Business
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Disney Taps James Gorman as Succession Planning Committee Chair
The former Morgan Stanley CEO, who joined the company’s board earlier this year, will serve on the committee with Mark Parker, Mary Barra and Calvin McDonald
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Bob Iger Says He’s ‘Obsessed’ With Finding His Successor at Disney: ‘I’d Like to Retire Again’
The chief executive’s contract is currently set to expire at the end of 2026
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Paramount Shareholder Mario Gabelli Doesn’t See a Negative in Granting Potential Bronfman Bid Extension
“I still like insight into price voting/nonvoting,” the chairman of GAMCO Investors Inc. muses
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Inside the Bronfman Bid for Paramount: No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive
The $4.3 billion bid calls for a structure where the board would have more independent control over Paramount than under Skydance, according to Bronfman’s offer letter
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Available to WrapPRO members
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Investor Group Backing Bronfman’s Paramount Bid Includes Crypto Magnate Brock Pierce, Kazakh Heir | Exclusive
Kazakh investor Nurali Aliyev joins Fortress and producer Steven Paul in the last minute $4.3 billion bid
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Netflix Closes 2024 Upfront, Touts 150% Increase in Ad Sales Commitments
The streamer’s ad-supported tier reached 40 million monthly active users as of May and accounts for over 45% of Netflix sign-ups in the 12 countries where it’s available
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YouTube Becomes First Streaming Platform to Crack 10% of Total Viewing in Nielsen’s Gauge Report
The milestone comes as streamers achieved a record 41.4% of TV viewing in July
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Available to WrapPRO members
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Edgar Bronfman Jr. Makes Last-Minute $4.3 Billion Bid for Paramount
The media investor and former Warner Music CEO vies for Shari Redstone’s stake in National Amusements ahead of Skydance’s go-shop window deadline
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Available to WrapPRO members
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Fubo Wins Bid to Block Venu Sports Over Antitrust Concerns
Fox, Disney and Warner Bros. Discovery plan to appeal the judge’s ruling, arguing the streamer is “wrong on the facts and the law”
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S&P Lowers Warner Bros. Discovery Outlook to Negative, Citing Linear TV Decline and Studio Weakness
In the second quarter of 2024, WBD reported a net loss of $10 billion, compared to a loss of $1.24 billion a year ago
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Channing Dungey to Lead Warner Bros. Discovery US Networks as Kathleen Finch Sets Retirement
Finch will step down at the end of the year, at which point the Warner Bros. Television Group chairman and CEO will take over
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What’s the Path for Warner Bros. Discovery After Dismal Earnings, Sunk Stock Price and Shrinking Options? | Analysis
Warner stock has sunk by 70% since its April 2022 merger with Discovery, and Wall Street is calling on the David Zaslav-led media giant to explore strategic alternatives, such as asset sales
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WrapPRO
Available to WrapPRO members
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Paramount Shares Climb 7% as Edgar Bronfman Jr. Prepares Competing Bid
The former Warner Music Group CEO has held discussions about teaming up with Fortress Investment Group, Roku and “Baby Geniuses” producer Steven Paul, according to the Wall Street Journal
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Disney Taps Former YouTube Exec Adam Smith as Chief Product and Technology Officer
He replaces Aaron LaBerge, who departed the role at the end of June
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Billie Eilish Dumps Casey Wasserman After Scandal Over Extramarital Affairs
The pop star, who performed this week in honor of L.A.’s 2028 Olympics, left Wasserman, who heads the LA28 committee, for WME
