Business
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Netflix 2nd Quarter Revenue Climbs 16% to $11.08 Billion
The streamer also posted a 45.6% increase in profit and raised its full-year revenue forecast for 2025
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Available to WrapPRO members
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Peacock to Hike Monthly Subscription Prices by $3, Test Cheaper Tier With Limited Offerings
The Premium plan grows to $10.99 and Premium Plus to $16.99, while the Select tier is priced at $7.99
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Netflix’s Global Ads Measurement VP Julie DeTraglia Exits as Company Shifts Ad Leadership | Exclusive
The executive’s departure comes as Netflix aims to regionalize the streamer’s ad ranks
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VideoAmp Appoints Peter Liguori as CEO
Liguori has served as executive chairman since 2023 and a member of the company’s board for five years
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Warner Bros. Discovery Asks Court to Dismiss Shareholder Lawsuit Over NBA Rights Loss
The suit accuses the media giant of violating securities laws and misleading investors through “wrongful acts and omissions” about the loss’ impact on the company
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Democrats to Introduce ‘Anti-Corruption’ Legislation for Presidential Library Donations in Wake of Paramount Settlement
The move, led by Elizabeth Warren, comes after Disney and Paramount agreed to make donations to a future presidential library
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Apple’s Matt Cherniss Teases ‘Very Bright’ Future for ‘Severance,’ ‘The Studio’ and ‘Shrinking’ After Record Emmy Noms
The programming executive also says Vince Gilligan’s upcoming untitled sci-fi series is “unlike anything on television right now”
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NBCUniversal Closes Record Upfront, Touts Its Highest Ad Sales Volume Ever
The media giant’s ad commitments for the 2025-2026 season were boosted by live programming, the launch of the NBA and digital
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Blumhouse Layoffs: 6 Film and TV Staffers Fired Amid Restructuring
The independent studio employs around 100 people
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News Corp Authorizes New $1 Billion Stock Buyback Program
The new share repurchases follow its existing $1 billion program launched in September 2021, of which $303 million remains outstanding
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Deltatre Acquires Endeavor Streaming
The OTT provider will combine with Endeavor’s product to create a “digital and streaming platform leader”
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A Crackdown on the $10 Billion Drug Ad Market Could Hammer Linear TV
Proposals to restrict or outright ban pharmaceutical commercials could shift spending away from a linear TV business that’s already struggling with competition from digital
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Available to WrapPRO members
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Stephen Colbert Denounces $16 Million Paramount-Trump Settlement as ‘Big Fat Bribe’ for Skydance Merger | Video
The CBS late night host breaks his silence on his parent company’s deal that was announced during his vacation
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CAA, Comcast Ventures Join $84 Million Funding Round for AI Firm Moonvalley
The fresh capital will help the company accelerate development of Marey, its professional-grade generative videography platform
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Legendary Entertainment Eyes Lionsgate Studios Acquisition
Lionsgate, whose franchises include “The Hunger Games” and “John Wick,” split with Starz earlier this year
