Business
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Lionsgate-Starz Separation Greenlit by Supreme Court of British Columbia
The two companies will begin trading separately on the New York Stock Exchange starting Wednesday
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Dave Kim PR Relaunches as Human Public Relations | Exclusive
The new company will continue uplifting “creatives whose unique stories and tireless efforts continue to inspire us and remind us of what it means to be Human,” founder Dave Kim says
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Trump’s Movie Tariff Impact: Netflix Could Face $3 Billion in Additional Costs and 20% Hit to Earnings, Analyst Predicts
Jason Bazinet says the streamer could reduce the impact by raising U.S. prices, cutting back on internationally produced content or shifting content production to America
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Shares of Disney, Netflix, Lionsgate Drop on Trump’s 100% Movie Tariff Proposal
Even with the larger stock market trading down on Monday, the parent companies of film studios are seeing steeper declines
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Warren Buffet to Step Down as Berkshire Hathaway CEO by End of Year
The legendary 94-year-old investor told the company’s board he wants to hand the reins over to to vice chairman Gregory Abel
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Film Industry Adds 2,000 Jobs in April
Friday’s Labor Bureau report shows the motion picture and sound recording industries have added 13,400 jobs since last year
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Jeff Bezos to Sell $4.8 Billion in Amazon Stock
The world’s second-richest man plans on selling up to 25 million shares in the company he founded over the next year
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Grading Trump’s Economy at 100 Days: Media Business Experts Say the President Is Failing
Markets: The president’s inconsistent tariffs have been “an unmitigated disaster,” one economist tells TheWrap
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Business
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Cinemark Hit With $39 Million First Quarter Loss After Box Office Slowdown
Revenue fell 6% from last year to $540.7 million
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Box Office
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Roku to Buy Frndly TV in $185 Million Cash Deal
The acquisition of the streaming subscription service is expected to be completed in the second quarter of this year
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Amazon Ad Revenue Rises 18% to $13.9 Billion in First Quarter
Sales for subscription services, which includes Prime Video, grew 9% to $11.72 billion during the quarter
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WrapPRO
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Roku CEO Anthony Wood’s 2024 Pay Rises 37% to $27.7 Million
Roku Media president Charlie Collier’s pay for the year jumped 56% to $10.7 million
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Polygon Hit With Layoffs as Vox Sells Gaming Site to Valnet
Co-founder and editor-in-chief Chris Plante is among a number of Polygon staffers who lost their jobs on Thursday
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AMC Networks CEO Kristin Dolan’s 2024 Pay Falls 40% to $8.7 Million
AMC Studios president Dan McDermott’s pay rose 5.6% to $4.18 million
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Ari Emanuel to Buy Frieze From Endeavor
The holding company first started exploring a sale of the contemporary art exhibition producer back in October
