American mass media and entertainment conglomerate
The James Bond casting search has intensified, with frontrunners narrowing and new bets shifting as producers pace the process amid a flurry of interviews and public speculation.
Walmart has announced it is directing tariff refunds toward price cuts and improved customer experiences. US comparable sales have slowed, though the company reports a continued lift from rollbacks and investments in groceries and essentials. Analysts warn profits may face headwinds from fuel costs and automation spending amid uneven consumer demand.
Paramount’s planned spin-off 6666 has been scrapped, with creator Taylor Sheridan clarifying he would not fictionalise the active Four Sixes Ranch in Texas. The Yellowstone universe remains intact, with existing series continuing and new prequels and sequels in development across platforms.
U.S. states have filed suit to block Paramount’s $110 billion merger with Warner Bros. Discovery, asserting it would control about one-third of major movie titles and cable programming. The case has prompted talks of structural remedies, though theaters and other stakeholders seek protections before any approval. A trial is set for March, with ongoing talks in the background.
Actor Mark Ruffalo has urged lawmakers to block Paramount Skydance’s $111 billion merger with Warner Bros Discovery, linking the deal to Oracle’s ties to Israel. Paramount calls the rhetoric antisemitic tropes; George Clooney defends Ruffalo’s right to speak. Over 170 Jewish artists have signed a letter supporting Ruffalo. The merger remains under antitrust scrutiny and on hold as debate intensifies.
President Donald Trump has said NBCMeet the Press host Kristen Welker will be reported to the Federal Communications Commission for what he called a "purposeful inaccuracy" after she said his endorsements have had "mixed results" this primary season. He named FCC chair Brendan Carr and urged the commission to act; broadcasters and rights groups are litigating alleged FCC pressure.
The Royal Mint has unveiled two 50p coin designs, some in colour, to celebrate 60 years of Star Trek. The designs feature the Vulcan salute with the motto Live long and prosper and a second coin with four spacecraft spanning different eras. Mint and Paramount executives say the coins honour the franchise’s dedicated collector community; they go on sale September 3 with prices from 19.95 pounds.
South Park has announced a name change to South America for its 29th season, in a move that mirrors President Trump’s recent renaming attempts for lakes, gulf and even a state. The show’s creators say the rename is inspired by Apple and Google and thanks Paramount Skydance, as the merger and regulatory backdrop grow.
The creators of South Park have announced that the show will officially be known as SOUTH AMERICA for its 29th season, a move inspired by Apple and Google renaming Lake Ontario to Lake America. The announcement comes as Donald Trump has pushed for names changes in U.S. maps and fronts a broader political clash with Canada and tech platforms.
Oracle founder Larry Ellison has canceled a plan to sell up to 50 million Oracle shares, a move disclosed in regulatory filings. The reversal follows a plan announced in June to sell stock under a 10b5-1 trading plan, which is now scrapped. Oracle’s push into AI infrastructure has coincided with rising debt and reduced cash flow, contributing to a stock decline this year.
The season premier of 60 Minutes has sparked controversy as CBS News chief Bari Weiss and lead producer Nick Bilton overhaul the program. Ratings have fallen since last year, despite high-profile interviews and new contributors joining the team.
Paramount Skydance faces antitrust litigation blocking its merger with Warner Bros. Discovery. A California-led legal challenge threatens to push Paramount’s headquarters and thousands of jobs out of California, triggering a potential $10.6–$21.2 billion hit to state output and hundreds of millions in tax losses. The LAEDC warns the move could reshape Hollywood’s economic center.
CBS News has begun a leadership overhaul at 60 Minutes, with Bari Weiss implementing a new editorial direction after a year of internal turmoil. Early reporting shows staffing changes and questions about how the program will adapt to a changing newsroom.
Bloomberg reports a settlement could come this weekend or Monday, with Warner Bros. shares rising 8.6%. Paramount asserts no transfer of control, the Ellison family retains majority voting interests.
Twelve state attorneys general have reached a settlement with Paramount Skydance that has cleared the way for its merger with Warner Bros. The deal has required independent editorial boards for CNN and CBS, a commitment to release at least 30 theatrical films a year and a $30m penalty if that output target is missed. Critics and media advocates have condemned the concessions.
The Guardian reports Clarkson urges a single Britflix to survive streaming era; Reuters notes Channel 4 and the BBC are weighing collaboration amid funding pressures and audience fragmentation. Both pieces frame pressure on UK public-service media as competition from global platforms grows.
Prediction markets expect a strong September jobs figure, with around six-figure gains possible and a 60% chance of more than 90,000 payrolls. August’s rebound supports a higher bar, while the Fed weighs inflation in its policy path. Official data from the Bureau of Labor Statistics will set the verdict Friday at 8:30 a.m. ET.
David Ellison has closed the roughly $110 billion merger that combines Paramount and Warner Bros. into a single company rebranded Skydance. The deal has folded HBO Max and Paramount+ together under one owner, brought CBS and CNN into the same corporate roof, and left the new firm carrying heavy debt while promising film release minimums and editorial safeguards.
Paramount and Warner Bros. Discovery have merged into a single company, Skydance, uniting two historic studios, streaming services, and news brands under one leadership. Ellison and Kreiz lead the new entity, with plans to accelerate content development and expand global reach.
The government has extended the autopay-driven interest reduction through June 2028, expanding relief for borrowers on the Save plan and others returning to repayment. Auto pay enrolment by Dec. 31 is required for the 1% reduction; for those already enrolled, the discount remains in place. Default and forbearance-related risks persist as millions face repayment.
Skydance has completed its $111 billion merger, uniting Paramount Pictures and Warner Bros. Discovery under one umbrella and creating a media giant that also includes CNN, CBS News, HBO Max and Paramount+. The deal promises a future of unified streaming, cost savings, and potential job impacts across film and news divisions.
Netflix has announced a major round of job cuts, affecting its product, tech, legal and human-resources teams. The company says it remains on track to meet its full-year forecast, with around 16,000 employees at year-end and renewed emphasis on high-impact areas amid a competitive streaming landscape.
Netflix has announced significant leadership changes and a major round of layoffs as it grapples with slowing engagement and fierce competition. The company has replaced Bela Bajaria with Peter Rice and is restructuring its film unit, while still pursuing a streaming-first strategy and exploring limited theatrical windows for certain titles.
The documentary on Elon Musk has seen shifting release plans as studios negotiate distribution. TikTok has suspended an associated account over political content, while HBO’s airing remains in question as Universal reassesses international rights.
Skydance has secured equity injections as Paramount and Warner Bros. Discovery merge under its banner. Elon Musk’s roughly $1 billion investment deepens ties with Larry Ellison’s family as the new media empire targets at least $6 billion in annual cost savings amid a heavy debt load.