Business
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‘Lord of the Rings: Rings of Power’ Season 3 to Premiere in November
The tech giant also orders an adaptation of Elsie Silver’s “Rose Hill” and the Brett Goldstein-led romantic comedy “Escorted”
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Byron Allen Buys $120 Million Majority Stake in BuzzFeed, Will Become CEO
Founder Jonah Peretti will transition to a newly created role as President of BuzzFeed AI
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Andrew Morse Steps Down as Atlanta Journal-Constitution Publisher
Cox executive Paul Curran will replace him as president next month
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The Cannes Catapult: How the Glitzy Fest Fast-Tracks European Actors to Hollywood
Critic’s Take: From Javier Bardem to Renate Reinsve, the festival has a record of paving the way to the Oscars — and the American mainstream
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How the Streamers Stack Up in Subscribers, Revenue and Profits | Analysis
Warner Bros. Discovery joins Netflix and Disney in scrapping quarterly subscriber disclosures as Comcast execs say Peacock is “approaching” profitability next quarter
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Business
Available to WrapPRO members
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12 of the Buzziest Films for Sale at Cannes 2026
This year’s festival features new movies from Asghar Farhadi, Ira Sachs, Andy Garcia, Jordan Firstman and more
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FKA Twigs to Play Josephine Baker in Biopic Directed by Maïmouna Doucouré
Studiocanal will produce the biopic about the first Black woman to star in a major motion picture with sales launching at Cannes
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‘Mortal Kombat II’ and ‘Devil Wears Prada 2’ Duel for No. 1 at Summer Box Office
The New Line video game adaptation and the 20th Century legacyquel are set to make around $41 million this weekend
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TV Execs Say Streamers Are Just as Reliant on Producers to Stay in Business: ‘They’re Dependent on Us’ | Video
Production company and studio executives also discuss the right path to a TV show green light, Hollywood’s diversity crisis, AI and more in TheWrap’s first Trade Secrets roundtable
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TV
Available to WrapPRO members
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Paramount CEO David Ellison to Receive $150 Million in Cash and Stock Tied to Warner Bros. Merger Closing
Chief Strategy and Operating Officer Andy Gordon will receive $38 million in cash and stock awards, while Chief Legal Officer Makan Delrahim will receive $25 million
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CBS News to Cut Ties With ‘60 Minutes’ Correspondent Sharyn Alfonsi After Feud Over CECOT Segment | Report
The “Inside CECOT” journalist has hired heavyweight Hollywood lawyer Bryan Freedman
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Sony Reports 8% Rise in Revenue to $19.4 Billion
The latest earnings report comes after the entertainment division laid off hundreds as it aligns around top moneymakers like Playstation
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Business
Available to WrapPRO members
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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
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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
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Business
Available to WrapPRO members