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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S&P Lowers Warner Bros. Discovery Outlook to Negative, Citing Linear TV Decline and Studio Weakness
In the second quarter of 2024, WBD reported a net loss of $10 billion, compared to a loss of $1.24 billion a year ago
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Channing Dungey to Lead Warner Bros. Discovery US Networks as Kathleen Finch Sets Retirement
Finch will step down at the end of the year, at which point the Warner Bros. Television Group chairman and CEO will take over
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What’s the Path for Warner Bros. Discovery After Dismal Earnings, Sunk Stock Price and Shrinking Options? | Analysis
Warner stock has sunk by 70% since its April 2022 merger with Discovery, and Wall Street is calling on the David Zaslav-led media giant to explore strategic alternatives, such as asset sales
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Business
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Paramount Shares Climb 7% as Edgar Bronfman Jr. Prepares Competing Bid
The former Warner Music Group CEO has held discussions about teaming up with Fortress Investment Group, Roku and “Baby Geniuses” producer Steven Paul, according to the Wall Street Journal
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Disney Taps Former YouTube Exec Adam Smith as Chief Product and Technology Officer
He replaces Aaron LaBerge, who departed the role at the end of June
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How ‘Only Murders in the Building’ Season 3 Built a Broadway Musical
TheWrap Magazine: Production designer Patrick Howe was tasked with creating Death Rattle Dazzle’s set from scratch
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Yvonne Strahovski, Scott Speedman and Chaske Spencer are Not in Control in New ‘Teacup’ Teaser | Video
The Peacock horror thriller from James Wan and Ian McCulloch premieres Oct. 10 with its first two episodes
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How the Major Streamers Stack Up in Subscribers, Revenue
Legacy media giants may be turning the corner on streaming profitability, but they have a long way to go to catch industry leader Netflix
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Streaming
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Fubo Says It Could Be Pushed to Insolvency With Venu Sports Launch as Preliminary Injunction Trial Comes to a Close
Disney, Fox and WBD argue that Fubo’s “precarious financial condition” has nothing to do with Venu and predates the joint venture
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Paramount Television Studios to Shut Down Due to ‘Significant Changes’ in TV Marketplace
The move is part of the media giant’s broader restructuring plans ahead of its merger with David Ellison’s Skydance Media
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Netflix Launches Weekly Live Series Hosted by Celebrity Medium Tyler Henry
“Live From the Other Side” kicks off on Sept. 17, with shows airing Tuesdays at 3 p.m. PT
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Paramount Begins First Round of Layoffs, Shutters Television Studio
The company expects to reduce 15% of its total U.S. workforce, with the majority of the cuts completed by the end of September
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Cartoon Network Website Shuts Down, Visitors Redirected to Max
The move comes after Warner Bros. Discovery recently told subscribers it was sunsetting its Boomerang subscription service
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AMC Networks Swings to Q2 Net Loss of $29.2 Million, US Ad Revenue Falls 11% on Linear TV Challenges
The company recorded $97 million in impairment charges related to the devaluation of its international business and BBC America
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Business
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Paramount Global Q2 Net Loss Balloons to $5.4 Billion as Company Takes $5.98 Billion Impairment Charge on Cable Networks
The media giant’s direct-to-consumer division swung to a profit of $26 million as Paramount+ shed 2.8 million subscribers
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Business
Available to WrapPRO members