Business
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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
Available to WrapPRO members
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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
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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
Available to WrapPRO members
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
Available to WrapPRO members
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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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
Available to WrapPRO members
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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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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
