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Thursday Paris Olympic Coverage Hits 32 Million Viewers as Simone Biles and Suni Lee Take the Podium
U.S. victories in gymnastics, swimming and rowing saw a 50% uptick in viewership compared to the Tokyo Games
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WrapPRO
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August Box Office Will Cool Off, but Don’t Expect Another Slump
No megahits lie ahead, but the sheer quantity of films in the final weeks of summer, including “Alien: Romulus,” should sustain theaters
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Movies
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AMC Suffers $32 Million Loss Amid Q2 Box Office Slump
Revenue falls 23% year-over-year to $1.03 billion, but “Inside Out 2” provides late-quarter surge for theater chain
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Business
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This Professor Has a Path Toward Human-Level AI. It Isn’t LLMs. | Commentary
Language models powering bots like ChatGPT cannot conceive the physical world. Will the next leap come from teaching AI sensory common sense?
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AI
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‘House of the Dragon’ Reclaims the Throne on Streaming Top 10 | Charts
HBO’s “Game of Thrones” prequel retakes the No. 1 spot ahead of the Season 2 finale
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WrapPRO
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An Assistant Director Says: ‘There Are 100s of Us Sitting at Home’ as Production Shrinks
Holding on in Hollywood, a Wrap Series: Paul Lindsay, assistant director and DGA member
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Labor
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Cinemark Q2 Profits Drop 62% to $45.8 Million, but ‘Inside Out 2’ Helps Avoid a Loss
The Texas-based multinational chain weathered a poor box office in April and May
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Business
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Apple Reports Record Q3 Revenue of $85.8 Billion, With AI Expansion on the Horizon
The tech giant’s Services net sales, which includes Apple TV+ and Apple Music, rose 14% year-over-year to $24.2 billion
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Business
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Amazon Doubles Q2 Net Income to $13.49 Billion on Strength of Amazon Web Services
Net sales for Amazon’s subscriptions clocked in at $10.87 billion, a 10% increase year over year
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July 4th Week Breaks Nielsen Streaming Records With 313 Billion Viewing Minutes, Led by ‘Beverly Hills Cop: Axel F’
“Suits,” “House of the Dragon,” “Your Honor” and “The Bear” saw boosts during the holiday week
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Ratings
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Consolidation and Streaming Are Making Hollywood Back-End Deals Less Transparent Than Ever
The industry’s increasing vertical integration makes keeping track of fair market value “more important than ever,” experts tell TheWrap
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Simone Biles, US Women’s Gymnastics Final Boosts Olympic Viewership to 35 Million
Tuesday’s events on Peacock and NBC nearly doubled the audience of the Tokyo Games’ first Tuesday of competition
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TV
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‘Deadpool & Wolverine’ Dominates Consumer Excitement in 2024 (So Far) | Chart
ScreenShare: A data partnership between ScreenEngine/ASI & TheWrap
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WrapPRO
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Meta’s Push Into AI Development Shows Promise With 73% Surge in Net Income
The tech giant beat Q2 estimates, reporting revenue of $39.1 billion, up 22% from 2023
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AI
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Starz’s Adult-Only Focus Holds Network Steady as Hollywood Contracts, Programming President Says
Kathryn Busby also tells TheWrap about entering the talk series space with Fat Joe, canceling its comedy shows and the future of the “Power” and “Outlander” franchises
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TV
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