Business
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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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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
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News Corp Profit Jumps 28%, Driven by Dow Jones, Digital Real Estate Growth
In reporting earnings, CEO Robert Thomson made a plea to “cherish” the value of IP rights against AI
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Available to WrapPRO members
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Hallmark Media Brings Michelle Vicary Back as Head of Programming
The former executive first left the company in 2021 after 22 years
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Mario Gabelli Elects to Take Cash for Paramount Voting Stock Ahead of Skydance Merger Closing
The GAMCO Investors chairman owned 12% of the media giant’s voting stock – making him the second largest Class A shareholder behind Shari Redstone
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Showtime/MTV Entertainment Head Nina Diaz to Exit Paramount After Skydance Merger Closes
The executive is the latest set to depart the media giant, following Paramount co-CEO Chris McCarthy and streaming president Tom Ryan
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Nielsen, WPP Media Strike Audience Measurement Partnership
The deal will cover TV, streaming, audio and cross-platform ad performance via Nielsen ONE and integrate the former’s insights into the latter’s Open Media Studios platform
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Sherry Lansing to Join New Paramount Board as Skydance Unveils 10 Directors
Oracle CEO Safra A. Catz, Barbara Byrne and John L. Thornton are among the new directors
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The Funding File: Media and Entertainment Ventures Raise $500 Million in July
Base Boy Entertainment led fundings with a $110 million infusion followed by Substack with a $100 million round
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Business
Available to WrapPRO members
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Skydance Television Head Matt Thunell to Oversee Paramount TV Studios
The executive will report to Paramount Television chair Dana Goldberg
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Wondery CEO Jen Sargent to Exit as Amazon Restructures Podcasting Studio
Narrative podcasts will move to Audible, while the brand’s creator-led content team will move to a new creator services division
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Paramount Streaming President and CEO Tom Ryan to Exit
He will be replaced by former Netflix executive Cindy Holland, who will serve as chair of the media giant’s direct-to-consumer division
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Spotify to Increase Premium Subscription Prices for Global Markets
Subscribers in markets across South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific will be affected
