Business
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Making Sense of the Billion-Dollar AI Mega Deals
Gamesmanship between tech companies and FOMO are driving sky-high valuations. Will this bubble burst?
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News
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Skydance Boss David Ellison Met With FCC Chairman in Bid to Finalize Paramount Merger
Ellison and Brendan Carr “discussed Skydance’s commitment to unbiased journalism and its embrace of diverse viewpoints” in a meeting on Tuesday
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Netflix Shares Tumble 5% Despite Strong 2nd Quarter Earnings Report
While Wall Street is overwhelmingly bullish, one analyst argued the streamer’s results and raised guidance were “not good enough for elevated expectations”
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Imax Extends CEO Rich Gelfond’s Contract Through 2028
Under Gelfond’s leadership, Imax has grown from a film format reserved for museums into a box office kingmaker
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Lionsgate Names Erin Westerman President of Motion Picture Group
“Erin’s profound impact on our studio cannot be overstated,” Lionsgate Motion Picture Group chair Adam Fogelson says
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Netflix 2nd Quarter Revenue Climbs 16% to $11.08 Billion
The streamer also posted a 45.6% increase in profit and raised its full-year revenue forecast for 2025
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WrapPRO
Available to WrapPRO members
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Peacock to Hike Monthly Subscription Prices by $3, Test Cheaper Tier With Limited Offerings
The Premium plan grows to $10.99 and Premium Plus to $16.99, while the Select tier is priced at $7.99
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Netflix’s Global Ads Measurement VP Julie DeTraglia Exits as Company Shifts Ad Leadership | Exclusive
The executive’s departure comes as Netflix aims to regionalize the streamer’s ad ranks
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VideoAmp Appoints Peter Liguori as CEO
Liguori has served as executive chairman since 2023 and a member of the company’s board for five years
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Warner Bros. Discovery Asks Court to Dismiss Shareholder Lawsuit Over NBA Rights Loss
The suit accuses the media giant of violating securities laws and misleading investors through “wrongful acts and omissions” about the loss’ impact on the company
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Democrats to Introduce ‘Anti-Corruption’ Legislation for Presidential Library Donations in Wake of Paramount Settlement
The move, led by Elizabeth Warren, comes after Disney and Paramount agreed to make donations to a future presidential library
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Apple’s Matt Cherniss Teases ‘Very Bright’ Future for ‘Severance,’ ‘The Studio’ and ‘Shrinking’ After Record Emmy Noms
The programming executive also says Vince Gilligan’s upcoming untitled sci-fi series is “unlike anything on television right now”
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NBCUniversal Closes Record Upfront, Touts Its Highest Ad Sales Volume Ever
The media giant’s ad commitments for the 2025-2026 season were boosted by live programming, the launch of the NBA and digital
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Blumhouse Layoffs: 6 Film and TV Staffers Fired Amid Restructuring
The independent studio employs around 100 people
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News Corp Authorizes New $1 Billion Stock Buyback Program
The new share repurchases follow its existing $1 billion program launched in September 2021, of which $303 million remains outstanding
