Business
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Saudi Investment in MMA Competitor Sends Endeavor, WWE Stock on Wild Ride
Endeavor’s UFC and World Wrestling Entertainment are set to finalize their merger by the end of the month
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Barry Diller Says Legacy Studios Need to Split From Netflix and Make Deals with Actors, Writers
The former studio exec warns the impact will be “catastrophic” if strikes extend past September
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Starz Lowers Price on Annual Subscriptions by $5
The Lionsgate-owned streamer will now charge $69.99 per year, down from $74.99
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Disney Entertainment Television Taps Former Biden Adviser Remi Yamamoto as Media Relations VP
The former special assistant to President Biden will oversee messaging and communications strategies for the division’s programming executives
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Mark Thompson Is an ‘Inspired Choice’ as CNN Reinvents Itself for the Digital Age
Insiders weigh in on the news network’s new CEO, who must navigate entering the streaming arena as linear viewing erodes
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TV
Available to WrapPRO members
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Diversity Tested at Paramount TV as 13 People of Color Exit in 2 Years | Exclusive
TV president Nicole Clemens has restructured studio and streaming, and executives of color are leaving
Available to WrapPRO members
TV
Available to WrapPRO members
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NBCUniversal Taps Former Netflix Exec Zoë Friend as Consumer Insights EVP
The industry vet will help guide key business decisions and evolve the media giant’s TV and streaming strategies
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Wall Street Confidence in Hollywood Studios at Risk if Strikes Prolonged, Says NYC Comptroller
Brad Lander and five pension fund trustees call on Paramount, Comcast and Disney executives to “end the WGA and SAG-AFTRA strikes promptly”
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Apple-ESPN Strategic Partnership or Acquisition Is ‘No Brainer,’ Analyst Says
Wedbush’s Dan Ives says the potential move would be “much more attractive” than the tech giant buying Disney
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How the Hollywood Strikes Could Deal Another Blow to the Already Shrinking Linear TV Business | Charts
New data reveals advertisers spent less on broadcast and cable in the 2023-2024 upfront, despite media companies touting overall pricing and volume growth in negotiations
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TV
Available to WrapPRO members
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Paramount Global Backs Off From Sale of BET Media Group Majority Stake
The Company began exploring the possibility in March
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HBO and Max Marketing Team Hit With Layoffs
Warner Bros. Discovery’s cuts are in the double digits, a person familiar with the matter tells TheWrap
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Hasbro Entertainment Locks In Leadership Team With eOne Execs Olivier Dumont, Zev Foreman and Gabriel Marano
The division, which is actively developing, producing and financing over 30 projects, will focus on brands including “Dungeons & Dragons” and “Transformers”
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Activist Investor Nelson Peltz Grew Disney Stake in Q2
The Trian Partners founder, who dropped a proxy fight against the company in February, held 6.42 million shares at the end of the second quarter
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Top Pay-TV, Cable Providers Lost 1.73 Million Subscribers in Q2
The losses come as linear viewership fell below 50% for the first time ever, according to Nielsen
