Business
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Paramount Exploring Sale of 12 Local TV Stations | Report
The move comes as co-CEOs Brian Robbins, George Cheeks and Chris McCarthy are considering asset sales as part of a long-term strategic plan
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Edgar Bronfman Jr. Drops Out of Paramount Bidding Process, Leaving Skydance as Winner of Hollywood Studio
High-net worth investors were “spooked” by having to submit financial documents so quickly, one Bronfman insider told TheWrap.
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Business
Available to WrapPRO members
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Russian Oligarchs’ Investments in Elon Musk’s X Raise Questions About Potential Putin Connections
Venture capital investor 8VC is drawing criticism for ties to Denis Aven and Jack Moszkowicz, the sons of Russian oligarchs
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ESPN Restructures Content Division, Elevates Mike McQuade to Sports Production EVP
Rounding out the leadership team is David Roberts, Kaitee Daley, Freddy Rolon, Brian Lockhart, Chris Calcinari and Nick Parsons
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NBA Files Motion to Dismiss WBD Matching Rights Lawsuit
The media giant is suing after the league rejected its proposal to match Amazon’s $1.8 billion per year package of games
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WBD Ramps Up TNT Investment With ‘The Librarians: The Next Chapter,’ CIA Miniseries
The moves come as the media giant took a $9.1 billion write-down on its linear business
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Skydance Calls on Paramount to Stop Negotiating With Edgar Bronfman Jr., Accuses Special Committee of Violating Merger Agreement
The media giant extended its “go-shop” period to Sept. 5 on Wednesday as the former Warner Music Group CEO submitted a revised $6 billion bid
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Disney, Fox and Warner Bros Discovery File to Appeal Venu Sports Antitrust Injunction
U.S. District Judge Margaret Garnett blocked the launch of Venu on antitrust grounds on Aug. 16
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Paramount Extends Negotiating Window as Edgar Bronfman Jr. Raises Bid to $6 Billion
Under the go-shop provision in Skydance’s $8 billion merger agreement, talks will be extended to Sept. 5
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Disney Taps James Gorman as Succession Planning Committee Chair
The former Morgan Stanley CEO, who joined the company’s board earlier this year, will serve on the committee with Mark Parker, Mary Barra and Calvin McDonald
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Bob Iger Says He’s ‘Obsessed’ With Finding His Successor at Disney: ‘I’d Like to Retire Again’
The chief executive’s contract is currently set to expire at the end of 2026
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Paramount Shareholder Mario Gabelli Doesn’t See a Negative in Granting Potential Bronfman Bid Extension
“I still like insight into price voting/nonvoting,” the chairman of GAMCO Investors Inc. muses
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Inside the Bronfman Bid for Paramount: No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive
The $4.3 billion bid calls for a structure where the board would have more independent control over Paramount than under Skydance, according to Bronfman’s offer letter
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WrapPROAvailable to WrapPRO members
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Investor Group Backing Bronfman’s Paramount Bid Includes Crypto Magnate Brock Pierce, Kazakh Heir | Exclusive
Kazakh investor Nurali Aliyev joins Fortress and producer Steven Paul in the last minute $4.3 billion bid
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Netflix Closes 2024 Upfront, Touts 150% Increase in Ad Sales Commitments
The streamer’s ad-supported tier reached 40 million monthly active users as of May and accounts for over 45% of Netflix sign-ups in the 12 countries where it’s available
