Business
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US Stocks See Worst Sell-Off Since 2020 on Trump Tariff Uncertainty
The Dow fell over 1,600 points, while the Nasdaq dropped more than 1,000 points and the S&P 500 dropped more than 200 points
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Can Newsmax Jumpstart the Sleepy Media IPO Market?
Most media companies lack the passionate following of the “MAGA fanboys” who jumped at the chance to buy Newsmax shares, one analyst tells TheWrap
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WrapPRO
Available to WrapPRO members
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Cinemark CEO Sean Gamble’s 2024 Pay Rises 11.6% to $9.82 Million
Shares of the movie theater chain have climbed 34.5% in the past year, but are down 19.9% year to date and 9.4% in the past six months
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Disney to Leave Fox Studio Lot by End of 2025, Moving Teams to Burbank
The company plans to form a creative hub to bring its production teams together
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Television Critics Association Cancels Summer Press Tour After Networks Bow Out
“The systems that once supported tour, in Hollywood and journalism, have changed,” the organization shares in an email to members
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Trump Trust Would Make $2.2 Billion After Truth Social Files to Sell Shares
The SEC filing comes as conservative media outlet Newsmax has seen its share price surge
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News Corp. Closes $2.1 Billion Foxtel Sale to DAZN Group
The Dow Jones and Wall Street Journal owner will take a 6% stake in the U.K.-based sports streamer as part of the deal
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Casey Wasserman Bucks the M&A Lull, Notching 6 Deals in the Past 19 Months
The CEO of his namesake sports marketing and talent group has quietly rolled up companies in a sports sector that remains red hot and gives his growing empire more strategic edge
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Phoebe Waller-Bridge Re-Ups With Amazon, Shifts to First-Look Deal
The “Fleabag” creator previously signed an overall deal with Prime Video in 2019, which was extended in 2023
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Imax to Expand, Upgrade 80 AMC Theatres With Laser Technology
The renewed partnership marks the largest systems agreement for Imax in the United States since 2018
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NBCUniversal Appoints Javier Pons to Chief Content Officer and Head of Telemundo Studios
The executive joined the company last year as EVP of Telemundo Studios
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Newsmax Stock Surge Continues on Day 2 After IPO, Up Another 50%
The conservative-leaning news network is worth more than the New York Times following another big morning on Wall Street
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‘Puss in Boots: The Last Wish’ Director Joel Crawford Signs With WME | Exclusive
The Oscar nominee also known for outings with “The Croods” and “Trolls” currently has an original feature in development at DreamWorks Animation
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Warner Bros. Has Its Most Exciting Movie Slate in Years, but Will Mike De Luca and Pam Abdy Survive to Deliver It?
The auteur-driven lineup rolls out as Warner Bros.’ studio heads are under scrutiny for costly misfires
Available to WrapPRO members
Movies
Available to WrapPRO members
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Newsmax Shares Surge 500% in IPO Debut
The conservative news outlet has seen its shares race from $10 to more than $60 in its first few hours of trading