Business
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Mediapro Studio Taps Juan ‘JC’ Acosta as Head of US & Canada Operations
The production company expands its English-language production efforts with new headquarters in Los Angeles
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Prime Video Ups Women’s Sports Presence With AT&T Sponsorship Deal for WNBA, NWSL
The telecommunications giant will be lead sponsor on 21 women’s basketball games this season on the streamer
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With Disney+ Bundle, Max Is the First Streamer to Get Out of the ‘Everything for Everyone’ Game | Analysis
Analysts pressed Warner Bros. Discovery executives for more details on the new offering after WBD reported a $966 million Q1 loss
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Business
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AMC Networks Stock Falls Over 10% on Q1 Earnings Miss, Ad Revenue Drop
The company cited a “challenging ad market” for the decline despite the success of “The Walking Dead: The Ones Who Live”
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Jon Stewart Extends Comedy Central Partnership With New Weekly Podcast
“The Weekly Show,” launching in early June, will see “The Daily Show” host dive into the most critical topics across current events
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Disney Ad Boss Says Linear Is Still ‘Very Robust’ Business, Touts Multiyear Commitments for Sports
Rita Ferro tells TheWrap she expects “solid” performance during Upfronts due to the scale and reach of the entertainment giant’s streaming platforms
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WrapPRO
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Fox Corporation Taps Kathy Kelly-Brown to Lead Ad Sales Comms
The former NBCUniversal and Warner Bros. TV executive will report to the media giant’s ad sales president Jeff Collins
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NBA’s $76 Billion TV Rights Deal Is Setting the Future for Live Sports | Analysis
The battle between Disney, Amazon, WBD and Comcast is about more than just who’s watching the games. It’s about data and globalization
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WrapPRO
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Endeavor Swings to Net Loss of $303.5 Million in Q1
Executives will not hold an earnings call due to a pending take-private transaction with Silver Lake, which will close by the end of Q1 2025
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Business
Available to WrapPRO members
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Warner Bros. Discovery Narrows Q1 Net Loss 10% to $966 Million, but Studio Profit Drops 70%
The streaming segment posted $86 million in profit and added 2 million DTC subscribers for 99.6 million globally
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Business
Available to WrapPRO members
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AMC Theaters Q1 Revenue Flat Year-Over-Year Amid Weak Box Office
The theater chain reported $951 million in revenue and slashed its net losses by 72% to $163.5 million
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Movies
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News Corp. Q3 Net Income Falls 29% As News Media Advertising Revenue Declines
CEO Robert Thomson warns of rising tide of “AI-fueled falsehoods” in an “era of polarization”
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Media
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Wall Street Turns Its Back on Disney’s Streaming Profit Milestone | Analysis
The company turned a corner but Iger may be settling into a more conservative growth strategy
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Business
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Fox Corporation Ad Revenue Slips to $1.2 Billion, but Q3 Earnings Still Beat Wall Street Expectations
The company’s quarter suffered comparisons to a 2023 frame that included a Super Bowl boost and legal settlement costs in the Dominion case
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News
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New York Times Adds 210,000 Digital Subs, Total Revenue Rises to $594 Million
Digital subscription revenues ticked up 13% to $293 million
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Business
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