Business
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James Cameron, Ari Emanuel Voice Support for Skydance’s Paramount Bid
The “Avatar” director believes it “could be a huge boon for this business” if David Ellison’s company buys the major studio
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Warren Buffett Says Berkshire Hathaway Sold All of Its Paramount Stock: ‘We Lost Quite a Bit of Money’
“It was 100% my decision,” the CEO said during the company’s annual meeting on Saturday
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Bob Bakish Gets $258K Per Month Through October, Pro-Rated Bonus in Paramount Exit Package
Bakish resigned as CEO earlier this week but will stay on as a senior advisor through Oct. 31
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Paramount Lets Skydance Exclusivity Window Expire With No Deal
The move comes as Sony and Apollo have submitted a joint $26 billion all-cash offer
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Paramount, Skydance Exclusive Talks Window Likely to Close Without a Deal, So What Happens Next?
The board’s special committee faces a tough choice: go through with an unpopular Skydance sale, explore Sony and Apollo’s $26 billion offer or go it alone
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WrapPRO
Available to WrapPRO members
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Apple Revenues Slip 4% to $90.75 Billion on Weaker Device Sales
Net income also fell 2% to $23.64 billion despite the device maker scoring a 14% jump in Services revenues to a quarterly record
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Paramount Shares Climb Over 13% as Sony, Apollo Make $26 Billion Offer
The non-binding expression of interest comes as exclusive discussions with David Ellison’s Skydance Media are set to expire on Friday
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Sony Pictures Television Names Kate Gill as SVP of Comedy Development
The former Paramount TV Studios exec will oversee development for new comedy series across all platforms
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Paramount Shareholder Asks for Court Order to Obtain Documents Tied to Skydance Merger Talks
The Employees’ Retirement System of Rhode Island is concerned Shari Redstone may be interfering with the board’s ability to find the best deal for shareholders
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Fubo, Dish, DirecTV Urge Congress to Hold Hearing on Future of Pay TV Competition
The letter warns that Fox, Disney and Warner Bros. Discovery’s sports streaming joint venture raises “serious competition concerns”
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Fox-Disney-WBD Sports Streaming Joint Venture Taps Jessica Casano-Antonellis as Communications SVP
The SiriusXM veteran will serve on the JV’s executive leadership team and be responsible for all comms for the upcoming platform
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Cinemark Stock Jumps as $579 Million Q1 Revenue Beats Expectations
The Texas-based theater chain dipped just 5% from 2023 revenue despite lower box office performance compared to last year
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Movies
Available to WrapPRO members
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Tyler Perry Studios, Asylum Entertainment Group Form Unscripted Content Joint Venture
The partnership will be overseen by Tyler Perry Studios’ vice president of unscripted programming Antoinetta Stallings
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Which Streaming Movies and Shows Get to Go to DVD and Blu-ray?
Shows like Netflix’s “Wednesday” illustrate how a physical release depends on distribution deals, IP considerations and shrinking retail space
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WrapPRO
Available to WrapPRO members
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Fubo Sports Streaming Platform Cuts Ties With Warner Bros. Discovery, Citing ‘Abuse of Massive Market Power’
The media company accuses WBD of refusing “to engage in good faith negotiations”
