Business
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CAA and TPG Team on $250 Million Holding Company Targeting Creator-Driven Media Businesses
The new venture, called Compound, is designed to “acquire, operate, and grow a portfolio of leading Creator Economy businesses”
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Foreign Investment in the Paramount-WB Merger Under Review by European Commission
The David Ellison-led media giant previously disclosed that foreign investors would control 49.5% of the equity of the combined company
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Elle Fanning and Michelle Pfeiffer Have Been Family for 25 Years. Now They’re Playing It in ‘Margo’s Got Money Troubles’
TheWrap magazine: “Elle and I have an innate connection,” Pfeiffer says. “She knows what I’m thinking. We can look at each other across the room and read each other’s minds”
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‘Obsession’ Payout: Jason Blum to Make $17 Million on Indie Horror Hit | Exclusive
The executive producer struck a lucrative deal when he boarded the project after Focus Features picked it up
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Movies
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Matthew Perry Ketamine Doctor Argues He Was ‘Nothing More Than a Drug Dealer’ to ‘Friends’ Star in Sentence Appeal
Salvador Plasencia’s 30-month sentence included the consideration that he was abusing his role as a physician
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NBA Finals Game 2 Notches Over 16 Million Viewers, ABC’s Most-Watched Since 2018
The Knicks-Spurs matchups are averaging 16.68 million viewers
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Business
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Paramount Adds Former Biden White House Staffer as US Government Affairs VP
Shuwanza Goff will serve as the media giant’s lead Democrat government affairs official starting July 6
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Netflix’s ‘Stranger Things: The First Shadow’ to Close on Broadway, West End
Nearly 1.6 million tickets have been sold across both productions, with over 1,500 performances
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How a Snooty Country Club Inspired Lee Sung Jin to Write the Wild Second Season of ‘Beef’
TheWrap magazine: “I thought, ‘What a great metaphor for society today.’ Because no matter how hard those employees work, they’ll never get to be members,” Lee says
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Paramount Aims to Produce 40 TV Shows by 2030
When combined with Warner Bros., that output is expected to increase to at least 170 shows
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Paramount-Warner Bros. Discovery Merger Under Formal Review by UK Regulator
The U.K. Competition and Markets Authority will decide whether to refer the $110 billion deal for a Phase 2 investigation by Aug. 7
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As Imax Explores a Sale, Which Hollywood Studios Are Buyers?
Between exhibitors and movie studios, the challenge will be to find a buyer that doesn’t pose a conflict of interest
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Deals & M&A
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Paramount Accuses Netflix of ‘Scorched-Earth Campaign,’ Rebuffs Teamsters’ WBD Merger Concerns
“These claims from Paramount Skydance are absurd,” a Netflix spokesperson responds
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Accenture Song to Acquire Creator Agency Whalar in Industry’s ‘Largest Creator Economy Transaction’
Whalar Group co-founder Neil Waller did not disclose terms, but the influencer marketing deal is likely valued at over $500 million
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‘Scary Movie’ Cruises to No. 1 at Box Office With $105 Million Global Opening
“Masters of the Universe” opens to $29.3 million while “The Amazing Digital Circus” makes $22 million over four days
