Business
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Disney, Fortnite Set D23 Live Showcase to Reveal Game Updates After $1.5 Billion Investment
Disney Parks, Experiences and Products chairman Josh D’Amaro is sharing big game news this weekend — and players can get a special back bling for tuning in
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Endeavor Looks to Sell OpenBet, IMG Arena Ahead of Silver Lake’s Take-Private Deal
The company reported a net loss of $253.8 million and revenue of $1.75 billion in its second quarter of 2024
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Available to WrapPRO members
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Disney vs. Warner Bros. Discovery: A Tale of 2 Earnings | Analysis
WBD’s $10 billion net loss shocked Wall Street while Disney turned a corner on streaming profitability ahead of schedule
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WrapPRO
Available to WrapPRO members
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Warner Bros. Discovery CFO Calls NBA Loss a ‘Triggering Event’ to ‘Reevaluate’ Strategy
However, Gunnar Wiedenfels notes the reevaluation wasn’t “a response to one individual factor”
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Warner Bros. Discovery Q2 Net Loss Widens to $9.99 Billion as Company Records $11.2 Billion in Impairment, Restructuring Charges
The media giant topped 103 million direct-to-consumer subscribers, but the DTC segment posted a $107 million loss for the quarter
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Business
Available to WrapPRO members
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Paramount Sells ComicBook, PopCulture Sites to Nashville-Based Savage Ventures | Exclusive
This comes after Paramount Global’s newly appointed co-CEOs detailed a plan including $500 million in cost cuts
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Bernie Sanders, Elizabeth Warren Urge Government to Investigate Venu Sports for Anti-Competitive Model
The lawmakers warn that the offering could enable Fox, Disney and Warner Bros. Discovery to “discriminate against competitors and increase prices for consumers”
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How Amazon Created Its Brand New Interface for Prime Video
Prime Video’s VP of design Kam Keshmiri tells TheWrap the update helps users find movies and TV shows faster, and shares how generative AI helps with content curation
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Available to WrapPRO members
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Sony Won’t Submit Counter Bid for Paramount Global
Acquiring the entire media giant would be “risky” to its capital allocation strategy, Sony Group president, COO and CFO Hiroki Totoki tells analysts
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Disney Could Pay Up to $5 Billion More for Comcast’s Hulu Stake
The company made an initial payment of $8.6 billion in December for NBCU’s 33% minority interest in the streaming service
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The New York Times Adds 300,000 Digital Subs in Q2 as Total Revenues Rise 6% to $625 Million
Digital subscription revenues climbed 13% year-over-year to $304.5 million on strength of bundle and multi-product additions
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Business
Available to WrapPRO members
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Disney Swings to First-Ever Combined Streaming Profit of $47 Million in Q3
The House of Mouse expects streaming profitability to further improve in Q4 after it added 200,000 Disney+ subs for a total of 153.8 million
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Business
Available to WrapPRO members
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Disney Entertainment Television Overhauls Casting Departments After Latest Round of Layoffs
After 140 staffers were laid off last week, casting operations at 20th Century, ABC Signature, Onyx and Hulu are being consolidated
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Paramount+ Domestic and Showtime Chief Marketing Officer Michael Engleman to Exit
The executive announced his departure in an internal memo to staff on Tuesday
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Charles Barkley Cancels Retirement, Commits to TNT Sports for ‘Years to Come’
The move comes as Warner Bros. Discovery was left on the sidelines of the NBA’s latest round of media rights negotiations
