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Fitbit's Whoop Challenger Quietly Added a Game-Changing Upgrade
The Fitbit Air launched with great hardware and work-in-progress software. Now, a new partnership with a cult-favorite health startup may shore up the new tracker's biggest weakness.
What Does the Protect College Sports Act Mean to the Current Status and Virginia Tech?
Congress is poised to update the legal foundations of the NCAA and collegiate sports with the Cruz-Cantwell “Protect College Sports” Act. If and when it passes it means big changes.
Thoughts on the Eastern Conference and the Orlando Magic
I recently joined my colleagues on the Heat Wave Podcast to discuss the changing Eastern Conference landscape and the Orlando Magic's future in it.
Why KFC stopped calling itself Kentucky Fried Chicken — and the myths that still won't die
The 1991 name change from Kentucky Fried Chicken to KFC sparked wild myths, but the real reason involved declining earnings and the word "fried."
These 7 Android shortcuts changed how I use my phone every single day
Make every tap count
Hsbc Holdings PLC Trims Position in Sphere Entertainment Co. $SPHR
Hsbc Holdings PLC trimmed its holdings in shares of Sphere Entertainment Co. (NYSE:SPHR - Free Report) by 84.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,495 shares of the company's stock after selling 18
'Just stop burning fossil fuels.' Scientists stress that our smoky skies only have one true fix
Smoky skies in Toronto have led to new scrutiny of government efforts to fight fires and manage forests. But scientists say the realistic way to tackle the smoke is fighting climate change itself.
Mookie Betts Pushes MLB To Fix One Broken Rule
Dodgers star Mookie Betts demands a specific rule change to improve the game. See his bold proposal and why it matters to every fan.
Small businesses fear closures if Las Vegas moves forward with parking fee changes
Lakers Make Major Change to JJ Redick’s Coaching Staff
Lakers head coach JJ Redick made the call to have South Bay coach Zach Guthrie become a Lakers assistant coach and head of player development. The post Lakers Make Major Change to JJ Redick’s Coaching Staff appeared first on LA Sports Report.
Entertainment Guilds Blast Emmy Category Changes
The Directors Guild of America, SAG-AFTRA and the Writers Guild of America Friday criticized a Television Academy decision to remove five Emmy Award categories from the prime-time broadcast. The criticism came a day after the Television Academy’s Board of Governors approved moving five award categories from the Sept. 14 prime-time telecast on NBC to ceremonies […]
The Haven Exchange: New business downtown provides a unique dining experience
LOCK HAVEN — A building that once welcomed customers to manage their finances is now welcoming them to gather over food, drinks and conversation. After months of renovations, planning and a few last minute hurdles, Emma and Parker Everett officially opened The Haven Exchange, 104 E. Main St., Lock Haven, on Friday, July 17, transforming […]
Emmy Awards Just Cut Five Major Categories Out of 2026 Broadcast, Reason Revealed
The Television Academy is making several changes to the 2026 Emmy Awards. This time, they are moving five major categories out of the main broadcast. The change is part of an effort to make the show s...
Ohio City Inc. urges Cleveland to create a relief fund for businesses hit with 50+ hour power outage
At least 19 businesses sat in the dark over the Fourth of July weekend due to a 50+ hour long power outage, losing thousands of dollars in inventory and revenue. The costly situation now has Ohio City Inc. asking for change.
Nintendo Gives Fans Their First Official Look at New Switch Joy-Con
Nintendo quietly shares a glimpse at a change the company made to its Joy-Con controller lineup for customers to consider moving forward.
Ranking Member Markey, Senator Hirono Reject Trump’s SBA Policy Proposal that Harms Underserved Small Business Owners and Entrepreneurs
Letter (PDF) (Washington, July 17) – Ranking Member Edward J. Markey (D-Mass.) and Senator Mazie Hirono (D-Hawaii) submitted a comment letter to the Small Business Administration (SBA) opposing a proposed rule change by Trump’s SBA to the 8(a) Business Development Program that would harm underserved small business owners and entrepreneurs. The 8(a) Business Development Program was created by Congress more than 50 years ago to level the playing field for small business owners and entrepreneurs who have faced discrimination in starting and operating their businesses. The SBA’s proposed change ignores the existence of historic discrimination that minority and underserved small businesses have faced and continue to face. In the letter, the lawmakers wrote, “SBA’s proposed rule ignores present-day barriers that entrepreneurs from minority and underserved communities face. Discrimination is not dead; minority entrepreneurs continue to face reduced access to contracting opportunities and capital, as well as racial threats and targeting, including unequal treatment, refusal by others to work with minority-owned firms, being called racial slurs, and bias in the workplace. These barriers lead to wide underutilization of, and less revenue for, minority-owned businesses compared to majority-owned businesses, as supported by decades of disparity studies. The proposed rule diminishes the history of systemic racial and ethnic discrimination in the United States by claiming that remedies for discrimination create discrimination in and of themselves.” The lawmakers continued, “The program has always been open to anyone who can prove they have experienced prejudice or cultural bias in education, employment, entrepreneurship, and other facets of our society. Nonetheless SBA has moved forward with the proposed rule. It lacks a reasoned basis, purporting that the federal government has discriminated against White Americans, but offering no substantive qualitative or quantitative data or research in support. If the examples provided in the proposed rule are the only basis for what constitutes discrimination to the agency, they are woefully insufficient. The final rule must provide strong evidence that there is discrimination against White individuals and show how the rule is narrowly tailored to address it. The record remains devoid of evidence of discrimination against White individuals on the basis of race.” Ranking Member Markey is fighting to protect federal programs that address historic discrimination against small business owners from minority and underserved communities, and for a small business agenda that ensures economic opportunity for all. In June, Ranking Member Markey released a statement condemning the SBA’s proposed changes to the 8(a) Business Development Program. Also in June, Ranking Markey released a new report highlighting Trump’s drastic reduction in federal contracting dollars awarded to American small businesses, including minority-owned small businesses. In February, Ranking Member Markey, alongside Senators Hirono and Cory Booker (D-NJ), and Representative Ayanna Pressley (MA-7), introduced the Strengthening Place-based Access, Resources, and Knowledge (SPARK) Act to spur entrepreneurship and increase access to capital and resources for underserved entrepreneurs nationwide. Ranking Member Markey previously held a field hearing in Roxbury, Massachusetts, to discuss how government and the private sector can come together to make entrepreneurship more accessible for underserved communities. Earlier in February, Ranking Member Markey secured funding with the Appropriations Committee for Small Business Development Centers, Women’s Business Centers, SCORE Chapters, and Veterans Business Outreach Centers and provisions to rein in the Administration’s attempts to eliminate programs that support women, veterans, and underserved entrepreneurs. In January, Ranking Member Markey sent a letter to the Consumer Financial Protection Bureau to oppose rule changes that would gut protections against discriminatory lending practices that harm small businesses. In December 2025, Ranking Member Markey sent a letter to SBA Administrator Kelly Loeffler expressing significant concerns with the SBA’s overly burdensome request and unclear guidance for extensive financial documentation over the holidays, as a part of their sweeping attempts to dismantle the 8(a) Business Development Program. In July and December 2025, Ranking Member Markey sent letters to the SBA Administrator demanding answers about the Trump administration’s efforts to limit economic opportunity for American entrepreneurs, including immigrants. In May 2025, Ranking Member Markey sent a letter to the SBA Administrator rejecting President Trump’s FY 2026 budget proposal and calling on SBA to immediately release funding for the entrepreneurial development programs, which include programs like the Women’s Business Centers and the Veteran’s Business Development Centers that support underserved small business owners. In April 2025, Ranking Member Markey introduced the New Start Act of 2025 to establish a five-year pilot program providing grants to support entrepreneurial development training for currently or formerly incarcerated individuals. In February 2025, Ranking Member Markey sent letters to the SBA Administrator and Government Accountability Office (GAO) condemning President Trump’s war on diversity, equity, inclusion, and accessibility (DEIA) policies and asking how the SBA intends to implement Trump’s anti-DEIA executive orders. ###
'The facts have not changed': States push back on allegations of non-citizens voting
Homeland Security Secretary Markwayne Mullin said the agency will be going through state databases to review any cases of noncitizens voting. But states say their elections remain secure.
Burlington businesses push back as needle exchange moves to Bank Street
Local business leaders say the problems with the previous location have just moved to the new site.
Airlines warn changing daylight saving time would disrupt scheduling
Airlines for America warns that permanent daylight saving time would disrupt crew scheduling, aircraft positioning, and global connectivity networks.
iPhone 18 Pro Launching in Two Months With These 12 New Features
It is now mid-July, and that means the iPhone 18 Pro and iPhone 18 Pro Max are now just two months away. The devices are expected to look similar to the iPhone 17 Pro and iPhone 17 Pro Max, but there will still be many year-over-year changes, with rumored features including a smaller Dynamic Island, 5G via satellite, and more.
Massive health insurance upheaval leaves New Yorkers with big new bills
Policy changes forced 450,000 people off the low-cost Essential Plan on July 1.
Final Fantasy Resonance Trailer Imagines A World Without Final Fantasy 7 Changing Everything
Imagine a world where Square Enix played it safe with Final Fantasy 7.
Bay City-area semiconductor plant once touted by Biden to shutter
President Joe Biden visited the semiconductor wafer manufacturer near Bay City in 2022 and hailed it as a "game changer" for domestic chip production.
Sporting KC acquires two 2026 international roster slots
Sporting Kansas City announced today that the club has acquired two 2026 international roster slots in a pair of trades with the Philadelphia Union and the Seattle Sounders. Sporting has acquired an international roster slot and the 22nd spot in the Waiver Order from Philadelphia in exchange for the first
The Bull Case For Tencent Music Entertainment Group (TME) Could Change Following Its TMElive Awards Push Into Hong Kong
CTF Life recently announced a long-term partnership with Tencent Music Entertainment Group to bring the TMElive International Music Awards to Hong Kong for the first time in August 2026, with CTF Life as exclusive title sponsor. This collaboration positions Tencent Music to extend its brand beyond online platforms into a large-scale international live festival, deepening its presence in the fan-driven music ecosystem. We’ll now examine how hosting the TMElive International Music Awards in...
5 Big Changes Reportedly Coming To The iPad Lineup By 2027
Apple's iPad line-up is slated to get some major changes with its 2027 releases, including upgraded accessories and the long-awaited Siri AI.
US manufacturing output unchanged in June, but accelerates in second quarter
U.S. factory production was unchanged in June, but grew at a robust pace in the second quarter, driven by an artificial intelligence build-up and businesses accumulating inventory in anticipation of shortages and higher prices due to the war in the Middle East.
The best CarPlay upgrades to try in the iOS 27 public beta
The iOS 27 public beta is now available, and it includes several CarPlay changes worth checking out. Here’s what you...
Appeals for prominent Indian activist to end hunger strike as he risks health to demand education reforms
Well-known activist Sonam Wangchuk hasn't eaten in nearly 3 weeks, endangering his health as he demands changes to India's exam system.
AMC Entertainment Holdings (AMC) Is Up 8.9% After Debt Refinancing And Note Conversion - Has The Bull Case Changed?
AMC Entertainment Holdings has advanced its balance-sheet overhaul by refinancing US$400 million of high-interest debt on better terms and converting about US$155.8 million of senior secured exchangeable notes into equity, while also preparing to report its second-quarter 2026 results on July 20. These moves reduce long-term obligations and loosen restrictive covenants, potentially giving AMC more room to support core theater operations and future refinancing efforts ahead of its upcoming...
Mind science may unlock effective leadership
Something is changing about what it means to lead.
National Academies: Climate attribution is maturing, but still has limits
New report says our ability to tie weather damages to climate change is improving.
AMC Entertainment Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Acc
AMC (NYSE: AMC) to release Q2 earnings on July 20 before opening bell. Expected loss of 6c/share and revenue of $1.46B.
ACA and Medicaid changes hang over health earnings
Insurers and health systems already are feeling the effects of significant enrollment drops and changes in who's paying for care.
Every Christopher Nolan movie ranked, including ‘The Odyssey’
Nolan’s 13 films changed the ambitions of the blockbuster. Here’s how "The Odyssey" and all the rest stack up.
Doctors fear Medicaid changes will force them to decide who’s too sick to work
Physicians say new Medicaid rules starting Jan. 1 regarding employment will undermine their relationships with patients.
ThaiBev Is Said to Consider Selling KFC Franchise Business
Thai Beverage Pcl, the maker of Chang beer and SangSom rum, is considering a sale of its KFC restaurant franchise business in Thailand, according to people familiar with the matter.
Did ancient Egyptian princesses use weapons? Controversial study claims they hunted or trained with the military, but not all experts agree.
Nearly 4,000-year-old skeletal remains show that several royal women repeatedly used their upper-body muscles. Researchers link those changes to archery and weapon training, but outside experts urge caution.
Priyanka Chopra says Nick Jonas needed proof it was actually her during first text exchange
While appearing on the ‘Hey Jonas’ podcast, Priyanka Chopra shared that Nick Jonas wanted proof that she was who she said she was while initially texting him.
Champions to advance public health - Center Times Plus, UT Southwestern
The Peter O’Donnell Jr. School of Public Health recognized outstanding individuals whose work is making a meaningful difference. Honored for their achievements in service, scholarship, innovation, and leadership, these changemakers represent the next generation. Learn more about their goals, passions, and visions for the future of public health.
Scientists tested 39 sweeteners and found unexpected gut effects
A large laboratory study found that many commonly used sweeteners can directly change the growth of gut bacteria. Researchers identified more than 100 cases in which sweeteners behaved differently when combined with medications, caffeine, or flavorings. The combination of isosteviol and the antidepressant duloxetine was especially disruptive, reducing beneficial bacteria and overall microbial diversity.
Political representatives found more polarized on climate change than their constituents
It is no surprise that there are political disagreements over climate protection measures. Parties differ in their assessments of which measures they consider effective, fair or economically acceptable. ...
ArcBest announces organizational changes, 2% workforce reduction
Fort Smith-based ArcBest on Thursday (July 16) announced organizational changes and a new brand structure, with an estimated 280 job cuts resulting from the changes. The company did not disclose...
It's official: EU will force Google to share search data and open up AI on Android
Google says these changes could endanger user privacy and security.
Stanley Cup, World Cup lead to big betting in June, last month before tax, distribution changes
How Student Champions Are Changing Conversations About Suicide and Mental Health
University of Miami researchers partner with high school students to develop peer-led suicide awareness programs.
Politics: What Changing Political Tides Mean For Gaza
Israel is expanding its command of Gaza and now controls almost 70 percent of the tiny enclave that’s home to more than two million people.More than 1,100 Palestinians have been killed since the ceasefire between Israel and Hamas nearly a year ago. Some 73,000 Palestinians have been killed in total since Israel’s military offensive began after Hamas fighters killed 1,200 people on Oct. 7, 2023. Meanwhile, dozens of aid groups have been barred from operating in Gaza.Almost every Gazan is dealing with hunger, with 77 percent of the population facing high levels of food insecurity, according to the World Food Programme.So, what do these shifting lines of control mean for those in need? And how could changing political tides affect the situation?Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
Congress debates: Should daylight saving or standard time be year-round?
Legislation to make daylight saving time year-round passed the U.S. House this week and is now being considered by the Senate. It comes as many Americans disapprove of how the U.S. manages time.
National Academies Report Backs Climate Change Attribution Science
Attribution science is advancing quickly, researchers said. That could support lawsuits seeking damages for severe events worsened by global warming.
Medicare wants to shake up how it pays for clinical AI
In this edition of STAT Health Tech: Centers for Medicare and Medicaid Services proposes major changes to RPM, clinical AI payment models.
NC State Health Plan overhauls insurer, hospital network and premiums. What to know
State employees will see numerous changes.
How Sport Will Change on a Hotter Planet (We Might Have to Move the Olympics) | Climate & Energy for July 16
Plus: The Strait of Hormuz isn’t going back to normal, and the Chinese EV wave threatens Volkswagen’s vast, well-paid workforce
What changing political tides mean for Gaza
More than 1,100 Palestinians have been killed since the ceasefire between Israel and Hamas nearly a year ago.
A clear message – wildfire smoke plus summer heat is double trouble for heart health
DALLAS, July 16, 2026 — Parts of the U.S. are experiencing smoke from Canadian wildfires drifting down and summer temperatures pushing up, creating a potentially deadly situation, according to the American Heart Association, a relentless force changing...
Utah Modernizes Public Health Data Reporting—a Win for Government and Residents
On June 1, Utah became one of the first states in the U.S. to require acute care hospitals to use electronic case reporting (eCR)—the automated, real-time exchange of information—to notify public health agencies about instances of reportable communicable diseases.
San Util Design gears up for move to Washington, announces business model changes
This article ran in the June issue of Bicycle Retailer & Industry NewsWINTER PARK, Colo. — San Util Design, a company that handcrafts bags and gear for backcountry travel, bikepacking, and mountain biking, is moving operations from Colorado to Bellingham, Washington. The move, which was planned for the end of June, coincides with changes to San Util’s business model.
Alabama state employees could see health benefit changes amid 'difficult choices'
Changes could be presented to the State Employees Insurance Board (SEIB) in September, CEO Stephanie Azar said.
Samsung's next premium tablet just leaked in images, confirming our worst fears
Leaked renders of the Galaxy Tab S12 Ultra point to an unchanged design for Samsung's flagship tablet, including the notch nobody asked for.
Browns QB Shedeur Sanders Exchanges Words With Myles Garrett
Cleveland Browns quarterback Shedeur Sanders ran into his former teammate Myles Garrett at the ESPYS. The post Browns QB Shedeur Sanders Exchanges Words With Myles Garrett appeared first on HEAVY.
After losing to Johnny Eblen, Impa Kasanganay says everything changed
Impa Kasanganay gets another chance to settle unfinished business with Johnny Eblen when the two former champions meet again in the main event of PFL Austin for the interim middleweight title.
ECU Health hospitals now out of network with UnitedHealthcare
Multiple patients said they either switched insurance providers to keep their doctors at ECU Health or, unable to make that change, must now travel to other areas for treatment.
ZeniMax Online Studios leadership to exit as part of Xbox cuts
There are major changes happening atop Maryland-based ZeniMax Online Studios, developer of the Elder Scrolls Online, Game File has learned. Joe Burba, a 14-year veteran of the studio who was appointed to run it last July, is departing, along with ESO executive producer Susan Kath, studio game director Rich Lambert and production director Ala Diaz. Their roles were listed among hundreds of others cut last week from the Maryland offices of ZeniMax, in a WARN letter sent to the state by ZeniMax and obtained today by Game File. Tonight, BUrbam Kath, Lambert and Diaz notified Zenimax Online Studios workers of plans to “transition” to a new leadership team consisting of promoted ZOS veterans. That transition will occur “over the next few months,” they told workers, according to a copy of the notice reviewed by Game File. “We will remain in place during the transition period to help ensure a smooth handoff.” Last week, Microsoft laid off of 1,600 workers across its vast gaming teams in locations around the U.S. and abroad. Just who has been impacted and how hard various studios have been hit has been emerging day by day. Game File reported last week that Microsoft/ZeniMax notified officials in Maryland that 379 gaming jobs were being cut across the state. They tallied cuts in two locations: one for ZeniMax Media Inc. (covering Elder Scrolls/Starfield/Fallout-maker Bethesda Game Studios and central Bethesda game publishing) and one for ZeniMax Online Studios (Elder Scrolls Online). More than 200 jobs were cut at the latter. Last week’s totals did not reveal job titles, nor did Microsoft announce any leadership changes in the ZeniMax group. That has now happened. Earlier today, Game File obtained from Maryland officials a breakdown of the 379 impacted roles, which, extraordinarily, included “studio head.” Microsoft later confirmed to Game File which studio head that referred to: ZeniMax Online Studios’. Microsoft has since has notified studio employees and internally announced new leadership. ZOS will now be run by Josh Henderson, previously head of business operations at the studio, and Nick Giacomini, who was promoted to game director for ESO last August. Game File is a reader-supported publication. To receive new posts and support my journalism, please consider becoming a free or paid subscriber. Subscribe Last week’s news of 200+ cuts at ZeniMax Online Studios generated public sympathy for those workers and questions about the long-term viability of the Elder Scrolls Online. ESO is a massively multiplayer online game that inherently persists on the strength of new content being developed for it. Earlier today, fans and workers in Maryland protested the cuts at the ZeniMax teams in a rally organized by the Communication Workers of America, the union that represents many of the impacted employees. Regarding concerns around the game, a community manager stated on Saturday: “The plan is still to deliver great content, and we will hopefully have an update soon.” In their note to the studio today, the outgoing leaders of ZeniMax Online Studios predicted “growth” for the game: We have tremendous confidence in Josh and Nick, the future of this studio, and the continued growth of ESO. With exciting experiences still ahead for our players as we wrap up work for Update 51 and beyond, we believe that your passion, creativity, and commitment to each other and the community will continue serving as the heartbeat of ESO. The list of jobs cut in the ZeniMax WARN notice in Maryland includes several very senior roles, including: Studio Head Studio Operations Director Studio Game Director Studio Audio Director Studio Art Manager Vice President and Controller VP, Global Sales & Business Development While some of those job descriptions match the exiting ZOS leadership team, Game File couldn’t verify if all were from that studio. The full list of cut roles shared by Maryland officials also covers workers at Bethesda Game Studios and its central publishing office. The following is an excerpt: The list of 379 eliminated ZeniMax jobs in Maryland also includes: four animators three bilingual CS (community service) leads for Chinese, Italian, and Japanese a creative director for the Elder Scrolls Online Player Life Cycle two food service workers seven producers more than 60 senior QA testers. and many others The WARN notice states that almost all of the 379 workers were notified of their layoff on July 6. In fine print, it states: “Approximately 9 employees were notified of the elimination of their position prior to July 6, 2026.” A 2021 mega-merger scaled back Microsoft announced in 2020 that it intended to buy ZeniMax and its network of game studios in 2020, and closed the $7.5 billion deal in March 2021. The purchase, which preceded Microsoft’s acquisition of Activision Blizzard, added several award-winning studios to Microsoft’s portfolio, including Bethesda (Elder Scrolls, Fallout), Arkane (Dishonored), and id Software (Doom). The studios’ output since then included a 2024 Game of the Year contented from MachineGames in the form of Indiana Jones and the Great Circle along with Starfield from Bethesda and the poorly-received Redfall from Arkane Austin. In recent years, a Microsoft repeatedly in cutback mode closed ZeniMax’s Tango Gameworks (which was reconstituted by Krafton) and closed Arkane Austin. The Xbox cuts last week have hit the ZeniMax group hard, with 158 jobs eliminated in Texas, many of them at id, and 379 from the ZeniMax teams in Maryland. Xbox also said last week that it would be entering a consultation process around Arkane Lyon, a process expected to end in a sale, shutdown or other form of divestment. The Lyon team has been working on a game tied to Marvel’s Blade vampire-hunting super-hero.
'I'm disappointed': Midtown neighbors continue to push for Costco to stay open, reject business center plans
Kansas City's Midtown Costco still has its sights set on transitioning to a business center, investing $20 million into improvements needed to change its business model.
CMS proposes Medicare payment cuts in 2027—physician groups pledge to bring about change
Cardiologists received a nice bump in pay in 2026 thanks to a one-time 2.5% conversion factor increase. That expires at the end of the year, however, and physicians will see their payments decrease as a result.
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?
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