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Business

  • Sony Pictures Won’t Make Investments That ‘Don’t Complement’ Current Strategy Amid Paramount Talks

    “Our strategy is to have more IP, more product, more library to sell,” CEO Tony Vinciquerra told analysts during the company’s 2024 business segment meeting

    By

    Lucas Manfredi
    May 30, 2024 @ 10:28 AM
    Business
    10:28 AM
    Sony Pictures Won’t Make Investments That ‘Don’t Complement’ Current Strategy Amid Paramount Talks
  • Brian Weinstein Joins 3 Arts Entertainment as Co-CEO

    The Bad Robot executive has also been named senior advisor to Lionsgate’s Office of the CEO

    By

    Lucas Manfredi
    May 30, 2024 @ 9:46 AM
    Business
    9:46 AM
    Brian Weinstein Joins 3 Arts Entertainment as Co-CEO
  • Amazon MGM Studios Ups Lauren Anderson to Head of Brand and Content Innovation

    A partnerships overhaul sees Christel Miller leading the new Scripted Hybrid team, the creation of a Branded & Talk group and more

    By

    Loree Seitz
    May 29, 2024 @ 11:57 AM
    TV
    11:57 AM
    Amazon MGM Studios Ups Lauren Anderson to Head of Brand and Content Innovation
  • How the Major Streamers Stack Up in Subscribers and Revenue | Charts

    Starting in the first quarter of 2025, Netflix will no longer disclose quarterly subscriber figures or average revenue per paid member

    By

    Lucas Manfredi
    May 28, 2024 @ 6:15 AM

    Pro Available to WrapPRO members

    WrapPRO
    6:15 AM
    How the Major Streamers Stack Up in Subscribers and Revenue | Charts

    Pro Available to WrapPRO members

  • Netflix CEO Ted Sarandos Regrets Comparing Netflix to HBO, Wishes He’d Said They Also Want to Be CBS

    “Prestige elite programming plays a very important role in culture. But it’s very small. It’s a boutique business,” he tells the New York Times

    By

    Stephanie Kaloi
    May 26, 2024 @ 1:07 PM
    TV
    1:07 PM
    Netflix CEO Ted Sarandos Regrets Comparing Netflix to HBO, Wishes He’d Said They Also Want to Be CBS
  • Andrea Arnold’s ‘Bird’ Acquired by Mubi Out of Cannes

    The distributor adds North American rights for the Barry Keoghan and Franz Rogowski to prior U.K. and Ireland acquisition

    By

    Mike Roe
    May 26, 2024 @ 9:45 AM
    Movies
    9:45 AM
    Andrea Arnold’s ‘Bird’ Acquired by Mubi Out of Cannes
  • How Shein and Temu Snuck Up on Amazon

    The Chinese-owned platforms represent the biggest threat to its e-commerce empire in recent memory.

    By

    Louise Matsakis
    May 24, 2024 @ 12:30 PM

    Pro Available to WrapPRO members

    Business
    12:30 PM
    How Shein and Temu Snuck Up on Amazon

    Pro Available to WrapPRO members

  • Industry Scrambles for Influence in Washington as Lawmakers Weigh AI Restrictions

    Entertainment companies and creatives are ramping up lobbying to become part of the conversation to craft national legislation.

    By

    Esther D'Amico
    May 24, 2024 @ 6:00 AM

    Pro Available to WrapPRO members

    WrapPRO
    6:00 AM
    Industry Scrambles for Influence in Washington as Lawmakers Weigh AI Restrictions

    Pro Available to WrapPRO members

  • Lionsgate Slashes Fiscal Q4 Loss to $39.5 Million on Boost in TV Production in First Post-Spinoff Earnings

    The media company spun off its TV and film studios from Starz as a separately traded entity earlier this month

    By

    Jeremy Fuster
    May 23, 2024 @ 2:05 PM

    Pro Available to WrapPRO members

    News
    2:05 PM
    Lionsgate Slashes Fiscal Q4 Loss to $39.5 Million on Boost in TV Production in First Post-Spinoff Earnings

    Pro Available to WrapPRO members

  • Live Nation Faces Antitrust DOJ Lawsuit in Latest Move to Limit Concert Ticket Dominance

    The suit is expected to come out of the Southern District of New York as soon as Thursday, Bloomberg and The Washington Post report

    By

    Sharon Knolle
    May 22, 2024 @ 5:32 PM
    Business
    5:32 PM
    Live Nation Faces Antitrust DOJ Lawsuit in Latest Move to Limit Concert Ticket Dominance
  • TNT Sports Strikes Licensing Deal for Select College Football Playoff Games With ESPN

    The network will present two first-round games in the 2024-25 seasons before adding two quarterfinal games starting in 2026

    By

    Lucas Manfredi
    May 22, 2024 @ 2:17 PM
    TV
    2:17 PM
    TNT Sports Strikes Licensing Deal for Select College Football Playoff Games With ESPN
  • Risa Heller Communications Taps Former Netflix Exec Erika Masonhall to Lead New Los Angeles Office

    The firm’s West Coast expansion aims to better position itself to advise entertainment executives, studios and showrunners

    By

    Lucas Manfredi
    May 22, 2024 @ 1:00 PM
    Business
    1:00 PM
    Risa Heller Communications Taps Former Netflix Exec Erika Masonhall to Lead New Los Angeles Office
  • Warner Bros. Discovery CFO Isn’t Sure Bundling Is ‘Endgame’ for Streaming, But ‘It’s Going to Play a Very Important Role’

    Gunnar Wiedenfels’ comments come as Max is set to launch a bundle with Disney+ and Hulu this summer

    By

    Lucas Manfredi
    May 22, 2024 @ 11:13 AM
    Streaming
    11:13 AM
    Warner Bros. Discovery CFO Isn’t Sure Bundling Is ‘Endgame’ for Streaming, But ‘It’s Going to Play a Very Important Role’
  • With Live Sports and Ad-Tier Flip-Flops, Netflix Shows Never Say ‘Never’ | Commentary

    The streaming giant has shown it is not afraid to do a 180, and that unapologetic flexibility has served it well

    By

    Peter Csathy
    May 22, 2024 @ 6:15 AM
    WrapPRO
    6:15 AM
    With Live Sports and Ad-Tier Flip-Flops, Netflix Shows Never Say ‘Never’ | Commentary
  • Kelly Garrett, Kate Redinger to Oversee Scripted Series in Hallmark Media Programming Division Restructuring

    Jessica Callahan, Jennifer Kramer and Camden Simmons will lead holiday content and the DaySpring and Mahogany franchises  

    By

    Lucas Manfredi
    May 21, 2024 @ 12:30 PM
    Business
    12:30 PM
    Kelly Garrett, Kate Redinger to Oversee Scripted Series in Hallmark Media Programming Division Restructuring
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