Business
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Versant Says MS NOW Isn’t Seeing the “Viewer Fatigue” Facing Fox News
Versant’s Mark Lazarus points to audience gains a day after Fox CEO Lachlan Murdoch blamed declining viewership on fatigue
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Business
Available to WrapPRO members
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Disney Eyes Thousands of Layoffs in Push for 20% Cost Cuts
The update comes less than a week after the theme parks division eliminated at least 100 jobs
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Apple Services Hit All-Time High of Over $31 Billion as Subscriptions Top 1.5 Billion
The tech conglomerate beat Wall Street expectations with revenue hitting $114.48 billion
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Business
Available to WrapPRO members
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Roku Q3 Profit, Revenue Soar on Higher Media & Entertainment Ad Spending, Subscription Growth
Shares of the company, which is awaiting acquisition by Fox, were flat in after-hours trading despite the better-than-expected results
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Business
Available to WrapPRO members
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Netflix Taps Google’s Darshan Kantak as Ads Platform VP
He will oversee the ad product, engineering and data & insights teams to develop strategic initiatives for the streamer globally
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‘Love on the Spectrum’ Star Tanner Smith Signs With WME | Exclusive
The reality star plans to expand his television presence with his own kids’ shows and continued creator brand partnerships
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Gavin Newsom Proposes Expanding California’s Film and TV Tax Credit Program to at Least $1 Billion
He is also urging Congress to pass the Motion Picture, Television and Entertainment Revitalization Act (MPTERA) by the end of the year
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Can Skydance Escape Its $80 Billion Debt Burden?
Experts who spoke to TheWrap are skeptical the David Ellison-led media giant can hit its financial targets without additional action, such as more cost cuts, raising equity or asset sales
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Business
Available to WrapPRO members
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Fox CEO Blames Fox News Ratings Drop on ‘Viewer Fatigue’
The company’s revenue was a record $4.57 billion during the first quarter of fiscal year 2027
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Business
Available to WrapPRO members
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Bob Iger, Josh Kushner Seek Lakers Investors Starting at $250 Million as Deal Moves Forward
New reporting challenges claims of a multibillion-dollar financing shortfall
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Earnings Season Has an M&A Elephant in the Room
In this week’s The Ledger, analyst Doug Creutz explains how media M&A is shifting from deal-making to deal-doing
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Business
Available to WrapPRO members
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Reese Witherspoon’s Hello Sunshine Cuts 50% of Staff After She Buys Back Company
The company lays off about 30 employees as they prioritize film, television and Reese’s Book Club
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Skydance Finalizes Comms Team With Many Warner Bros. Execs Leaving
Laura Watson, Shannon Buck, Virginia Fout and Deborah Marcus take on leadership roles under CCO Melissa Zukerman
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Paramount+ Taps Former Netflix Exec Damla Dogan as Head of Unscripted
She’s been consulting at the streamer for the past nine months and will report to Sarah Aubrey
