‘Dumbo’ underwhelms but ‘Us’ crosses $100 million at the box office

New York (CNN Business)“Dumbo” didn’t fly quite as high as expected this weekend. Peele’s follow up to “Get Out” has now made $174.5 million globally. The second weekend total for “Us” marked a 53% drop from its opening weekend haul. But “Us,” which cost $20 million to make, surprised Hollywood with a $71 million opening […]

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HBO chief Richard Plepler leaves network he spent decades building in post-AT&T shakeup

New York (CNN Business)HBO chief Richard Plepler announced Thursday that he is leaving the company after nearly 28 years. Plepler said in his memo that he had informed John Stankey, the chief executive of WarnerMedia, that he would “work closely with him to assure a seamless and organic transition.” HBO’s future under AT&T (T) ownership […]

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Appeals court backs AT&T acquisition of Time Warner

(CNN Business)An appeals court has rejected the Justice Department’s bid to overturn a ruling that cleared the way for AT&T’s acquisition of Time Warner. AT&T, the Justice Department claimed, would have greater bargaining leverage over rival TV distributors because the company would have valuable live content from Turner’s networks, like the sports that TNT carries […]

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Pittsburgh newspaper union wants publisher barred from newsroom over ‘violent’ incident

New York (CNN)What was described as a “bizarre” and “violent” encounter with the paper’s publisher has prompted dramatic action from the union at the Pittsburgh Post-Gazette. Additionally, the Guild has filed an unfair labor complaint with the National Labor Relations Board over Block’s conduct. The complaint, a copy of which was shared with CNN Business, […]

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‘Rowing with the current:’ Hulu’s CEO on the future of streaming TV services

New York (CNN Business)Hulu’s increasing investments in programming will include some fresh bets on news and documentary content, Hulu CEO Randy Freer said in an interview at CES this week. As for other forms of news programming, Hulu is “exploring” those options, Freer said. Hulu is best known for its on-demand library of network TV […]

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Lionsgate lays off 25 staffers

New York (CNN Business)Lionsgate, the entertainment studio which has struggled in recent years, laid off approximately 25 employees on Friday, people familiar with the matter told CNN. In a note sent to employees, Joe Drake, chairman of Lionsgate Motion Picture Group, said he wished departing staffers “the very best on their continued career trajectory.” “We […]

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Netflix says more than 45 million accounts have watched ‘Bird Box.’ But the figure needs an asterisk

(CNN)Netflix seems to be flying so high over the reception to its just-released psychological horror film “Bird Box” that it’s breaking a long-held tradition of staying largely mum on viewership. To be fair, it’s because they sort of have been, but how much longer will that last? Rebecca Keegan of The Hollywood Reporter questioned the […]

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Michelle Obama’s ‘Becoming’ has the longest run atop Amazon since ‘Fifty Shades’

New York (CNN Business)“Becoming” by Michelle Obama is not just one of the best-selling books of the past year it is one of the hottest titles of the decade. “Becoming” was released on November 13, specifically timed to maximize holiday season sales. It hit No. 1 on Amazon the Friday before the publication date and […]

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Barnes & Noble says Michelle Obama’s new book has biggest first-week sales of 2018

New York (CNN Business)Michelle Obama’s nationwide tour for her new book “Becoming” has already helped the book achieve a publishing milestone. It has been nearly two years since the Obamas left the White House, but there is still intense interest in the former president and first lady. “Becoming” remains No. 1 on the online lists […]

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President of George Soros charity says he wants to go on Fox News. But they won’t book him

New York (CNN)Fox News talks about billionaire philanthropist George Soros a lot. He is a favorite bogeyman of the right, so Fox’s conservative talk shows blame him for all sorts of ills, sometimes even pushing into conspiracy theory territory. Conspiracy theories about Soros have spread for years among the far right. President Donald Trump and […]

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