Business
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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
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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
