Business
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DirecTV, Dish Network Back Fubo in Disney-Fox-WBD Sports Streaming Legal Fight
In a motion to dismiss Fubo’s lawsuit, the studios argued it “does not offer any plausible basis to conclude that it will ever suffer antitrust injury” from their joint venture
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CAA Centralizes Global TV Division to US and UK Following March Layoffs
There are no new job losses associated with the restructuring, an individual with knowledge tells TheWrap
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Former WarnerMedia Exec Sandra Dewey Joins Media Res as Chief Operating Officer
Dewey will guide the TV studio and film production company’s domestic and international scripted and non-fiction initiatives
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Prime Video Advertising ‘Off to a Strong Start’ and ‘Growing Quickly,’ CEO Andy Jassy Says
The streamer launched its ad tier in January, where brands can reach over 200 million monthly viewers
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Skydance to Meet With Paramount Global Management Next Week Amid Merger Talks
David Ellison’s media company is in the process of due diligence, an individual familiar with the negotiations tells TheWrap
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ESPN, Peyton Manning’s Omaha Productions Extend Partnership Into 2034
The nine-year deal will see the sports network continue to air “Manningcast” and more across platforms
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Former Netflix Exec Jane Wiseman Joins Sister as US Television Head
The executive will focus on development and production of the company’s premium scripted series
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Paramount Shareholder Aspen Sky Trust Urges Board to End Exclusive Talks With Skydance
The firm, which owns approximately 6.57 million shares, accuses the board of violating its fiduciary responsibility by denying other viable bidders a 30-day due diligence period
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Disney Candidates Won Overwhelming Majority of Votes at Shareholder Meeting, Official Tally Reveals
Roughly 68% of the entertainment giant’s total 1.83 billion outstanding shares were represented at the meeting
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Trump’s Truth Social Share Price Falls Again, Now Down 53% From High
Shares of Trump Media & Technology Group closed at $37.17 on Monday, after plummeting last week
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Cross-Border State Rivalries Drive Up Size of Production Subsidies
Oklahoma beats out Texas for some films and series; New York sweetens its pot to counter efforts by New Jersey
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YouTube Trick-Shot Stars Dude Perfect Score $300 Million Investment
Private equity firm Highmount Capital said it’s partnering with the quintet it called a “media juggernaut”
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Investors Call Skydance Deal for Paramount ‘Suboptimal’ and Warn of Lawsuits
Majority owner Shari Redstone is “only looking out to maximize the value of Shari Redstone” says one large shareholder, who says the board needs to also consider Apollo Global’s bid
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Paramount Shareholder Says Skydance Media’s ‘Suboptimal’ Bid Would Be ‘Detrimental’ to Company Value
Matrix Asset Advisors argues the deal “prioritizes the interests of one shareholder over the broader shareholder base”
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Skydance’s Paramount Offer Would Include Up to 50% Ownership Stake, Raising New Equity | Report
The deal would include a consortium of investors, including RedBird Capital, KKR and Oracle cofounder Larry Ellison