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Business

  • Sony Pictures Nearly Doubles Q4 Income to $196 Million Driven by More Theatrical Releases

    Sales rose 13% to $2.6 billion in the quarter but fell 10% for fiscal year 2023 due to strikes and lower licensing revenue

    By

    Alexei Barrionuevo
    May 14, 2024 @ 12:22 AM
    Business
    12:22 AM
    Sony Pictures Nearly Doubles Q4 Income to $196 Million Driven by More Theatrical Releases
  • Jamie Foxx Goes Rogue at Fox Upfronts With Improvised Baseball Jokes: ‘Don’t Want to Stand Up for the Negro League?’

    The “Beat Shazam” host veered off script while teasing Fox Sports and the MLB’s upcoming Rickwood Classic

    By

    Lucas Manfredi
    May 13, 2024 @ 4:08 PM
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    4:08 PM
    Jamie Foxx Goes Rogue at Fox Upfronts With Improvised Baseball Jokes: ‘Don’t Want to Stand Up for the Negro League?’
  • Amazon ‘Explores’ Back-End Pay Model for Talent on Film, TV Series

    In addition to Prime Video, Apple TV+ and Netflix are also looking to evolve their pay structure for talent

    By

    Lucas Manfredi
    May 13, 2024 @ 11:40 AM
    Business
    11:40 AM
    Amazon ‘Explores’ Back-End Pay Model for Talent on Film, TV Series
  • Doug Belgrad Tapped as Netflix’s VP of Film Under Dan Lin

    The 2.0 Entertainment founder is formerly of Sony Pictures

    By

    Umberto Gonzalez
    May 13, 2024 @ 10:39 AM
    Movies
    10:39 AM
    Doug Belgrad Tapped as Netflix’s VP of Film Under Dan Lin
  • Mediapro Studio Taps Juan ‘JC’ Acosta as Head of US & Canada Operations

    The production company expands its English-language production efforts with new headquarters in Los Angeles

    By

    Jose Alejandro Bastidas
    May 13, 2024 @ 7:45 AM
    TV
    7:45 AM
    Mediapro Studio Taps Juan ‘JC’ Acosta as Head of US & Canada Operations
  • Prime Video Ups Women’s Sports Presence With AT&T Sponsorship Deal for WNBA, NWSL

    The telecommunications giant will be lead sponsor on 21 women’s basketball games this season on the streamer

    By

    Lucas Manfredi
    May 10, 2024 @ 3:46 PM
    Business
    3:46 PM
    Prime Video Ups Women’s Sports Presence With AT&T Sponsorship Deal for WNBA, NWSL
  • With Disney+ Bundle, Max Is the First Streamer to Get Out of the ‘Everything for Everyone’ Game | Analysis

    Analysts pressed Warner Bros. Discovery executives for more details on the new offering after WBD reported a $966 million Q1 loss

    By

    Alexei Barrionuevo and Adam Chitwood
    May 10, 2024 @ 6:00 AM

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    6:00 AM
    With Disney+ Bundle, Max Is the First Streamer to Get Out of the ‘Everything for Everyone’ Game | Analysis

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  • AMC Networks Stock Falls Over 10% on Q1 Earnings Miss, Ad Revenue Drop

    The company cited a “challenging ad market” for the decline despite the success of “The Walking Dead: The Ones Who Live”

    By

    Adam Chitwood
    May 10, 2024 @ 4:18 AM
    TV
    4:18 AM
    AMC Networks Stock Falls Over 10% on Q1 Earnings Miss, Ad Revenue Drop
  • Jon Stewart Extends Comedy Central Partnership With New Weekly Podcast

    “The Weekly Show,” launching in early June, will see “The Daily Show” host dive into the most critical topics across current events 

    By

    Lucas Manfredi
    May 9, 2024 @ 9:00 AM
    Podcasts
    9:00 AM
    Jon Stewart Extends Comedy Central Partnership With New Weekly Podcast
  • Disney Ad Boss Says Linear Is Still ‘Very Robust’ Business, Touts Multiyear Commitments for Sports

    Rita Ferro tells TheWrap she expects “solid” performance during Upfronts due to the scale and reach of the entertainment giant’s streaming platforms

    By

    Lucas Manfredi
    May 9, 2024 @ 9:00 AM

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    WrapPRO
    9:00 AM
    Disney Ad Boss Says Linear Is Still ‘Very Robust’ Business, Touts Multiyear Commitments for Sports

    Pro Available to WrapPRO members

  • Fox Corporation Taps Kathy Kelly-Brown to Lead Ad Sales Comms

    The former NBCUniversal and Warner Bros. TV executive will report to the media giant’s ad sales president Jeff Collins

    By

    Lucas Manfredi
    May 9, 2024 @ 8:30 AM
    Business
    8:30 AM
    Fox Corporation Taps Kathy Kelly-Brown to Lead Ad Sales Comms
  • NBA’s $76 Billion TV Rights Deal Is Setting the Future for Live Sports | Analysis

    The battle between Disney, Amazon, WBD and Comcast is about more than just who’s watching the games. It’s about data and globalization

    By

    Kayla Cobb
    May 9, 2024 @ 6:00 AM

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    6:00 AM
    NBA’s $76 Billion TV Rights Deal Is Setting the Future for Live Sports | Analysis

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  • Endeavor Swings to Net Loss of $303.5 Million in Q1

    Executives will not hold an earnings call due to a pending take-private transaction with Silver Lake, which will close by the end of Q1 2025

    By

    Lucas Manfredi
    May 9, 2024 @ 5:18 AM

    Pro Available to WrapPRO members

    Business
    5:18 AM
    Endeavor Swings to Net Loss of $303.5 Million in Q1

    Pro Available to WrapPRO members

  • Warner Bros. Discovery Narrows Q1 Net Loss 10% to $966 Million, but Studio Profit Drops 70%

     The streaming segment posted $86 million in profit and added 2 million DTC subscribers for 99.6 million globally

    By

    Lucas Manfredi
    May 9, 2024 @ 4:40 AM

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    Business
    4:40 AM
    Warner Bros. Discovery Narrows Q1 Net Loss 10% to $966 Million, but Studio Profit Drops 70%

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  • AMC Theaters Q1 Revenue Flat Year-Over-Year Amid Weak Box Office

    The theater chain reported $951 million in revenue and slashed its net losses by 72% to $163.5 million

    By

    Jeremy Fuster
    May 8, 2024 @ 1:50 PM

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    Movies
    1:50 PM
    AMC Theaters Q1 Revenue Flat Year-Over-Year Amid Weak Box Office

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