Legal
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Stephanie McMahon Named Interim CEO of WWE as Board Investigates Her Father, Vince McMahon, for Alleged Misconduct
World Wrestling Entertainment (WWE) and its board of directors June 17 announced that a special committee of the board is conducting an investigation into alleged misconduct by its chairman/CEO Vincent McMahon and John Laurinaitis, head of talent relations. Effective immediately, McMahon has voluntarily stepped back from his responsibilities until the conclusion of the investigation. McMahon … Continue reading “Stephanie McMahon Named Interim CEO of WWE as Board Investigates Her Father, Vince McMahon, for Alleged Misconduct”
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Shareholder Sues Netflix Over Sub Loss, Stock Valuation Freefall
A San Antonio, Texas-based investor has filed a lawsuit against Netflix, claiming the SVOD behemoth mislead investors about the extent of its subscriber woes. The streamer last month disclosed it lost 200,000 subscribers worldwide in the first quarter, ended March 31. Netflix is also projecting a loss of 2 million subs in the current second … Continue reading “Shareholder Sues Netflix Over Sub Loss, Stock Valuation Freefall”
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Stephanie McMahon Named Interim CEO of WWE as Board Investigates Her Father, Vince McMahon, for Alleged Misconduct
World Wrestling Entertainment (WWE) and its board of directors June 17 announced that a special committee of the board is conducting an investigation into alleged misconduct by its chairman/CEO Vincent McMahon and John Laurinaitis, head of talent relations. Effective immediately, McMahon has voluntarily stepped back from his responsibilities until the conclusion of the investigation. McMahon … Continue reading “Stephanie McMahon Named Interim CEO of WWE as Board Investigates Her Father, Vince McMahon, for Alleged Misconduct”
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Shareholder Sues Netflix Over Sub Loss, Stock Valuation Freefall
A San Antonio, Texas-based investor has filed a lawsuit against Netflix, claiming the SVOD behemoth mislead investors about the extent of its subscriber woes. The streamer last month disclosed it lost 200,000 subscribers worldwide in the first quarter, ended March 31. Netflix is also projecting a loss of 2 million subs in the current second … Continue reading “Shareholder Sues Netflix Over Sub Loss, Stock Valuation Freefall”
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Russian Netflix Subs Sue Over Service Shut Down
A class-action lawsuit has been filed in Russia against Netflix by the streamer’s subscribers angered by the shutdown of service last month. The suit, which represents Netflix’s reported 1 million Russian subs, is seeking 60 million rubles ($726,000) in compensation, according to the RIA news agency. “Today, a law firm representing the interests of Netflix … Continue reading “Russian Netflix Subs Sue Over Service Shut Down”
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Lawmakers Introduce Measure Holding Tech Companies Liable for Online Content Piracy
U.S. Senators Thom Tillis (R-NC) and Patrick Leahy (D-VT) have introduced the SMART Copyright Act of 2022, bipartisan legislation that would hold tech accountable by developing widely available measures to combat copyright theft of Hollywood movies, music, podcasts, books and video games. The proposed law would be an enhancement to the existing Digital Millennium Copyright … Continue reading “Lawmakers Introduce Measure Holding Tech Companies Liable for Online Content Piracy”
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Netflix Suspends Service in Russia Due to Escalating Ukraine Conflict
Netflix has suspended streaming service in Russia, citing the country’s ongoing military invasion of neighboring Ukraine, the subscription streaming VOD pioneer disclosed on March 7. The world’s largest SVOD ended the most-recent fiscal period with 74 million subscribers in Europe, the Middle East and Africa, which includes less than 1 million subs in Russia. “Given … Continue reading “Netflix Suspends Service in Russia Due to Escalating Ukraine Conflict”
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Roku Bows Advertising Watermark Technology
Roku Feb. 23 announced the launch of an advertising watermark designed to help advertisers and publishers validate the authenticity of video ads originating on the SVOD pioneer’s platform. Roku says the technology gives marketers the confidence that their advertising spend is reaching real Roku users. According to Roku, so-called “device spoofing” can occur when scammers … Continue reading “Roku Bows Advertising Watermark Technology”
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WarnerMedia, Discovery Merger Clears U.S. Regulatory Hurdle
Consummation of Discovery’s $43 billion minority stake, majority control of WarnerMedia appears to have cleared federal regulator oversight. Specifically, the U.S. Antitrust Agency’s waiting period to intervene on the transaction expired, according to WarnerMedia parent AT&T and Discovery. “As of Feb. 9, 2022, Discovery and AT&T have satisfied the closing condition in Section 9.1 of … Continue reading “WarnerMedia, Discovery Merger Clears U.S. Regulatory Hurdle”
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‘Matrix Resurrections’ Producer Sues Warner Bros. Over HBO Max Distribution
The co-producer of Warner Bros. Pictures’ The Matrix Resurrections is suing the studio for its decision to release the Keanu Reeves, Carrie-Anne Moss-starrer on the subscription streaming platform HBO Max concurrently with its Dec. 10 theatrical debut. The studio’s parent, WarnerMedia, in late 2020 due to the pandemic and shuttered theaters, announced the controversial decision … Continue reading “‘Matrix Resurrections’ Producer Sues Warner Bros. Over HBO Max Distribution”
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Horacio Gutierrez Hired as New Walt Disney General Counsel
Disney CEO Bob Chapek Dec. 22 announced the hiring of Horacio Gutierrez as the media giant’s new senior EVP, general counsel and secretary. Gutierrez, who joins Disney from Spotify, where he served as head of global affairs and chief legal officer, replaces Alan Braverman, who announced in July he would be retiring after nearly two … Continue reading “Horacio Gutierrez Hired as New Walt Disney General Counsel”
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South Korean ISP Wants Netflix to Pay More for Broadband
On the heels of Netflix’s global hit “Squid Game,” a legal battle between the world’s largest subscription streaming operator and a South Korean ISP has reignited the debate over net neutrality laws in the country. Specifically, SK Broadband, the high-speed internet distributor of SK Telecom in South Korea, recently filed a countersuit against Netflix demanding … Continue reading “South Korean ISP Wants Netflix to Pay More for Broadband”
