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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Warner Bros. Discovery CFO Gunnar Wiedenfels Renews Contract Through April 2028
The new deal will kick in on July 11, with the executive set to receive an annual base salary of $2.5 million
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Netflix Updates Mobile App With Vertical Video Feed to Watch and Share Clips
The streamer’s new Clips feature will expand to include podcasts, live programming and themed collections at a later date
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Amazon Braces for AI to ‘Radically Change’ Internal Operations After Laying Off 16,000 Workers
CFO Brian Olsavsky also boasts Prime Video has grown into a “larger and profitable business in its own right”
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Business
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Universal Music Group to Sell Half of Its Spotify Stake, Increase Share Buybacks
The moves come after Bill Ackman’s Pershing Square submitted a $64.4 billion takeover bid for the company
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Ted Cruz Slams FCC’s Action Against ABC Amid Kimmel Controversy: ‘Not Government’s Job to Censor Speech’
The Texas Senator’s comments come as the agency has requested that Disney file for an early license renewal of ABC’s eight local broadcast stations
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Peacock in a Pickle: As the Streamer Lags Behind, What Happens Next? | Analysis
Experts tell TheWrap the NBCUniversal-owned streamer needs to take bigger swings to differentiate itself
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Streaming
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Barry Diller’s IAC to Cut Staff, Rebrand to People Incorporated
The company’s layoffs, technology integration and other cost savings measures will be completed by the first quarter of 2027
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Spotify Shares Sink 13.5% as Weaker Outlook Overshadows Premium Subscriber Growth
The music streaming giant reaches a total of 293 million premium subscribers and 761 million monthly active users
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Paramount Asks FCC to Approve Middle East Investment in Warner Bros. Merger
The media giant’s petition notes that indirect foreign ownership of equity interests in Paramount will total 49.5% and will not result in a transfer of control
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Taylor Swift Files Trademark to Protect Her Voice and Likeness Against AI Misuse
The trademarks cover the phrases “Hey, It’s Taylor Swift” and “Hey, It’s Taylor” and a photo of the singer-songwriter holding a pink guitar
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Paramount Skydance CEO David Ellison’s Pay Hit $63.2 Million in 2025
Former president Jeff Shell received $60.7 million for the period covering Aug. 7 to Dec. 31, while chief strategy and operating officer Andy Gordon received $48.5 million
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Comcast Co-CEO Brian Roberts’ Pay Hit $35.1 Million in 2025
Mike Cavanagh, who serves as president and co-CEO, raked in $71.8 million for the year
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‘Dutton Ranch’ Showrunner Chad Feehan Out Ahead of Series Premiere
The “Yellowstone” spinoff starring Cole Hauser and Kelly Reilly will premiere May 15
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TKO CEO Ari Emanuel’s Pay Hit $67.4 Million in 2025
President and chief operating officer Mark Shapiro’s pay for the year was $42.64 million
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Warner Bros. Shareholders Sign Off on $110 Billion Paramount Deal. Now the Fight Begins | Analysis
The deal must still make its way through regulators in the U.S. and overseas, with state attorneys general weighing legal action
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Business
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