Business
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CNN and CBS News Will Stay Separate Under Skydance. But How Much Can They Share?
Bureaus, crews and production could offer savings — but the biggest efficiencies risk changing the journalism
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TV
Available to WrapPRO members
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Reese Witherspoon, Mediawan Buy Hello Sunshine From Candle Media for Fraction of $900 Million Valuation
The studio, which was acquired by the Blackstone-backed media company in 2021, was reportedly bought back for “low- to mid-eight figures”
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Business
Available to WrapPRO members
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Disney Readies $20 Million Bid for Character.ai Assets After Chatbot Company Files for Bankruptcy
The entertainment giant previously sent the AI platform a cease-and-desist letter over unauthorized character use and then hired its former CEO Karandeep Anand last month
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Spectrum Chief Commercial Officer Adam Ray, Chief Marketing Officer Sharon Peters to Exit
The restructuring comes after parent company Charter Communications closed a $34.5 billion merger with rival Cox in August
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Kalshi Investigates Questionable Bets on Trump’s New Press Secretary
Three bets are under scrutiny for predicting Katie Zacharia would replace Karoline Leavitt despite just a 1% chance
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The Screen Gems YouTuber Pivot Is Further Proof That Creators Are Hollywood’s Future | Analysis
After 15 years, Fede Goldenberg is moving from YouTube to Sony’s Screen Gems Pictures to focus on theatrical projects from digital talent
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Movies
Available to WrapPRO members
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Breaking Down the Top Warner Bros. Execs’ $1.1 Billion Merger Windfall
David Zaslav and his top four top lieutenants bagged a massive stock payout, while 1,500 employees also got large equity windfalls
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Business
Available to WrapPRO members
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Can Skydance Break the Media M&A Curse?
The Ledger: Money managers and analysts weigh in on the ramifications of the mega merger
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Business
Available to WrapPRO members
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Warner Bros. Discovery International President Gerhard Zeiler to Exit
His departure follows the completion of WBD’s $110 billion merger with Paramount Skydance
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Netflix Planning Layoffs Targeting 5% of Its Workforce | Report
The restructuring, which could be announced as early as next week, comes as the streamer is facing concerns from Wall Street around its future growth
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What Happened to Row K? From Splashy Acquisitions to a $110,000 Opening
A year after its big TIFF 2025 debut, the indie distributor has released only two films as unpaid bills pile up
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Movies
Available to WrapPRO members
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Netflix Live Experiences Exec Greg Lombardo Exits After 7 Years
During his tenure, the vice president oversaw the formation of Netflix Houses, offering immersive, in-person fan experiences
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David Zaslav Scores $606 Million Payout From Paramount-Warner Bros. Merger
The total includes stock options worth $381.7 million, per an SEC filing
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Paramount Global Distribution and International Head Kevin MacLellan to Exit
The executive’s departure follows the closing of the $110 billion Warner Bros. Discovery merger
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David Ellison Acknowledges ‘Operational Efficiencies’ as CNN, CBS News Remain Separate
Skydance Co-CEO Ynon Kreiz says the two news organizations will operate independently as the newly merged company pursues $6 billion in synergies
