Business
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Paramount Posts Q3 Streaming Profit of $49 Million and Adds 3.5 Million Subs, but Film and TV Revenue Fall
The media giant’s overall results were weighed down by a 71% decrease in theatrical revenue and 6% drop in TV Media revenue
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Lionsgate CEO Dissects ‘Borderlands’ Bust: ‘Everything That Could Go Wrong Did Go Wrong’
Amid a deep box office slump, Jon Feltheimer believes Lionsgate’s problems are a quality issue and not with its business model
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Lionsgate Suffers $163 Million Q3 Loss, CEO Gets Candid on Flops: ‘Nearly Everything That Could Go Wrong Did Go Wrong’
Motion picture division’s segment profit collapsed 96% to $2.6 million after “Borderlands” flopped in theaters
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WrapPRO
Available to WrapPRO members
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Nexstar Reduces CW Operating Losses by $119 Million, Surpassing Expectations
The network’s operating losses were also reduced by $36 million year-over-year
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Under Trump 2.0, Hollywood Sees a Wave of Consolidation and Looming Censorship
His reelection comes at a precarious moment for Hollywood, when legacy studios are severely tightening their belts
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David Zaslav Touts ‘Opportunity for Consolidation’ Under Trump Administration
“That would provide a real positive and accelerated impact on this industry that’s needed,” the Warner Bros. Discovery CEO says
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Endeavor Q3 Loss More Than Triples to $420.4 Million
Revenue grew 66% to $2.03 billion, driven by its Owned Sports and Representation segments and consumer demand for live events and content
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News
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Warner Bros. Discovery Posts Streaming Profit of $289 Million in Q3 as Subs Grow to 110.5 Million
The media giant’s overall results were dragged down by the studios division, which posted a 17% decrease in revenue and 58% dip in profit
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TV
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AMC Theatres Revenue Slides 5% Despite ‘Deadpool 3’ Boost
The theater chain posted its second-highest EBITDA ever in Q3 and narrowed losses to 6 cents per share
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Jeff Bezos Congratulates Trump on ‘Extraordinary Political Comeback’
“Wishing Donald Trump all success in leading and uniting the America we all love,” the Amazon founder said in a Wednesday X post
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Trump’s Truth Social Stock Sees Erratic Crash, Spike in Wild Election Day Ride
DJT shares jumped as much as 18.7% — before being halted following a 15% drop and later closing slightly down
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Fubo Says Disney, Fox and WBD Structured Venu Sports Bundle to Destroy Any Potential Competition
“Its artificial advantage will capture hundreds of thousands of subscribers and tens of millions of dollars from Fubo alone,” the streamer writes
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‘Crazy Rich Asians’ and ‘Anyone But You’ Producer SK Global Hit by Layoffs
Roughly 20 employees were affected across multiple departments
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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.
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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
