Business
-
Apple TV+ Head of Marketing Ricky Strauss Exits After 16 Months
The executive left Disney in 2021 to help lead the tech giant’s division covering original series and films
-
What Every Major Media Executive Got Paid in 2023
As Hollywood went on strike, top brass made nearly $642 million in total compensation, 16% more than in 2022, TheWrap’s yearly analysis shows
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Disney Shares Tumble 9% on Softer Q3 Outlook Despite Nearing Streaming Profitability
The House of Mouse warned its entertainment DTC business would swing to a third quarter loss after posting a $47 million profit
Available to WrapPRO members
Business
Available to WrapPRO members
-
Apollo CEO Marc Rowan Shrugs Off Regulatory Concerns Over Paramount Bid: ‘These Paths Are Well Trodden’
The private equity firm has made a joint, nonbinding $26 billion all cash offer with Sony Pictures Entertainment
-
Paramount Advertising Boss Says Bob Bakish Exit, M&A Uncertainty Is ‘Background’ Noise During Upfront Talks
“The reality is that from the point of view of our partners on the other side, a lot of consistency remains,” John Halley tells TheWrap
Available to WrapPRO members
Business
Available to WrapPRO members
-
Paramount Opens Talks With Sony and Apollo for Acquisition
The Paramount board’s special committee met over the weekend on the matter, after allowing an exclusive negotiating window with Skydance Media to lapse
-
James Cameron, Ari Emanuel Voice Support for Skydance’s Paramount Bid
The “Avatar” director believes it “could be a huge boon for this business” if David Ellison’s company buys the major studio
-
Warren Buffett Says Berkshire Hathaway Sold All of Its Paramount Stock: ‘We Lost Quite a Bit of Money’
“It was 100% my decision,” the CEO said during the company’s annual meeting on Saturday
-
Bob Bakish Gets $258K Per Month Through October, Pro-Rated Bonus in Paramount Exit Package
Bakish resigned as CEO earlier this week but will stay on as a senior advisor through Oct. 31
-
Paramount Lets Skydance Exclusivity Window Expire With No Deal
The move comes as Sony and Apollo have submitted a joint $26 billion all-cash offer
-
Paramount, Skydance Exclusive Talks Window Likely to Close Without a Deal, So What Happens Next?
The board’s special committee faces a tough choice: go through with an unpopular Skydance sale, explore Sony and Apollo’s $26 billion offer or go it alone
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Apple Revenues Slip 4% to $90.75 Billion on Weaker Device Sales
Net income also fell 2% to $23.64 billion despite the device maker scoring a 14% jump in Services revenues to a quarterly record
-
Paramount Shares Climb Over 13% as Sony, Apollo Make $26 Billion Offer
The non-binding expression of interest comes as exclusive discussions with David Ellison’s Skydance Media are set to expire on Friday
-
Sony Pictures Television Names Kate Gill as SVP of Comedy Development
The former Paramount TV Studios exec will oversee development for new comedy series across all platforms
-
Paramount Shareholder Asks for Court Order to Obtain Documents Tied to Skydance Merger Talks
The Employees’ Retirement System of Rhode Island is concerned Shari Redstone may be interfering with the board’s ability to find the best deal for shareholders