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ESPN, Fox, Warner Bros. Abruptly Scrap Sports Streaming JV

Law 360

ESPN, Fox and Warner Bros. Discovery called off their Venu joint live sports streaming venture Friday, just days after ESPN parent company The Walt Disney Co. used the acquisition of a majority stake in streaming startup FuboTV Inc. to nix Fubo's challenge to Venu on the courthouse steps.

Sports 97
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Warner Bros. Hit With Investor Suit Over Failed NBA Deal

Law 360

Warner Bros. Discovery Inc. investors Monday filed a proposed class action claiming that the entertainment company and its top brass made false and misleading statements about how negotiations with the NBA were really going and the state of its overall business and financial prospects.

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Activist Investor Jockeys to ‘Restore Magic’ at Disney Amid Proxy Fight

Intelligize Blog

Activist investor Nelson Peltz, CEO of Trian Fund Management and a longtime agitator of brand-name corporations, has launched a campaign to “ restore the magic ” at the Walt Disney Company. Comic book aficionados might wonder why Peltz chose characters from DC Comics, a Warner Bros. Discovery Inc.

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Even Before Shooting of Insurance CEO, Spending on Executive Security Was Booming

Intelligize Blog

More than 25% of companies that are members of the Fortune 500 disclose they are funding security for the top ranks of their executives. The company spends a total of $24 million annually on security for its executives. Soon enough, the company had scrubbed names and biographical details from the site. Discovery Inc.