Business
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Oracle in Talks With Paramount-Skydance for $100 Million Cloud Deal | Report
The agreement would see the media giant’s assets such as CBS and MTV hosted on the software giant’s servers, according to Bloomberg
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Senators Investigate Whether David Ellison Cut Side Deal With Trump After $16 Million Paramount Settlement
Elizabeth Warren, Bernie Sanders and Ron Wyden also question whether Skydance was involved in discussions to cancel “The Late Show With Stephen Colbert”
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Inside Disney+’s Bet on Short-Form News With ABC’s ‘What You Need to Know’
Episodes will be “fast, fluid and fearless,” covering everything from breaking headlines to viral videos in under 10 minutes, ABC News president Almin Karamehmedovic tells TheWrap
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ViX Surpasses 10 Million Subscribers Globally
Despite the streamer’s growth, TelevisaUnivision’s total revenue fell 4% in its second quarter, dragged down by a 14% drop in its Mexico segment
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LA Times to Go Public ‘Over the Next Year,’ Patrick Soon-Shiong Says | Video
The billionaire announced the news during an interview with Jon Stewart on “The Daily Show”
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Fox Closes 2025 Upfront With Double-Digit Volume Growth Across News, Sports, Entertainment
Sports exceeded $2 billion in revenue, while Tubi saw volume grow over 35% year-over-year, an individual familiar with the negotiations tells TheWrap
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Fox Nation Acquires TV Rights to Hulk Hogan’s ‘Real American Freestyle’
The inaugural match-up for the wrestling competition will stream Aug. 30, with a second event set to take place this fall
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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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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
