Business
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Warner Bros. Sets Post-Split Multiyear Contracts With JB Perrette and Bruce Campbell
The executives serve as global streaming and games CEO and chief revenue officer, respectively
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Roku Turns a Profit as Revenue Rises 15% to $1.1 Billion
Platform revenue rose 18% thanks to video advertising and the company’s acquisition of Frndly
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Business
Available to WrapPRO members
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Paramount Licensing Chief Dan Cohen Exits Ahead of Skydance Merger
The executive was also president of the company’s revived acquisition arm Republic Pictures
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UTA, Michael Kassan ‘Amicably End’ Legal Battle Over Exit
The agency initially claimed it fired Kassan for misappropriating company funds, while the MediaLink founder said he resigned
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Fox Corp. Buys One-Third Stake in Penske Entertainment for $125 Million
The deal includes a multiyear extension of Fox’s IndyCar media rights, after the network began airing races earlier this year
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Meta Stock Jumps 13% to All-Time High as Zuckerberg Touts AI Ambitions
The parent company of Facebook and Instagram has seen its share price blitz from $90 to $784 in the last three years
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Comcast Profit Jumps 183% on $9.4 Billion Sale of Hulu Stake
Revenue for the second quarter hit $30.3 billion, up 2% year-over-year
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WrapPRO
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Warner Bros. Motion Picture Group to Cut 10% of Staff Across Marketing, Distribution and Production
Affected staffers also include those in the strategy, operations and theatre ventures departments
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Paramount Needs ‘South Park’ — Despite the Ridicule and $1.5 Billion Price Tag | Analysis
Here’s how Matt Stone and Trey Parker keep securing those massive paydays
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TV
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Lionsgate CEO Jon Feltheimer’s Fiscal 2025 Pay Falls 46% to $9.8 Million
The studio has extended the executive’s contract through its fiscal year 2029
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Amazon Original Movies Physical Production Head Glenn Gainor Exits to Launch Hollywood Ventures Group
The executive will serve as CEO of the production company and consulting firm, which he co-founded with Entertainment Media Ventures head Sandy Climan
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Disney Closes 2025 Upfront With Nearly $4 Billion in Sports Advertising
Streaming accounted for over 40% of the company’s total upfront volume, which was consistent with the prior year
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Versant Taps NBC Nightly News EP Meghan Rafferty as VP of News Standards
Rafferty will focus on making sure MSNBC and CNBC are “fair, accurate and transparent” when she starts her new role in September
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Former NBC Cable President Tom Rogers Joins Versant as Senior Advisor
The CNBC founder will provide ongoing counsel on everything from industry trends to strategy, market positioning and business development
