Business
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Roku Stock Plunges 17% on ‘Challenging’ Media and Entertainment Outlook for 2024
The streamer and hardware maker topped 80 million active accounts in 2023, up 14% year over year
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WrapPRO
Available to WrapPRO members
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Paramount Shares Drop About 7% After Warren Buffett’s Berkshire Hathaway Sells 1/3 of Stake
Prior to the sale, Buffett’s company owned approximately 15% of the entertainment giant
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Disney Promotes Debra OConnell to News Group and Networks President
The executive, who currently oversees ABC Owned Television Stations, will add ABC News to her purview
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Nelson Peltz Slams Disney’s Sports Streaming Joint Venture, $1.5 Billion Epic Games Stake
The activist investor argues that “throwing spaghetti at the wall” is not going to feed shareholders who have been “starved of returns for so long”
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FX Boss John Landgraf Explains How Peak TV Changed Consumer Expectations ‘Forever’
“You can’t unring that bell” the executive tells TheWrap of consumer expectations about TV quality and speed
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TV
Available to WrapPRO members
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Paramount Global to Lay Off 800 Amid Major Cost-Cutting Moves
Memo from CEO Bob Bakish outlines “streamlining costs” as company aims to return to profitability
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Amazon Prime Video Sued for Misleading Subscribers With New Ad Tier
The class action lawsuit filed Friday cites breach of contract and state consumer protection law violations
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Freeform Remains ‘Dedicated’ to Female YA Audience, Disney’s Craig Erwich Says
The executive touted a “full slate” for the network in 2024 despite no scripted series in the works
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Brent Magid Says Hollywood ‘Can’t Just Create From a Spreadsheet’ – but Consumer Data Is Still ‘Crucial’
Office With a View: Focusing on what audiences have already done is “only part of the picture,” the research executive tells TheWrap
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Office With a View
Available to WrapPRO members
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FX Boss Says Streaming Wars Are ‘Far From Over’ Despite Industry’s Licensing Pivot
“Competition creates quality,” John Landgraf told reporters during the Winter Television Critics Association press tour on Friday
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Onyx Collective Inks First-Look Deal With Manolo Caro and Woo Films
The “House of Flowers” creator and company cofounders Rafael Ley and Maria Jose Cordova will develop new projects for the Disney Entertainment TV brand
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Paramount Global’s Bob Bakish Hedges on Potential Sale: ‘There’s Extraordinary Value’
The CEO “won’t discuss speculation” on reports of bids for the company, but engages in his own on Taylor Swift making it to the Super Bowl
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Disney Testing AI That Matches ‘Mood’ of Programming to Ads
“Magic Words” is in beta testing with 10 major ad agencies
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Cable Group Calls for Justice Department to Review New Disney/Fox/WBD Sports App
ACA Connects, which represents small cable services, sees the plan as anticompetitive — but some local operators disagree
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AMC Networks CEO: Viewers Need Simplified TV Landscape
The scattered offerings now force viewers to create their own cable bundles, CEO Kristin Dolan said
