Lucas Shaw is a Reporter and Team Leader for Bloomberg News in the Los Angeles Bureau. He covers a range of topics related to the music business, celebrities, and entertainment news, with a focus on the intersection of arts, media, and technology. Lucas has been featured in numerous publications, including Yahoo Finance, Fortune, and The Boston Globe.
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Lucas Shaw’s coverage suggests he responds best to pitches tied to major business shifts in entertainment, especially where money, ownership, and platform strategy intersect. He also seems likely to engage with stories that have clear industry implications, such as creator deals, media-company moves, and high-stakes disputes.
He appears to favor sources who can speak directly to breaking developments or quantify what a deal, valuation, or strategic move means for the market. Pitches with timely angles, fresh numbers, or behind-the-scenes knowledge of talent, labels, or streaming/platform negotiations may land well.
Given his regional focus on the United States, keep pitches centered on U.S. companies, creators, and industry developments.
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Ellison has to pay down billions in debt while also investing in a streaming build-out
Netflix Inc. reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth, a projection that may amplify concerns about the performance of the world’s leading online TV network.
Projection amplifies concerns about performance of streaming service
By: Randall Williams, Lucas Shaw, Sridhar Natarajan
Mark Walter is looking to sell the WNBA’s Los Angeles Sparks, taking another step in the dismantling of his sports-team empire, according to people familiar with the matter.
By: Randall Williams, Sridhar Natarajan, Lucas Shaw
Dodgers owner Mark Walter is seeking to sell the WNBA's Sparks for a record valuation amid ongoing investigations into his companies.
Netflix Inc. users are watching the streaming service less than they once did, the latest sign of engagement woes for the world’s most valuable entertainment company, according to people familiar with the matter.
Netflix Inc. has seen a decline in user engagement, with customers opening the app less frequently than before. Although total watch time increased due to new subscribers, individual viewing has decreased significantly during this period. The company is facing challenges such as increased competition and fewer hit productions impacting viewer attraction. In response to these issues, Netflix has made leadership changes to strengthen its content strategy and overall business model.
A programming slump and talent backlash prompted a major regime change at Netflix
When Netflix Inc. Co-Chief Executive Officer Ted Sarandos invited Bela Bajaria to his office around 4:30 p.m. on Wednesday Oct. 14, she didn’t think much of it. These kind of casual drop-ins were common for the two executives, who worked in adjoining offices on the 11th floor of Netflix’s Hollywood headquarters.
By: Michelle F. Davis, Lucas Shaw
Universal Music Group, the world’s largest record company, has discussed going private with a few prominent Wall Street firms, according to people familiar with the matter.
