Business
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On-Location LA Filming Drops 8.7% in Q1
Los Angeles’ post-strike production rebound has taken eight to 10 weeks to materialize, according to FilmLA
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Telemundo Elevates Ronald Day to President of Telemundo Studios, Names Javier Pons as EVP
Day has spearheaded production on “La Casa de los Famosos,” “Los 50,” “Exatlon,” “Top Chef VIP,” the Billboard Latin Music Awards, Miss Universe and more
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Google Fires 28 Staffers Involved in Office Protests Over Israel Contract
The employees protested a $1.2 billion cloud-computing pact in multiple offices across the U.S.
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Music Rights Buyer Hipgnosis, Home to Justin Bieber and Neil Young Catalogs, Sells to Concord for $1.4 Billion
The London company spent nearly $3 billion on catalogs but was unable to produce returns for its investors
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Lionsgate SPAC Merger, Studio Spinoff Expected to Close in May
The new company, Lionsgate Studio Corporation, will trade on the NASDAQ under the ticker symbol LION
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Netflix’s Next Phase of Growth Hinges on Pricing, Paid Sharing and the Ad Tier
“The big challenge is accepting that… they’re going to be a low growth, extraordinarily profitable company,” one analyst tells TheWrap
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WrapPRO
Available to WrapPRO members
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Disney, WBD and Fox Grilled by US Reps on Sports Streaming Joint Venture, Anticompetitive Concerns
Representatives Jerry Nadler and Joaquin Castro have 19 questions on how the new offering affects “access, competition and choice in the sports streaming market”
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Lionsgate Television Strikes New Multi-Year Deal With EVP Lee Hollin
The television programming executive will continue to oversee approximately 20 series for streaming, cable and broadcast networks
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DOJ Preps Antitrust Lawsuit Against Ticketmaster Parent Live Nation | Report
The concert promoter is supposed to be operating under a deal that prevents it from bullying venues into using Ticketmaster
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MediaLink Sets Mostly Female Leadership Team After Michael Kassan Exit
Owner UTA promotes Donna Sharp, Andrea Kerr Redniss and Lena Petersen ahead of Cannes
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Paramount’s ‘Dramatic’ Stock Decline Shows a Lack of Faith in Skydance’s David Ellison, Ariel Investments Founder Says
John Rogers Jr., whose firm owns a 1.8% stake, calls the exclusive talks “unprecedented” and tells TheWrap he’s not ruling out litigation
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Movies
Available to WrapPRO members
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Chris Brearton Joins the Russo Brothers’ AGBO as Partner
The veteran exec served as VP of corporate strategy at Amazon, overseeing the integration of MGM after its acquisition
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Paramount Pursuit of Skydance Exclusive Talks Over Competitive Bids ‘Averse to Fair Market Value,’ Investor Says
Ariel Investments, which owns a 1.8% stake, also expressed concern that board changes could compromise its ability to act on behalf of all shareholders
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Paramount Global CEO Bob Bakish’s Pay Dips to $31.25 Million in 2023
The package, down from $32.04 million in 2022, includes a $3.1 million base salary and approximately $15.5 million in stock awards
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Four Paramount Board Members to Step Down Amid Merger Talks
Their departures come as David Ellison’s Skydance Media is in exclusive talks to acquire control of the media conglomerate through Shari Redstone’s National Amusements