Business
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Netflix VP of Film Niija Kuykendall to Exit
The exec will leave at the end of the year following a transitional period
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CAA Taps John Storey as Chief Financial Officer
The Asurion executive replaces Carol Sawdye, who has served as the agency’s CFO since 2021
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DirecTV Threatens to Walk Away From Dish Acquisition Over Debt Exchange Dispute
The deal between the rival satellite TV giants for $1 plus $9.75 billion in debt is contingent upon Dish’s bondholders agreeing to a debt exchange
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Inside Skydance Media’s Financials: David Ellison’s Studio Has Mostly Lost Money Since 2021
The private company, valued at $4.75 billion in its $8 billion Paramount merger deal, relies on licensing deals with Netflix and Apple, an SEC filing reveals
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WrapPRO
Available to WrapPRO members
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Amazon to Shut Down Freevee in Consolidation to Prime Video
Original series like “Jury Duty” and “Bosch: Legacy” will remain on Prime Video without a paywall
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Spotify’s Q3 Profit Quadruples as Streamer Tops 250 Million Subscribers
The music streaming giant boosted subscribers by 12%, or 6 million, to hit 252 million during the quarter.
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Media
Available to WrapPRO members
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Paramount Shareholder Mario Gabelli Asks FCC to Pause Skydance Deal to Internally Review Potential ‘Violations’
The letter comes after the GAMCO Investors Inc. chairman filed a books and records request seeking more specifics about the $8 billion merger deal
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The CW Lays Off Over 2 Dozen Employees Across Scripted, Publicity Divisions
The network’s cuts come amid a shift towards sports and unscripted content
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UTA News Co-Heads Urge Media Vets to Be ‘Multi-Platform’ to Survive Shifting Landscape
Office With a View: Marc Paskin and Ryan Hayden predict more journalists will strike a balance between traditional news outlets and independent platforms
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Office With a View
Available to WrapPRO members
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EchoStar Sheds 43,000 Pay TV Subscribers, Adds 145,000 Sling TV Subscriptions in Q3
The Dish parent has entered into an agreement to sell the satellite TV giant to rival DirecTV in a deal for $1 and $9.75 billion in debt
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
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Disney Expands CEO Search to External Candidates, Including EA’s Andrew Wilson
The entertainment giant plans to announce Bob Iger’s successor in early 2026
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MyFree DirecTV Launches With Over 70 FAST Channels
Sign-ups for the FAST service launch on Roku start today and will be available across Amazon Fire, Android and Apple devices this week, as well as via the DirecTV app
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Netflix’s Ad Tier Explodes to 70 Million Monthly Users Globally
The milestone for the streamer comes as it sold out in-game inventory for its Christmas Day NFL games
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Chris Wallace Quits CNN to Pivot to Streaming, Podcasting
The veteran journalist is ending his three-year tenure at the network to be “where the action seems to be”
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Endeavor to Sell OpenBet, IMG Arena in $450 Million Management Buyout Backed by Ari Emanuel
The deal, which also includes participation from executives including OpenBet CEO Jordan Levin, will be financed through a mix of cash and debt
