Business
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Warner Bros. Discovery Takes Minority Stake in Dubai’s OSN Streaming Limited
The deal, which will be completed in stages and is subject to regulatory approval, will see WBD pay $57 million for a 30% stake
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StubHub Files for IPO, Reveals 2024 Revenue Jumped 30% to $1.7 Billion
But the secondary market concert ticket vendor reported a loss of $2.8 million compared to the $405 million profit it made in 2023
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FCC Chair Threatens to Block M&A for Companies That Embrace DEI Policies
“If there’s businesses out there that are still promoting invidious forms of DEI discrimination, I really don’t see a path forward,” Brendan Carr says
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Roku Extends Gains, With Stock Up 13% in 5 Days
Guggenheim Securities maintained a buy rating on the stock earlier this week, citing “high conviction” it would see continued improvements in engagement and economics in 2025
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Disney Shareholders Reject Proposal to Cut Ties With Human Rights Campaign
Investors also voted in favor of Disney’s executive compensation and the election of its slate of board directors
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Joel Meyer to Succeed Gary Goodman as Lionsgate Television Worldwide Production Head
Goodman will take an early retirement package just one year after signing a multi-year deal to continue overseeing production of its scripted shows
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CAA’s Tim Beeding, WME’s Doug Singer and Chloe Garcia Join Wasserman Music
The executives will lead the fairs and festivals, global agent and tour marketing teams, respectively
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A Top NBCUniversal Exec Says Spinning Off Cable Networks Is About ‘Getting Back to Simplicity’
Office With a View: Matt Schnaars, president of platform distribution & partnerships, tells TheWrap how SpinCo will enable a much more focused approach
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Office With a View
Available to WrapPRO members
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Apple Loses $1 Billion Annually on Apple TV+ | Report
The streaming service has 45 million subscribers, according to The Information
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David Novak to Lead SpinCo Board of Directors as Chairman
The Yum! Brands co-founder and former CEO will assume the new role upon the spinoff’s completion
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Roku Shares Jump 7% as Analyst Predicts Engagement, Economics to Improve in 2025
Guggenheim Securities’ Michael Morris says the firm has “high conviction” the company will “exit the year at its strongest”
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Omnicom, IPG $13 Billion Merger Wins Shareholder Approval
The two advertising giants’ deal remains on track to close in the second half of 2025, subject to regulatory approval
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Google Strikes $32 Billion Deal for Wiz in Company’s Largest Acquisition Ever
Alphabet’s acquisition of the cloud security startup tops Google’s previous $12.5 billion record purchase
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The Battle for Your Attention: How Streamers Are Pushing to Boost Engagement
Netflix and its rivals are rolling out more live content and introducing product improvements to make discovery easier and more interactive
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TV
Available to WrapPRO members