Business
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Film Industry Adds 2,000 Jobs in April
Friday’s Labor Bureau report shows the motion picture and sound recording industries have added 13,400 jobs since last year
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Jeff Bezos to Sell $4.8 Billion in Amazon Stock
The world’s second-richest man plans on selling up to 25 million shares in the company he founded over the next year
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Grading Trump’s Economy at 100 Days: Media Business Experts Say the President Is Failing
Markets: The president’s inconsistent tariffs have been “an unmitigated disaster,” one economist tells TheWrap
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Business
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Cinemark Hit With $39 Million First Quarter Loss After Box Office Slowdown
Revenue fell 6% from last year to $540.7 million
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Box Office
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Roku to Buy Frndly TV in $185 Million Cash Deal
The acquisition of the streaming subscription service is expected to be completed in the second quarter of this year
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Amazon Ad Revenue Rises 18% to $13.9 Billion in First Quarter
Sales for subscription services, which includes Prime Video, grew 9% to $11.72 billion during the quarter
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WrapPRO
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Roku CEO Anthony Wood’s 2024 Pay Rises 37% to $27.7 Million
Roku Media president Charlie Collier’s pay for the year jumped 56% to $10.7 million
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Polygon Hit With Layoffs as Vox Sells Gaming Site to Valnet
Co-founder and editor-in-chief Chris Plante is among a number of Polygon staffers who lost their jobs on Thursday
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AMC Networks CEO Kristin Dolan’s 2024 Pay Falls 40% to $8.7 Million
AMC Studios president Dan McDermott’s pay rose 5.6% to $4.18 million
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Ari Emanuel to Buy Frieze From Endeavor
The holding company first started exploring a sale of the contemporary art exhibition producer back in October
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Tesla Chair Refutes Reports Company Is Looking to Replace Elon Musk
“The CEO of Tesla is Elon Musk and the board is highly confident in his ability to continue executing on the exciting growth plan ahead,” Robyn Denholm says
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Can Netflix Reach the $1 Trillion Club by 2030?
While Netflix executives see a path to the lofty market cap goal, financial analysts told TheWrap the hurdles are high
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WrapPRO
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AMC Theatres CEO Adam Aron Sees 2024 Pay Drop to $11.4 Million
The package marks a 55% decline from $25.4 million in 2023
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NBCUniversal Starts New Round of Layoffs Ahead of SpinCo Separation
The company is letting go of dozens of workers across TV and streaming divisions
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Donald Trump Says Paramount and CBS Have to ‘Pay a Price’ as ‘60 Minutes’ Lawsuit Mediation Begins
The president also threatened legal action against the New York Times for reporting that his suit is “baseless”
