Business
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Lionsgate CEO Jon Feltheimer Extends Contract 5 Years to 2029
The executive will receive a base salary of $1,500,000, according to a Wednesday SEC filing
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How the Major Streamers Stack Up in Subscribers, Revenue
Legacy media giants may be turning the corner on streaming profitability, but they have a long way to go to catch industry leader Netflix
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Streaming
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Lifetime and History Execs Exit as A+E Networks Undergoes Layoffs
Lifetime SVP Amy Savitsky and VPs Kim Chessler and Cat Rodriguez are leaving the company as part of the cuts
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Fubo Says It Could Be Pushed to Insolvency With Venu Sports Launch as Preliminary Injunction Trial Comes to a Close
Disney, Fox and WBD argue that Fubo’s “precarious financial condition” has nothing to do with Venu and predates the joint venture
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Paramount Television Studios to Shut Down Due to ‘Significant Changes’ in TV Marketplace
The move is part of the media giant’s broader restructuring plans ahead of its merger with David Ellison’s Skydance Media
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Sabrina Caluori Exits as Head of Kids and Family Marketing for Nickelodeon, Paramount+
The EVP was elevated to the position two years ago following the exit of previous CMO Jenny Wall
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Warner Bros. Discovery Stock Dips 4.5%, Continuing Q2 Earnings Fallout
The conglomerate’s stock is down 42% year-to-date as Wall Street responds to that $9.1 billion write-down
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Susan Wojcicki, Former YouTube CEO and Leading Google Exec, Dies at 56
Wojcicki was instrumental in Google’s decision to buy the video platform in 2006
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Smartmatic Executives Charged by Justice Department Over Alleged Bribery Scheme
The voting technology company has levied lawsuits against right-wing media outlets for coverage relating to the 2020 election
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AMC Networks Swings to Q2 Net Loss of $29.2 Million, US Ad Revenue Falls 11% on Linear TV Challenges
The company recorded $97 million in impairment charges related to the devaluation of its international business and BBC America
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Business
Available to WrapPRO members
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News Corp. Reports 6% Boost in Q4 Revenue to $2.58 Billion, Touts OpenAI Deal
The media company turned a net loss of $32 million in 2023 into net income of $71 million driven largely by Dow Jones Segment
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Business
Available to WrapPRO members
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Lionsgate Shrinks Q2 Loss to $59 Million Despite Box Office Slips
A TV revenue bump and reduced marketing costs helped mitigate the lack of a “John Wick”-level hit
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LA Mayor Karen Bass Launches Film and TV Task Force to Slow Production Leaving for Other Cities
Efforts out of the city’s inaugural Entertainment Industry Council aim to speed up post-COVID and -strike recovery, Deputy Mayor Rachel Freeman tells TheWrap
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Paramount Global Q2 Net Loss Balloons to $5.4 Billion as Company Takes $5.98 Billion Impairment Charge on Cable Networks
The media giant’s direct-to-consumer division swung to a profit of $26 million as Paramount+ shed 2.8 million subscribers
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Business
Available to WrapPRO members
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Warner Bros. Discovery Stock Plunges Over 11% After Taking $9.1 Billion Impairment Charge on Linear TV Networks
The stock briefly hit a 52-week low of $6.73 per share following its earnings results for the second quarter of 2024
