Tech
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Paramount Shows Streaming Progress as it Tiptoes Around Warner Bros. Merger Lawsuit
Paramount+ has reached nearly 82 million subscribers as the media giant’s streaming profits climbed 44% to $366 million
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Business
Available to WrapPRO members
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Paramount-Warner Bros. Merger Antitrust Trial Set for March 2027
David Ellison will be on the hook for $1.06 billion in ticking fees by the time the 12-day trial starts on March 2
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David Ellison Says Paramount-WBD Lawsuit Is About CNN, Shares His Politics
“I do not aspire to lead these companies to bend their newsrooms to my views,” the executive says in a New York Times op-ed
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Spotify Shares Sink 5% as Weak Outlook Overshadows Premium Subscriber Milestone
The music streaming giant reaches a total of 300 million premium subscribers and 777 million monthly active users as of the end of its second quarter
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Business
Available to WrapPRO members
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Paramount Seeks November Warner Bros. Merger Trial While State AGs, WGA Ask for April
The David Ellison-led media giant wants to start as soon as possible, while the states and labor union say they need more time for discovery
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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
