Business
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House Democrats Accuse Paramount of ‘Stonewalling Congressional Oversight’ Amid Trump-CBS Settlement, Skydance Merger Investigation
Jamie Raskin and Frank Pallone Jr. say the media giant provided an “inadequate and incomplete response” that didn’t address their initial request and raised additional questions
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Goldman Sachs Takes Majority Stake in Excel Sports Management in Nearly $1 Billion Deal
The agency represents sports talent like Caitlin Clark, Derek Jeter and Tiger Woods and works with properties such as Formula 1, the NBA, EPL, NFL, MLB, MLS and NCAA
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Kevin Reilly, Former Fox and WarnerMedia Exec, to Lead AI Startup Kartel
The creative engineering company is developing AI systems for Fortune 500 brands, agencies and studios
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Versant Exploring Sale of Youth Sports Management Platform SportsEngine
Launched in 2008, SportsEngine offers software solutions to more than 16 million athletes, 1.2 million teams and 45,000 organizations
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Paramount Stock Jumps Over 9% After First Earnings Post-Skydance Deal
Despite the media giant’s “promising start,” analysts warned its turnaround would take a “significant amount of time”
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The Reset: A Teetering Debt Crisis?
The financial metric that doesn’t get talked about as much, but why it matters.
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Business
Available to WrapPRO members
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Disney Could Lose $60 Million in Revenue From YouTube TV Carriage Dispute
Morgan Stanley’s estimate, which is based on the standoff lasting for 14 days, would translate to about $4.3 million lost each day
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FCC Chairman Urges Disney, YouTube TV to End Carriage Dispute: ‘Get It Done!’
“People should have the right to watch the programming they paid for — including football,” Brendan Carr says
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Prime Video Ad Tier Reaches Over 315 Million Monthly Viewers Globally
The Amazon-owned streamer offers its ad-supported tier across 16 countries
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Is Paramount Buying WBD? 5 Takeaways From the First Post-Merger Earnings
Executives touched on increasing spending across the company and why UFC represents a “unicorn” for Paramount+
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Sony Posts Q2 Profit of $2 Billion as ‘Demon Slayer: Infinity Castle’ Soared Over the Summer
Sony Pictures, however, saw a 2% decline in revenue thanks to tough comparisons from last year’s “It Ends With Us”
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Business
Available to WrapPRO members
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Paramount Says 600 Employees Took Voluntary Severance Over Return-to-Office Push
The five-day-a-week mandate applied to employees in New York City and Los Angeles that were vice presidents or below
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Paramount+ Plans Price Increase in January as It Doubles Down on Content
The company cites investments in the UFC and increasing film slate as primary reasons for the price hike
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Paramount CEO: There Are No ‘Must-Have’ Acquisitions for Us Amid WBD Sale Talks
David Ellison says the company has the ability to “build to get to where we want to go”
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Paramount Posts Q3 Loss of $257 Million in First Earnings Post-Skydance Deal
The media giant’s revenue was flat at $6.7 billion, weighed down by declines in TV advertising and distribution
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