Business
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OpenAI, Hearst Strike Content Licensing Partnership
ChatGPT’s 200 million weekly users will have access to lifestyle content from over 20 magazine brands and more than 40 newspapers
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Amazon Seeks to Dismiss Ad Tier Lawsuit, Says Prime Viewers ‘Got Exactly What They Bargained For’
The tech giant argues that it’s never promised that Prime Video would be “always, or entirely, ad-free”
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Katie Conklin to Lead DDA’s NYC Film and Series Publicity Division
Madison Tobin also joins as a senior account executive from 42West while Paige Gurski boards as a creative lead from Wieden+Kennedy
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Warner Bros. Discovery Ad Sales Chief Jon Steinlauf to Exit
The executive will remain in the role while a search for a successor is underway
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Paramount Sued by Former Employee for Violating WARN Law During September Layoffs
Julian Hagins also named CBS Interactive in the class action suit for not giving 90 days’ notice when cutting over 300 staffers
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Former Netflix Exec Bea Miller Joins Moonbug Entertainment as North America Originals and Distribution Head
Her hiring comes as the studio looks to expand in the market through shows such as “CoComelon,” “Blippi” and “Little Angel”
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Warner Bros. Discovery Strikes Multi-Year Renewal With All Elite Wrestling
U.S. Networks chairman Kathleen Finch tells TheWrap that AEW will help bolster its sports portfolio heading into carriage negotiations
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Hasbro Entertainment Taps Zach Edwin to Lead Unscripted TV Division
The development executive will oversee a slate of programming, as well as partnerships with talent, studios and distribution partners
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Disney Lays Off Roughly 75 Staffers Across ABC News, Owned Stations
The impacted employees are about evenly split between both groups and no teams have been eliminated, an individual familiar with the matter tells TheWrap
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A DirecTV-Dish Merger Would Create a Mega-Pay TV Operator, But Won’t Stop the Industry’s Decline | Analysis
The deal for $1 and $9.75 billion in debt is more about finding a “sense of stability” in a declining market as DirecTV and Dish transition to streaming, analysts tell TheWrap
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Business
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DirecTV Placed on Negative Credit Watch by S&P Global, Fitch Amid Dish Network Merger
The satellite TV giants are teaming up to create a pay TV operator with around 18 million subscribers in a deal for $1 and $9.75 billion in debt
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How Free, Ad-Supported Streaming Is Bridging the Gap Between Linear and SVOD | Analysis
FAST’s “spaghetti on the wall” phase is over and the bar for content and distribution is getting higher
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Outgoing Sony Pictures CEO Predicts ‘Chaos’ in Entertainment Industry Over Next Two Years
Tony Vinciquerra foresees cable-company write downs, consolidation, potential bankruptcies, a Charter merger in Europe
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News
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Sony Pictures Entertainment CEO Tony Vinciquerra to Step Down, Ravi Ahuja to Succeed as President and CEO
Ahuja will assume the leadership role Jan. 2, 2025
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Lionsgate Offers Employees Voluntary Severance Amid ‘Disrupted Business Environment’
The early retirement package offer comes as multiple studios go through a fresh round of layoffs
