Business
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Roku Q3 Profit, Revenue Soar on Higher Media & Entertainment Ad Spending, Subscription Growth
Shares of the company, which is awaiting acquisition by Fox, were flat in after-hours trading despite the better-than-expected results
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Business
Available to WrapPRO members
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Netflix Taps Google’s Darshan Kantak as Ads Platform VP
He will oversee the ad product, engineering and data & insights teams to develop strategic initiatives for the streamer globally
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‘Love on the Spectrum’ Star Tanner Smith Signs With WME | Exclusive
The reality star plans to expand his television presence with his own kids’ shows and continued creator brand partnerships
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Gavin Newsom Proposes Expanding California’s Film and TV Tax Credit Program to at Least $1 Billion
He is also urging Congress to pass the Motion Picture, Television and Entertainment Revitalization Act (MPTERA) by the end of the year
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Can Skydance Escape Its $80 Billion Debt Burden?
Experts who spoke to TheWrap are skeptical the David Ellison-led media giant can hit its financial targets without additional action, such as more cost cuts, raising equity or asset sales
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Business
Available to WrapPRO members
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Fox CEO Blames Fox News Ratings Drop on ‘Viewer Fatigue’
The company’s revenue was a record $4.57 billion during the first quarter of fiscal year 2027
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Business
Available to WrapPRO members
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Bob Iger, Josh Kushner Seek Lakers Investors Starting at $250 Million as Deal Moves Forward
New reporting challenges claims of a multibillion-dollar financing shortfall
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Earnings Season Has an M&A Elephant in the Room
In this week’s The Ledger, analyst Doug Creutz explains how media M&A is shifting from deal-making to deal-doing
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Business
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Reese Witherspoon’s Hello Sunshine Cuts 50% of Staff After She Buys Back Company
The company lays off about 30 employees as they prioritize film, television and Reese’s Book Club
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Skydance Finalizes Comms Team With Many Warner Bros. Execs Leaving
Laura Watson, Shannon Buck, Virginia Fout and Deborah Marcus take on leadership roles under CCO Melissa Zukerman
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Paramount+ Taps Former Netflix Exec Damla Dogan as Head of Unscripted
She’s been consulting at the streamer for the past nine months and will report to Sarah Aubrey
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Byron Allen Sells His 10% Stake in Starz After 7 Months
The media mogul sold all of his shares, which he acquired earlier this year, throughout August and September for almost $45 million in total
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Prime Video Is ‘Profitable In Its Own Right’ With Revenue Run Rate in ‘Tens of Billions of Dollars,’ Amazon CEO Says
The tech giant’s chief executive also predicted that AWS could become a trillion dollar annual revenue business in the next five to 10 years
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Business
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Starz Looks to Expanded, Curated Content as the Key to Streaming Growth as Net Loss Narrows
The third quarter results were boosted by higher pricing as well as “Power Book III: Raising Kanan,” “Fightland,” “Outlander: Blood of My Blood” Season 2, “S.W.A.T. Exiles” and “Michael”
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Business
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Maria Bartiromo Lands First Hosting Gig Since Fox News Exit
The longtime Fox anchor will host December’s America Business Forum in Miami, more than three months after her abrupt departure from the network
