Business
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Neon Picks Oscar Winners, Builds a Library and Looks Primed for a Takeover – Why Hasn’t It Found a Buyer? | Exclusive
Peter Chernin has kicked the tires but passed, Ron Meyer is trying to raise money to buy the studio
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Waxword
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Paramount Ad Chief on Trump’s Tariffs Hitting Upfronts: ‘Everything Continues to Be Redefined and Fluctuating’
John Halley tells TheWrap the media giant is seeing “strong demand” from advertisers across its portfolio
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TV
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Warner Bros. Discovery Sees Content Revenue Drop 27% to $1.9 Billion in First Quarter on Lower Box Office, Home Entertainment
Ad revenue tumbled 8% to $1.98 billion as ad-supported subscriber growth was offset by linear TV audience declines
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WrapPRO
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Starz CEO Sees Opportunity to Grow Through Bundling, Partnerships With Networks ‘Marooned on the Linear Side’
Jeff Hirsch shares the company’s strategy around content, M&A and more in a conversation with TheWrap following its Nasdaq debut
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WrapPRO
Available to WrapPRO members
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AMC Theatres Lost $202 Million in First Quarter Amid Box Office Slump
CEO Adam Aron called the weak start to 2025 “a distorting anomaly that has already corrected itself”
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Business
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Studio Execs Say California Needs to Be More Competitive to Bring Production Back to Hollywood
“It’s almost more a California issue, honestly, than a U.S. issue,” Sony Pictures CEO Ravi Ahuja says at the Milken Institute Global Conference
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NBCUniversal to Sell Ad Inventory for Comcast Cable Spinoff Versant in Next 2 Upfront Cycles
Mark Marshall oversees Versant’s sales strategy and revenue, while Tom Winiarski leads ad sales and monetization
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The Instagram Factor: Getting Movie Stars to Promote on Their Social Media Is in the Fine Print
Some like Scarlett Johansson refuse to use social media to promote films, but studios are leaning harder on leveraging personal accounts for publicity
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Movies
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Disney Plans to Open New Theme Park in Abu Dhabi
The waterfront resort will be located on Yas Island
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Netflix Unveils First Look at New Homepage Design
The streamer is also launching updated mobile features, including a video feed and generative AI-powered search in collaboration with OpenAI
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Disney+, Hulu Combined Operating Profit Surges to $336 Million
When combined with ESPN+, the three streaming services grew to nearly 205 million subscribers in the last quarter
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Business
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Comcast’s Spinoff Will Be Called Versant
“It speaks to our adaptability and embraces the opportunity to shape a new, modern media company,” CEO Mark Lazarus told staffers Tuesday
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OpenAI Ditches For-Profit Ambitions After Elon Musk Rips Sam Altman Over Plan
Altman says making the ChatGPT company into a public benefit corporation will help it make “rapid, safe progress”
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Gavin Newsom Asks Trump to Create $7.5 Billion Federal Tax Credit for Hollywood Instead of Tariffs
“Building on our successful state program, we’re eager to partner with the Trump administration,” the California governor says
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Reliant Talent Expands With Four New Agents Focused on Comedy, Talent and Unscripted
Scott Simpson has been hired as Head of Talent, Jonathan Perry and Katie Edwards will lead West Coast Talent and Melanie Moreau will head up Unscripted
