Business
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Discovery Global to Launch TNT Sports App After Warner Bros. Split
CEO-elect Gunnar Wiedenfels says Discovery Global has several DTC apps in the works
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Scripps to Sell Fox Affiliate WFTX to Sun Broadcasting for $40 Million
The Southwest Florida deal does not require relief from any of the current rules governing television station ownership
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TKO Doubles Quarterly Cash Dividend
The move comes on the heels of the WWE and UFC’s domestic media rights renewals
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Disney to Pay $10 Million Fine to Settle FTC Complaint Over YouTube Videos That Collected Kids’ Data
The Walt Disney Company must adhere to COPPA rules going forward after collecting children’s personal data on incorrectly labeled, ad-targeted content
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Startup Behind Unauthorized AI ‘South Park’ Episodes Raises $50 Million From Amazon to Top Latest Fundings
In addition to venture activity, The Funding File this month tracks August M&A deals in media and entertainment
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Business
Available to WrapPRO members
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NFL Head Says Equity Stake in Paramount and ESPN Won’t Affect Distribution Deals
EVP Hans Schroeder says the league will balance the conflict “at an arm’s length”
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Peacock Premium Launches on Walmart+
Subscribers can switch between the streamer’s ad-supported plan and Paramount+ Essential every 90 days starting Sept. 15
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Fifth Season Adds ITV Studios’ David Wilcox as Europe, Middle East and Africa Sales SVP
The executive will lead sales for the studio’s content slate in the region and identify new opportunities across linear, digital and co-productions
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Amazon Consolidates Prime Video Exec Role Into Sports and Advertising, Creates New Role for AI Investments
VP of Sports and Advertising Jay Marine will add Prime Video business to his plate, while Albert Cheng will shift to an AI-focused role
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Ed Sullivan Theater’s Next Act: What Comes After Colbert’s Cancellation?
Paramount is reviewing its real estate portfolio as it looks to cut costs, and there’s at least one party interested in the property
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Business
Available to WrapPRO members
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Peacock Premium Plus to Launch on Prime Video for $16.99 Per Month
Prime Video subscribers will also be able to buy and rent films from Universal Home Entertainment, including “Jurassic World Rebirth” and “How to Train Your Dragon”
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YouTube TV, Fox Avoid Carriage Blackout With Short-Term Contract Extension
The two parties’ current contract was set to expire on Wednesday at 5 p.m. ET
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California Gives $256 Million in Tax Credits to 22 TV Productions, Including ‘The Studio’ Season 2
“The Comeback,” “Golf,” “Ballard,” “S.W.A.T. Exiles,” “NCIS: Origins” and “Presumed Innocent” are also among the recipients
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The CW Extends Pac-12 Deal Through 2030-31 Season
The broadcast partnership will see the network air 66 college conference sporting events across football, men’s basketball and women’s basketball per year
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Amazon Exceeds Internal Upfront Expectations, Touts ‘Significant Growth’ With Live Sports and Originals
Advertiser demand was driven by the NBA and Prime Video films and series such as “Fallout,” “Oh. What. Fun,” “Beast Games,” “Merv” and “Elle”
