Business
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ESPN Scores 6-Year, $7.8 Billion Media Rights Extension for College Football Playoff
The agreement locks in the CFP’s exclusive home through the 2031-2032 season
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Paramount+ to Launch $6.99 Per Month Ad-Supported Tier in Canada, Australia
The streamer will also expand the rollout of its premium plan across Europe
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NBCUniversal Media Group Promotes David Pietrycha to Chief Business Officer
The executive will work closely with division leadership on investment decisions, including content rights, strategic partnerships and M&A
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Spotify Payouts to Artists Top $9 Billion for 2023 – Another New Record
More than 78,850 artists got a check, with 1,250 getting $1 million or more
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TikTok Ban Could Create Financial Windfall for Meta, Alphabet and Snap | Analysis
Wall Street analysts say the tech giants could get a split of billions in revenue
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Available to WrapPRO members
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Elon Musk Defends Ketamine Use: From Investor Standpoint, ‘If There’s Something I’m Taking, I Should Keep Taking It’ | Video
The billionaire denied ever abusing the drug, saying that doing so would prevent him from being able to accomplish his work
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Hollywood Brawl Intensifies: Michael Kassan Plots New Venture as Insiders Weigh MediaLink’s Future Without Founder
As UTA and Kassan trade barbs in dueling lawsuits, media execs wonder what happens to MediaLink — and if he can launch a rival business
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WrapPRO
Available to WrapPRO members
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Disney Reveals $25 Billion Return on Investment for Marvel, Star Wars Franchises Amid Proxy Fight
The tentpoles have generated $13.2 billion and $11.6 billion in value, respectively, since their $4 billion acquisitions in 2009 and 2012
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FCC to Require Cable, Satellite Operators to Show ‘All-In’ Pricing on Bills, Promotions With No Hidden Fees
The new rules are part of the Biden administration’s efforts to reduce “junk fees”
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Pete Distad Named CEO of Fox, Disney, Warner Bros. Discovery Sports Streaming Joint Venture
The former Apple TV+ and Hulu executive will oversee all aspects of the partnership, including strategy, distribution, marketing and sales
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Allen Media Group, Charter Communications Strike Multi-Year Carriage Agreement
The renewal will extend the Spectrum owner’s carriage of The Weather Channel, TheGrio, Justice Central.TV, Pets.TV, Recipe.TV and Cars.TV
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Jeff Zucker’s Telegraph Buyout Likely Dead as UK Government Moves to Block Sale
Conservatives want to change law to prevent UK media from being sold to foreign governments; Zucker’s RedBird IMI is backed by Abu Dhabi’s crown prince
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Former Treasury Secretary Steve Mnuchin Eyes TikTok Purchase After House Vote
The one-time Goldman Sachs executive says he’s putting together investor group to scoop up the video app
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UTA vs. Michael Kassan: A $125 Million Deal With an Advertising Powerhouse Blows Up
Kassan claims UTA retaliated after he quit in March. The agency alleges he misspent millions on a “lavish personal lifestyle”
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Gerald M. Levin, Time Warner CEO Who Oversaw AOL Merger Disaster, Dies at 84
Levin began his career as a programming executive for HBO in 1972
