Business
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Bill Ackman’s Pershing Square Submits $64.4 Billion Takeover Bid to Acquire Universal Music Group
The firm says UMG’s stock price has “languished” due to a combination of factors that can be addressed with its proposed deal
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Paramount Confirms Middle East Sovereign Wealth Fund Investment to Back Warner Bros. Deal
The David Ellison-owned media giant says their participation is an “important milestone” in the $110 billion deal
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Asghar Farhadi Issues Rallying Cry to Stop Destruction of Iran’s Civilian Infrastructure
“The destruction of infrastructure is not just the destruction of buildings, it is an attack on human life and dignity,” the filmmaker says, calling Trump’s actions a war crime
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Italy Ruled Netflix’s Price Hikes Are Illegal. Will the Rest of the EU Follow? | Analysis
“Europe is now the real legal risk for Netflix’s pricing model,” one expert tells TheWrap
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TV
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Cinerama Dome’s Grassroots Reopening Campaign Ends After Police Shut Down Projector Protest
Save the Cinerama Dome organizer Ben Steinberg says he is stopping his campaign to avoid legal action from the theater’s owners, the Decurion Corporation
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The 7 Best Movies on Paramount+ in April 2026
Including the Barry Sonnenfeld’s hilarious follow up to “The Addams Family”
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CBS’ Late Night Future: Byron Allen’s ‘Comics Unleashed’ to Take Over ‘Late Show’ Timeslot After Colbert Finale
Allen Media Group’s “Funny You Should Ask” will also fill the network’s late night hours
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AP Offers More Than 120 Staffers Buyouts as It Restructures Toward National, Visual-First Coverage
The staffers are mostly on the organization’s U.S. news team
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Paramount Secures $24 Billion Commitment From Middle East Sovereign Wealth Funds for Warner Bros. Deal
Saudi Arabia’s Public Investment Fund will provide roughly $10 billion
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CNN to Host Primary Debate for California Governor’s Race as Trump Endorses Ex-Fox News Host
Trump named Steve Hilton his top pick to run the state
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From $250 Million Megadeal to Empty Offices: The Unraveling of Bad Robot
“Nothing lasts forever. JJ had a solid 20 year run, which is far longer than most,” a top talent agent tells TheWrap
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Business
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The Media Front: Why OpenAI Bought Tech Talk Show TBPN
Plus: TMZ ambushes Congress, NYT cuts ties with writer, DC media scramble and a ‘60 Minutes’ shake-up?
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Journalism
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WGA, AMPTP Make Tentative Agreement Official: ‘This Deal Protects Writers’ Health Plan’
Insiders tell TheWrap that negotiations between writers and studios were “way more productive” than in 2023
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Starz CEO Jeff Hirsch’s 2025 Pay Hits $6.75 Million
The figure covers the nine-month transition period spanning April 1 to Dec. 31 as the company separated from Lionsgate
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Cinema United Urges State AGs to Scrutinize Paramount-WBD Merger
“The stakes of this deal could not be higher for our members and the future of the U.S. film industry,” Cinema United CEO Michael O’Leary says
