Business
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Earnings Analysis: Streamers Hit Profit, but Competition for Subs Is Fierce
Netflix continues to dominate on subscribers and average revenue per user, while nearly all of the major streamers reported profits in their latest quarter
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WrapPRO
Available to WrapPRO members
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Fox Entertainment Global Names Liz Tang VP of UK Content and Acquisitions
The executive heads to Fox after five years with Fifth Season/Endeavor Content
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Tegna Stock Surges Over 28% on Nexstar Acquisition Talks
The former owns and operates 64 television stations in 51 markets
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ESPN, Fox One to Launch $39.99 Per Month Bundle in October
The standalone streaming services will both launch on Aug. 21
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AMC Theatres Narrows 2nd Quarter Loss to $4.7 Million as Revenue Jumps 36% on ‘Sinners,’ ‘F1’ Success
Moviegoers spent a record $22.26 per visit as attendance climbed 26% on hits like “F1” and “Mission: Impossible — The Final Reckoning”
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Business
Available to WrapPRO members
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Why Creators Are Building Hollywood-Style Studios to Make TV-Ready Content
TikTok and YouTube stars like Michelle Khare and Brandon Stewart are investing in production
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WrapPRO
Available to WrapPRO members
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UFC Moves to Paramount+ and Ends PPV in 7-Year, $7.7 Billion Deal
Starting in 2026, Paramount+ will stream all 13 marquee numbered events and 30 Fight Nights, with major matches simulcast on CBS
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Range Temporarily Off the Hook for Stealing CAA’s Trade Secrets but Still Might Be Operating as an Agency, Judge Says
The Creative Artists Agency’s claims of tortious interference, stealing trade secrets and illegally accessing confidential information have been dismissed for now, though they can refile
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Brad Pitt, ‘Star Trek’ and a Possible Michael Bay Return: To-Do List for New Paramount’s Film Slate
Only five films are on the studio’s 2026 release slate, but insiders say more are on the way
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Movies
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The Plan for New Paramount: 7 Things We Learned From Talking to David Ellison and His Exec Team
From meetings with Taylor Sheridan to the fate of MTV and “The Daily Show,” Hollywood’s latest players are hitting the ground running
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WrapPRO
Available to WrapPRO members
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Gray Media to Acquire Allen Media Group Stations in 10 Markets for $171 Million
The deal is expected to close in the fourth quarter of 2025, pending regulatory approval
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New Paramount President Jeff Shell Says Real Estate Assets Are ‘On the Table’ for Possible Sale, but Not Hollywood Lot
The executive also told TheWrap a spinoff of its cable network portfolio “doesn’t make sense for us”
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Lionsgate Hit With $109 Million Quarterly Net Loss As Box Office Sags
Films like “Ballerina” and “Hurry Up Tomorrow” failed to stand out with moviegoers in the early summer
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David Ellison Talks CBS News Interference, Late Night and M&A as New Paramount Charts Post-Merger Future
“I do not want to politicize our company in any way, shape or form,” the executive says in his first meeting with press atop the media giant
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WrapPRO
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Skybound Appoints Kristina Cole as SVP, Global Comms & Corporate Brand
“Kristina brings exactly the kind of brand leadership and cultural instinct we value at Skybound,” David Alpert, CEO of Skybound Entertainment, says
