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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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 outÂ
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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
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David Zaslav Scores $606 Million Payout From Paramount-Warner Bros. Merger
The total includes stock options worth $381.7 million, per an SEC filing
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Paramount Global Distribution and International Head Kevin MacLellan to Exit
The executive’s departure follows the closing of the $110 billion Warner Bros. Discovery merger
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Jay Askinasi to Lead Skydance’s Ad Sales, David Decker to Oversee Content Sales
Ray Hopkins will also serve as president of distribution
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Letterboxd Gets New Suitor in Gigi Pritzker-Led Investor Group | Exclusive
The Madison Wells CEO is the latest to join the fray, following the New York Times, A24 and Sony, among others
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Business
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Kent Belden’s The Only Agency to Acquire The Blogger Agent
The move comes as the two talent agencies look to capture a larger share of the creator economy
