Distribution
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State AGs, DirecTV Accuse Nexstar of Violating Preliminary Injunction With Tegna Board Appointment
They argue that further integration would allow the combined company to “control and raise prices, fire journalists and dominate the broadcast media landscape”
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Paramount-Warner Bros. Merger Cleared by European Commission With Conditions
The approval comes as the deal was paused by a lawsuit from 12 state AGs in the U.S.
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Paramount-Warner Bros. Ticking Fee: Everything You Need to Know About the M&A Time Bomb
The ticking fee is an unusual element that applies immense timing pressure on the $110 billion merger’s closing
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Deals & M&A
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Hearst Magazines Taps Chris Berend as Chief Content and Experience Officer
The former NBCUniversal and CNN executive will lead editorial strategy, content creation and programming across platforms
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Paramount-Warner Bros. Merger Timeline: What’s Next After That Restraining Order?
A preliminary injunction hearing is set for Aug. 3
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Paramount-Warner Bros. Merger Is on Pause. Here’s What Happens Next
Judge Araceli Martínez-Olguín has set a preliminary injunction hearing for Aug. 3
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Business
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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
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AMC Entertainment Stock Surges 14% as Q2 Revenue Climbs on Box Office Rebound
The movie theater chain’s second-quarter revenue grew 14% to $1.59 billion, though it posted a widened net loss of $11.4 million
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Business
Available to WrapPRO members
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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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Paramount-Warner Bros. Merger: Judge Will Rule on Temporary Restraining Order by Wednesday
State AGs argued the $110 billion deal would give the combined company more leverage over movie theaters and cable distributors, increase consumer prices and reduce content output
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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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Judge Denies Preliminary Injunction in Paramount-Warner Bros. Consumer Lawsuit
Araceli Martínez-Olguín determined that plaintiffs failed to show irreparable harm or that their case would have a likelihood of success
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Netflix Shares Sink 8% as Execs Fend Off Wall Street’s Growth Concerns: ‘All Hours are Not Created Equal’
While second-quarter revenue increased, the streamer offered a tepid full-year forecast amid questions about audience engagement
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Business
Available to WrapPRO members
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Beehiiv Bets Independent Media Companies Want One Platform, Not Five
The company’s biggest expansion yet aims to help creators “run your entire content business” from a single platform
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Paramount State AG Lawsuit Swaps Judges After ‘Appearance of Bias’ Request
The case is now under Judge Araceli Martínez-Olguín, who is overseeing a separate consumer lawsuit brought against the company