Business
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Trump Wants to Kill Quarterly Earnings. Here’s What It Would Mean for Hollywood
The change would end a requirement that’s been around since 1970
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WrapPRO
Available to WrapPRO members
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TikTok Will Generate $178 Billion in US Economic Activity After Oracle Deal, White House Says
The algorithm will be “secured, retrained and operated” in the United States outside of ByteDance’s control, Press Secretary Karoline Leavitt adds of the deal, set to be signed this week
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PR Agency MPRM Sues Rival 42West for ‘Hostile’ Raid of Leadership Team, Swiping Key Clients
Mark Pogachefsky’s Los Angeles-based PR agency claims six major clients, including Disney, NBC and National Geographic, jumped ship in “an ambush designed to cripple MPRM overnight”
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A&E Global Media Taps Brian Weiss as Global Content Sales Strategy and Business Development EVP
The former Tegna executive has over 20 years of experience across broadcast, streaming and digital media
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Nexstar, Tegna $6.2 Billion Merger to File Antitrust, FCC Paperwork by End of September
The pending merger comes as Nexstar pulled “Jimmy Kimmel Live!” off its airwaves indefinitely this week
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Lionsgate Lays Off 50 Employees, ‘Repositioning the Company for Growth’
This is in addition to the 8% staff reduction earlier this year
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NBC’s Jimmy Fallon Backs Out of Fast Company Innovation Festival as ABC Pulls Kimmel Indefinitely
A conference spokesperson tells TheWrap the late night host was unable to attend “in light of recent events”
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FX Chairman John Landgraf Says Hollywood Consolidation Is ‘Inevitable’
“I think that’s why you see — between Paramount, Universal and Warner Bros. — a desire to consolidate at least two of those companies,” the executive says
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Interactive Movie Company Kino Industries Reaches Financing Deal With BasePoint Capital
The company will use the capital to expand its choose-your-own-adventure platform CtrlMovie
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MSNBC Separation From NBC to Begin in October
The former will no longer rely on the latter’s correspondents or crews by Oct. 20
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Jerry Quits Ben & Jerry’s, Says Brand Has Been Silenced ‘For Fear of Upsetting Those in Power’
“The real test of values is when times are challenging and you have something to lose,” the ice cream company co-founder says
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The Reset: Media’s New Patriarchy Without All the Shakespeare
As Rupert settles the Murdochs’ succession question, welcome to Hollywood’s latest family affair: the Ellisons
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Business
Available to WrapPRO members
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Paramount Adds Scale AI CFO Dennis Cinelli to Board of Directors
The executive’s appointment expands the media giant’s board to a total of 11 directors
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Movie Theater Chains Spent $1.5 Billion in Renovations Over the Past Year, Cinema United Says
The theater org’s latest report comes one year after eight top chains pledged sweeping improvements to cinemas across North America
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Disney, National Women’s Soccer League Expand Media Rights Deal for Twice as Many Games
ABC and ESPN will carry 16 more regular games each year, increasing the total number of NWSL matches available on the networks from 17 to 33 per season
