Business
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Disney Sues YouTube for Breach of Contract Over Justin Connolly Hiring
Connolly will serve as global head of media and sports for the Alphabet-owned video platform
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Warner Bros. Production President Michele Imperato Stabile to Retire This Year
The longtime executive worked with filmmakers like Ryan Coogler, Tim Burton and Paul Thomas Anderson in her time at the studio
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Lionsgate Sees $22 Million Profit in First Quarter Since Starz Split
Revenue in the quarter rose 22% to $1.1 billion amid a resurgence for films and its library
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WBD Ad Execs Robert Latorre, Stephanie Jackson, Tina Messina and Larry Alecia Join Allen Media Group
The group’s hiring comes a week after the media giant’s upfront presentation to advertisers
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Executive Pay 2024: A 9% Drop in Compensation for Media’s Top Brass
Paramount’s former CEO Bob Bakish topped the list with a 178% increase to $87 million, largely from severance
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Business
Available to WrapPRO members
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OpenAI Teams With iPhone Designer Jony Ive in $6.5 Billion Deal to Create AI Devices
The AI company is buying the startup io to craft hardware, with Ive taking “deep creative and design responsibilities”
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Barry Diller Says He Won’t Work With Law Firms Who ‘Essentially Folded’ to Donald Trump With Settlements
He also expressed sympathy for Shari Redstone as she fends off a $20 billion lawsuit from the president while trying to close the Skydance deal
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California’s Tax Credits May Soon Offer a Lifeline to Halt Animation’s Exodus
It’s not just live-action. The state that gave birth to Mickey Mouse and Bugs Bunny is losing its animation industry to global competition
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Labor
Available to WrapPRO members
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Comscore Sued for Monopolizing Box Office Data
Atlas claims the measurement company forced it to shutter its CinemaCloudWorks software app and restricted access to essential data
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Warner Bros. Discovery Downgraded to Junk Status Credit Rating by S&P
The global ratings company says it is concerned the entertainment giant will not be able to jumpstart its lagging TV business
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FCC Approves $20 Billion Verizon-Frontier Communications Merger
Commission chair Brendan Carr says Verizon committed to end its DEI practices as part of the deal
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Charter and Cox to Merge in $34.5 Billion Deal, Creating Cable and Wi-Fi Giant
One of the biggest deals of the year in a tepid M&A market so far, the proposed tie-up will face review under President Trump’s regulators that will be closely watched by other companies
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YouTube Shorts Revenue on Par With Regular Videos, CEO Neal Mohan Says
The TikTok-style short-form video platform saw a 20% increase in viewership in the first quarter of 2025
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Why ‘Highlander’ Left Lionsgate for Amazon as the Studio Bets Big on ’80s IP
New “Masters of the Universe” and “Voltron” are also in the works as Prime Video’s “Dad TV” gains traction with Gen Xers hungry for 40-year-old franchises
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Movies
Available to WrapPRO members
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HBO Max Enters Hall of Fame of Corporate Brand Reversals Alongside Netflix, Coca-Cola
Wednesday’s name change adds Warner Bros. Discovery to an infamous list of prominent companies that have made well-publicized pivots
