The Chernin Group is leading a $263 million strategic investment in pop culture lifestyle brand Funko, with Bob Iger and sports agent Rich Paul among the stakeholders. Peter Chernin and Iger, who ended his long run at Disney last year, are joining as advisors to the Funko board. Paul, CEO and founder of Klutch Sports and head of sports at […]

France’s economy stagnated in the first quarter of this year, defying expectations for a modest growth, amid a sharp fall in consumption and slower investment growth as the war in Ukraine and rising inflationary pressures damped activity. Gross domestic product was unchanged from the fourth quarter when the economy expanded 0.8 percent, revised from 0.7 percent, preliminary data from the […]

The WGA East has joined the WGA West in condemning the draft of a Supreme Court ruling that would overturn Roe v. Wade and is urging producers to “carefully consider” not filming in states that ban abortion. In a statement on Thursday, the governing Council of the WGA East said that it “condemns the leaked draft of the Supreme Court […]

LONDON (Reuters) – A paper published by the world’s main central bank umbrella group, the BIS, has called for individuals and firms to be given more control over the data collected on them by social media and other Big Tech firms and banks.FILE PHOTO: A computer keyboard lit by a displayed cyber code is seen in this illustration picture taken […]

After another rollercoaster ride early in the session, stocks moved sharply higher over the course of the trading day on Thursday. The tech-heavy Nasdaq led the rally after ending Wednesday’s trading at its lowest closing level in over a year. The major averages pulled back off their highs going into the close but held on to strong gains. The Dow […]

Elon Musk has unveiled a group of investors that together will provide about $7.14 billion in financing commitments for his pending $44-billion acquisition of Twitter, and said he’s talking to Twitter founder Jack Dorsey about sticking around as part owner. See table below for the institutions (from Sequoia Capital to Qatar Holding to (Oracle founder’s) Lawrence J. Ellison Revocable Trust […]

Germany’s inflation unexpectedly accelerated further in April to set a new high in over four decades, driven by runaway energy prices and increased production costs due to supply bottlenecks in the backdrop of the Russia’s invasion of Ukraine. The flash consumer price index rose 7.4 percent year-on-year following a 7.3 percent increase in the previous month, preliminary estimates from Destatis […]

Shampa Banerjee, a seasoned streaming exec who held senior posts at Eros International and Pluto, has been named chief product and technology officer at Canela Media. Venture-funded Canela operates a portfolio of websites as well as free, ad-supported streaming services Canela TV and Canela Music. Banerjee will report to Isabel Rafferty, Canela’s founder and CEO. A trained physicist with an […]

Another top Warner exec, John Rogovin, is heading for the exits amid a major corporate shakeout following the merger of WarnerMedia and Discovery last month. The longtime EVP, general counsel for WarnerMedia Studios and Networks, who previously served at the FCC and DOJ, said, “It’s been an incredible run for 14 years. Serving as the General Counsel of Warner Bros. […]