Here are some of the key takeaways from Bloomberg’s two-day Screentime Conference in Los Angeles:

Meta Platforms Inc. agreed to implement a raft of restrictions for teens on its Facebook and Instagram apps as part of a multibillion-dollar settlement with multiple US states on Wednesday. The landmark agreement requires the company to put new guardrails on Facebook and Instagram, including limits on how much time youths can spend scrolling and preventing them from switching off certain safety settings without parental consent.

Activist investor Anson Funds Management is urging Lionsgate Studio Corp. to put itself up for sale, Semafor reported, adding to pressure on the independent film and TV production company to do a deal.

Orange SA and infrastructure manager Morrison are joining forces to create a data center company in France in an effort to strengthen Europe’s digital sovereignty.

Verizon Communications Inc. reported second-quarter earnings that beat analysts’ estimates and raised its forecast for the year as Chief Executive Officer Dan Schulman is beginning to see results from his aggressive turnaround plan and laid out a strategy to tap into the artificial intelligence infrastructure boom.

MGM Resorts International is engaged in deal talks with Barry Diller’s People Inc. after the entertainment mogul offered to acquire the part of the casino company he doesn’t already own, the Wall Street Journal reported.

Trump Media & Technology Group, TAE Technologies Inc. and Texas Ventures Acquisition III have decided not to continue pursuing a spinoff of some media assets, including Truth Social.

T-Mobile US Inc. is creating two joint ventures in fiber in an effort to bring high-speed internet to more US users.

Sony Pictures Entertainment is restructuring its business to better position the company for growth, leading to job cuts across its film, TV and corporate divisions in the coming months.

AMC Entertainment Holdings Inc. saw a surge in ticket sales and concessions over the long Easter weekend, buoyed by The Super Mario Galaxy Movie.

AMC Entertainment Holdings Inc. saw a surge in ticket sales and concessions over the long Easter weekend, buoyed by The Super Mario Galaxy Movie.

Richard Grenell was replaced as head of the John F. Kennedy Center after a tumultuous year that saw many artists and groups cancel shows at one of the nation’s most prestigious performing arts institutions.

Paramount Skydance Corp. ratcheted up the stakes in the monthslong battle for Warner Bros. Discovery Inc., saying it plans to nominate directors to the board to thwart a merger with Netflix Inc.

Larry Ellison is throwing his personal fortune behind Paramount Skydance Corp.’s bid for Warner Bros. Discovery Inc., aiming to give his son’s company an advantage in a fiercely contested takeover battle with Netflix Inc.

Walt Disney Co. is licensing iconic characters including Mickey Mouse and Cinderella to OpenAI for use on its artificial intelligence video platform and has agreed to take a $1 billion stake in the startup.

Paramount Skydance Corp. and Netflix Inc. are battling for control of Warner Bros. Discovery Inc., one of Hollywood’s most iconic film and entertainment companies. While Warner Bros.’ board has accepted Netflix’s bid, Paramount is taking its offer directly to shareholders. Here’s how the two proposals compare.

Microsoft Corp. shares slid after the Information reported that the software maker has lowered expectations for getting business customers to spend money on the cloud unit’s marketplace for artificial intelligence models and agents.

E.W. Scripps Co. adopted a so-called poison pill to thwart an unsolicited takeover bid by rival TV broadcast company Sinclair Inc.