Business
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CNN Pays Don Lemon $24.5 Million to Settle Anchor’s Network Ouster | Exclusive
The former primetime anchor was ousted 10 months ago after butting heads with “CNN This Morning” cohosts
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Streaming Revenue Will Overtake Pay TV This Year, Research Firm Predicts
Ampere Analysis believes ad-supported streaming revenue will pass $9 billion in the U.S. this year, bolstered by Prime Video’s new ad tier offering
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Blackwells Capital Calls on Disney to Prioritize Artificial Intelligence, Spatial Computing
The activist investor believes the technologies could be leveraged for character meet and greets, travel booking, crowd control and navigating theme park visits
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Whoopi Goldberg to Develop Exclusive Programming for New Black-Owned Streamer BLKFAM
The actress and comedian joins the free, ad-supported platform from former WarnerMedia exec Larry Adams as an equity partner
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Paramount Placed on Negative Credit Watch by S&P Global
The move indicates a lack of faith in the studio’s transition from traditional TV to streaming
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Warner Bros. Discovery Shares Dive 13% on Q4 Results
The stock hit its lowest point since the company was created in 2022 following the disappointing report
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Engadget Lays Off 10 Staffers in Latest Media Contraction
Editor-in-Chief Dana Wollman and Managing Editor Terrence O’Brien are among those let go at the tech-focused site
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Max Will Be Available in Bundle With Mega Sports App, David Zaslav Says
Warner Bros. Discovery CEO confirms that joint venture app with Fox and Disney will access non-sports content
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Warner Bros. Discovery Adds 1.8 Million Subscribers, Narrows Streaming Loss 75% to $55 Million in Q4
WBD Earnings: Lower content spend, cost cutting help offset 12% linear advertising revenue decline and strikes impact, but shares plunge
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Available to WrapPRO members
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Reddit Inks $60 Million-a-Year Deal To Train Google AI Ahead of Expected IPO | Report
It’s the first deal the social media platform has made with one of the major artificial intelligence companies
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Warner Bros. Discovery Streaming Subscriber Growth, Profitability to Take Q4 Earnings Spotlight
Wall Street will be watching to see if the media giant can reverse recent subscriber declines and keep up profitability momentum
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Available to WrapPRO members
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Sony Promotes Bob Lawson to Global Head of Communications
Lawson, who previously served as chief communications officer for Sony Pictures Entertainment, will join the parent company’s leaders in Tokyo
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BuzzFeed Sells Complex to Commerce Platform Ntwrk for $108.6 Million
The merger, an all-cash deal that includes a partnership with Universal Music Group, comes two years after BuzzFeed initially acquired Complex for nearly $300 million
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Craig Mazin Extends Overall Deal at HBO and Max
“The Last of Us” and “Chernobyl” creator is sticking with the Warner Bros. Discovery platforms for another four years
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Why Hollywood Can’t Seem to Solve the Streaming Bundle Puzzle
Consumers want to manage all their subscriptions — even non- streaming video — in one interface, experts tell TheWrap
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