Media Business
Latest news, analysis, and updates on Media Business from A47 News.
5 stories in Business · Updated live
Australia Proposes News Bargaining Incentive Legislation for Tech Giants
On April 28, 2026, the Australian government announced draft legislation requiring Meta, Google, and TikTok to pay a 2.25% levy on local revenues exceeding A$250 million to support news publishers. This move follows the perceived failures of the 2021 News Media Bargaining Code, which allowed tech platforms to circumvent obligations to local news. If enacted, this legislation could set a precedent for similar regulatory measures in other countries, impacting the relationship between tech companies and media outlets globally.
FCC Reviews Disney's ABC Licenses Following Trump-Kimmel Controversy
The U.S. Federal Communications Commission has initiated an early review of licenses for eight Disney-owned ABC television stations. This action comes in response to President Trump's demands for Jimmy Kimmel's dismissal over a controversial joke about First Lady Melania Trump. The outcome of this review could set a precedent for media regulation and First Amendment rights amid increasing scrutiny of perceived media bias.
Disney Retains ESPN Amid Streaming Strategy Shift
Disney has decided to keep ESPN within its corporate structure, halting plans for a spinoff. This decision is driven by CEO Josh D'Amaro's focus on enhancing streaming growth while maintaining control over the sports network. In the long term, this move may provide stability for Disney as it navigates the competitive media landscape and reassesses its strategic direction.
Paramount Seeks FCC Approval for Increased Foreign Investment in Warner Bros. Discovery Acquisition
Paramount has filed with the FCC to approve foreign investment in its Warner Bros. Discovery acquisition. This request is driven by the need to secure substantial funding from Middle Eastern sovereign wealth funds, which are poised to hold nearly 50% of the new entity. The outcome of the FCC's review will set a precedent for future foreign investments in U.S. media companies, potentially reshaping ownership dynamics in the industry.
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DAZN acquires ViewLift for $100 million to enhance U.S. sports streaming capabilities
DAZN has announced its acquisition of ViewLift for approximately $100 million. This strategic move is aimed at strengthening DAZN's presence in the competitive U.S. sports market, leveraging ViewLift's technology solutions used by professional sports teams. The long-term implication is that DAZN is positioning itself to better compete and expand its audience in the evolving landscape of sports streaming services.
Disney Retains ESPN Amid Streaming Strategy Shift
Disney has decided to keep ESPN within its corporate structure, halting plans for a spinoff. This decision is driven by CEO Josh D'Amaro's focus on enhancing streaming growth while maintaining control over the sports network. In the long term, this move may provide stability for Disney as it navigates the competitive media landscape and reassesses its strategic direction.
FCC Reviews Disney's ABC Licenses Following Trump-Kimmel Controversy
The U.S. Federal Communications Commission has initiated an early review of licenses for eight Disney-owned ABC television stations. This action comes in response to President Trump's demands for Jimmy Kimmel's dismissal over a controversial joke about First Lady Melania Trump. The outcome of this review could set a precedent for media regulation and First Amendment rights amid increasing scrutiny of perceived media bias.
Australia Proposes News Bargaining Incentive Legislation for Tech Giants
On April 28, 2026, the Australian government announced draft legislation requiring Meta, Google, and TikTok to pay a 2.25% levy on local revenues exceeding A$250 million to support news publishers. This move follows the perceived failures of the 2021 News Media Bargaining Code, which allowed tech platforms to circumvent obligations to local news. If enacted, this legislation could set a precedent for similar regulatory measures in other countries, impacting the relationship between tech companies and media outlets globally.