Business
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Elon Musk Defends Ketamine Use: From Investor Standpoint, ‘If There’s Something I’m Taking, I Should Keep Taking It’ | Video
The billionaire denied ever abusing the drug, saying that doing so would prevent him from being able to accomplish his work
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Hollywood Brawl Intensifies: Michael Kassan Plots New Venture as Insiders Weigh MediaLink’s Future Without Founder
As UTA and Kassan trade barbs in dueling lawsuits, media execs wonder what happens to MediaLink — and if he can launch a rival business
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WrapPRO
Available to WrapPRO members
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Disney Reveals $25 Billion Return on Investment for Marvel, Star Wars Franchises Amid Proxy Fight
The tentpoles have generated $13.2 billion and $11.6 billion in value, respectively, since their $4 billion acquisitions in 2009 and 2012
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FCC to Require Cable, Satellite Operators to Show ‘All-In’ Pricing on Bills, Promotions With No Hidden Fees
The new rules are part of the Biden administration’s efforts to reduce “junk fees”
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Pete Distad Named CEO of Fox, Disney, Warner Bros. Discovery Sports Streaming Joint Venture
The former Apple TV+ and Hulu executive will oversee all aspects of the partnership, including strategy, distribution, marketing and sales
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Allen Media Group, Charter Communications Strike Multi-Year Carriage Agreement
The renewal will extend the Spectrum owner’s carriage of The Weather Channel, TheGrio, Justice Central.TV, Pets.TV, Recipe.TV and Cars.TV
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Jeff Zucker’s Telegraph Buyout Likely Dead as UK Government Moves to Block Sale
Conservatives want to change law to prevent UK media from being sold to foreign governments; Zucker’s RedBird IMI is backed by Abu Dhabi’s crown prince
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Former Treasury Secretary Steve Mnuchin Eyes TikTok Purchase After House Vote
The one-time Goldman Sachs executive says he’s putting together investor group to scoop up the video app
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UTA vs. Michael Kassan: A $125 Million Deal With an Advertising Powerhouse Blows Up
Kassan claims UTA retaliated after he quit in March. The agency alleges he misspent millions on a “lavish personal lifestyle”
Available to WrapPRO members
WrapPROAvailable to WrapPRO members
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Gerald M. Levin, Time Warner CEO Who Oversaw AOL Merger Disaster, Dies at 84
Levin began his career as a programming executive for HBO in 1972
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Paramount Global Sells Viacom18 Stake to Reliance Industries for $517 Million
The media giant will continue to license content to the India-based company
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Trian Slams Disney’s ‘Scorched Earth’ Board Campaign as One ‘Calculated to Distract Shareholders’ From Studio Problems
The activist investor further accuses Disney of “manipulating its analysis of Trian’s contributions to portfolio companies” in a Wednesday memo
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Michael Kassan Accused of Using Millions of UTA Money for Private Jets, Chauffeur’s Rent, Luxury Gifts
The MediaLink power broker and UTA trade explosive lawsuits over his lavish expenses
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Over 15,000 Roku Accounts Compromised in Data Breach
Hackers gained access through login credentials obtained by third-party sources and in some cases tried to buy streaming subscriptions
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Scholastic Entertainment Invests $186 Million in 9 Story Media Group
The two companies are longtime collaborators on multiple animated series
