Business
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Imax Revenue Jumps 10% to $87 Million in First Quarter on Record Success of ‘Ne Zha 2’
Fifty-five percent of the premium format’s $298 million box office gross came from the record-smashing Chinese animated film
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Business
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Lionsgate Shareholders Approve Starz Split
Investors also approved its board director candidates at the company’s annual meeting on Wednesday
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Netflix’s Ted Sarandos Says Entertainment Industry Gets ‘Thrown Under the Bus’ in Trade Deals
The streamer contributed $125 billion to the U.S. economy between 2020 and 2024, creating 140,000 production jobs
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Warner’s Mike De Luca and Pam Abdy Are Safe (for Now) After ‘Sinners’ and ‘Minecraft’ Success
More risky gambles lie ahead, but Warner Bros.’ film chiefs have built a franchise hit and a new studio relationship with Ryan Coogler
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Movies
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SpinCo CEO Appoints Matt Hong, Jeff Behnke and Roy Cho in Key Roles for Comcast Spinoff
The executives will oversee the company’s sports and distribution businesses
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’60 Minutes’ EP Bill Owens Quits, Says He Lost Ability to Make Independent Decisions
“The show is too important to the country, it has to continue, just not with me as the Executive Producer,” Owens says in a memo to staff Tuesday
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Paul Feig Sets First-Look TV Deal With Warner Bros. Television Group
The multi-year pact marks the “Freaks and Geeks” creator’s first partnership with the studio
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Lionsgate Taps Brad Haugen to Lead Digital Strategy
The former Westbrook Media executive will oversee original content creation, brand partnerships and other digital storytelling initiatives for the studio
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How Lionsgate’s Spin-Off of Starz Will Unlock M&A Opportunities for Both | Analysis
The move will simplify both companies and make them “more digestible” for strategic buyers, one expert told TheWrap
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Business
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Netflix Revenue Jumps 12.5% to $10.5 Billion in 1st Quarter, Driven by Pricing, Subscriber Growth
The streamer also said that executive chairman Reed Hastings is transitioning to a non-executive role as board chairman
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Business
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Google Holds an Illegal Monopoly on Online Ad Tech, Judge Finds
The ruling comes less than a year after another federal judge found Google has a monopoly over online search
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Trump Media Urges SEC to Investigate ‘Potential Manipulation’ of Stock
The company calls a $105 million short position against it “suspicious” because it was only disclosed in Germany
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CBS Granted Temporary Stay in ‘Jeopardy!,’ ‘Wheel of Fortune’ Legal Feud
The appeals court ruling comes after a judge backed Sony in its efforts to take back distribution rights to the syndicated game shows last week
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Netflix Shares Jump 5% as Streamer Eyes $1 Trillion Market Cap
The company is looking to double its revenue, triple its operating income and grow its subscriber base to around 410 million by the end of 2030, per The Wall Street Journal
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Will Trump’s Tariff Tirade Upend TV Upfronts? | Analysis
The White House’s trade policies are adding a new layer of caution and uncertainty for Madison Avenue ahead of Hollywood’s annual presentations to advertisers in May
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WrapPRO
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