Business
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New Paramount’s David Ellison, Jeff Shell Eligible for Minimum Salaries of $3.5 Million, Bonuses of $1.5 Million
Chief operating and strategy officer Andy Gordon is eligible for a minimum salary of $2.8 million and a bonus of $1.2 million, per a new SEC filing
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Sony Sees 23% Increase in Profit From Strong Gaming and TV Performance
Profits from gaming increased 127% year-over-year from sale of non-first-party game software and its TV business
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WrapPRO
Available to WrapPRO members
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Skydance Closes $8 Billion Paramount Merger as David Ellison Touts Transformation Into a ‘Tech-Forward Company’
Shares of the company will begin trading on the Nasdaq under the ticker symbol PSKY
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Warner Bros. Discovery Posts Q2 Revenue of $9.8 Billion, Driven By Streaming, Studios Growth
The media giant added 3.4 million streaming subscribers for a total of 126 million globally
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WrapPRO
Available to WrapPRO members
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Showtime/MTV Entertainment Studios COO Keyes Hill-Edgar to Exit After 25 Years
He marks the division’s latest executive departure amid the $8 billion Skydance merger, following Chris McCarthy, Nina Diaz and Liza Burnett Fefferman
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TelevisaUnivision Wraps 2025 Upfront With Flat Ad Commitment Volume
The company touted “historic” digital volume growth driven by its ViX streaming service
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UTA Adds Gabe Tesoriero and Kate Cafaro to Communications Team
Tesoriero will lead comms for the agency’s global music division while Cafaro will lead comms for the film and television division
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New Paramount Adds Don Granger, Kevin MacLellan, Rebecca Mall to Executive Ranks
Other additions include Matt Thunell, Jane Wiseman, Efrain Miron, Kevin Creighton, Tony Driscoll, Jose Turkienicz and Laura Watson
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Can ESPN Cover the NFL Fairly Now That It’s Part of the Team? | Analysis
The cable titan and pro football have a long and complicated relationship, but formally getting in bed together looks like bad news for ESPN’s journalism
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The Media Front
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New York Times Adds 230,000 Digital Subscribers in 2nd Quarter
CEO Meredith Kopit Levien says after AI agreement with Amazon she’s open to more deals with tech companies
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WrapPRO
Available to WrapPRO members
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Disney+, Hulu and ESPN+ to Stop Reporting Subscribers, Average Revenue Per User
The changes will take effect in the fiscal fourth quarter of 2025 for ESPN+ and the fiscal first quarter of 2026 for Disney+ and Hulu
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ESPN Streaming Service to Launch on Aug. 21 at $29.99 Per Month, Adds WWE
The much-anticipated offering will also have a lower-priced plan for $11.99 per month
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Disney+, Hulu Swing to Combined 3rd Quarter Profit of $346 Million
Disney’+, Hulu and ESPN+ cumulatively have 207.4 million subscribers
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WrapPRO
Available to WrapPRO members
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NFL to Buy 10% Stake in ESPN
Under the deal, ESPN will get NFL Network and other media assets in exchange for the stake
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New Paramount’s Cindy Holland Recruits Sister’s Jane Wiseman and Efrain Miron for DTC Team
The executives will serve in senior positions in the programming and business sides, respectively
