Warner Music Group is set to boost its streaming revenue following new AI licensing agreements, including a key deal with the AI startup Suno, while competitors remain locked in litigation.
Regal Cinemas CEO Eduardo Acuna endorses Paramount Skydance’s acquisition of Warner Bros. Discovery, warning the pending antitrust trial could harm the movie industry.
Google is negotiating a $1.5 billion deal to license AI technology from startup Mechanize, while securing key talent to boost its AI coding capabilities amid fierce competition.
Toast reported record net restaurant additions and highlighted its AI-powered tools as central to expanding revenue and deepening customer engagement.
Meta’s shares plunged sharply, dragging Mark Zuckerberg’s net worth down by nearly $18 billion as Wall Street reacts cautiously to the company’s rising AI investments and uncertain outlook.
The Hollywood Foreign Press Association accuses Penske Media and partners of fraud and monopolistic tactics in securing control of the Golden Globes, filing a $150 million lawsuit.
Former owners of the Golden Globe Awards filed a $150 million lawsuit accusing Penske Media of fraud and monopolistic tactics during its acquisition of the prestigious awards ceremony.
Paramount has agreed to delay its $81 billion Warner Bros. Discovery acquisition as 12 states, led by California, challenge the merger on antitrust grounds in court.
Nokia surpassed profit forecasts as AI and cloud-related sales more than doubled, boosted by strong demand in network infrastructure and improved operating margins.
Amazon founder Jeff Bezos is discussing a potential investment in a consortium aiming to acquire a significant minority stake in Liverpool FC, in a move marking his first Premier League interest.
Transcripta Bio raises $24 million to accelerate development of AI-driven small molecule therapies targeting neurological diseases like autism and muscular dystrophy.
Retailers are ramping up AI and technology spending, allocating billions to capital expenditures as they explore integrating artificial intelligence into supply chains and customer experiences.