Business
-
Reddit Debuts on New York Stock Exchange, Prices IPO at $34 Per Share
The social media company kicked off its long-awaited public offering at the top of the expected range
-
Nelson Peltz Backed by Over a Dozen Current, Former Public Company Directors in Disney Proxy Fight
“Rather than stifle dissent, Nelson often catalyzed robust, productive discussions that helped move our companies forward,” a letter from the directors states
-
Disney Proxy Fight: Institutional Shareholder Services Backs Nelson Peltz for Board
The shareholder advisory service did not back other activist nominees but said Peltz would help focus hunt for successor to CEO Bob Iger
-
Apollo’s $11 Billion Bid for Paramount Ignites Bidding War | Analysis
The offer may be too good to ignore for majority owner Shari Redstone, analysts say
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Paramount Shares Jump 12% Following $11 Billion Apollo Bid
The media conglomerate’s market cap also rose to $8.6 billion
-
UFC Owner Reaches $335 Million Antitrust Settlement With Fighters
The company, part of Endeavor’s TKO Group, has been fighting class action lawsuits from its talent for the past decade
-
Spotify and Penny Per Stream Royalties: Is the Cure Worse for Artists Than the Disease?
Steve Jobs created the music industry’s long-standing basic economics. Now Congress’ new proposed bill may actually hurt, not help, artists
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
CAA Lays Off About 20 Staffers Across Multiple Departments
This change in staff comes after 60 employees were let go from the agency last August
-
ESPN Scores 6-Year, $7.8 Billion Media Rights Extension for College Football Playoff
The agreement locks in the CFP’s exclusive home through the 2031-2032 season
-
Paramount+ to Launch $6.99 Per Month Ad-Supported Tier in Canada, Australia
The streamer will also expand the rollout of its premium plan across Europe
-
NBCUniversal Media Group Promotes David Pietrycha to Chief Business Officer
The executive will work closely with division leadership on investment decisions, including content rights, strategic partnerships and M&A
-
Spotify Payouts to Artists Top $9 Billion for 2023 – Another New Record
More than 78,850 artists got a check, with 1,250 getting $1 million or more
-
TikTok Ban Could Create Financial Windfall for Meta, Alphabet and Snap | Analysis
Wall Street analysts say the tech giants could get a split of billions in revenue
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
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
-
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
Available to WrapPRO members
WrapPRO
Available to WrapPRO members