Business
-
‘Crazy Rich Asians’ and ‘Anyone But You’ Producer SK Global Hit by Layoffs
Roughly 20 employees were affected across multiple departments
-
LeBron James’ SpringHill in Talks to Merge With ‘The Kardashians’ Producer Fulwell 73
The move would combine the companies’ portfolios in unscripted and live programming and resources across Europe and the U.S.
-
Shari Redstone to Exit Paramount Global Board of Directors After Skydance Merger
The non-executive chair has the option of joining New Paramount’s board, but does not plan to, an individual familiar with her plans tells TheWrap
-
How Comcast’s Cable Spinoff Could Fuel Media Consolidation | Analysis
The decision to cut the cord is a chance to roll up other distressed linear TV assets, but the move would face its own challenges
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Legendary Names Blair Rich Chief Marketing and Commercial Officer
The exec had been advising the company for the past year on the marketing of “Dune: Part Two” and “Godzilla x Kong”
-
New York Times Adds 260,000 Digital Subs, Boosts Profits by 19.6%
The media company spent another $4.6 million on litigation related to its suit against Microsoft and Open AI over copyright infringement
Available to WrapPRO members
News
Available to WrapPRO members
-
Political Ads Drive Fox Revenue to 11% Increase
The continued growth of Tubi and Fox Sports’ “Summer of Soccer” also contributed to the year-over-year jump
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Warren Buffett’s Berkshire Hathaway Continues Selling Off Apple Stock
The investment titan’s company remains the iPhone manufacturer’s largest stockholder
-
Elon Musk Fails to Get Ex-Twitter CEO’s Severance Pay Claim Dismissed
A judge rules that former execs can pursue claims against the X owner for axing them to avoid paying those benefits
-
Disney Forms Business Unit Focused on Use of AI, Mixed Reality
The Office of Technology Enablement, led by Walt Disney Studios CTO Jamie Voris, comes after TheWrap exclusively reported a major AI initiative was in the works
-
Fremantle Promotes Kevin Woodward to Production EVP
Original Productions’ Ryan Abbott will also move into an expanded post-production and supervisory music role at the company
-
Amazon Ad Sales Rise 19% to $14.3 Billion in Q3
Sales for subscription services, which includes Prime Video, grew 11% to $11.3 billion during the quarter
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Comcast Exploring Spinoff of Cable Networks
The NBCUniversal parent is also open to streaming partnerships to help grow Peacock
-
Peacock Q3 Loss Narrows to $436 Million as Paris Olympics Boost Subs to 36 Million
The streamer’s revenue grew 82% year over year to $1.5 billion
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Meta Posts Record $15.7 Billion Profit as Net Income Balloons 35% in Q3
CEO Mark Zuckerberg says the Facebook parent company will continue to invest in AI and virtual reality because the upside is “really big”
Available to WrapPRO members
Tech
Available to WrapPRO members