Business
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Universal Music Group Buys Back $290 Million in Stock From Bill Ackman’s Pershing Square
The company bought 14,156,285 shares priced at $20.48 apiece
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How Riz Ahmed Used James Bond to Make ‘Bait,’ His Most Personal Project Yet
TheWrap magazine: “Life sometimes feels like one big audition,” says Ahmed, who co-wrote, exec-produced and stars in the limited series about an actor grappling with identity and self-doubt
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Bari Weiss Wanted to Modernize ‘60 Minutes.’ Instead, She May Have Killed It | Analysis
With the blow-up from Scott Pelley’s firing, Weiss continues to squander the storied news program’s biggest asset: public trust
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Business
Available to WrapPRO members
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Nithya Raman Narrows Spencer Pratt’s Lead for Runoff Spot in LA Mayoral Election
The former reality star now leads the city councilmember by 37,300 votes after first post-election day update
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Hasbro Launches AI Studio Sixth Wall for Authorized Character Licensing and Experiences
It will bring 12 characters, including Optimus Prime, Mr. Potato Head, Megatron, Cobra Commander and the cast of Clue, to ElevenLabs’ Iconic Marketplace
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Bill Ackman’s Pershing Square Looks to Sell UMG Stake After Rejected Takeover Bid | Report
The firm is looking to sell roughly 80.6 million shares at €17.66 to €18.62 apiece, according to Bloomberg
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Comcast to Invest Over $6 Billion in Universal’s UK Theme Park
The project, slated to open in 2031, is expected to create 28,000 jobs and generate nearly $67 billion in local economic benefit by 2055
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Fox One Prepares for Its ‘2nd Launch Moment’ With the FIFA World Cup
Product head Amit Dudakia tells TheWrap how the streamer is elevating the viewing experience and its plan to keep subscribers invested long term
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Hollywood’s AI Appetite Has Sped Up – Here’s What’s on the Menu | Analysis
At a recent AI conference, films and shows are pushing the boundaries of what the technology can do – and critically, are projects that you can see now
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Tech
Available to WrapPRO members
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NOTUS Rebrand Put on Ice by Judge Following Washington Star Trademark Complaint
“This ruling reinforces our focus on what matters most: reviving a legendary American institution,” Washington Star publisher Dovid Efune says
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The Ledger: Roku on the Rise
Our weekly newsletter will bring you the insights that bridge Wall Street and Hollywood
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Business
Available to WrapPRO members
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European Commission Aims to Wrap Paramount-Warner Bros. Merger Review in July
The update comes after the David Ellison-led media giant formally notified the EU about its $110 billion deal
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Former Amazon MGM Studios Exec Liz Cohen Joins Keshet Studios as Scripted EVP
She will oversee the development, packaging and production of the company’s scripted projects and work with creators, producers and buyers across broadcast, cable and streaming
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Zach Cregger Parts Ways With Longtime Manager Peter Principato
The “Weapons” filmmaker worked with the Artists First CEO for about 15 years
