New: @Hearst says it had record revenues ($13.5B) & profits last year, thanks to the continued growth of its B2B arm, which now makes up 60% of its entire biz https://t.co/Uofy5iRA8A
Scoop: @Disney today sent a cease and desist letter to @ByteDance over Seedance 2.0 for copyright infringement - Follows swift condemnation from Hollywood advocacy groups such as @motionpictures and Human Artistry Campaign - More on @axios https://t.co/0lpdhJs0GP
Exclusive: @candlemedia sells ATTN: back to founders Matthew Segal & Jarrett Moreno —Candle will maintain a minority stake —Segal and Moreno acquiring majority stake alongside a new investor group that includes Shari Redstone, Paul Wachter & more @axios https://t.co/MvQQNtTm26
NEW: #Paramount updates hostile takeover bid for @WBD —Will pay the $2.8 billion termination fee WBD would owe Netflix if deal collapsed —Will pay a $0.25 per share "ticking fee," to WBD shareholders for each Q transaction has not closed after...