Business
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Matt Damon, Ben Affleck Hit Netflix Performance Bonus for ‘The Rip’ Cast and Crew
The streamer paid Damon and Affleck’s Artists Equity the bonus as part of their overall deal signed earlier this year
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Netflix Ad Tier Surpasses 250 Million Monthly Active Viewers Globally
Over 80% of ad plan members actively watch each week, the streamer shares during its 2026 upfront presentation
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Enough With Those Absurd Standing Ovations at Cannes
Marathon clapping has become de rigueur at the festival, but it’s largely meaningless — and leaves filmmakers feeling awkward
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Warner Bros. Discovery Ad Presidents Downplay Paramount Merger Impact on Upfronts: ‘Been Through Change and Challenges Before’
“We don’t flinch, we meet the moment and continue to push forward in your best interest,” co-president Robert Voltaggio tells advertisers
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Amazon Shakeup: Film, TV and Internationals Get Separate Business Affairs Units, Dan Scharf to Depart
Amazon MGM Studios heads Courtenay Valenti, Peter Friedlander and Nicole Clemens explain the changes to staffers
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Paramount Urges California AG to Support Warner Bros. Discovery Merger, Citing 30-Film Theatrical Commitment
“To compete more effectively with Netflix, and other leading services, a combined Paramount-WBD will need to capture audiences’ attention in fresh ways,” Paramount’s chief legal officer writes to Rob Bonta
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Cannes Directors Portfolio 2026: Ron Howard, Diego Luna and More | Exclusive Photos
From James Gray to Pedro Almodóvar via Ryusuke Hamaguchi and Marie Kreutzer, here is our celebration of the auteurs at the heart of this year’s festival
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The Netflix Effect: Streamer Flexes Its $325 Billion Economic Impact With New Website
Over the last decade, Netflix has invested over $135 billion in programming produced in more than 50 countries
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Culver City Slashes Shooting Fees by Up to 60% in Push for Local Film Production
FilmLA has worked with Culver City officials to slash the $660 per permit fee for motion picture and still photography shoots
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How One Microdrama Maker Wants to Elevate Quality While Producing 100 Shows a Year | Exclusive
Snow Story CEO Austin Herring tells TheWrap how he pivoted his commercial production company’s business to microdramas, elevated the format and is reaping the rewards
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Business
Available to WrapPRO members
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‘Lord of the Rings: Rings of Power’ Season 3 to Premiere in November
The tech giant also orders an adaptation of Elsie Silver’s “Rose Hill” and the Brett Goldstein-led romantic comedy “Escorted”
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Byron Allen Buys $120 Million Majority Stake in BuzzFeed, Will Become CEO
Founder Jonah Peretti will transition to a newly created role as President of BuzzFeed AI
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Andrew Morse Steps Down as Atlanta Journal-Constitution Publisher
Cox executive Paul Curran will replace him as president next month
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The Cannes Catapult: How the Glitzy Fest Fast-Tracks European Actors to Hollywood
Critic’s Take: From Javier Bardem to Renate Reinsve, the festival has a record of paving the way to the Oscars — and the American mainstream
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How the Streamers Stack Up in Subscribers, Revenue and Profits | Analysis
Warner Bros. Discovery joins Netflix and Disney in scrapping quarterly subscriber disclosures as Comcast execs say Peacock is “approaching” profitability next quarter
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Business
Available to WrapPRO members