Business
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Ted Sarandos Downplays Netflix M&A Reports, But Says Gaining Access to ‘Pools of IP’ Could Be ‘Super Interesting’
“We have traditionally been very strong builders over buyers,” Netflix’s co-CEO says
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Netflix CEO Ted Sarandos Says Double Strike Is ‘Not Outcome That We Wanted’
“We’re super committed to getting to an agreement as soon as possible,” the executive says
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Netflix Adds 5.9 Million Subscribers Amid Password-Sharing Crackdown
The streamer’s stock sank after it reported mixed second-quarter results, with revenue of $8.2 billion below Wall Street forecasts but earnings of $3.29 per share higher than expected
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Los Angeles’ On-Location TV Production Dropped 36% After WGA Strike, FilmLA Says
Reality TV helped stave off a complete collapse as shoot days for drama and comedy shows fell 64% and 73% compared to the same period last year
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New Contracts for Writers, Actors and Directors Could Cost Studios an Additional $600 Million Annually
The estimate comes via Moody’s Investor Service, whose analyst Neil Begley says that “some of this increased cost… is likely to be passed on to buyers”
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Netflix Faces a Tough Balance as It Kicks Off Hollywood Earnings Amid a Double Strike | Charts
If the streaming giant boasts of Wall Street-pleasing profits, will that fuel the unions’ cause?
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TV
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Hollywood’s Diversity Exec Exodus Exposes Industry-Wide Dysfunction – What Is the Path Forward? | Exclusive
“I had to make headlines exiting the Academy for conversations on my work to begin and that’s concerning,” Jeanell English, one of four DEI execs who left their posts recently, tells TheWrap
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TV
Available to WrapPRO members
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Media Mogul Mo Abudu Says Entertainment Should Look to ‘Afrofuturism’: ‘Be a Little Bit Less Risk-Averse’
Office With a View: The founder and CEO of Nigerian conglomerate EbonyLife Media says stories of slavery’s legacy “are not the only thing that defines who we are”
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Movies
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Former Netflix Content Chief Cindy Holland Joins Elisabeth Murdoch’s Production Company Sister as Global CEO
“I am passionate about the artist-forward ethos that Liz has fostered at the Sister entertainment group,” Holland said
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Luxury and Fashion Mogul Francois-Henri Pinault Eyeing Majority Stake in CAA (Report)
A potential deal between the Kering CEO and the Hollywood talent agency could fetch a valuation of at least $7 billion
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Amazon TV Head Confident in Studio’s ‘Big Swings’ on Globally Focused, Original Content
Vernon Sanders says shows like “Citadel” and “Jack Ryan” are “delivering on the strategy we need to deliver for the service”
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Bob Iger Says Linear TV Business ‘May Not Be Core’ to Disney
The Disney CEO is seeking a strategic partner to help take ESPN fully direct to consumer and reiterated plans to buy out Comcast’s minority stake in Hulu
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Bob Iger Says SAG-AFTRA, WGA Expectations ‘Just Not Realistic’
The Disney CEO warned a double strike would be “very disruptive” to the company’s business and the economy
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Imax Takes Full Control of China Subsidiary in $124 Million Deal
Premium format company says the move “will allow for new growth opportunities and applications of Imax technology in the Chinese market”
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Walt Disney Company Extends Bob Iger’s Contract Through 2026
Iger had returned to Disney in November of 2022
