Business
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Netflix’s Next Phase of Growth Hinges on Pricing, Paid Sharing and the Ad Tier
“The big challenge is accepting that… they’re going to be a low growth, extraordinarily profitable company,” one analyst tells TheWrap
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Available to WrapPRO members
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Disney, WBD and Fox Grilled by US Reps on Sports Streaming Joint Venture, Anticompetitive Concerns
Representatives Jerry Nadler and Joaquin Castro have 19 questions on how the new offering affects “access, competition and choice in the sports streaming market”
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Lionsgate Television Strikes New Multi-Year Deal With EVP Lee Hollin
The television programming executive will continue to oversee approximately 20 series for streaming, cable and broadcast networks
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DOJ Preps Antitrust Lawsuit Against Ticketmaster Parent Live Nation | Report
The concert promoter is supposed to be operating under a deal that prevents it from bullying venues into using Ticketmaster
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MediaLink Sets Mostly Female Leadership Team After Michael Kassan Exit
Owner UTA promotes Donna Sharp, Andrea Kerr Redniss and Lena Petersen ahead of Cannes
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Paramount’s ‘Dramatic’ Stock Decline Shows a Lack of Faith in Skydance’s David Ellison, Ariel Investments Founder Says
John Rogers Jr., whose firm owns a 1.8% stake, calls the exclusive talks “unprecedented” and tells TheWrap he’s not ruling out litigation
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Movies
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Chris Brearton Joins the Russo Brothers’ AGBO as Partner
The veteran exec served as VP of corporate strategy at Amazon, overseeing the integration of MGM after its acquisition
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Paramount Pursuit of Skydance Exclusive Talks Over Competitive Bids ‘Averse to Fair Market Value,’ Investor Says
Ariel Investments, which owns a 1.8% stake, also expressed concern that board changes could compromise its ability to act on behalf of all shareholders
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Paramount Global CEO Bob Bakish’s Pay Dips to $31.25 Million in 2023
The package, down from $32.04 million in 2022, includes a $3.1 million base salary and approximately $15.5 million in stock awards
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Four Paramount Board Members to Step Down Amid Merger Talks
Their departures come as David Ellison’s Skydance Media is in exclusive talks to acquire control of the media conglomerate through Shari Redstone’s National Amusements
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DirecTV, Dish Network Back Fubo in Disney-Fox-WBD Sports Streaming Legal Fight
In a motion to dismiss Fubo’s lawsuit, the studios argued it “does not offer any plausible basis to conclude that it will ever suffer antitrust injury” from their joint venture
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CAA Centralizes Global TV Division to US and UK Following March Layoffs
There are no new job losses associated with the restructuring, an individual with knowledge tells TheWrap
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Former WarnerMedia Exec Sandra Dewey Joins Media Res as Chief Operating Officer
Dewey will guide the TV studio and film production company’s domestic and international scripted and non-fiction initiatives
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Prime Video Advertising ‘Off to a Strong Start’ and ‘Growing Quickly,’ CEO Andy Jassy Says
The streamer launched its ad tier in January, where brands can reach over 200 million monthly viewers
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Skydance to Meet With Paramount Global Management Next Week Amid Merger Talks
David Ellison’s media company is in the process of due diligence, an individual familiar with the negotiations tells TheWrap
