Industry Trends
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Netflix Paid $587 Million in Cash for Ben Affleck’s AI Startup InterPositive
The figure was disclosed in a regulatory filing by the streamer on Friday
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Netflix Stock Extends Losses Another 8% on Weak Forecast, Shift to Fewer Engagement Updates
Despite posting second-quarter results in-line with Wall Street expectations, it was not enough to quell investors’ concerns about the company’s future growth
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The Ledger: Investors Are Tapping World Cup Fever
In this week’s The Ledger column, we look at
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M+C Saatchi North America Launches Entertainment Marketing Practice, Taps Jen Bacchus to Lead | Exclusive
The former WME exec will report to Derek Goode as the agency expands its Sports+Entertainment offering
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Sun Valley 2026: Which Hollywood and Tech Moguls Made the Retreat?
The “summer camp for billionaires” hosted by Allen & Co. has long been a breeding ground for dealmaking
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Disney’s ‘Hexed,’ DreamWorks’ ‘Donkey’ Among Latest Recipients of California Film Tax Credit
Over 40 new projects, including 35 independent titles, complete the first full year of California’s expanded incentive program
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Over a Third of Viewers Have Canceled Subscriptions Due to Frustrating App Experience, Survey Finds | Exclusive
72% of users experience at least one problem that leaves them “extremely frustrated” and 80% experience one problem that happens “all the time”
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Inside Wonder Project’s Plan to Super Serve the ‘Faith and Values’ Audience
Office with a View: CEO Kelly Merryman Hoogstraten tells TheWrap about the company’s efforts to build franchises and leverage hybrid filmmaking through its Innovative Dreams division
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Film and Sound Recording Industries Shed 3,600 Jobs in June
Overall, the U.S. economy added a lower than expected 57,000 jobs, per the latest report from the U.S. Bureau of Labor Statistics
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AI Backlash Is Gaining Steam and 6 Other Insights Into the Creator Industry
From YouTube’s dominance to a buzzy week for Fox, here’s what TheWrap observed during Cannes Lions this year
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Industry Trends
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Creatorverse: After Cannes Lions and VidCon, Hollywood Should Be Panicking More About Creators
There’s a growing dismissiveness from creators around the TV and film industries
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TV
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How YouTube Won Cannes Lions for Creators | Exclusive
TheWrap went behind the scenes to explore YouTube’s first-ever Cannes Creator Club
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UK Agents and Actors Rally Against AI Clauses in Contracts for Child Voice Actors
“Their voice should not become a permanent commercial asset before they have the legal and personal capacity to decide for themselves,” the Agents of Young Performers Association writes
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LGBTQ+ Representation on TV Is Cratering. Does Hollywood Care? | Analysis
The loss of high-profile queer characters on TV is a troubling sign, but surprise hits like “Heated Rivalry” offer a glimmer of hope
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Live Sports Drive Ad Supported-Streaming to Record 47% TV Viewing Share in First Quarter
The milestone was also driven by new episodes of “Stranger Things,” “Landman” and “The Pitt”
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