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Industry News

Business

  • Sony Reports 8% Rise in Revenue to $19.4 Billion

    By

    Jeremy Fuster
    May 7, 2026 @ 9:08 PM

    Pro Available to WrapPRO members

    Business
    9:08 PM
    Sony Reports 8% Rise in Revenue to $19.4 Billion

    Pro Available to WrapPRO members

  • News Corp. Negotiating More AI Deals as It Touts Content Value: ‘IP Powers AI’

    The company saw its revenue grow 9% during its third fiscal quarter boosted by its Dow Jones, real estate services and book publishing divisions

    By

    Corbin Bolies
    May 7, 2026 @ 1:29 PM
    Business
    1:29 PM
    News Corp. Negotiating More AI Deals as It Touts Content Value: ‘IP Powers AI’
  • Starz Positioned for ‘Financial Inflection Point’ in 2026 After Exit From Universal Film Output Deal

    A year after its spinoff from Lionsgate, CEO Jeff Hirsch says the company is “structurally stronger” and moved up its timeline for reaching a 20% margin to the back half of 2027

    By

    Lucas Manfredi
    May 7, 2026 @ 1:12 PM

    Pro Available to WrapPRO members

    Business
    1:12 PM
    Starz Positioned for ‘Financial Inflection Point’ in 2026 After Exit From Universal Film Output Deal

    Pro Available to WrapPRO members

  • IATSE Goes On Strike Against Live-Action ‘CoComelon: The Melon Patch’ YouTube Series

    The union accuses the show’s producers of refusing to provide crew members fair wages and benefits

    By

    Alex Welch
    May 7, 2026 @ 10:31 AM
    Labor & Unions
    10:31 AM
    IATSE Goes On Strike Against Live-Action ‘CoComelon: The Melon Patch’ YouTube Series
  • NBCUniversal’s Mark Marshall on Madison Avenue’s ‘Very Strong’ Demand for Live Events

    Office With a View: The ad chief also explains how the Nielsen Gauge has “confused the marketplace” and predicts Paramount-WBD won’t dramatically shift upfront ad dollars

    By

    Lucas Manfredi
    May 7, 2026 @ 10:30 AM

    Pro Available to WrapPRO members

    Business
    10:30 AM
    NBCUniversal’s Mark Marshall on Madison Avenue’s ‘Very Strong’ Demand for Live Events

    Pro Available to WrapPRO members

  • Studiocanal Lands Option for ‘The Divorce’ From ‘The Housemaid’ Author Freida McFadden

    The French studio will collaborate with Working Title on an adaptation of the upcoming novel, which will be released May 26

    By

    Jeremy Fuster
    May 7, 2026 @ 10:15 AM
    Business
    10:15 AM
    Studiocanal Lands Option for ‘The Divorce’ From ‘The Housemaid’ Author Freida McFadden
  • Paramount Signs Film Deal for Potential Biopics With Warner Music Group

    The studio will get access to a catalog that includes David Bowie, Cher and Dua Lipa

    By

    Jeremy Fuster
    May 7, 2026 @ 10:00 AM
    Movies
    10:00 AM
    Paramount Signs Film Deal for Potential Biopics With Warner Music Group
  • Nexstar Skips Long-Term Earnings Forecast With Tegna Deal in Legal Limbo After DirecTV, State AG Challenge

    “We believe this is a fight worth having for us, for our industry and for the future of local journalism,” CEO Perry Sook told analysts

    By

    Lucas Manfredi
    May 7, 2026 @ 8:49 AM

    Pro Available to WrapPRO members

    Business
    8:49 AM
    Nexstar Skips Long-Term Earnings Forecast With Tegna Deal in Legal Limbo After DirecTV, State AG Challenge

    Pro Available to WrapPRO members

  • Telemundo Unveils 2026-2027 Upfront Slate Led by FIFA World Cup

    The network will deliver more than 180 hours of original scripted content, expand into film and present all 104 World Cup matches live

    By

    Jose Alejandro Bastidas
    May 7, 2026 @ 6:00 AM
    TV
    6:00 AM
    Telemundo Unveils 2026-2027 Upfront Slate Led by FIFA World Cup
  • Spencer Pratt Blames Karen Bass, Nithya Raman for LA Film Exodus in First Mayoral Debate: ‘Why There’s No Hollywood’ | Video

    The leading mayoral candidates detailed how they would support the entertainment industry at the NBC4 debate

    By

    Tess Patton
    May 6, 2026 @ 6:13 PM
    Politics
    6:13 PM
    Spencer Pratt Blames Karen Bass, Nithya Raman for LA Film Exodus in First Mayoral Debate: ‘Why There’s No Hollywood’ | Video
  • State AGs Send Paramount Subpoenas in Warner Bros. Merger Investigation

    The civil investigative demands focus on the Department of Justice’s review of the $110 billion deal and the merger’s “competitive effects”

    By

    Lucas Manfredi
    May 6, 2026 @ 4:08 PM
    Business
    4:08 PM
    State AGs Send Paramount Subpoenas in Warner Bros. Merger Investigation
  • Mubi Acquires Worldwide Rights to Sundance Doc ‘Nuisance Bear’

    The film won the U.S. Documentary Grand Jury Prize at this year’s festival

    By

    Umberto Gonzalez
    May 6, 2026 @ 2:03 PM
    Movies
    2:03 PM
    Mubi Acquires Worldwide Rights to Sundance Doc ‘Nuisance Bear’
  • HBO Max’s Momentum Sets Up Paramount+ Nicely as Merger Inches Closer

    The streaming division saw profits rise 29% as subscribers surpassed 140 million

    By

    Lucas Manfredi
    May 6, 2026 @ 1:07 PM

    Pro Available to WrapPRO members

    Business
    1:07 PM
    HBO Max’s Momentum Sets Up Paramount+ Nicely as Merger Inches Closer

    Pro Available to WrapPRO members

  • Fubo Hits 5.7 Million Combined Subscribers in Q2 as Hulu + Live TV, Disney Integration Progresses

    But shares fell over 10% after the company unveiled plans for a reverse stock split

    By

    Lucas Manfredi
    May 6, 2026 @ 10:14 AM

    Pro Available to WrapPRO members

    Business
    10:14 AM
    Fubo Hits 5.7 Million Combined Subscribers in Q2 as Hulu + Live TV, Disney Integration Progresses

    Pro Available to WrapPRO members

  • Ted Turner Remembered by Rupert Murdoch, David Zaslav, Donald Trump and More: ‘One of the Greats of All Time’

    “He did not just disrupt media. He transformed it,” Zaslav says of the CNN founder and cable TV titan

    By

    Lucas Manfredi
    May 6, 2026 @ 8:08 AM
    Business
    8:08 AM
    Ted Turner Remembered by Rupert Murdoch, David Zaslav, Donald Trump and More: ‘One of the Greats of All Time’
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