Business
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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”
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YouTube Subscriptions Are Growing Faster Than Ad Revenue
Alphabet now has over 350 million paid subscriptions, led by YouTube and Google One
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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
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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
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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
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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
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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
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How Letterboxd Created a Haven for Unreleased Films
Four more films fighting for distribution are being added to the rental service Letterboxd Video Store
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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
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Streaming -
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
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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
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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
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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
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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
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Emma Stone-Chris Pine Rom-Com ‘The Catch’ Sets Summer 2027 Release at Universal
The new film is directed by Dave McCary














