Business
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David Zaslav Begins Informal Talks to Replace Warner Bros. Studio Heads Michael De Luca, Pamela Abdy | Report
Despite the early-stage discussions, a final decision on the pair’s future at WBD has not been made, Bloomberg notes
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Ted Sarandos Says Netflix Is in the ‘Spending Time Business’ vs. YouTube’s ‘Killing Time’ Business
The streamer’s co-CEO calls the Alphabet-owned video platform good to “cut your teeth on,” but argued creators make content at their own financial risk
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FCC Opens Investigation Into Disney for Going ‘All In’ on DEI
Chairman Brendan Carr says he is concerned the media giant’s policies may violate the agency’s “prohibitions on invidious forms of discrimination”
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‘Bond Bit Her on the Ass’: Jen Salke Exits a Changing Amazon Studios That She Helped Grow | Analysis
The TV exec helped Amazon plant a stake in mainstream pop culture but leaves as the studio plots its big screen plans
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Business
Available to WrapPRO members
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ESPN Ending LA-Based ‘SportsCenter,’ Asks Employees to Relocate to Connecticut
The move will impact 35, or 13%, of the 229 employees in the sports network’s West Coast production center
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Patrick Whitesell’s New Media Company Takes Minority Stake in Peyton Manning’s Omaha Productions
The Silver Lake-backed venture’s first investment comes after the private equity firm closed its deal to take Endeavor Group Holdings private
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Paramount, iSpot Team Up to Increase Transparency Around Consumer Ad Response
The media giant’s adoption of the measurement firm’s new Outcomes at Scale offering marks its latest partnership with a Nielsen competitor
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FCC to Investigate Disney Over DEI Practices
Brendan Carr says he’s putting the “finishing touches” on a letter for the ABC parent company
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Top YouTube Creators Plan to Woo Madison Avenue by Showcasing the New Appointment TV
The talent behind mega-hit channels like MrBeast and Dude Perfect will use the Spotter Showcase event to reveal how audiences are engaging with them
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TV
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X Ad Revenue Surges for First Time Since Elon Musk Purchase
The social media platform’s ad sales are projected to jump 16.5% to $2.26 billion this year
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2025 Ad-Spend Projection Downgraded as Media Faces ‘Stagnating’ Sales
Traditional media companies like TV and radio channels are expected to see a 1% drop in annual sales to $103 billion, Magna estimates
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Ari Emanuel Scores $174 Million Cash Payout in Endeavor Go-Private Deal
The executive rolled over ownership interests with a total value of $290.27 million, per the disclosure with the U.S. Securities and Exchange Commission
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Warner Bros. Discovery Takes Minority Stake in Dubai’s OSN Streaming Limited
The deal, which will be completed in stages and is subject to regulatory approval, will see WBD pay $57 million for a 30% stake
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StubHub Files for IPO, Reveals 2024 Revenue Jumped 30% to $1.7 Billion
But the secondary market concert ticket vendor reported a loss of $2.8 million compared to the $405 million profit it made in 2023
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FCC Chair Threatens to Block M&A for Companies That Embrace DEI Policies
“If there’s businesses out there that are still promoting invidious forms of DEI discrimination, I really don’t see a path forward,” Brendan Carr says