Business
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5 Big Trends From Earnings Season: Linear and Box Office Decline, Fox News’ Trump Bump and AI Surges
The latest round of media and tech earnings saw Hollywood take a hit
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WrapPRO
Available to WrapPRO members
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Will Shari Redstone Face Bribery Charges if She Settles Trump’s $20 Billion ‘60 Minutes’ Lawsuit?
Legal experts say it is unlikely that Redstone settling with the president is bribery, but she may still be sued
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AMC Networks Promotes Olivia Dupuis to EVP of Publicity
She will lead consumer publicity and talent relations for the company’s five cable networks, six streaming services and two film distributors
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The Latest on How Streamers Stack Up in Profits and Losses, Subscribers and Revenue
As Netflix ditches quarterly subscriber and user revenue counts, the latest quarter’s results show the race continues to tighten amongst the legacy media players
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WrapPRO
Available to WrapPRO members
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RedBird Capital Acquires Telegraph Media Group for $675 Million
RedBird will be the sole owner of the The Telegraph as it looks to take the British daily newspaper international
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Disney Sues YouTube for Breach of Contract Over Justin Connolly Hiring
Connolly will serve as global head of media and sports for the Alphabet-owned video platform
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Warner Bros. Production President Michele Imperato Stabile to Retire This Year
The longtime executive worked with filmmakers like Ryan Coogler, Tim Burton and Paul Thomas Anderson in her time at the studio
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Lionsgate Sees $22 Million Profit in First Quarter Since Starz Split
Revenue in the quarter rose 22% to $1.1 billion amid a resurgence for films and its library
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WBD Ad Execs Robert Latorre, Stephanie Jackson, Tina Messina and Larry Alecia Join Allen Media Group
The group’s hiring comes a week after the media giant’s upfront presentation to advertisers
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Executive Pay 2024: A 9% Drop in Compensation for Media’s Top Brass
Paramount’s former CEO Bob Bakish topped the list with a 178% increase to $87 million, largely from severance
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Business
Available to WrapPRO members
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OpenAI Teams With iPhone Designer Jony Ive in $6.5 Billion Deal to Create AI Devices
The AI company is buying the startup io to craft hardware, with Ive taking “deep creative and design responsibilities”
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Barry Diller Says He Won’t Work With Law Firms Who ‘Essentially Folded’ to Donald Trump With Settlements
He also expressed sympathy for Shari Redstone as she fends off a $20 billion lawsuit from the president while trying to close the Skydance deal
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California’s Tax Credits May Soon Offer a Lifeline to Halt Animation’s Exodus
It’s not just live-action. The state that gave birth to Mickey Mouse and Bugs Bunny is losing its animation industry to global competition
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Labor
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Comscore Sued for Monopolizing Box Office Data
Atlas claims the measurement company forced it to shutter its CinemaCloudWorks software app and restricted access to essential data
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Warner Bros. Discovery Downgraded to Junk Status Credit Rating by S&P
The global ratings company says it is concerned the entertainment giant will not be able to jumpstart its lagging TV business
