Communications Services Flat on Streaming Anxiety — Communications Services Roundup

Communications-services companies were more or less flat amid anxiety about the streaming business.

The entertainment industry in Los Angeles is in a downward spiral that began when the dual strikes by actors and writers ended in 2023, as studios slowed film and television production in the wake of a prepandemic, streaming-related boom.

Netflix shares continued a recent decline amid chatter about a conservative boycott.

A bankruptcy judge in New York said Brazilian carrier Oi S.A. can't withdraw from the chapter 15 proceeding that recognized its Brazilian bankruptcy in the U.S., upending its plans to pursue a chapter 11 case instead.

Write to Rob Curran at rob.curran@dowjones.com