Business
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US and China Scale Back Tariffs in 90-Day Truce
America’s 145% tariff on Chinese goods will drop to 30%, while China’s tariff on American-made products will fall from 125% to 10%
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Fox Streaming Service Named Fox One, Aims to Launch Ahead of Football Season
The offering will include both Fox sports and news
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Partner of Convicted Theranos Founder Elizabeth Holmes Raises Millions for New Blood-Testing Company
Billy Evans is pitching Haemanthus, a company that sounds an awful lot like the one Elizabeth Holmes lied about
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Trump Teases Tariff Reduction on China as Markets Climb
The president says lowering the tariff to 80% from 145% makes sense, but that he will leave it up to Treasury Secretary Scott Bessent
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John Landgraf Says Industry Contraction Won’t Kill Hollywood, Encourages Young Execs to ‘Keep Getting Better’
The FX chairman spoke with Disney TV Studios chief Eric Schrier and filmmaker Paris Barclay on a Thursday panel hosted by HRTS
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Hollywood Insiders Say ‘Depression-Era Level’ Production Crisis Makes State Incentives Urgent | Exclusive Video
Producers, labor leaders and lawmakers go inside the process of overhauling the Golden State’s entertainment tax incentive
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WrapPRO
Available to WrapPRO members
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Roku Head of Content David Eilenberg Exits, Returns to ITV America as Creative Director
Eilenberg heads back to the company in a newly created role to oversee development of all unscripted series
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Paramount Narrows First Quarter Streaming Loss 62% to $109 Million
The media giant’s total revenue fell 6% to $7.2 billion, weighed down by a 13% decline in its TV/media business
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WrapPRO
Available to WrapPRO members
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Warner Bros. Discovery Sees ‘No Impact’ From Tariffs: ‘So Far, So Good’
“We do obviously look at sort of external projections and we have a much more diversified portfolio now than we used to have,” CFO Gunnar Wiedenfels says
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Bill Gates to Shutter Foundation 20 Years and $200 Billion From Now
“Weirdly, the incredible success of the last 25 years is not as visible to people as it should be,” the billionaire says of the Gates Foundation
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Neon Picks Oscar Winners, Builds a Library and Looks Primed for a Takeover – Why Hasn’t It Found a Buyer? | Exclusive
Peter Chernin has kicked the tires but passed, Ron Meyer is trying to raise money to buy the studio
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Waxword
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Paramount Ad Chief on Trump’s Tariffs Hitting Upfronts: ‘Everything Continues to Be Redefined and Fluctuating’
John Halley tells TheWrap the media giant is seeing “strong demand” from advertisers across its portfolio
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TV
Available to WrapPRO members
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Warner Bros. Discovery Sees Content Revenue Drop 27% to $1.9 Billion in First Quarter on Lower Box Office, Home Entertainment
Ad revenue tumbled 8% to $1.98 billion as ad-supported subscriber growth was offset by linear TV audience declines
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WrapPRO
Available to WrapPRO members
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Starz CEO Sees Opportunity to Grow Through Bundling, Partnerships With Networks ‘Marooned on the Linear Side’
Jeff Hirsch shares the company’s strategy around content, M&A and more in a conversation with TheWrap following its Nasdaq debut
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WrapPRO
Available to WrapPRO members
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AMC Theatres Lost $202 Million in First Quarter Amid Box Office Slump
CEO Adam Aron called the weak start to 2025 “a distorting anomaly that has already corrected itself”
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Business
Available to WrapPRO members