Industry Trends
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California Gov. Gavin Newsom Encourages State AGs to Settle Paramount-Warner Bros. Merger Lawsuit | Report
The Wall Street Journal reports Newsom is concerned employment in the state could suffer if the $110 billion deal is blocked
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Why Talent Agencies Are Hot With Investors
This week’s The Ledger also digs into more M&A deals and the continued saga of Paramount-WBD
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Business
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Paramount-WBD: Block the Merger Coalition Members Urge UK Culture Secretary to Intervene
The U.K. Competition and Markets Authority will decide whether to clear the $110 billion deal or launch a more in-depth investigation by Aug. 7
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The Video Game Industry Is Imploding. What Does It Mean for Hollywood?
The ongoing turmoil at companies like Xbox could lead to faster adaptations as movies like “The Super Mario Galaxy Movie” cross $1 billion
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Industry Trends
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Amazon Plans to Spend $20 Billion More on AI. Wall Street Loves It
The over 9% gain in the tech giant’s share price stands in contrast to the hit Meta and Alphabet took on their AI investment plans
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Business
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Lionsgate Increases CEO Jon Feltheimer’s Pay to $19.4 Million for 2026
The increase comes after multiple TV renewals and hit films like “The Housemaid” and “Michael”
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Ari Emanuel Urges State AGs to Drop Paramount-Warner Bros. Merger Lawsuit
The WME Group executive chairman says ignoring competition in the streaming market and players like Amazon, A24, Lionsgate, Netflix and YouTube “doesn’t remotely reflect reality”
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Is NBCUniversal Really a Buyer After Comcast Split?
TheWrap explores CEO Mike Cavanagh’s options as he takes the company independent
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Deals & M&A
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Sports and Summer Season Drive Streaming to Record 48.6% of TV Viewership in May
YouTube continues to lead the pack with a record 13.8% of TV viewing for the month, per Nielsen
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TV
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Los Angeles On-Location Production Sinks 12% Despite New Tax Credits, FilmLA Study Shows
While high-employment TV dramas are holding on, reality TV’s continued exodus fueled the decline
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Microseries Economy Valued at $150 Billion Outside of China as AI-Generated Shows Take Off
Holywater Tech and Owl & Co. have released their first-ever report, titled The State of Microdrama 2026
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Peacock Finally Turns a Profit Ahead of NBCUniversal Split, But It’s Not Smooth Sailing From Here
Comcast co-CEO Mike Cavanagh warned Wall Street that the streaming service’s profitability would vary quarter to quarter, based on the timing of sports schedules and other content
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Business
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Nearly 80% of Gen Z Goes to Live Sports for Celebrities and Brand Activations, Study Finds
The research from USC Annenberg and ACC also finds that 49% of the younger generation gets into sports thanks to content created by athletes, fans and/or viral videos
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Paramount’s Makan Delrahim Slams State AG Lawsuit: ‘Weaponization of Antitrust Law’
The media giant’s chief legal officer also reveals a list of possible concessions has already been sent to California’s Rob Bonta
