Business
-
ESPN Bet, the Sport Network’s Venture Into Gambling, Launches Tuesday
The app, powered by casino operator Penn Entertainment, seeks to take market share from leaders DraftKings and FanDuel
-
Back to the Future: Business Insider Re-Adopts Its Old Name
Co-founder Henry Blodget steps down as CEO, Barbara Peng elevated to lead the publication
-
Hollywood Unions’ 3-Year Contracts to Collectively Cost Studios ‘Close to $600 Million’ Per Year, Moody’s Estimates
The agency expects studios to use fewer A-list actors, greenlight less on-location filming and trim post production spending
-
How the Major Streamers Stack Up Right Now in Subscribers and Revenue | Charts
The legacy media giants made progress narrowing losses in their streaming divisions, though Netflix continues to remain the market leader
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
Fox Names Conservative Lawyer Adam Ciongoli as Chief Legal Officer
He replaces Viet Dinh, who was removed in the aftermath of the $787.5 million settlement with Dominion Voting Systems
-
Growth at Dow Jones Drives News Corp. to Narrowly Beat Wall Street Q1 Estimates With $2.5 Billion in Revenue
The media company, which owns The Wall Street Journal, reported net income of $58 million, a 12% drop from the previous year
-
AMC Entertainment Shares Drop 10% on Plan to Sell New Stock
The theater chain reported stronger-than-expected Q3 results but investors sent shares down on the new issue
-
Jeffrey Katzenberg Says Animated Films Costs Could Plummet 90% With AI
DreamWorks co-founder and former Disney exec says artificial intelligence will require new forms of creativity
-
Sony Net Income Plunges 29% in Q2 to $1.32 Billion, Fueled by Decline in Entertainment, Financial Services
The tech giant, which reported revenues of $18.7 billion, missed Wall Street forecasts for the first time in four quarters
Available to WrapPRO members
Movies
Available to WrapPRO members
-
Bob Iger Admits ‘Challenged’ Linear Ad Market but ‘Bullish’ on Overall Outlook: ‘Not as Bad as Some People Think It Is’
The comments stand in contrast to Warner Bros. Discovery’s gloomier outlook earlier Wednesday
-
Bob Iger Says Disney Won’t License ‘Core Brands’ to Competitors Like Netflix
But the CEO did say the company is in talks with Netflix to license other content
-
AMC Theaters Rides ‘Barbie’ and ‘Oppenheimer’ to $1.4 Billion in Q3 Revenue
Theater chain turns profit for second straight quarter, but strike-related concerns still loom large
-
Disney+ Hits 112.6 Million Core Subscribers, Adding Nearly 7 Million in Q4
The entertainment giant reported adjusted earnings of 82 cents per share on revenue of $21.24 billion
Available to WrapPRO members
WrapPRO
Available to WrapPRO members
-
SAG-AFTRA and WGA Strikes Cost Endeavor $40-$50 Million in Q3, Company Says
CEO Ari Emanuel stated in Wednesday’s earnings call that he expects the actors’ strike to end “in the next couple days”
-
Warner Bros. Discovery Stock Tumbles Over 18% on Ad Market Uncertainty
“The timing of an ad recovery is currently difficult for any of us to predict with any conviction,” chief financial officer Gunnar Wiedenfels told analysts Wednesday
Available to WrapPRO members
Business
Available to WrapPRO members