Lucas Manfredi is a TV Business reporter at TheWrap, writing about the programming, executives and trends in the television and streaming industries. Prior to joining the TheWrap in November 2022, he spent four years at Fox Business as a production assistant and a reporter on its digital team. He has a Bachelor of Science in Television-Radio production from Ithaca College and can be reached at lucas.manfredi@thewrap.com.
Experience:
Resides In:
New York, NY
Education:
Lucas received a Bachelor of Science degree in Television-Radio from Ithaca College
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Wall Street Lowers Netflix Stock Price Targets After Weak Outlook Overshadows Q3 Earnings
Shares of the streamer extended their losses another 4% on Wednesday
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Netflix Explains How It Will Fix Its Growth Problem. Wall Street Isn’t Convinced | Analysis
The company discussed improving the quality of its content slate, opened the door to add-on services and talked up the long-term potential of its ad business
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Business
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Netflix Revenue, Advertising Slowdown Rattles Wall Street as Growth Concerns Persist
Shares of the streamer fell over 6% after its weaker-than-expected outlook for the rest of 2026 overshadowed its third-quarter earnings
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Business
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Starz Programming Restored on Verizon Fios
The new carriage deal covers all Starz channels, Starz on Demand and the Starz app
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Legendary Entertainment Makes a Play for Lionsgate
The move comes after the “Dune” producer first eyed a potential acquisition of the Hollywood studio last year
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Jeff Shell to Launch Linear TV-Focused Investment Vehicle
The new venture, which would be backed by RedBird Capital Partners, is eyeing a launch in the first or second quarter of 2027
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British Government ‘Minded to Intervene’ in Sky’s $2.1 Billion ITV Takeover
UK Secretary of Culture, Media and Sport Lisa Nandy has given the companies until Oct. 20 to address her concerns
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From $900 Million to Rock Bottom: How Reese Witherspoon’s Hello Sunshine Cratered After Candle Media’s Big Bet | Analysis
Kevin Mayer and Tom Staggs wagered that the actress and producer’s star power could drive new revenue streams. It didn’t work out
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Deals & M&A
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Fox’s $22 Billion Roku Acquisition Secures Shareholder Approval
The deal remains on track to close in the first half of 2027, subject to regulatory approval
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Skydance Shares Tumble 25% After Issuing 471 Million Stock Warrants to Paramount Investors
If all of the warrants were exercised at the initial $12 exercise price, it would raise $5.65 billion for the company
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Reese Witherspoon, Mediawan Buy Hello Sunshine From Candle Media for Fraction of $900 Million Valuation
The studio, which was acquired by the Blackstone-backed media company in 2021, was reportedly bought back for “low- to mid-eight figures”
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Business
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Spectrum Chief Commercial Officer Adam Ray, Chief Marketing Officer Sharon Peters to Exit
The restructuring comes after parent company Charter Communications closed a $34.5 billion merger with rival Cox in August
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Breaking Down the Top Warner Bros. Execs’ $1.1 Billion Merger Windfall
David Zaslav and his top four top lieutenants bagged a massive stock payout, while 1,500 employees also got large equity windfalls
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Business
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Warner Bros. Discovery International President Gerhard Zeiler to Exit
His departure follows the completion of WBD’s $110 billion merger with Paramount Skydance
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Netflix Planning Layoffs Targeting 5% of Its Workforce | Report
The restructuring, which could be announced as early as next week, comes as the streamer is facing concerns from Wall Street around its future growth
