Business
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A DirecTV-Dish Merger Would Create a Mega-Pay TV Operator, But Won’t Stop the Industry’s Decline | Analysis
The deal for $1 and $9.75 billion in debt is more about finding a “sense of stability” in a declining market as DirecTV and Dish transition to streaming, analysts tell TheWrap
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Business
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DirecTV Placed on Negative Credit Watch by S&P Global, Fitch Amid Dish Network Merger
The satellite TV giants are teaming up to create a pay TV operator with around 18 million subscribers in a deal for $1 and $9.75 billion in debt
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How Free, Ad-Supported Streaming Is Bridging the Gap Between Linear and SVOD | Analysis
FAST’s “spaghetti on the wall” phase is over and the bar for content and distribution is getting higher
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WrapPRO
Available to WrapPRO members
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Outgoing Sony Pictures CEO Predicts ‘Chaos’ in Entertainment Industry Over Next Two Years
Tony Vinciquerra foresees cable-company write downs, consolidation, potential bankruptcies, a Charter merger in Europe
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News
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Sony Pictures Entertainment CEO Tony Vinciquerra to Step Down, Ravi Ahuja to Succeed as President and CEO
Ahuja will assume the leadership role Jan. 2, 2025
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Lionsgate Offers Employees Voluntary Severance Amid ‘Disrupted Business Environment’
The early retirement package offer comes as multiple studios go through a fresh round of layoffs
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Comcast’s Sky Sues Warner Bros. Discovery for Denying Partnership on ‘Harry Potter’ Series
A WBD spokesperson categorizes the lawsuit as a “baseless attempt” by the company to gain leverage in programming negotiations
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EchoStar Stock Jumps Over 11% as Dish, DirecTV Enter Advanced Merger Talks
A deal between the two companies would create the largest pay TV provider with around 20 million subscribers
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Fox CEO Lachlan Murdoch’s Pay Rises 9% to $23.8 Million in 2024 Package
Rupert Murdoch’s pay fell 7% to $21.2 million, but he sees “enhanced retirement health and life insurance benefits,” according to Fox’s proxy report
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OpenAI’s Sam Altman Worked for ‘Love’ – Now He’ll Make $10.5 Billion
Restructuring to a for-profit business would instantly make OpenAI’s CEO billions of dollars richer
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Paramount Considers Dropping Nielsen TV Ratings Partnership
The two parties’ current agreement is set to expire on Monday
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CNN Plans to Paywall News Content Starting Next Month
The “metered” paywall will require frequent users to pony up to keep accessing the site
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Disney+ Password Sharing Crackdown Rolls Out for US Subscribers – Here’s Everything You Need to Know
Account holders can add an extra member outside of their household for $6.99 per month on basic plans
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NBCUniversal Promotes Joaquin Duro to Telemundo Sports EVP
The network’s senior vice president of AVOD streaming and digital succeeds Eli Velazquez, who will exit at the end of the month
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Paramount Notifies 66 New York Based-Employees of Layoffs in December
The notification comes as the media giant looks to cut 15% of its U.S. workforce
