Business
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With De Luca and Abdy Gone, Where Will Hollywood’s Next Big Swings Come From?
Some worked, some didn’t, but the Warner Bros. chiefs never wavered from taking big risks. That might not happen often going forward
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Movies
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Bajaria Out, Rice In: Netflix’s Content Chief Change Signals Back-to-Basics Shift for Film and TV | Analysis
With sagging engagement and Skydance mounting its challenge, Netflix is turning to the former head of Fox Searchlight to right the ship
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Movies
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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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Netflix Chief Content Officer Bela Bajaria Out, to be Replaced by Peter Rice
The exec change comes as Netflix has laid off 1,000 employees and is planning major structural changes
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CAA, WME and UTA Team With Ron Howard and Jason Blum to Push for Indie Productions
The American Entertainment Alliance wants legislation to make U.S. entertainment companies put half of their content budgets towards independent projects
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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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Are Netflix’s Layoffs Enough to Quiet Wall Street Concerns? | Analysis
The cuts help tighten up the streamer’s cost structure, but engagement and growth remain concerns for investors
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Business
Available to WrapPRO members
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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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Netflix Layoffs: TV Execs Lisa Lang McMullen, Andrew McQuinn and Carolina Garcia Among Cuts
The streaming giant cuts 1,000 jobs amid lagging engagement
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Netflix Lays Off 1,000 Employees as Company Cuts 6% of Staff
The largest cuts since 2022 come as the streaming giant has struggled with slowed growth
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CNN and CBS News Will Stay Separate Under Skydance. But How Much Can They Share?
Bureaus, crews and production could offer savings — but the biggest efficiencies risk changing the journalism
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TV
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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
Available to WrapPRO members