Deals & M&A
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An Offer They Can’t Refuse: Theater Execs Split on Whether to Join Paramount-Warner’s Merger Movement
AMC, Regal and Vue publicly support David Ellison, but much of the theatrical world remains skeptical
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Movies
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Paramount Offers to Put David Ellison’s Annual 30-Film Theatrical Promise in Writing
The studio has made a push to get theater chains like Regal and Vue Cinemas to support its acquisition of Warner Bros. Discovery
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The Ledger: Wall Street’s Take on the Broadcast Cap Removal
Plus, a cheat sheet to this week’s busy earnings results
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Columns
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Block the Merger Coalition Says Paramount’s Concessions to Win UK Approval Lend Credibility to US Antitrust Case
“The Paramount Skydance-Warner Bros. Discovery merger is a dangerous consolidation that will harm film, entertainment and independent press in markets around the world,” the group writes
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FCC Killed the Broadcast TV Ownership Cap. Will Local Stations Get Gobbled Up?
One expert warns the change allows FCC Chairman Brendan Carr to create a pro-Trump crony system, but legal challenges are sure to follow
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Deals & M&A
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Starz Raises Profit Outlook as Streaming Stabilizes, but Linear TV Tumbles
The company’s second-quarter net loss widened due in part to a $147 million charge tied to exiting its Universal film deal
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Business
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Lionsgate CEO Supports Paramount-Warner Merger, Says Bolstered Paramount+ ‘Would Be Better For Us’
“Uncertainty and delay is not good for anybody,” Jon Feltheimer adds
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Nielsen to Acquire DoubleVerify for Over $2 Billion to Enhance Digital Measurement Efforts
The price marks a 30% premium to the digital media monitoring company’s trading price
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Roku Q2 Profit Jumps 1,464% With Fox Acquisition Looming
The streaming hardware maker did not host an earnings call or provide an updated financial outlook due to the pending $22 billion deal
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Business
Available to WrapPRO members
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FCC Votes to Repeal National Broadcast Ownership Cap
The decision comes as the $6.2 billion Nexstar-Tegna merger remains stuck in legal limbo
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Paramount-Warner Bros. Merger Cleared by UK Competition and Markets Authority
UK Culture Secretary Lisa Nandy also won’t intervene in the $110 billion deal after the David Ellison-led media giant agreed to conditions
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Warner Bros. Discovery’s Streaming Gains Overshadowed by Linear TV and Studio Struggles, Paramount Merger Limbo
CEO David Zaslav says the media giant has “every expectation” the $110 billion deal will close
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Business
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Judge Dismisses Consumer Antitrust Challenge to Paramount-Warner Bros. Merger, Allows Refile
“Plaintiffs’ standing theory amounts to little more than the assertion that they are consumers who watch television and go to the movies,” Judge Araceli Martínez-Olguín writes
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Electronic Arts Goes Private as $55 Billion Buyout Closes
The video game publishing giant has ceased trading and will be delisted from the NASDAQ
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Disney Sells 50% Stake in A+E Media to Hearst in $1.2 Billion All-Cash Deal
The transaction is expected to close in September
