Distribution
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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
Available to WrapPRO members
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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
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Lionsgate Attracts Takeover Interest From Banijay
Europe’s Bollore Group and Mediawan have also reportedly expressed interest
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FCC Chair Doubts State AG Lawsuit Against Paramount-Warner Bros. Will Succeed
Brendan Carr says reports of California AG Rob Bonta’s interest in a CNN sale are “a bit of a tell that this really isn’t a legitimate antitrust case”
