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Business

  • Bernie Sanders, Elizabeth Warren Urge Government to Investigate Venu Sports for Anti-Competitive Model

    The lawmakers warn that the offering could enable Fox, Disney and Warner Bros. Discovery to “discriminate against competitors and increase prices for consumers”

    By

    Lucas Manfredi
    August 7, 2024 @ 9:55 AM
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    9:55 AM
    Bernie Sanders, Elizabeth Warren Urge Government to Investigate Venu Sports for Anti-Competitive Model
  • How Amazon Created Its Brand New Interface for Prime Video

    Prime Video’s VP of design Kam Keshmiri tells TheWrap the update helps users find movies and TV shows faster, and shares how generative AI helps with content curation

    By

    Lucas Manfredi
    August 7, 2024 @ 8:00 AM

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    WrapPRO
    8:00 AM
    How Amazon Created Its Brand New Interface for Prime Video

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  • Sony Won’t Submit Counter Bid for Paramount Global

    Acquiring the entire media giant would be “risky” to its capital allocation strategy, Sony Group president, COO and CFO Hiroki Totoki tells analysts

    By

    Lucas Manfredi
    August 7, 2024 @ 7:17 AM
    News
    7:17 AM
    Sony Won’t Submit Counter Bid for Paramount Global
  • Disney Could Pay Up to $5 Billion More for Comcast’s Hulu Stake

    The company made an initial payment of $8.6 billion in December for NBCU’s 33% minority interest in the streaming service

    By

    Lucas Manfredi
    August 7, 2024 @ 5:40 AM
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    5:40 AM
    Disney Could Pay Up to $5 Billion More for Comcast’s Hulu Stake
  • The New York Times Adds 300,000 Digital Subs in Q2 as Total Revenues Rise 6% to $625 Million

    Digital subscription revenues climbed 13% year-over-year to $304.5 million on strength of bundle and multi-product additions

    By

    Natalie Korach
    August 7, 2024 @ 4:34 AM

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    Business
    4:34 AM
    The New York Times Adds 300,000 Digital Subs in Q2 as Total Revenues Rise 6% to $625 Million

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  • Disney Swings to First-Ever Combined Streaming Profit of $47 Million in Q3

    The House of Mouse expects streaming profitability to further improve in Q4 after it added 200,000 Disney+ subs for a total of 153.8 million

    By

    Lucas Manfredi
    August 7, 2024 @ 3:50 AM

    Pro Available to WrapPRO members

    Business
    3:50 AM
    Disney Swings to First-Ever Combined Streaming Profit of $47 Million in Q3

    Pro Available to WrapPRO members

  • Disney Entertainment Television Overhauls Casting Departments After Latest Round of Layoffs

    After 140 staffers were laid off last week, casting operations at 20th Century, ABC Signature, Onyx and Hulu are being consolidated

    By

    Stephanie Kaloi
    August 6, 2024 @ 6:47 PM
    Business
    6:47 PM
    Disney Entertainment Television Overhauls Casting Departments After Latest Round of Layoffs
  • Paramount+ Domestic and Showtime Chief Marketing Officer Michael Engleman to Exit

    The executive announced his departure in an internal memo to staff on Tuesday

    By

    Lucas Manfredi
    August 6, 2024 @ 2:18 PM
    Business
    2:18 PM
    Paramount+ Domestic and Showtime Chief Marketing Officer Michael Engleman to Exit
  • Charles Barkley Cancels Retirement, Commits to TNT Sports for ‘Years to Come’

    The move comes as Warner Bros. Discovery was left on the sidelines of the NBA’s latest round of media rights negotiations

    By

    Lucas Manfredi
    August 6, 2024 @ 10:21 AM
    TV
    10:21 AM
    Charles Barkley Cancels Retirement, Commits to TNT Sports for ‘Years to Come’
  • Disney+ to Raise Price, Add Continuous Playlists for ‘Lean-Back’ Viewing Experience This Fall

    The offering, which launches in September, will make ABC News Live and a preschool content-focused playlist available at launch

    By

    Lucas Manfredi
    August 6, 2024 @ 10:00 AM
    Streaming
    10:00 AM
    Disney+ to Raise Price, Add Continuous Playlists for ‘Lean-Back’ Viewing Experience This Fall
  • Warner Bros. Discovery Looks to Pursue Smaller Asset Sales After Mulling Possible Break-Up | Report

    The media giant reportedly determined a split of streaming and studio businesses from linear could create “operational challenges”

    By

    Lucas Manfredi
    August 6, 2024 @ 7:14 AM
    Business
    7:14 AM
    Warner Bros. Discovery Looks to Pursue Smaller Asset Sales After Mulling Possible Break-Up | Report
  • Will Warner Bros. Discovery’s NBA Suit Save Face or Create New Headaches?

    Litigation may “irreparably” damage its relationship with the league, despite billions in lost revenue, analysts say

    By

    Lucas Manfredi
    August 6, 2024 @ 6:00 AM

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    WrapPRO
    6:00 AM
    Will Warner Bros. Discovery’s NBA Suit Save Face or Create New Headaches?

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  • Fox Corporation Net Income Slips to $320 Million as Company Reports Mixed Q4 Results

    The media company saw revenue of $3.09 billion, an increase of 2% compared to 2023, just missing Wall Street estimates

    By

    Natalie Korach
    August 6, 2024 @ 5:41 AM

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    News
    5:41 AM
    Fox Corporation Net Income Slips to $320 Million as Company Reports Mixed Q4 Results

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  • Game Informer Magazine Shuts Down After 33 Years

    The outlet’s entire staff was laid off by parent company GameStop on Friday

    By

    Lucas Manfredi
    August 2, 2024 @ 1:51 PM
    News
    1:51 PM
    Game Informer Magazine Shuts Down After 33 Years
  • AMC Suffers $32 Million Loss Amid Q2 Box Office Slump

    Revenue falls 23% year-over-year to $1.03 billion, but “Inside Out 2” provides late-quarter surge for theater chain

    By

    Jeremy Fuster and Alexei Barrionuevo
    August 2, 2024 @ 1:37 PM

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    Business
    1:37 PM
    AMC Suffers $32 Million Loss Amid Q2 Box Office Slump

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