Business
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Netflix Q2 Profits Surge 44% to $2.15 Billion As Streamer Adds 8 Million Subscribers
The company, which boosted its global subscribers 16.5% to 277.65 million, is expanding its lead over its competitors.
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Business
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Paramount Names Geoff Stier EVP of Production, Motion Picture Group
The veteran exec previously oversaw studio successes including “True Grit,” “World War Z” and the “Daddy’s Home” series
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Warner Bros Discovery Weighs Splitting Studio, Streaming Into Standalone as Stock Sags | Report
CEO David Zaslav is battling $39 billion debt load and stock stuck at $8, reports Financial Times
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LA On-Location Filming Drops 12% From Last Year Due to Declining Content Spend, ‘Post-Strike Paralysis’
A 56% drop in reality TV shoots is the biggest factor behind the industry-wide drop in production, according to the latest FilmLA report
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Warner Bros. Discovery Should Explore a Potential Sale or ‘Strategic Alternatives,’ Bank of America Says
“The current composition as a consolidated public company is not working,” Jessica Reif Ehrlich writes in a note to clients
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Warner Bros. Discovery Begins Layoffs Across Production, Business Affairs and Finance
The latest cost-cutting measures will impact a “significantly lower” number of employees than previous rounds
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Tyler Perry Launches Comedy, Drama FAST Channels With BET
The collaboration between the writer-producer and the network comes fresh off extending their partnership through 2028
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Streaming Reaches Record 40.3% of Total TV Usage in June, Boosted by Younger Audiences
Disney+, Netflix, Tubi and Max all notched double-digit gains during the month, according to Nielsen’s latest Gauge report
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Netflix Promotes Natalie Bjelajac to VP of US Publicity, Events and Publishing
The executive has worked on campaigns for “Don’t Look Up,” “Glass Onion: A Knives Out Mystery” and “Damsel”
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LinkedIn Founder Clarifies Quip Wishing He’d Made Trump a ‘Martyr’
Tech entrepreneur Reid Hoffman says his Friday comment meant the former president should “martyr himself” and “let himself be held accountable for his assaults on and lies about women”
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Top Paramount Shareholder Sets Lawsuit in Motion With Docs Request for Shari Redstone’s Skydance Payday
Investor Mario Gabelli raises concerns over what the National Amusements head will receive for her A shares in Sunday’s deal
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Dax Shepard’s ‘Armchair Expert’ Podcast Inks $80 Million Deal With Amazon’s Wondery, Leaving Spotify
The pact covers the actor developing two new shows, hosting live streams and a first-look agreement for future podcast ideas
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NFL Monitoring Paramount-Skydance Merger Impact, Commissioner Says
Roger Goodell isn’t ruling out a renegotiation of the football league’s rights agreement with CBS
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Nina Jacobson and Brad Simpson’s Color Force Banner Signs Producing Deal With Sony Pictures
“We are thrilled to have this overall film deal with Color Force,” Sony Pictures’ Motion Picture Group presidents Josh Greenstein and Sanford Panitch say
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Paramount Can Extend Skydance Merger’s Go-Shop Period if It Enters ‘Good Faith’ Talks With a Rival Bidder
The media conglomerate, which will have until Aug. 21 at 11:59 p.m. to actively solicit and evaluate other bids, could extend the window to Sept. 5 in the event of a “superior” proposal
