Business
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Donald Trump Transfers $4 Billion Stake in Trump Media and Technology Group to Revocable Trust
The president-elect indirectly owns 114.75 million shares, or 53% of the company’s total outstanding stock, according to an SEC filing
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HBO’s ‘The Penguin’ Contributed Nearly $135 Million to New York City Economy
The drama, which filmed for 112 days, invested more than $73 million in wages to 2,200+ local cast and crew
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Entertainment and Media Suffers Another Major Blow in 2024 With 15,000 Job Cuts
The good news: Losses declined in 2024. The bad news: There’s no sign things will turn around soon
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WrapPRO
Available to WrapPRO members
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Warner Bros. Discovery Sets US Networks Leadership Team
The division will be led by Channing Dungey as CEO, Brett Paul as COO, Howard Lee as CCO, Susan Kolar as chief financial and strategy officer and Karen Bronzo as global CMO
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Kerry Washington and Elisabeth Moss’ ‘Imperfect Women’ Among Projects Approved for California Tax Credit
The California Film Commission estimates that more than 3,500 jobs will be brought by the 10 productions approved for the incentive.
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Center for American Rights Files FCC Petition Challenging Paramount-Skydance Merger
The firm said Tencent Holdings’ investment in Skydance raises “troubling questions about undue foreign influence” and that CBS News has “exhibited improper ideological bias”
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Nate Moore Leaving Marvel Studios to Transition Into Producing
“Nearly everything I know about producing I’ve learned from my time at Marvel Studios,” the exec says
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South by Southwest Promotes Hugh Forrest to President
Fellow SXSW co-president Jann Baskett will step down to an advisory role at the end of the year
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Disney Bests YouTube With 11.1% Share of Total TV Viewing in November
YouTube, which set a new platform best of 10.8%, trails the entertainment giant by just 0.3 share points
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TV
Available to WrapPRO members
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OpenAI Whistleblower Suchir Balaji’s Death Ruled a Suicide
The OpenAI researcher was named in New York Times copyright infringement lawsuit
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Warner Bros. Discovery’s Restructuring Sets the Table for M&A in 2025 | Analysis
The move could be just the first step for David Zaslav to deal with declining linear TV assets, which remain a drag on the company.
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WrapPRO
Available to WrapPRO members
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Lloyd Braun, Sarah Bremner and Noah Oppenheim Launch Prologue Entertainment With Backing From Jeff Zucker, RedBird
The studio will develop, produce and finance premium scripted series and film content
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Telemundo Studios Names Jacqueline Castro as Vice President of Production
The former Sony Pictures exec will lead production strategy across both in-house and third-party productions
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Universal Television Casting Head Beth Klein to Retire After 13 Years
The executive will exit the studio at the end of the year
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Nexstar to Cut About 2% of Staff, Layoffs Expected in Broadcasting and Sales Divisions
The downsizing comes after The CW let go of over two dozen employees last month
