Business
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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
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Amazon MGM Studios Restructures Worldbuilding & Genre Series Team, Matthew King and Adrienne O’Riain Exit
Tom Lieber expands his oversight as the worldbuilding division’s head of creative affairs
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How Netflix Is Keeping ‘KPop Demon Hunters’ on Top Nearly One Year Later: ‘For the Fans’
“One of the jobs of the marketing team is to keep the story alive and to keep the fandom wanting more,” Netflix VP of Brand Marketing & Partnerships Magno Herran tells TheWrap
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Film and Sound Recording Industries Shed 1,100 Jobs in March
The decline puts the sector’s total jobs at 337,400 for the month, according to the latest report from the U.S. Bureau of Labor Statistics
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State AGs Are Pushing Back Against Media Consolidation. Is It Too Late?
Experts told TheWrap that Nexstar-Tegna’s temporary restraining order could embolden the states to pursue a legal fight against Paramount-Warner Bros.
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Deals & M&A
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Sony Pictures Classics Replaces Row K at CinemaCon’s New Showcase
The studio behind “Blue Moon” will show off its Sundance acquisitions at a presentation shared by StudioCanal and Angel
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US Box Office Posts Best First Quarter Since Pandemic With $1.77 Billion
Domestic grosses just topped the first three months of 2023, though they remain 27% below 2019
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Ryan Gosling Exits Untitled Daniels Project at Universal
The update comes a week after it was reported that the “Project Hail Mary” star was expected to lead the event film
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Jeff Shell Enters Preliminary Talks for Paramount Exit
The discussions come as the executive is embroiled in a legal dispute with former whistleblower and Vegas gambler R.J. Cipriani
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J.J. Abrams’ Bad Robot to Downsize, Close Los Angeles Office
The banner is expected to move its operations to New York
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WSJ Digital Subscriptions Grow 30% in 3 Years Under Editor-in-Chief Emma Tucker
The rise comes as the paper implements her strategy of delivering “new, distinctive, useful, compelling, relevant journalism”
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OpenAI Acquires Tech Talk Show TBPN in Major Move Into Media
The company behind ChatGPT is scooping up a streaming show popular in Silicon Valley
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How Sonic Gods Studios Plans to Make ‘60 Day Hustle’ the Biggest Business Reality Show in the World
Office With a View: “We want to compete at the highest level with the biggest studios,” Michelle Delamor, Chris Hayman and Adam Horner tell TheWrap
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Business
Available to WrapPRO members
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Trump Ousts Pam Bondi as Attorney General
She will be replaced in the interim by Deputy Attorney General Todd Blanche
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Sam Altman Says OpenAI and Disney Are Still in Talks About Collaborating Despite Sora Shutdown
The CEO says he gave Disney’s Bob Iger and Josh D’Amaro a heads up prior to the decision