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The film and television giant will turn its cable networks, including CNN and TNT, into one company and its streaming and studios business into another.
Videos on the social media app, filmed at factories in China, urge viewers to buy luxury goods directly, as tariffs drive up prices. Americans are receptive.
The music giant, home to stars like Taylor Swift and Drake, had threatened to withdraw licenses for its tracks to the social media juggernaut if they failed to come to a new agreement.