Tech
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Paramount-WBD: Block the Merger Coalition Members Urge UK Culture Secretary to Intervene
The U.K. Competition and Markets Authority will decide whether to clear the $110 billion deal or launch a more in-depth investigation by Aug. 7
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Apple Flexes ‘Widow’s Bay’ Emmy Noms as Tim Cook Bids Farewell in Final Earnings Call
Apple’s services and iPhone sales each saw double-digit growth
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TV
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Amazon Plans to Spend $20 Billion More on AI. Wall Street Loves It
The over 9% gain in the tech giant’s share price stands in contrast to the hit Meta and Alphabet took on their AI investment plans
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Business
Available to WrapPRO members
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SiriusXM Launches $5 Sports Pass as It Expands Subscription Strategy
“Every new channel, artist performance, live event and creator collaboration advances our vision for the future of audio,” CEO Jennifer Witz says
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Investors Are Getting Fed Up With Meta’s Pricey AI Bet
The tech company’s stock price fell as much as 12% during the second quarter earnings call even as revenue topped expectations
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Business
Available to WrapPRO members
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Mark Zuckerberg Is ‘Skeptical’ of Silicon Valley Approach to AI: More Openness, Less Doom
“I think it is literally impossible to have a single benevolent superintelligence that is simultaneously aligned with everyone at once,” the Meta boss says
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Can a Copyright Risk Detector for AI-Created Media Protect Artists and Studios? | Exclusive
Startup CopySight is pushing a credit score-like system that it wants to make an industry standard
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Tech
Available to WrapPRO members
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Ari Emanuel Urges State AGs to Drop Paramount-Warner Bros. Merger Lawsuit
The WME Group executive chairman says ignoring competition in the streaming market and players like Amazon, A24, Lionsgate, Netflix and YouTube “doesn’t remotely reflect reality”
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HBO Max Gets Into Vertical Video With ‘Shorts’ Feed
The streamer is also rolling out an experimental conversational search experience as it looks to make content discovery easier for users
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BuzzFeed to Lay Off 35% of Workforce After Byron Allen Takeover
Staff reduction marks first restructuring under Allen’s ownership of the digital media company
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Reuters Editor Warns AI Poses ‘Existential’ Threat to Journalism
Alessandra Galloni says publishers must be paid for content used to train artificial intelligence models
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Microseries Economy Valued at $150 Billion Outside of China as AI-Generated Shows Take Off
Holywater Tech and Owl & Co. have released their first-ever report, titled The State of Microdrama 2026
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Google Fined $1 Billion by EU Over Search, Android Practices
“The best products should succeed because they’re better, not because they’re owned by the company running the search engine,” one European regulator explains
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Meta Avoids Trial as Teen Drops Social Media Addiction Lawsuit
A Florida teen withdrew his suit against the social media conglomerate days before a high-profile jury trial
