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Business

  • Paramount, Skydance Merger Is on Again in $2.4 Billion Deal

    But NAI’s controlling shareholder Shari Redstone might be setting off a bidding war ahead of Sun Valley

    By

    Lucas Manfredi and Sharon Waxman
    July 2, 2024 @ 3:46 PM

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    Business
    3:46 PM
    Paramount, Skydance Merger Is on Again in $2.4 Billion Deal

    Pro Available to WrapPRO members

  • Paramount Stock Rises Over 5% Amid Renewed BET Network Sale Talks

    A group that includes BET CEO Scott Mills and CC Capital’s Chinh Chu is looking to offer between $1.6-$1.7 billion, according to Bloomberg

    By

    Lucas Manfredi
    July 2, 2024 @ 1:31 PM
    Business
    1:31 PM
    Paramount Stock Rises Over 5% Amid Renewed BET Network Sale Talks
  • Candle Media to Split Animation, Live-Action Businesses, Cut Costs

    The Blackstone-backed studio will fold animation projects into Moonbug Entertainment and rebrand their live-action division to Candle Studios

    By

    Lucas Manfredi and Sharon Waxman
    July 2, 2024 @ 9:29 AM
    TV
    9:29 AM
    Candle Media to Split Animation, Live-Action Businesses, Cut Costs
  • TKO Group President and COO Mark Shapiro Joins Board of RedBird Capital Partners, NFL-Backed EverPass Media

    The move comes as the UFC and WWE parent made a strategic investment in the live sports and entertainment distribution platform for an undisclosed amount

    By

    Lucas Manfredi
    July 2, 2024 @ 9:21 AM
    Business
    9:21 AM
    TKO Group President and COO Mark Shapiro Joins Board of RedBird Capital Partners, NFL-Backed EverPass Media
  • DNEG Group Secures $200 Million Investment From Abu Dhabi’s United Al Saqer Group

    The fresh funding, which values the London-based VFX studio at over $2 billion, will be used to help accelerate its move into AI-driven content creation

    By

    Lucas Manfredi
    July 2, 2024 @ 8:29 AM
    Business
    8:29 AM
    DNEG Group Secures $200 Million Investment From Abu Dhabi’s United Al Saqer Group
  • Over 3 Decades Later, Barry Diller Takes Another Swing at Paramount | Analysis

    The billionaire behind IAC , who lost a bid to acquire the studio in the early 1990s, has signed an NDA with National Amusements

    By

    Alexei Barrionuevo
    July 2, 2024 @ 6:00 AM

    Pro Available to WrapPRO members

    WrapPRO
    6:00 AM
    Over 3 Decades Later, Barry Diller Takes Another Swing at Paramount | Analysis

    Pro Available to WrapPRO members

  • Bob Iger Celebrates 50 Years With Disney: ‘Truly the Ride of a Lifetime’

    The CEO marks the golden anniversary of his start date with ABC, which was acquired by Disney in 1996

    By

    Ross A. Lincoln
    July 1, 2024 @ 8:23 PM
    Movies
    8:23 PM
    Bob Iger Celebrates 50 Years With Disney: ‘Truly the Ride of a Lifetime’
  • Ron Howard and Brian Grazer Hire Bankers to Sell Imagine Entertainment

    The producers had tried to sell in 2022 but the deal never happened

    By

    Umberto Gonzalez
    July 1, 2024 @ 5:06 PM
    Movies
    5:06 PM
    Ron Howard and Brian Grazer Hire Bankers to Sell Imagine Entertainment
  • Paramount+ Weighs Merging With Another Streaming Platform | Report

    Looking for a streaming partner is consistent with plans laid out by Paramount Global’s new Office of the CEO

    By

    Loree Seitz
    July 1, 2024 @ 4:18 PM
    TV
    4:18 PM
    Paramount+ Weighs Merging With Another Streaming Platform | Report
  • Barry Diller Eyes Paramount Bid Following Skydance Fallout | Report

    The billionaire behind IAC has signed nondisclosure agreements with National Amusements as talks begin

    By

    Sharon Knolle and Lucas Manfredi
    July 1, 2024 @ 3:49 PM
    Business
    3:49 PM
    Barry Diller Eyes Paramount Bid Following Skydance Fallout | Report
  • USA Today Editor-in-Chief Terence Samuel Exits Gannett Just 1 Year In

    Politics executive editor Caren Bohan steps into the role on an interim basis

    By

    Mike Roe
    July 1, 2024 @ 2:19 PM
    Media
    2:19 PM
    USA Today Editor-in-Chief Terence Samuel Exits Gannett Just 1 Year In
  • Fubo, NBCUniversal Strike Paris Olympics Content Deal Amid Venu Antitrust Lawsuit

    The programming includes live competition sessions starting on July 24 and on-demand viewing across platforms at no additional charge

    By

    Lucas Manfredi
    July 1, 2024 @ 1:05 PM
    TV
    1:05 PM
    Fubo, NBCUniversal Strike Paris Olympics Content Deal Amid Venu Antitrust Lawsuit
  • Netflix, Amazon Lead With 53% of Original Streaming Title Orders in First Quarter of 2024, Study Finds

    The growth comes from increased investment in international territories, according to Ampere Analysis

    By

    Lucas Manfredi
    July 1, 2024 @ 1:30 AM
    Business
    1:30 AM
    Netflix, Amazon Lead With 53% of Original Streaming Title Orders in First Quarter of 2024, Study Finds
  • Redbox Parent Company Files for Bankruptcy

    Chicken Soup for the Soul Entertainment sought Chapter 11 protection on Friday, though the bankruptcy does not affect its publishing side

    By

    Stephanie Kaloi
    June 30, 2024 @ 3:48 PM
    Movies
    3:48 PM
    Redbox Parent Company Files for Bankruptcy
  • Roku’s Joe Franzetta Is Leveraging Leagues, 3rd Party Partnerships to Create a ‘One-Stop Shop’ for Sports Content

    Office With a View: The streamer’s sports head breaks down their plan for solving a pain point for consumers and his acquisition strategy around live rights

    By

    Lucas Manfredi
    June 28, 2024 @ 3:30 PM

    Pro Available to WrapPRO members

    TV
    3:30 PM
    Roku’s Joe Franzetta Is Leveraging Leagues, 3rd Party Partnerships to Create a ‘One-Stop Shop’ for Sports Content

    Pro Available to WrapPRO members

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