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Industry News

Business

  • Amazon Braces for AI to ‘Radically Change’ Internal Operations After Laying Off 16,000 Workers

    CFO Brian Olsavsky also boasts Prime Video has grown into a “larger and profitable business in its own right”

    By

    Lucas Manfredi and Loree Seitz
    April 29, 2026 @ 1:20 PM

    Pro Available to WrapPRO members

    Business
    1:20 PM
    Amazon Braces for AI to ‘Radically Change’ Internal Operations After Laying Off 16,000 Workers

    Pro Available to WrapPRO members

  • YouTube Subscriptions Are Growing Faster Than Ad Revenue

    Alphabet now has over 350 million paid subscriptions, led by YouTube and Google One

    By

    Kayla Cobb
    April 29, 2026 @ 1:15 PM

    Pro Available to WrapPRO members

    Business
    1:15 PM
    YouTube Subscriptions Are Growing Faster Than Ad Revenue

    Pro Available to WrapPRO members

  • Meta Needs to Play Catch-Up With Creators. It’s Betting on a Boost From AI

    The tech giant is rolling out affiliate partnerships for creators on Facebook, allowing creators to earn a commission on product links years after competitors

    By

    Tess Patton
    April 29, 2026 @ 1:15 PM

    Pro Available to WrapPRO members

    Business
    1:15 PM
    Meta Needs to Play Catch-Up With Creators. It’s Betting on a Boost From AI

    Pro Available to WrapPRO members

  • National Association of Broadcasters Lambasts FCC’s Move Against ABC Amid Kimmel Trump Controversy

    “Broadcast stations already face intense challenges as they work to deliver trusted journalism, lifesaving emergency services, community programming and election coverage,” the advocacy group says

    By

    Jacob Bryant
    April 29, 2026 @ 11:18 AM
    TV
    11:18 AM
    National Association of Broadcasters Lambasts FCC’s Move Against ABC Amid Kimmel Trump Controversy
  • Universal Music Group to Sell Half of Its Spotify Stake, Increase Share Buybacks

    The moves come after Bill Ackman’s Pershing Square submitted a $64.4 billion takeover bid for the company

    By

    Lucas Manfredi
    April 29, 2026 @ 9:54 AM
    Business
    9:54 AM
    Universal Music Group to Sell Half of Its Spotify Stake, Increase Share Buybacks
  • Ted Cruz Slams FCC’s Action Against ABC Amid Kimmel Controversy: ‘Not Government’s Job to Censor Speech’

    The Texas Senator’s comments come as the agency has requested that Disney file for an early license renewal of ABC’s eight local broadcast stations

    By

    Lucas Manfredi
    April 29, 2026 @ 8:09 AM
    Business
    8:09 AM
    Ted Cruz Slams FCC’s Action Against ABC Amid Kimmel Controversy: ‘Not Government’s Job to Censor Speech’
  • Seth Meyers Hesitates to Start Next Joke in Monologue Just to Look at Photo of Trump’s Hand Longer | Video

    “Sorry, I just know when I start the next joke, the picture changes,” the NBC host says

    By

    Andi Ortiz
    April 29, 2026 @ 6:41 AM
    Business
    6:41 AM
    Seth Meyers Hesitates to Start Next Joke in Monologue Just to Look at Photo of Trump’s Hand Longer | Video
  • How Letterboxd Created a Haven for Unreleased Films

    Four more films fighting for distribution are being added to the rental service Letterboxd Video Store

    By

    Casey Loving
    April 29, 2026 @ 6:15 AM

    Pro Available to WrapPRO members

    Movies
    6:15 AM
    How Letterboxd Created a Haven for Unreleased Films

    Pro Available to WrapPRO members

  • Peacock in a Pickle: As the Streamer Lags Behind, What Happens Next? | Analysis

    Experts tell TheWrap the NBCUniversal-owned streamer needs to take bigger swings to differentiate itself

    By

    Lucas Manfredi
    April 29, 2026 @ 6:00 AM

    Pro Available to WrapPRO members

    Streaming
    6:00 AM
    Peacock in a Pickle: As the Streamer Lags Behind, What Happens Next? | Analysis

    Pro Available to WrapPRO members

  • David Ellison Attends Trump-Hosted State Dinner for King Charles III

    The Paramount Skydance CEO’s presence at the White House event comes a day after his company asked the FCC to approve Middle East investment in the Warner Bros. merger

    By

    Alyssa Ray
    April 28, 2026 @ 6:41 PM
    Deals & M&A
    6:41 PM
    David Ellison Attends Trump-Hosted State Dinner for King Charles III
  • Los Angeles Production Is Up 10% From Fall 2025, Stemming Tide Against Local Flight

    The 5,121 shoot days recorded in the first quarter of 2026 is still 3.3% down year-over-year, according to FilmLA

    By

    Jeremy Fuster
    April 28, 2026 @ 12:00 PM
    Movies
    12:00 PM
    Los Angeles Production Is Up 10% From Fall 2025, Stemming Tide Against Local Flight
  • Barry Diller’s IAC to Cut Staff, Rebrand to People Incorporated

    The company’s layoffs, technology integration and other cost savings measures will be completed by the first quarter of 2027

    By

    Lucas Manfredi
    April 28, 2026 @ 6:16 AM
    Business
    6:16 AM
    Barry Diller’s IAC to Cut Staff, Rebrand to People Incorporated
  • Spotify Shares Sink 13.5% as Weaker Outlook Overshadows Premium Subscriber Growth

    The music streaming giant reaches a total of 293 million premium subscribers and 761 million monthly active users

    By

    Lucas Manfredi
    April 28, 2026 @ 5:06 AM

    Pro Available to WrapPRO members

    Business
    5:06 AM
    Spotify Shares Sink 13.5% as Weaker Outlook Overshadows Premium Subscriber Growth

    Pro Available to WrapPRO members

  • Top Execs Will Reveal How to Get a TV Green Light in TheWrap Roundtable

    The panel features top executives and producers, including Hannah Pillemer, Howard T. Owens and Lauren Neustadter, among others

    By

    TheWrap Staff
    April 27, 2026 @ 3:30 PM
    Business
    3:30 PM
    Top Execs Will Reveal How to Get a TV Green Light in TheWrap Roundtable
  • Emma Stone-Chris Pine Rom-Com ‘The Catch’ Sets Summer 2027 Release at Universal

    The new film is directed by Dave McCary

    By

    Jeremy Fuster
    April 27, 2026 @ 3:01 PM
    Business
    3:01 PM
    Emma Stone-Chris Pine Rom-Com ‘The Catch’ Sets Summer 2027 Release at Universal
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