Business
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Netflix Stock Downgraded Over ‘Worrying’ Engagement and YouTube Competition by HSBC, Wells Fargo
Shares of the streamer are down 40% in the past year and 23% in the past six months
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Pluto TV Expands On-Demand Library, Upgrades Product Experience
The redesign marks the company’s largest technology investment since its founding 12 years ago
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Paramount-Warner Bros. Considers Asking Elon Musk for Equity Investment | Report
Musk has a close relationship with Oracle co-founder Larry Ellison, who has personally guaranteed the merger’s $47 billion in equity financing
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Disney+ and Hulu Raise Prices Again, Ad-Free Plans Top $21 Per Month
The ad-supported versions climb to $12.49 per month, while the Disney+/Hulu Premium bundle rises to $21.99 per month
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Paramount-Warner Bros. Closes in 2 Weeks: What Does That Mean for Creatives? | Analysis
While David Ellison says the combination will create jobs, Hollywood is bracing for layoffs
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Deals & M&A
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Paramount, Bonta to Hammer Final Settlement Details on Thursday
The judge, who hasn’t signed off on the settlement, will address outstanding questions on the consent decree
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Paramount Merger Protesters Rally Outside Studio Lot, Rage at Rob Bonta: ‘I Feel Duped’
“I am so disappointed and pissed off with these people who are playing with us like chess pieces,” actress Frances Fisher says at Tuesday’s Block the Merger event
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Robert Eggers to Tackle ‘Romeo & Juliet’ as Next Film, Focus Wins Project in Bidding War
A24, Sony and Warner Bros. also bid on the package
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Why Rob Bonta Caved on the Paramount Settlement | Analysis
The California Attorney General had been saying for weeks that he was seeking to stop the merger. But that became impossible once Paramount threatened to leave the state
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Business
Available to WrapPRO members
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Disney Expands Roles for Cathleen Taff and Lisa Baldzicki in Consumer Products Shakeup
Consumer Products is shifting to Disney’s Entertainment division in the move, while the Parks merchandise team will remain under the Experiences umbrella
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Lily-Rose Depp to Star in Playboy Mansion Drama ‘Playmates’ at Searchlight
Bill Pullman is attached to play Hugh Hefner in Lorraine Nicholson’s feature debut
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UT Austin Names Cary Granat Dean of Moody College of Communication
The co-founder and former CEO of Walden Media will start Sept. 28
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Xbox Lays Off Another 268 Employees, Assigns Activision to Next ‘Halo’ Game
The latest cuts bring the Microsoft division to the roughly three-quarter mark of its ongoing restructuring initiative
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Hollywood Reacts to the Paramount Merger Settlement: ‘Layoffs Will Follow’
“Gavin Newsom hands huge win to Trump and his billionaire cronies,” Mark Ruffalo says
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David Ellison Says Paramount Headquarters Won’t Leave LA: ‘We Aren’t Going Anywhere’
The executive assures in a follow-up statement to Monday’s settlement news that he’s “eager to get to work building a stronger Hollywood”
