Business
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YouTube Becomes First Streaming Platform to Crack 10% of Total Viewing in Nielsen’s Gauge Report
The milestone comes as streamers achieved a record 41.4% of TV viewing in July
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WrapPRO
Available to WrapPRO members
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Edgar Bronfman Jr. Makes Last-Minute $4.3 Billion Bid for Paramount
The media investor and former Warner Music CEO vies for Shari Redstone’s stake in National Amusements ahead of Skydance’s go-shop window deadline
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WrapPRO
Available to WrapPRO members
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Fubo Wins Bid to Block Venu Sports Over Antitrust Concerns
Fox, Disney and Warner Bros. Discovery plan to appeal the judge’s ruling, arguing the streamer is “wrong on the facts and the law”
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S&P Lowers Warner Bros. Discovery Outlook to Negative, Citing Linear TV Decline and Studio Weakness
In the second quarter of 2024, WBD reported a net loss of $10 billion, compared to a loss of $1.24 billion a year ago
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Channing Dungey to Lead Warner Bros. Discovery US Networks as Kathleen Finch Sets Retirement
Finch will step down at the end of the year, at which point the Warner Bros. Television Group chairman and CEO will take over
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What’s the Path for Warner Bros. Discovery After Dismal Earnings, Sunk Stock Price and Shrinking Options? | Analysis
Warner stock has sunk by 70% since its April 2022 merger with Discovery, and Wall Street is calling on the David Zaslav-led media giant to explore strategic alternatives, such as asset sales
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WrapPRO
Available to WrapPRO members
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Paramount Shares Climb 7% as Edgar Bronfman Jr. Prepares Competing Bid
The former Warner Music Group CEO has held discussions about teaming up with Fortress Investment Group, Roku and “Baby Geniuses” producer Steven Paul, according to the Wall Street Journal
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Disney Taps Former YouTube Exec Adam Smith as Chief Product and Technology Officer
He replaces Aaron LaBerge, who departed the role at the end of June
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Billie Eilish Dumps Casey Wasserman After Scandal Over Extramarital Affairs
The pop star, who performed this week in honor of L.A.’s 2028 Olympics, left Wasserman, who heads the LA28 committee, for WME
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Lionsgate CEO Jon Feltheimer Extends Contract 5 Years to 2029
The executive will receive a base salary of $1,500,000, according to a Wednesday SEC filing
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How the Major Streamers Stack Up in Subscribers, Revenue
Legacy media giants may be turning the corner on streaming profitability, but they have a long way to go to catch industry leader Netflix
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Streaming
Available to WrapPRO members
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Lifetime and History Execs Exit as A+E Networks Undergoes Layoffs
Lifetime SVP Amy Savitsky and VPs Kim Chessler and Cat Rodriguez are leaving the company as part of the cuts
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Fubo Says It Could Be Pushed to Insolvency With Venu Sports Launch as Preliminary Injunction Trial Comes to a Close
Disney, Fox and WBD argue that Fubo’s “precarious financial condition” has nothing to do with Venu and predates the joint venture
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Paramount Television Studios to Shut Down Due to ‘Significant Changes’ in TV Marketplace
The move is part of the media giant’s broader restructuring plans ahead of its merger with David Ellison’s Skydance Media
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Sabrina Caluori Exits as Head of Kids and Family Marketing for Nickelodeon, Paramount+
The EVP was elevated to the position two years ago following the exit of previous CMO Jenny Wall
