Business
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Disney Names James Gorman Chairman of the Board, Says Iger Successor to Come in Early 2026
The boardroom shakeup puts the former Morgan Stanley CEO in the lead seat as Mark Parker makes his scheduled exit
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Netflix Stock Rallies 11% After Q3 Earnings Beat
Shares of the streamer, which are up more than 120% in the past year, closed at $763.89 on Friday – just shy of its 52-week high
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Paramount Streaming Strategy Chief Jeff Shultz to Step Down
Paramount Streaming CEO Tom Ryan and U.S. Network Distribution president Ray Hopkins will step in to relieve the longtime exec’s duties
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Ryan Murphy Sets Meeting With Gavin Newsom to Advocate for More Production in LA
“We’re trying to get people back to work in California post-strikes,” the “Monsters” and “9-1-1” mega-producer tells TheWrap
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Charles Phillips Jr. to Exit Paramount Board of Directors Ahead of Skydance Merger
The former Infor CEO led the media giant’s special committee that ultimately approved the $8 billion merger, which is set to close in the first half of 2025
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Ted Sarandos Reiterates Netflix Is ‘Not Changing Our Compensation Structure’
“We like our model, and talent likes our model,” the co-CEO says
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Netflix Takes a Shot at Competitors’ Bundling Plans as Subscribers Soar
The streamer says others “lack our breadth of content,” while admitting their 2024 slate was “patchier” due to strikes
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Netflix Profits Surge 41% in Q3 to $2.36 Billion as Streamer Adds 5 Million Subscribers
The streamer, which boasts over 282 million subscribers globally, reported a 35% increase in ad-supported members
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WrapPRO
Available to WrapPRO members
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FTC Sets Final Rule Designed to Make Canceling Subscriptions Easier — Here’s Everything to Know
The agency says “click-to-cancel” will end the “tricks and traps” around getting rid of unwanted subscriptions, saving Americans time and money
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LA TV and Film Production Drops Below Strike Levels in Q3, Reality Plummets 56%
The region recorded a total of 5,048 shoot days, marking the weakest quarter of the year thus far and a 36.4% decrease from its five-year average
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Fox Entertainment Taps Hannah Pillemer, Allison Wallach to Lead Scripted and Unscripted Divisions
The pair joins Fox Entertainment president Fernando Szew’s creative leadership team following the studio’s restructuring earlier this year
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Paramount Sweetens Golden Parachute for Co-CEOs With $3 Million Stock Awards, Other Incentives
If Brian Robbins, Chris McCarthy or George Cheeks are demoted from their current position, they can resign for “good reason” and collect severance payments
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Amazon to Expand Prime Video Ads to Brazil, India, Japan, the Netherlands and New Zealand in 2025
The service’s ad-supported viewing experience is already available in the U.S., U.K., Canada, Australia, Austria, France, Germany, Italy, Mexico and Spain
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Will Paramount Drop Nielsen? TV Networks Demand Better Metrics, but Legacy Ties Make It Tough | Analysis
The dispute signals a potential sea change as networks struggle with Nielsen’s dominance during the transition to streaming
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
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Legendary Entertainment Buys Out Wanda Group’s Ownership Stake
As part of the move, the “Dune” and “Godzilla” studio’s board will be evenly split between management and private equity firm Apollo, which made a $760 million minority investment in 2022
