Business

Nearly every stock in the benchmark S&P 500 rose. It’s now up 0.6% for the week and has recovered from a from a sharp sell-off on Monday. The turnaround is more pronounced within the Dow, which is now up 0.8% for the week after having been down 1.9% for the week as of Tuesday.

IATSE’s strike-authorization vote will be getting underway soon. Grips Local 80 said that it will hold its vote from October 1-3, and Prop Local 44 told its members at a virtual town hall Wednesday night that they’d be be voting on the same dates. IATSE has said that all 13 West Coast studio locals will hold their secret ballot votes “simultaneously.” (Image: IATSE)

Nancy Han and Jennifer Suozzo are among the new executives joining CNN+, the network’s new subscription streaming service set to launch in the first quarter of next year. Han will be vice president of weekly programming; Suozzo will be vice president of daily programming.

The broadcaster seeks GenZ viewers, ad dollars with eSports deal.

Government regulation will never fix everything wrong with online discourse. The industry needs to develop professional norms—just as journalism once did.

Facebook today acknowledged that the performance of its ads has suffered as Apple has rolled out new privacy controls for iOS users, and it could be poised to get even worse as Facebook offsets it by charging higher prices and increasing the ad loads in its feeds.

The streaming wars have wrought worn-out legions of workers dealing with brutal production schedules, 15-hour workdays, and corner-cutting on meal breaks. And it looks like at least one union has had enough.

IATSE is now gearing up for a second strike against the film and TV industry. With the union and its 13 West Coast studio locals already threatening to strike over terms for a new Hollywood Basic Agreement, IATSE is now seeking a second strike authorization vote for a separate contract covering film and TV work in much of the rest of the country.

The U.S. media group, which operates broadcast network NBC, a slew of cable networks and streamer Peacock, and the British public broadcaster have teamed up to find unscripted shows that can work both in the States and UK. The pair will hunt for shows produced by British producers across unscripted genres and will look to co-commission pilots or develop projects with series potential.

Stocks were broadly higher on Wall Street Wednesday afternoon after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year.

Brat TV, maker of young-skewing online series like “Chicken Girls” and “Attaway General,” has received an investment from New Line founder Bob Shaye, who is joining the company’s board.

ViacomCBS CEO Bob Bakish was out beating the Wall Street drum for new Paramount boss Brian Robbins, who, he told investors, will lead “the film studio of the future.” Said Bakish: “He’s a franchise builder and he’s a collaborator.” (Image: Brian Robbins)

That’s according to agency tracker COMvergence, which is out with a new “Business Barometer” report detailing media agency new business activity for the first six months of the year.

Whip Media said it is working with the National Association of Television Program Executives to produce a new data report that will tell buyers and distributors which programming is most popular with U.S. viewers.

Argus Capital Corp., a special-purpose acquisition company created by former CBS CEO Joe Ianniello, head of CBS Interactive Marc DeBevoise and other CBS alums, has gone public. The SPAC, which is targeting deals in what it describes as “tech-driven media” sector, is offering investors 26.5 million units, priced at $10 apiece. (Image: Argus Capital)

Shares in Disney fall 4.2% after CEO Bob Chapek says streaming service faced headwinds in quarter.

Graham Media Group, TVNewsCheck’s Station Group of the Year, is fostering tighter relationships with its most highly engaged audiences via Insiders, a company-wide membership program it launched last year. Graham executives believe it will have a transformative effect on news content, community building and revenues in an era of ever-disaggregating audiences. Read part one of the series on Graham’s culture of innovation here. Read part two on President and CEO Emily Barr here.

Stock indexes were wobbling between small gains and losses in afternoon trading on Wall Street Tuesday following a sharp pullback a day earlier. The S&P 500 was up less than 0.1% as of 2:36 p.m. Eastern, giving up most of an early gain. The Dow Jones Industrial Average slipped 10 points, or less than 0.1%, to 33,959 and the Nasdaq rose 0.3%.

Until midnight on October 20, subscribers can pay $10 for the ad-supported tier (with limited ads on select Paramount+ programming) or $13 for the ad-free option. As stand-alones, the two tiers of Paramount+ currently cost $5 and $10, while Showtime is at $11.