Business
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Disney Closes $439 Million Comcast Deal to Buy Hulu Stake
The Bob Iger-led studio says the full acquisition will be completed by July 24
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Paramount Chief Financial Officer Naveen Chopra Exits to Join Roblox
He will be replaced in the interim by former Discovery Communications CFO Andrew Warren
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Warner Bros. Discovery’s Split Gives Company Flexibility But Doesn’t Solve Problem of Debt, Linear Decline | Analysis
The irony of the decoupling is that Wall Street likes the the new M&A possibilities the separation could create but still sees steep challenges ahead
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Business
Available to WrapPRO members
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Warner Bros. Discovery Stock Sinks 3% After Split Announcement
Shares of WBD drop 3% on Monday after an initial surge following its announced plan to split its company in two
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Local Broadcasters on the Block: Why TV Station Owners Are Exploring Sales
Allen Media Group is the latest to put up a “for sale” sign as the value has changed for these once-lucrative media assets
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
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Warner Bros. Discovery to Split Into 2 Companies: Cable Channels and Studios, Streaming
Under-performing since WarnerMedia and Discovery merged in 2022, the company will cleave itself in hopes of unleashing new value for shareholders
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Netflix Board to Decide Fate of Lead Independent Director Jay Hoag After Shareholders Vote to Oust Him
The streamer said it would act within 90 days from the certification of the results from its annual meeting
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V10 Entertainment Acquires Ex-YouTube Exec Parker Jones’ Towerhouse | Exclusive
The deal will help the “America’s Funniest Home Videos” distributor monetize and drive engagement around its IP portfolio, which includes over 2.6 million user-generated content videos
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Ad-Supported Streaming Reaches 100 Million Subscriptions, Antenna Finds
65% of ad-supported subscribers in the first quarter of 2025 were new users, compared to 23% who were “win backs” and 11% who switched from ad-free plans
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3 Arts Entertainment Acquires Olivia Metzger’s OManagement
The deal will combine its production resources with the talent management firm’s roster of clients, including Craig Melvin, Kristen Welker, Harris Faulkner and Steve Kornacki
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Shari Redstone Diagnosed With Thyroid Cancer
The Paramount Global chair and controlling shareholder underwent surgery last month, her spokesperson says
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Former FCC Commissioner Warns Paramount Will Be ‘Melting Ice Cube’ if Skydance Deal Collapses
The pending $8 billion merger has been stuck in regulatory limbo as the media giant fends off a $20 billion lawsuit from President Trump
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Warner Bros. Discovery Sets New Round of Layoffs in Cable TV Divisions
The cuts are expected to impact under 100 employees
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Showtime Programming Executive Gary Levine to Retire After 24 Years
Network hits under his creative leadership include “Shameless,” “Dexter” and “Homeland”
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AMC Networks Is Teaming Up With Runway AI
The company will use the firm’s models and tools to help make its marketing and TV development process more efficient
