6, applies to mobile subscribers even if they don’t subscribe to AT&T’s two pay TV services, U-Verse and DirecTV. Mobile-only customers will get free HBO access via the HBO Go app, AT&T said. U-verse and DirecTV ...
Next up on President Donald Trump’s to-do list? Unraveling Obama-era net neutrality rules, the president’s spokesman Sean Spicer said late this week. Enacted in February 2015 under then-president Barack Obama, these rules classified large companies like Comcast cmcsa that deliver Internet to consumers as public utilities. That meant those companies were unable to discriminate against content providers based on the type and amount of content del...
Fans of HBO’s Game of Thrones have been eagerly devouring even the smallest breadcrumbs about the show’s upcoming seventh season. On Thursday, the cable network released the latest trailer for Season 7 of the hit fantasy series, giving fans a chance to gorge again on the plotting and machinations at the heart of the massively popular program. The new season will premiere on July 16. (Warning: Some spoilers may follow.) The minute-and-a-half video features three of the show’s ma...
President Donald Trump repeatedly singled out AT&T’s deal to buy Time Warner during the campaign as the kind of combination he wouldn’t allow as president. But after the Trump administration this week picked a longtime antitrust lawyer, Makan Delrahim, to head the Justice Department office that reviews mergers, the threats to block AT&T appear ever more likely to be another campaign trail promise that won’t be fulfilled. Before Trump nominated Makan, who worked in the J...
Basketball fans with limited funds who still want to experience March Madness action from courtside may be in luck--thanks to a new virtual reality app. Ahead of the second weekend of March Madness games, the NCAA said it has made its new NCAA March Madness Live VR App available to download through the Oculus store for use on Samsung Gear VR devices. Fans who download the app will be able to watch six of the remaining NCAA Tournament games--including the two Final Four games and the championship...
Hundreds of Warner Bros. movie titles will soon be available to stream online in China after the Hollywood studio cut a deal with a Netflix-like company in that country. On Tuesday, Time Warner-owned Warner Bros. announced its new licensing agreement with iQiyi, the streaming video platform owned by Chinese Internet search giant Baidu. The deal gives iQiyi streaming rights to a list of about 200 Warner Bros. movies, from the Harry Potter film franchise to Academy Award-winner Gravity. The Chines...
AT&T is hoping that promotions can keep bringing in new subscribers for the DirecTV Now live-streaming television service. The telecoms giant recently announced that, for a limited time, customers can receive a full year of HBO for no additional cost if they sign up for one of DirecTV Now’s two pricier subscription tiers. That means savings of $60 for the full year--HBO usually costs an extra $5 per month for DirecTV Now subscribers. The catch? It only applies to either the Go Big chan...
The head of the Federal Communications Commission told the U.S. Congress that he did not agree with President Donald Trump’s comments that certain media outlets are an “enemy” of the people and would act independently of the White House on media-related matters. In a letter released on Monday, Republican chairman Ajit Pai, tapped by Trump in January to head the body that regulates broadcast television, radio, and other media outlets, told Senate Democrats in response to a serie...
On a day with only a few major March Madness upsets, the NCAA still managed to pull in some of the best ratings for the tournament’s first Thursday in decades. The NCAA said on Friday that the four networks (CBS and Turner Broadcasting’s TBS, TNT, and TruTV) airing college basketball games on Thursday--the first full day of March Madness--scored Nielsen household ratings that were up 5% from the tournament’s first day last year. According to the NCAA, the four networks averaged...