Business
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Paramount to Begin Phased Return to Office in January
Employees who decide not to return five days a week will be offered a severance package
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Sony Pictures Entertainment CEO Says Media Consolidation ‘Very Unlikely’ in Near-Term
“I don’t think that we’ll go down to three companies the way music did,” Ravi Ahuja tells a Bank of America investor conference
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Sony Pictures CEO Reflects on Giving ‘KPop Demon Hunters’ to Netflix: ‘At the Time, It Made Sense’
The decision to send this year’s biggest hit to streaming was part of an output deal between the two companies
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Roku Media Sets Lisa Holme as Head of Content
The former Warner Bros. Discovery and Hulu executive succeeds David Eilenberg, who exited in May
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Why the Cinerama Dome Is Still Closed 5 Years After the Pandemic
The economic hurdles of a diminished box office, an expensive refurbishment and the surrounding business area have kept the historic theater boarded up — will it ever be resurrected?
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Movies
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Dish to Raise Monthly Prices by $5 Beginning This Month
The pay-TV operator blames the latest hikes on rising costs from large programmers
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Discovery Global Can Sell Warner Bros. 20% Stake Before Split, CFO Says
“It’s gonna be a trade off because we want to get the full value for it,” Gunnar Wiedenfels tells an investor conference Wednesday
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Discovery Global to Launch TNT Sports App After Warner Bros. Split
CEO-elect Gunnar Wiedenfels says Discovery Global has several DTC apps in the works
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Scripps to Sell Fox Affiliate WFTX to Sun Broadcasting for $40 Million
The Southwest Florida deal does not require relief from any of the current rules governing television station ownership
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TKO Doubles Quarterly Cash Dividend
The move comes on the heels of the WWE and UFC’s domestic media rights renewals
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Disney to Pay $10 Million Fine to Settle FTC Complaint Over YouTube Videos That Collected Kids’ Data
The Walt Disney Company must adhere to COPPA rules going forward after collecting children’s personal data on incorrectly labeled, ad-targeted content
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Startup Behind Unauthorized AI ‘South Park’ Episodes Raises $50 Million From Amazon to Top Latest Fundings
In addition to venture activity, The Funding File this month tracks August M&A deals in media and entertainment
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Business
Available to WrapPRO members
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NFL Head Says Equity Stake in Paramount and ESPN Won’t Affect Distribution Deals
EVP Hans Schroeder says the league will balance the conflict “at an arm’s length”
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Peacock Premium Launches on Walmart+
Subscribers can switch between the streamer’s ad-supported plan and Paramount+ Essential every 90 days starting Sept. 15
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Fifth Season Adds ITV Studios’ David Wilcox as Europe, Middle East and Africa Sales SVP
The executive will lead sales for the studio’s content slate in the region and identify new opportunities across linear, digital and co-productions
