Business
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Redbox Parent Company Files for Bankruptcy
Chicken Soup for the Soul Entertainment sought Chapter 11 protection on Friday, though the bankruptcy does not affect its publishing side
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Roku’s Joe Franzetta Is Leveraging Leagues, 3rd Party Partnerships to Create a ‘One-Stop Shop’ for Sports Content
Office With a View: The streamer’s sports head breaks down their plan for solving a pain point for consumers and his acquisition strategy around live rights
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Available to WrapPRO members
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TPG Launches Talent Management Business After Selling CAA Stake
The private equity firm’s new company set its first investment in Jason Weinberg and Stephanie Simon’s Untitled Entertainment
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Netflix New Mexico Production Hub Adds 4 Soundstages, More Across 108 Acres
The streamer has invested $575 million in local productions since 2019
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The Business of ‘Bridgerton’: How Netflix Is Capitalizing on One of Its Biggest Hits
The streamer is planning long term with product partnerships and live events connected to hit franchises
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Available to WrapPRO members
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Hallmark Media Hires Pluto TV SVP Anaïs Lempereur as CFO
Before her role at Paramount Global, she was vice president of finance for Sweetgreen
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A24 Raises New Funding Led by Josh Kushner’s Thrive Capital
The studio has seen a roughly 40% increase in value since its first fundraise in 2022, when it had a $2.5 billion valuation
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Paramount Would Remain Intact if Steven Paul-Led Investor Group Acquires National Amusements, Backer Says
“I think other people are going to break it. We don’t want to break it up,” Patrón cofounder John Paul DeJoria tells Fox Business
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Paramount’s CEOs Say Bankers Have Been Hired to Sell Assets, Talk Job Cuts in Town Hall
The trio also addressed ongoing M&A speculation, warning that they “cannot say that the noise will disappear”
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Uri Berliner, NPR Editor Who Wrote Free Press Essay Criticizing NPR Bias, Joins The Free Press
Berliner, who joins as a senior editor, said the outlet “provides America with groundbreaking, fearless, and independent-minded journalism”
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Disney Tops Nielsen’s Media Distributor Gauge for 2nd Consecutive Month With 11.4% Share
The cross platform tool introduced in April also saw The Roku Channel break into the top 10
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Available to WrapPRO members
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Revry’s Damian Pelliccione Is Proud to Be the ‘Byron Allen of LGBTQ Media’: ‘Standing for My Community’
Office With a View: The cofounder and CEO gets candid about the gatekeepers of Hollywood and ad tech, as well as how their queer streaming service seeks to change things
Available to WrapPRO members
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Available to WrapPRO members
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Paramount+ Joins Max, Peacock in Raising Prices
Paramount+ with Showtime increases to $12.99 per month, while its Essential plan jumps to $7.99 per month for new subscribers
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Cannes Lions Closer Tackles Why Sports Rights Are Leading the Streaming Wars: ‘A Ceiling Has Not Yet Been Reached’
“It is only in the last few years that we’ve seen the streamers coming here,” the fest’s managing director Simon Cook tells TheWrap
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Netflix Launches Ready-to-Eat Popcorn Line at Walmart Stores Nationwide
Now Popping comes in flavors including Cult Classic Cheddar Kettle Corn and Swoonworthy Cinnamon Kettle Corn
