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Endeavor Looks to Sell OpenBet, IMG Arena Ahead of Silver Lake’s Take-Private Deal
The company reported a net loss of $253.8 million and revenue of $1.75 billion in its second quarter of 2024
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Disney vs. Warner Bros. Discovery: A Tale of 2 Earnings | Analysis
WBD’s $10 billion net loss shocked Wall Street while Disney turned a corner on streaming profitability ahead of schedule
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WrapPRO
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Black O&O Cable Channel TV One Isn’t Straying From Its 20-Year Mission to Be ‘for Us by Us,’ President Says
Office With a View: Michelle L. Rice shares the importance of Black ownership in media and how TV One is a “pipeline” for upstart talent
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TV
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Warner Bros. Discovery Q2 Net Loss Widens to $9.99 Billion as Company Records $11.2 Billion in Impairment, Restructuring Charges
The media giant topped 103 million direct-to-consumer subscribers, but the DTC segment posted a $107 million loss for the quarter
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Business
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‘Deadpool & Wolverine’ Tops Consumer Excitement List for 5th Consecutive Week | Chart
ScreenShare: A data partnership between ScreenEngine/ASI & TheWrap
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How Amazon Created Its Brand New Interface for Prime Video
Prime Video’s VP of design Kam Keshmiri tells TheWrap the update helps users find movies and TV shows faster, and shares how generative AI helps with content curation
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Animation Anger: Hollywood Artists Face Multifaceted Crisis as Contract Talks Near
The animators producing successes like “Inside Out 2” are facing mass layoffs and overseas outsourcing as Hollywood slashes production costs
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Labor
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The New York Times Adds 300,000 Digital Subs in Q2 as Total Revenues Rise 6% to $625 Million
Digital subscription revenues climbed 13% year-over-year to $304.5 million on strength of bundle and multi-product additions
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Business
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Disney Swings to First-Ever Combined Streaming Profit of $47 Million in Q3
The House of Mouse expects streaming profitability to further improve in Q4 after it added 200,000 Disney+ subs for a total of 153.8 million
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Paris Olympics Streaming Hits 17 Billion Minutes, Tops Viewing for All Prior Games Combined
Led by Peacock, streaming viewership is now nearly four times that of the Tokyo Olympics
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TV
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‘SpongeBob’ Sandy Spin-Off Movie Debuts as Netflix’s Most-Watched Title of the Week With 12.8 Million Views
“A Good Girl’s Guide to Murder” and Joe Rogan’s stand-up special ranked within the streamer’s top 10 TV shows in their opening weekends
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WWE Sets First NXT Live Shows on The CW, Touts 20% Ratings Increase
The pro wrestling developmental league will bring special guest CM Punk to its midwest debut show on the broadcast network
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Will Warner Bros. Discovery’s NBA Suit Save Face or Create New Headaches?
Litigation may “irreparably” damage its relationship with the league, despite billions in lost revenue, analysts say
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Fox Corporation Net Income Slips to $320 Million as Company Reports Mixed Q4 Results
The media company saw revenue of $3.09 billion, an increase of 2% compared to 2023, just missing Wall Street estimates
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News
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Is the Max/Hulu/Disney+ Mega-Bundle Overpriced? | Chart
The newly-launched bundle brings competitors together for the biggest library in streaming, but other services have it beat on value
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