Business
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12 of the Buzziest Films for Sale at Cannes 2026
This year’s festival features new movies from Asghar Farhadi, Ira Sachs, Andy Garcia, Jordan Firstman and more
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FKA Twigs to Play Josephine Baker in Biopic Directed by Maïmouna Doucouré
Studiocanal will produce the biopic about the first Black woman to star in a major motion picture with sales launching at Cannes
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‘Mortal Kombat II’ and ‘Devil Wears Prada 2’ Duel for No. 1 at Summer Box Office
The New Line video game adaptation and the 20th Century legacyquel are set to make around $41 million this weekend
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TV Execs Say Streamers Are Just as Reliant on Producers to Stay in Business: ‘They’re Dependent on Us’ | Video
Production company and studio executives also discuss the right path to a TV show green light, Hollywood’s diversity crisis, AI and more in TheWrap’s first Trade Secrets roundtable
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Paramount CEO David Ellison to Receive $150 Million in Cash and Stock Tied to Warner Bros. Merger Closing
Chief Strategy and Operating Officer Andy Gordon will receive $38 million in cash and stock awards, while Chief Legal Officer Makan Delrahim will receive $25 million
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CBS News to Cut Ties With ‘60 Minutes’ Correspondent Sharyn Alfonsi After Feud Over CECOT Segment | Report
The “Inside CECOT” journalist has hired heavyweight Hollywood lawyer Bryan Freedman
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Sony Reports 8% Rise in Revenue to $19.4 Billion
The latest earnings report comes after the entertainment division laid off hundreds as it aligns around top moneymakers like Playstation
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News Corp. Negotiating More AI Deals as It Touts Content Value: ‘IP Powers AI’
The company saw its revenue grow 9% during its third fiscal quarter boosted by its Dow Jones, real estate services and book publishing divisions
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Starz Positioned for ‘Financial Inflection Point’ in 2026 After Exit From Universal Film Output Deal
A year after its spinoff from Lionsgate, CEO Jeff Hirsch says the company is “structurally stronger” and moved up its timeline for reaching a 20% margin to the back half of 2027
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Business
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IATSE Goes On Strike Against Live-Action ‘CoComelon: The Melon Patch’ YouTube Series
The union accuses the show’s producers of refusing to provide crew members fair wages and benefits
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NBCUniversal’s Mark Marshall on Madison Avenue’s ‘Very Strong’ Demand for Live Events
Office With a View: The ad chief also explains how the Nielsen Gauge has “confused the marketplace” and predicts Paramount-WBD won’t dramatically shift upfront ad dollars
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Studiocanal Lands Option for ‘The Divorce’ From ‘The Housemaid’ Author Freida McFadden
The French studio will collaborate with Working Title on an adaptation of the upcoming novel, which will be released May 26
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Paramount Signs Film Deal for Potential Biopics With Warner Music Group
The studio will get access to a catalog that includes David Bowie, Cher and Dua Lipa
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Nexstar Skips Long-Term Earnings Forecast With Tegna Deal in Legal Limbo After DirecTV, State AG Challenge
“We believe this is a fight worth having for us, for our industry and for the future of local journalism,” CEO Perry Sook told analysts
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Telemundo Unveils 2026-2027 Upfront Slate Led by FIFA World Cup
The network will deliver more than 180 hours of original scripted content, expand into film and present all 104 World Cup matches live
