Business
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Range Media Partners Secures Minority Investment From Liberty Global, Wildcat Capital Management, Playground Productions
The investment will go towards strategic acquisitions and other growth initiatives
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David Ellison May Be a Daredevil. But Is He Ready to Run Paramount?
The Skydance CEO is a born risk-taker and now the Paramount deal makes him set to be one of the most powerful people in Hollywood
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Available to WrapPRO members
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Spotify Shares Jump 12% as Streamer Swings to Q1 Profit
The Swedish company credited its growing list of offerings, including videos and audiobooks, for the strong results despite slowing subscriber growth
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Disney Entertainment Chief Technology Officer Aaron LaBerge to Step Down After 20 Years
The executive will join PENN Entertainment in June, which operates ESPN’s online sportsbook
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New York Judge Sets Hearing for Fubo, Fox-Disney-WBD Sports Streaming Legal Fight
The preliminary injunction hearing has been set for Aug. 7
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John Malone Steps Down From Charter Communications Role Due to Concern Over Antitrust Law
The director emeritus’ exit follows that of two WBD execs earlier this month, following a Department of Justice inquiry
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‘FBI’ Showrunner Stepping Down After 6 Seasons
Rick Eid, who has served in the role since the series’ debut, is shifting his focus to running “Law & Order” and new projects
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Netflix Shares Sink 7% as Disappointing Forecast Weighs on Shares
Increased subscribers gave the streamer a nearly 15% first-quarter revenue jump, but Wall Street saw its full-year guidance as weak
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David Zaslav’s Pay Rose 26.5% to Nearly $50 Million in 2023
The hefty raise came as Warner Bros. Discovery slashed spending and enacted layoffs
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Showdown on the Croisette: Michael Kassan to Take on His Ex-Firm MediaLink at Cannes Lions
The former CEO now involved in an epic legal battle with MediaLink owner UTA will make a personal comeback at the June ad fest
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News
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Could a Sony-Apollo Joint Bid Stop a Paramount Shareholder Revolt? | Analysis
But for now, Skydance Media still has until May 3 to turn exclusive talks with the studio into a deal.
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WrapPRO
Available to WrapPRO members
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Netflix 2023 Executive Pay: Ted Sarandos Dips to $49.8 Million, Greg Peters Tops $40 Million
Ex-CEO Reed Hastings, who serves as executive chairman, received $11.2 million for the year, down from $51 million in 2022
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Sony and Apollo in Talks for Joint Paramount Bid
The two companies may submit a competing bid after Paramount’s exclusivity window with Skydance expires
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Paramount-Skydance Deal Unlikely to Close in 30-Day Window, Due Diligence Continues | Exclusive
The deal, which requires approval by the Paramount board, is likely to take closer to 60 days, an insider tells TheWrap
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Business
Available to WrapPRO members
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Netflix Q1 Revenue Surges 14.8% to $9.3 Billion, Driven by Boost in Subscribers, Pricing Changes
The streamer’s shares slipped as much as 5% in after-hours trading on Thursday
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Business
Available to WrapPRO members