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J. Clara Chan

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Endeavor, Buoyed by Live Events and Sports, Posts $1.3B in Revenue

Endeavor, continuing to benefit from the return of “full capacity” live events, brought in $1.3 billion revenue and $42.2 million in net income during the second quarter. The sports and representation firm also stated that it intends to repay $250 million of debt by the end of the third quarter of this year. Adjusted EBITDA […]

YouTube Streamer Valkyrae Signs With Range Media Partners

Top YouTube streamer Rachell “Rae” Hofstetter, also known as “Valkyrae,” has signed with Range Media Partners and will be managed by Kai Gayoso, Range Media’s head of digital. Hofstetter is best known for streaming titles like Among Us, Fortnite and Valorant and has amassed more than 3.7 million subscribers on YouTube. Though the content creator […]

KPCC, LAist Studios Hire New Executives From Entertainment Weekly, L.A. Times

LAist Studios, the podcast development and production studio of Southern California Public Radio, has tapped former Entertainment Weekly editorial director Shana Naomi Krochmal to serve as vice president of the studio. At LAist Studios, which produces shows like California Love and Servant of Pod with Nick Quah, Krochmal will be tasked with helping refine the […]

Disney Hits 221M Total Streaming Subscriptions, Topping Netflix for First Time

Disney+ added 14.4 million subscribers during the third fiscal quarter for a total of 152.1 million, beating Wall Street analysts’ expectations of an average 10 million subscriber add for the quarter. Including Disney+, Hulu and ESPN+, Disney now has a total of 221.1 million subscriptions, surpassing Netflix’s 220.7 million subscribers, as of July. Disney has […]

Price Hikes For Disney+, Hulu and ESPN+ Unveiled

Disney is launching its ad-supported version of Disney+ in the U.S. in December and increasing the prices of its subscriptions for ad-free Disney+, Hulu and ESPN+. Beginning on December 8, Disney+ with ads will cost $7.99 a month — the same price that Disney+ currently costs, without ads. As a result, the premium, ad-free version […]

‘The Breakfast Club’ Co-Host Angela Yee to Depart Radio Show After 12 Years

Angela Yee, the longtime co-host of the hit radio show The Breakfast Club, is leaving the morning show to launch her own solo weekday broadcast with iHeartRadio, Yee said on Wednesday morning. Way Up With Angela Yee will debut later this fall and feature the radio personality interacting with listeners, interviewing celebrity guests and discussing […]

Reductress Sold to Meena Harris’ Phenomenal Media

Phenomenal Media, the media and marketing company founded by Meena Harris, is acquiring the online satirical website Reductress, the companies said on Wednesday. Reductress, which satirizes sexist media coverage targeting women, was founded in 2013 by Beth Newell and Sarah Pappalardo. Best known for its comedic headlines paired with stock imagery, the site is edited by Pappalardo […]

BuzzFeed Discloses $5.3M In Restructuring Fees, Including Layoffs

BuzzFeed brought in $106.8 million in revenue during the second quarter as total time spent by users declined to 154 million hours, representing a 19 percent drop year over year. BuzzFeed CEO Jonah Peretti previously said in May during the company’s earnings call that he expected Q2 revenues to surpass $100 million. Though total revenue […]

National Lampoon to Release NFTs Through Pact With Non-Fungible Films

National Lampoon, the comedy institution that first launched as a magazine spinoff of Harvard University’s Harvard Lampoon before expanding into radio and film, is partnering with the Web3-focused entertainment studio Non-Fungible Films to release NFTs and other projects based on the Lampoon’s IP. The Lampoon follows other institutions seeking to monetize their IP via NFTs […]

BuzzFeed Studios Taps Former MTV Exec Paul Ricci to Lead Unscripted Programming

BuzzFeed Studios has hired Paul Ricci, formerly the head of alternative programming and development for MTV and VH1, to lead unscripted TV. Reporting up to BuzzFeed Studios head Richard Alan Reid, Ricci will oversee unscripted projects across BuzzFeed Inc.’s brands, which include BuzzFeed, Complex, Tasty and HuffPost. Scripted projects will continue to be led by […]

Ryan Reynolds’ Maximum Effort Productions Strikes First-Look Unscripted Deal With FuboTV

Ryan Reynolds’ Maximum Effort Productions has signed a multiyear first-look deal for unscripted content with the live sports streamer FuboTV, the companies said Monday. Maximum Effort, which maintains its first-look deal with Paramount Pictures, will also launch a linear channel on FuboTV called the Maximum Effort Network, over which the production company will maintain creative […]

CAA Hires a Chief Metaverse Officer

CAA has hired Joanna Popper, an executive who oversaw extended and virtual reality initiatives at HP, to become the agency’s first chief metaverse officer. At CAA, Popper will be responsible for overseeing a team of executives focused on the agency’s metaverse strategy, both internally and for clients. She will work closely with Alexandra Shannon, CAA’s […]