Business
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Netflix Paid $587 Million in Cash for Ben Affleck’s AI Startup InterPositive
The figure was disclosed in a regulatory filing by the streamer on Friday
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Paramount-Warner Bros. Merger: Judge Will Rule on Temporary Restraining Order by Wednesday
State AGs argued the $110 billion deal would give the combined company more leverage over movie theaters and cable distributors, increase consumer prices and reduce content output
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Versant’s Been on a Quiet Buying Spree
The Ledger: The company has been busy in the M&A arena
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Business
Available to WrapPRO members
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Democrat Lawmakers Urge DOJ to ‘Closely Scrutinize’ Fox’s $22 Billion Roku Acquisition
Sen. Elizabeth Warren and Rep. Becca Balint also asked the agency to commit to a review that is “free from political interference and in an impartial fashion”
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Netflix Stock Extends Losses Another 8% on Weak Forecast, Shift to Fewer Engagement Updates
Despite posting second-quarter results in-line with Wall Street expectations, it was not enough to quell investors’ concerns about the company’s future growth
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Seth Meyers Scoffs at Pete Hegseth’s New Testosterone Screening Program: ‘Is Testosterone Gonna Fix the War?’
The NBC host jokes that Hegseth will next try to bring down gas prices by filling cars with testosterone too
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Netflix Viewership in 2026: What Works, What Doesn’t and Why Wall Street Is Skeptical
The streamer’s data dump reveals subscribers love animation and limited series — but those engagement concerns remain
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TV
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Trump Media to Sell Wall Street Early Access to Market-Moving Truth Social Posts
This data feed will give firms earlier access to the president’s policy decisions that influence stock and oil markets
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Judge Denies Preliminary Injunction in Paramount-Warner Bros. Consumer Lawsuit
Araceli Martínez-Olguín determined that plaintiffs failed to show irreparable harm or that their case would have a likelihood of success
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Paramount Calls the States’ Antitrust Case Against Warner Bros. Merger ‘One of the Weakest’ in Modern History
The David Ellison-led company says states’ challenge ignores the competitive media landscape and should not block the $110 billion WBD deal
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Netflix Shares Sink 8% as Execs Fend Off Wall Street’s Growth Concerns: ‘All Hours are Not Created Equal’
While second-quarter revenue increased, the streamer offered a tepid full-year forecast amid questions about audience engagement
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Business
Available to WrapPRO members
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Mary Jo ‘MJ’ Shannon, Kris Jenner’s Mom and Kardashian Matriarch, Dies at 91
“When I look at my kids and my grandkids, I will forever see pieces of you in all of us,” Jenner writes
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Paramount State AG Lawsuit Swaps Judges After ‘Appearance of Bias’ Request
The case is now under Judge Araceli Martínez-Olguín, who is overseeing a separate consumer lawsuit brought against the company
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Paramount Investors Sue David and Larry Ellison Over Alleged Trump Side Deal
The complaint alleges the Ellisons concealed promises to overhaul CNN to help secure approval of Paramount’s proposed WBD acquisition
