Business
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Regina Hall’s Rh Negative Inks First Look Deal With Amazon’s MGM Alternative
The “Girls Trip” actress will develop “Squad Games,” a competition series loosely inspired by the film
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Amazon Bets on Creator Economy With Investment in Spotter, Firm Behind MrBeast and Try Guys
The firm, whose clients also include Deestroying and Dude Perfect, has invested $940 million to support creators to date
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David Ellison Will Control 100% of Paramount After Deal Closes
An amended FCC filing designates the Skydance Media CEO as “sole manager” after previous docs indicated Larry Ellison would have a large role
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YouTube Posts Second-Best Quarter Ever With $8.9 Billion in Sales
The Alphabet-owned platform credits AI with helping it better recommend videos to viewers
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Tech
Available to WrapPRO members
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Paramount Global Inclusion Head Marva Smalls to Take on New Role Working With Office of the CEO, Skydance
The Nickelodeon public affairs exec will help with the media giant’s transition as the two companies’ $8 billion merger is on track to close in the first half of 2025
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Netflix Hires Nicolle Pangis as New VP of Advertising
The former Ampersand CEO will oversee the streamer’s U.S. and Canada ad sales
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Netflix Comms Chief Rachel Whetstone, Global Public Policy VP Dean Garfield to Exit
The streamer plans to hire a chief global affairs officer to oversee policy and corporate communications
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Vivendi Board Sets December Shareholder Vote on 4-Way Split of French Media Giant
If the move is approved by shareholders, former Paramount Global CEO Bob Bakish would join the board of Canal+
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James Gorman Draws on Succession Experience to Replace Disney’s Bob Iger
The Aussie Wall Street veteran previously helped Disney defeat Nelson Peltz’s proxy challenge.
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WrapPRO
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Netflix, Disney, Comcast, Google, Warner Bros. Discovery and Paramount to Spend Combined $126 Billion on Content in 2024
The estimate from Ampere Analysis includes $40 billion allocated towards the companies’ streaming services
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Washington Post Loses Over 200,000 Subscribers After Bezos Nixes Harris Endorsement
The lost subscribers represent about 8% of the paper’s total paid circulation
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David Ellison, Skydance Tap Cindy Holland as Senior Advisor Ahead of Paramount Merger
The Sister global CEO departs as the company will close its Los Angeles film and television office at the end of 2024
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Endeavor Exploring Sale of Miami and Madrid Opens, Frieze
The review comes ahead of private equity firm Silver Lake taking the company private in 2025
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Telemundo Studios Names Monica Albuquerque SVP of Content and Development
The former Warner Bros. Discovery Latin America executive will oversee strategy across linear and streaming platforms including Telemundo Network, Universo and Peacock
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TKO Buys On Location, IMG, Professional Bull Riders From Endeavor in $3.25 Billion All-Equity Deal
The WWE and UFC parent also authorized a $2 billion share repurchase program for its Class A common stock
