Deadline; Media Stocks, Markets Soar As Fed Chief Signals September Rate Cut: “The Balance Of Risks Appears To Be Shifting”

Story from Deadline:

It’s been a long wait but Federal Reserve chair Jerome Powell energized stocks today as he cracked open the door to a possible interest rate cut at the Central Bank’s September meeting.

Variety: DirecTV Will No Longer Offer Satellite Subscriptions For New Customers as a Trial Run in Some Markets

Story from Variety:

DirecTV is experimenting with removing the option to subscribe to its satellite offerings in some markets.

Deadline: Billy Corgan’s National Wrestling Alliance Strikes Streaming Deal With Roku

Story from Deadline:

Wrestling fans are set to get a new round of bouts to watch on streaming after Billy Corgan’s National Wrestling Alliance struck a deal with Roku.

Deadline; ‘Private Eyes West Coast’: Cameras Set To Roll On Sleuth Spin-Off Series; Jason Priestley To Exec Produce

Story from Deadline:

Jason Priestley and Cindy Sampson will officially be back together on set as Private Eyes next week.

Deadline: Streaming Ad Tiers Catch Fire, Make Up Nearly Half Of U.S. Subscriptions For SVODs That Offer Them, Study Says

Story from Deadline:

Ads on streaming are smoking.

Advanced Television: Paramount launching Wrestling Central FAST channel

Story from Advanced Television:

Paramount Global Content Distribution is launching an all wrestling FAST channel, branded Wrestling Central, which will go live soon on The Roku Channel in the US and Canada.

Hollywood Reporter: Roku Head of Content David Eilenberg Exits to Become Creative Director at ITV America

Story from Hollywood Reporter:

David Eilenberg, the head of content for Roku, is exiting the streaming platform to become creative director at the production company ITV America, the studio behind shows like Love Island USA, Hell’s Kitchen and Queer Eye.

Hollywood Reporter: Roku CEO Anthony Wood Sees Pay Package Increase to $27.7M in 2024

Story from Hollywood Reporter:

Roku CEO Anthony Wood’s total pay package increased to $27.7 million in 2024, up from $20.2 million the year before.

Hollywood Reporter: Roku Buying Subscription Streaming Service Frndly TV for $185M

Story from Hollywood Reporter:

Roku is making a significant acquisition that will propel it further in the content space.

Deadline: Amazon CEO Andy Jassy Sees Tariffs Raising Prices For Consumers As Media Stocks, Markets Fall

Story from Deadline:

Amazon chief executive Andrew Jassy says he’s “guessing sellers will pass that cost on” as President Donald Trump raises the price to import goods into the U.S.

Deadline: Media Stocks Skyrocket With Dow Up 2,700 Points As Donald Trump Pauses Latest Round Of Tariffs

Story from Deadline:

“BE COOL!” urged President Donald Trump early Wednesday amid widespread dismay at global tariffs that went into effect overnight.

Broadcast: Trump tariffs wipe out $16bn from Warner Bros Discovery, Fox, Disney and Roku

Story from Broadcast:

Warner Bros Discovery, Roku, Fox Corp and Disney have seen more than $16bn (£12.3bn) wiped off their valuations in the wake of US president Donald Trump’s international trade tariffs.

Variety: CNBC Strikes Distribution Deals With Apple, Roku for CNBC+

Story from Variety:

The future of CNBC may not entirely take place on CNBC.

Paramount Global/Skydance merger - Hollywood Reporter: How Hollywood Stocks Fared During the First Quarter of 2025 Amid Trump, Recession Fears

Story from Hollywood Reporter:

It’s been a mixed opening to 2025 for Hollywood stocks, but many outperformed a sharper decline in the broader stock market.

Variety: Sony Pictures Entertainment CEO Ravi Ahuja Resigns From Roku Board

Story from Variety:

Ravi Ahuja will depart Roku‘s board of directors after more than a decade, following his promotion to CEO of Sony Pictures Entertainment.

Cord Cutters News: Google Faces Potential Breakup and the Sale of Its Google TV Streaming Players, Under Trump Administration Pressure

Story from Cord Cutters News:

The tech giant Google is once again under scrutiny as the Department of Justice (DOJ) reaffirmed on Friday its proposal to force the company to divest its popular Chrome browser, a move that could have ripple effects across its ecosystem, potentially leading to the sale of its Google TV division and Android platform.

Variety: Netflix Stock Slides Amid Analyst Forecast of Slowing Sub Growth, Broader Market Turmoil Over Trump Tariffs

Story from Variety:

Shares of Netflix fell 8.5% Thursday as investors reacted to analyst projections for slowing subscriber growth after the streamer’s record gains last year on its password-sharing crackdown.

Deadline: Roku Cracks $1B Mark In Platform Revenue In Q4; Shares Jump

Story from Deadline:

Roku delivered a strong set of fourth-quarter results, including crossing the $1 billion threshold in platform revenue.

Cord Cutters News: Nexstar Launches Free Streaming Apps for Local ABC, CBS, FOX, & NBC News On Roku, Fire TV, & Apple TV

Story from Cord Cutters News:

Nexstar Media Group, the largest television station owner in the United States, is expanding its digital footprint with the launch of free streaming apps for its local news stations.

Variety: Roku Sets Streaming Deal With X Games for Aspen Return, Summer 2025 Event

Story from Variety:

Roku has struck a deal with the X Games for its Roku Channel to become the U.S. streaming home of both the upcoming Winter 2025 competition in Aspen as well as an event set for next summer.