Business
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Brands Are Buying Their Way Into Writers’ Rooms
People are turning to brands more openly for content funding as studio money dries up — but companies providing the money want to consult on script and other creative facets
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Business
Available to WrapPRO members
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Starz Posts Q2 Loss of $43 Million, Sheds 410,000 U.S. Subscribers
The company’s subs loss was driven by pressure on linear subscribers and a loss of 120,000 over-the-top subscribers
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Available to WrapPRO members
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Netflix Closes 2025 Upfront With Ad Commitments More Than Doubling
The streamer has sold out all available in-game inventory for its pair of NFL Christmas Day games
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New Paramount Speaks: Theatrical Films, Streaming Investment and Tech Upgrades Are Top Priorities
From more movies to courting talent, the leadership team’s second round with press focused more on content
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Available to WrapPRO members
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Telemundo Launches Sports-Focused FAST Channel ‘Deportes Ahora’
The offering will be available on Peacock, Xumo Play, the NBC News FAST hub and Telemundo.com on Aug. 14, with some content also set to livestream on YouTube
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Boston Celtics’ $6.1 Billion Sale Approved by NBA’s Board of Governors
The 18-time NBA champion team will be acquired by an investment group led by Bill Chisholm
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BET Networks Is No Longer for Sale, David Ellison Says
“Our intention is to keep the company together and invest through the lens of long-term operation,” the chief executive says during a Wednesday press conference
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Mario Gabelli Sues Paramount, National Amusements Over ‘Unfair and Inequitable’ Merger Payout
The class action on behalf of 750 class A shareholders follows the $8 billion Skydance deal’s closing last week
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Disney Marketing Shuffle: Asad Ayaz Named President of Disney Entertainment Marketing, Shannon Ryan Adds Streaming
Ayaz is now Chief Brand Officer, TWDC and President, Disney Entertainment Marketing while Ryan will oversee the integrated Disney+ and Hulu team
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Comcast Launches ‘World Soccer Ticket’ Fan Bundle for $85 per Month
The offering for Xfinity customers includes nearly 60 channels, Peacock Premium, an X1 device and 300 hours of cloud DVR
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NBCUniversal, US Golf Association Extend Media Partnership Through 2032
Versant also acquires media rights to the USGA championships for USA Network and Golf Channel
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Netflix Consumer Products VP Josh Simon Exits to Join Funko as CEO
The executive will also be on the toymaker’s board of directors starting Sept. 1
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Crunchyroll Sets Layoffs Due to Restructuring: ‘Not a Cost-Cutting Measure’
President Rahul Purini says the move is aimed at creating a “new organizational model that supports regionally-empowered teams to lean into anime fandom even further”
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Earnings Analysis: Streamers Hit Profit, but Competition for Subs Is Fierce
Netflix continues to dominate on subscribers and average revenue per user, while nearly all of the major streamers reported profits in their latest quarter
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