Distribution
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Paramount-Warner Bros. Merger Antitrust Trial Set for March 2027
David Ellison will be on the hook for $1.06 billion in ticking fees by the time the 12-day trial starts on March 2
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Paramount-Warner Bros. Merger: Ari Emanuel Proposes Editorial Board to Oversee CNN
The WME Group executive chair called the move an “easy solve” to address concerns about the Ellison family’s ownership of the network and CBS following the $110 billion deal
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Unlocking Family Offices: Hollywood’s $22 Billion, Under-the-Radar Pipeline
Trade Secrets: Experts break down what the specialized investment firms are and where they’re investing in media and entertainment
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Business
Available to WrapPRO members
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David Ellison Says Paramount-WBD Lawsuit Is About CNN, Shares His Politics
“I do not aspire to lead these companies to bend their newsrooms to my views,” the executive says in a New York Times op-ed
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Spotify Shares Sink 5% as Weak Outlook Overshadows Premium Subscriber Milestone
The music streaming giant reaches a total of 300 million premium subscribers and 777 million monthly active users as of the end of its second quarter
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Business
Available to WrapPRO members
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Paramount Seeks November Warner Bros. Merger Trial While State AGs, WGA Ask for April
The David Ellison-led media giant wants to start as soon as possible, while the states and labor union say they need more time for discovery
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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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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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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
Available to WrapPRO members
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Starz, Crunchyroll Launch $16.99 Per Month Bundle Through Prime Video
The offering, which provides savings of more than 23%, includes a mix of premium action, anime, thrillers, female-driven dramas, sci-fi and adventure programming
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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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HBO Max Gets Into Vertical Video With ‘Shorts’ Feed
The streamer is also rolling out an experimental conversational search experience as it looks to make content discovery easier for users
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Former FCC Chairs Urge Brendan Carr to End ABC Broadcast License Review: ‘An Assault on Free Speech Disguised as Regulatory Process’
They added that the proceeding is a “grave violation of both the Communications Act and the Constitution”
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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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YouTube to Launch Peacock Premium Bundle in Early 2027
NBCUniversal will also bring Universal+ and Hayu to select international markets through YouTube Premium
