Business
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Disney Sells 50% Stake in A+E Media to Hearst in $1.2 Billion All-Cash Deal
The transaction is expected to close in September
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Paramount Shows Streaming Progress as it Tiptoes Around Warner Bros. Merger Lawsuit
Paramount+ has reached nearly 82 million subscribers as the media giant’s streaming profits climbed 44% to $366 million
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Business
Available to WrapPRO members
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Paramount-Warner Bros. Merger Antitrust Trial Set for March 2027
David Ellison will be on the hook for $1.06 billion in ticking fees by the time the 12-day trial starts on March 2
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Sony Pictures Classics Rescues Maude Apatow’s ‘Poetic License’ From Row K
The specialty label plans to release the TIFF comedy in 2027 as Row K deals with financial struggles and executive departures
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Business Insider Cements Christian Baesler as CEO
He joined the Axel Springer outlet as its interim chief executive officer after Barbara Peng’s exit at the end of June
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Paramount-Warner Bros. Merger: Ari Emanuel Proposes Editorial Board to Oversee CNN
The WME Group executive chair called the move an “easy solve” to address concerns about the Ellison family’s ownership of the network and CBS following the $110 billion deal
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TheGrill Adds AI Creator Day With What’s Trending for 2-Day Event
TheWrap’s flagship conference kicks off with AI Creator Day on Sept. 29, ahead of TheGrill on Sept. 30.
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Unlocking Family Offices: Hollywood’s $22 Billion, Under-the-Radar Pipeline
Trade Secrets: Experts break down what the specialized investment firms are and where they’re investing in media and entertainment
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Business
Available to WrapPRO members
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David Ellison Says Paramount-WBD Lawsuit Is About CNN, Shares His Politics
“I do not aspire to lead these companies to bend their newsrooms to my views,” the executive says in a New York Times op-ed
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Spotify Shares Sink 5% as Weak Outlook Overshadows Premium Subscriber Milestone
The music streaming giant reaches a total of 300 million premium subscribers and 777 million monthly active users as of the end of its second quarter
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Business
Available to WrapPRO members
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Gourmet Revival to Rebrand After Condé Nast Trademark Lawsuit
The food newsletter will publish under a temporary name before unveiling a new brand
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‘Spider-Man,’ ‘Odyssey’ Push U.S. Box Office to All-Time Record $434 Million Overall Weekend
The two films starring Tom Holland, Zendaya and Jon Bernthal broke the $402 million record set by the opening of “Avengers: Endgame”
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‘Barbie’ Sequel Stalled at Warner Bros. Over Margot Robbie, Ryan Gosling Contracts
WB has until December to lock a deal with the “Barbie” stars and filmmaker Greta Gerwig before the rights revert to Mattel
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Paramount Seeks November Warner Bros. Merger Trial While State AGs, WGA Ask for April
The David Ellison-led media giant wants to start as soon as possible, while the states and labor union say they need more time for discovery
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California Gov. Gavin Newsom Encourages State AGs to Settle Paramount-Warner Bros. Merger Lawsuit | Report
The Wall Street Journal reports Newsom is concerned employment in the state could suffer if the $110 billion deal is blocked
