Business
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Investigation Discovery Names Kathryn Vaughan as Head of Production
The executive recently worked on the true crime network’s docuseries “The Price of Glee,” “Death by Fame” and “Murder in the Heartland”
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Universal Music Group Acquires 25% Minority Stake in Chord, Owner of Catalogs Including The Weeknd, John Legend
UMG pays $240 million for a piece of more than 60,000 songs owned by the company
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Walmart to Buy TV Maker Vizio for $2.3 Billion
The deal is aimed at building the retail giant’s advertising business, taking advantage of the growth in FAST TV
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Comcast, Paramount In Talks to Combine Streaming Platforms | Report
The parents of NBC and CBS could combine Peacock and Paramount+, which lag behind larger streaming players
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DOJ to Launch Antitrust Review of Disney-Fox-WBD Sports Streaming Venture
Critics of the team-up argue that it’s “anticompetitive” and could potentially harm pay TV providers and consumers
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Roku Shares Plummet 23% as Wall Street Sours on 2024 Outlook
A slowdown in industry spending and rising competition wiped out all of the stock’s gains in the last quarter
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Jeff Zucker’s Redbird IMI to Acquire ‘The Traitors’ Studio All3Media for $1.45 Billion
Warner Bros. Discovery and Liberty Global Ltd. are selling the company
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Cinemark Revenue Rises 6.5% to $638.9 Million Despite Weak Q4 for Box Office
The theater chain reported an all-time high food and beverage per cap of $5.68 per patron
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News
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Paramount to Shut Down Noggin After Company Layoffs
The interactive learning platform for preschoolers will no longer take new subscribers
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Paramount’s Chris Petrikin Joins Consulting Firm Actum as Managing Director
The comms executive, also formerly of 20th Century Fox, will run the company’s entertainment and media division
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Roku Stock Plunges 17% on ‘Challenging’ Media and Entertainment Outlook for 2024
The streamer and hardware maker topped 80 million active accounts in 2023, up 14% year over year
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WrapPRO
Available to WrapPRO members
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Paramount Shares Drop About 7% After Warren Buffett’s Berkshire Hathaway Sells 1/3 of Stake
Prior to the sale, Buffett’s company owned approximately 15% of the entertainment giant
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Disney Promotes Debra OConnell to News Group and Networks President
The executive, who currently oversees ABC Owned Television Stations, will add ABC News to her purview
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Nelson Peltz Slams Disney’s Sports Streaming Joint Venture, $1.5 Billion Epic Games Stake
The activist investor argues that “throwing spaghetti at the wall” is not going to feed shareholders who have been “starved of returns for so long”
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FX Boss John Landgraf Explains How Peak TV Changed Consumer Expectations ‘Forever’
“You can’t unring that bell” the executive tells TheWrap of consumer expectations about TV quality and speed
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TV
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