CBS

Investors bearish as Viacom and CBS deal nears close

Data: Money.net; Chart: Andrew Witherspoon/Axios

The merger between Viacom and CBS is expected to close this week, but investors don't seem too excited about it. Shares from both companies have been down since the all-stock deal was formally announced in mid-August.

Why it matters: Analysts have expressed reservations about whether the combined company will be big enough to compete with the likes of Amazon and Netflix.

Disney's Bob Iger tops The Hollywood Reporter's most powerful list

Courtesy The Hollywood Reporter

The Hollywood Reporter placed put Walt Disney Co. chairman and CEO Bob Iger at the top of its list of the entertainment industry's 100 "most powerful execs, makers and stars."

Why he matters, per THR: "Disney+ leads a wave of billion-dollar Netflix competitors that are transforming the entertainment industry and launching a new age of ambition (and anxiety)."