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Industry News

Business

  • Elon Musk Sues Apple, OpenAI for Allegedly Colluding on Artificial Intelligence Monopoly

    The suit claims the tech companies’ “exclusive arrangement” make ChatGPT the “only generative AI chatbot that benefits from billions of user prompts”

    By

    Tess Patton
    August 25, 2025 @ 2:45 PM
    Business
    2:45 PM
    Elon Musk Sues Apple, OpenAI for Allegedly Colluding on Artificial Intelligence Monopoly
  • Trump Says FCC Should Revoke ABC and ‘NBC Fake News’ Licenses Over Unfavorable Coverage

    “At a minimum, they should pay up BIG for having the privilege of using the most valuable airwaves anywhere at anytime,” the president writes on Truth Social

    By

    Tess Patton
    August 25, 2025 @ 1:10 PM
    Business
    1:10 PM
    Trump Says FCC Should Revoke ABC and ‘NBC Fake News’ Licenses Over Unfavorable Coverage
  • Lil Nas X Charged With 4 Felonies, Including Battery Against Police Officer

    The Grammy-winning artist’s charges come after he was recorded walking around Studio City wearing nothing but underwear and cowboy boots

    By

    Raquel Calhoun
    August 25, 2025 @ 11:48 AM
    Business
    11:48 AM
    Lil Nas X Charged With 4 Felonies, Including Battery Against Police Officer
  • Snoop Dogg Questions LGBTQ+ Representation in Children’s Movies: ‘We Have to Show That at This Age?’

    The rapper says he is “scared to go to the movies” after his grandson asked him questions about a lesbian couple in 2022’s “Lightyear”

    By

    Alex Welch
    August 25, 2025 @ 10:16 AM
    Business
    10:16 AM
    Snoop Dogg Questions LGBTQ+ Representation in Children’s Movies: ‘We Have to Show That at This Age?’
  • 5 Journalists From AP, Reuters and Al Jazeera Killed in Israeli Airstrike on Gaza Hospital

    Mariam Dagga, Hussam al-Masri and Mohammed Salam are among the dead

    By

    JD Knapp
    August 25, 2025 @ 6:37 AM
    Business
    6:37 AM
    5 Journalists From AP, Reuters and Al Jazeera Killed in Israeli Airstrike on Gaza Hospital
  • AI Is Still a Dirty Word in Hollywood. That’s the Problem

    The stigma around AI is preventing many in the industry from learning about its potential impact even as studios and some filmmakers quietly embrace the technology

    By

    Roger Cheng
    August 25, 2025 @ 6:00 AM

    Pro Available to WrapPRO members

    Business
    6:00 AM
    AI Is Still a Dirty Word in Hollywood. That’s the Problem

    Pro Available to WrapPRO members

  • Margaret Qualley Wants to Steer Clear of Big Movie Franchises: ‘I’m Scared’ | Video

    “I’m a commitment-phobe maybe. But also, no one’s asking me to do anything,” the “Honey Don’t!” actress says

    By

    Daren DeFrank
    August 24, 2025 @ 3:17 PM
    Business
    3:17 PM
    Margaret Qualley Wants to Steer Clear of Big Movie Franchises: ‘I’m Scared’ | Video
  • ‘The Summer I Turned Pretty’ Star Gavin Casalegno Responds Jeremiah Fan Hate: ‘I Don’t Check Instagram Anymore’

    “I don’t think there’s a single human being in the world who can carry the emotional negativity to the degree that stuff like this happens,” the actor says

    By

    Daren DeFrank
    August 23, 2025 @ 5:50 PM
    Business
    5:50 PM
    ‘The Summer I Turned Pretty’ Star Gavin Casalegno Responds Jeremiah Fan Hate: ‘I Don’t Check Instagram Anymore’
  • Kobe Bryant NBA Draft Movie ‘With The 8th Pick’ in the Works at Warner Bros.

    The project is from a spec script by Alex Sohn and Gavin Johannsen

    By

    Umberto Gonzalez
    August 22, 2025 @ 6:35 PM
    Business
    6:35 PM
    Kobe Bryant NBA Draft Movie ‘With The 8th Pick’ in the Works at Warner Bros.
  • Amazon MGM Studios Taps Helen Moss as Head of International Theatrical Distribution

    The former Paramount SVP of International Distribution will launch the streamer’s new foreign theatrical distribution arm

    By

    Umberto Gonzalez
    August 22, 2025 @ 4:58 PM
    Business
    4:58 PM
    Amazon MGM Studios Taps Helen Moss as Head of International Theatrical Distribution
  • CNN’s Harry Enten Explains Why Gavin Newsom’s Trump Feud Is Earning Him ‘A Rising Tide of Support’ | Video

    “I absolutely think it’s showing signs of working,” the data analyst adds while discussing Newsom’s 2028 Democratic nominee odds

    By

    Jacob Bryant
    August 22, 2025 @ 4:46 PM
    Business
    4:46 PM
    CNN’s Harry Enten Explains Why Gavin Newsom’s Trump Feud Is Earning Him ‘A Rising Tide of Support’ | Video
  • Paramount Eyes Up to 3,000 Job Cuts by November

    The move is part of the company’s effort to exceed $2 billion in cost savings

    By

    Lucas Manfredi
    August 22, 2025 @ 1:56 PM
    Business
    1:56 PM
    Paramount Eyes Up to 3,000 Job Cuts by November
  • JD Vance Denies John Bolton FBI Raid Is Payback for Criticizing Trump: ‘Driven by Law and Not by Politics’

    “You shouldn’t throw people willy nilly in prison. You should let the law drive these determinations,” the vice president says

    By

    Raquel Calhoun
    August 22, 2025 @ 11:42 AM
    Business
    11:42 AM
    JD Vance Denies John Bolton FBI Raid Is Payback for Criticizing Trump: ‘Driven by Law and Not by Politics’
  • Chris Wallace Joins RedBird Capital Partners as Senior Advisor

    The veteran anchor will work on the business side of the firm, reporting directly to founder Gerry Cardinale

    By

    Lucas Manfredi
    August 22, 2025 @ 10:04 AM
    Business
    10:04 AM
    Chris Wallace Joins RedBird Capital Partners as Senior Advisor
  • What the $1.5 Billion ‘South Park’ Deal Reveals About Streaming Economics | Charts

    Parrot Analytics unpacks the data behind Paramount’s staggering contract and why streaming rivals tapped out

    By

    Christofer Hamilton
    August 22, 2025 @ 9:56 AM

    Pro Available to WrapPRO members

    Business
    9:56 AM
    What the $1.5 Billion ‘South Park’ Deal Reveals About Streaming Economics | Charts

    Pro Available to WrapPRO members

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