Business

Former WarnerMedia CEO Jason Kilar has been named to the board of Roblox Corporation, the company behind the online game platform and game-creation system. Kilar, who also serves on the board of directors of Wealthfront and Opendoor Technologies, exited his post as CEO of WarnerMedia on the eve of the company’s acquisition by Discovery in

The European Central Bank’s main interest rate has hit its highest level since the creation of the euro in 1999 amid the continuing battle against inflation. The Bank’s deposit rate was raised by 0.25 percentage points to 4% at the latest meeting of the governing council, which manages monetary policy for the 20 countries that

Starz CEO Jeff Hirsch said the long-in-the-works separation of the premium linear and streaming programmer from Lionsgate’s studio unit will be a boost to both entities. “I don’t think the Starz story is as clear as it could be because we’re part of a bigger company,” he said during an appearance at the BofA Securities

Shares in UK-based chip designer Arm Holdings have soared after the firm made its Nasdaq debut on Thursday. The firm’s stock opened at $56.1 (£45.2) per share – 10% above the initial public offering (IPO) price of $51 (£41). Arm, which is still 90.6% owned by Japan’s SoftBank Group, had earlier secured a valuation of

Oliver Anthony is having none of it. The singer behind the left-field chart-topper “Rich Men North of Richmond” said on social media that he has scrapped a September 27 concert in Tennessee because of the high ticket prices. “Cotton Eyed Joe has been cancelled,” he wrote this week on Facebook, referring to the Knoxville venue

UK-based chip designer Arm Holdings has secured a $54.5bn (£43.6bn) value ahead of its eagerly anticipated return to the stock market later on Thursday. Shares in the firm, majority-owned by Japan’s SoftBank Group, are scheduled to start trading today on the Nasdaq in New York. High demand from investors meant it was able to sell

A group of New York City pension funds, along with others from the state of Oregon, have sued Fox Corp. and its officers and directors for “consciously disregarding defamation risk.” Fox News 2020 election coverage promoted “political narratives without regard for whether the underlying factual assertions were true or based on sources worthy of credit,”

Days of Wine and Roses, a musical adaptation of the classic 1958 teleplay and 1962 feature film about a married couple struggling to come to grips with alcoholism, will open on Broadway in January starring Kelli O’Hara and Brian d’Arcy James reprising their performances from an acclaimed Off Broadway production earlier this summer. The limited

TV analytics firm 605 has been acquired by ad measurement company iSpot, the company’s fourth acquisition in five years and its largest to date. Kristin Dolan, who founded 605, became CEO of AMC Networks earlier this year. The Dolan family controls the shares of AMC Networks and the Madison Square Garden companies. Financial terms were

In the first public comments by a Charter executive since a carriage renewal with Disney, CFO Jessica Fischer said the deal “met all of our objectives” and a preceding blackout resulted in only moderate TV subscriber losses. The closely watched Disney-Spectrum carriage dispute was resolved Monday as the companies reached a precedent-setting multi-year pact. Eight

Tech CEOs and other industry leaders converged on the stately top floor of a Senate office building on Wednesday for a closed-door forum with lawmakers focused on potential regulation of AI. The sessions, organized by Senate Majority Leader Chuck Schumer, were meant as a listening session for lawmakers as some sound the alarm over the

EXCLUSIVE: Actress Liv Tyler has signed with CAA. The move comes just a few months after the conclusion of principal photography on Captain America: Brave New World, the superhero flick marking her return to the MCU which will have her reprising her role as scientist Betty Ross. Tyler first played the part in 2008’s The

MPA Chairman Charles Rivkin told lawmakers, tech CEOs and labor groups about the industry’s position on AI at a landmark Senate forum on the technology on Wednesday. According to remarks released by the MPA, Rivkin told the closed-door session that “my industry welcomes the opportunity to discuss legislation…legislation that seeks to address the downside risks

Netflix’s chief financial officer said today that ongoing Hollywood strikes are bad for the business, and the company is focused on getting back to work. “I think really kind of cutting through it, the main thing…is there’s a lot of folks out of work and the business isn’t moving forward,” chief financial officer Spencer Neumann

Visual effects workers at Marvel Studios and seven of its subsidiaries have voted 32-0 to unionize with IATSE in an election conducted by the National Labor Relations Board. The union called the unanimous vote an “historic first” for the industry’s VFX workforce. The next step for IATSE is to engage in collective bargaining with Marvel

An NFT-backed animated series production featuring the voices of Ashton Kutcher, Mila Kunis, Chris Rock, Dax Shepard, Jane Fonda and Seth MacFarlane has been fined $1 million for misleading investors. Stoner Cats, which was funded through the sale of $8 million in non-fungible tokens [NFTs] to investors in 2021, was part of a scheme to

The level of illness among the UK population is costing lives and harming the economy, a report has warned – after the number of people off work due to long-term sickness hit another record high. More than 2.6 million people now do not have jobs because of their health, according to latest employment data from

The biggest test of Bernard Looney’s legacy at BP will be how much of his strategy survives his shock departure. That plan was one of the most dramatic ever unveiled by the chief executive of a British company. None of the so-called supermajors – BP, Exxon, Shell, Total, Chevron, ConocoPhillips and Eni – had, when

The head of BP has suddenly resigned following allegations over “personal relationships with colleagues”. Bernard Looney’s departure as chief executive of the British energy giant comes less than four years after he was appointed to the role. The 53-year-old, who was paid more than £10m in wages, bonuses and other benefits last year, is said

Household energy suppliers are facing tougher restrictions on the forced installation of prepayment meters following criticism that curbs failed to help many of the most vulnerable. Industry regulator Ofgem said it was tightening the no-install rules from 8 November to include people aged over 75 with no support in their house and homes with children