Business
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Vivendi Board Sets December Shareholder Vote on 4-Way Split of French Media Giant
If the move is approved by shareholders, former Paramount Global CEO Bob Bakish would join the board of Canal+
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James Gorman Draws on Succession Experience to Replace Disney’s Bob Iger
The Aussie Wall Street veteran previously helped Disney defeat Nelson Peltz’s proxy challenge.
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Available to WrapPRO members
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Netflix, Disney, Comcast, Google, Warner Bros. Discovery and Paramount to Spend Combined $126 Billion on Content in 2024
The estimate from Ampere Analysis includes $40 billion allocated towards the companies’ streaming services
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Washington Post Loses Over 200,000 Subscribers After Bezos Nixes Harris Endorsement
The lost subscribers represent about 8% of the paper’s total paid circulation
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David Ellison, Skydance Tap Cindy Holland as Senior Advisor Ahead of Paramount Merger
The Sister global CEO departs as the company will close its Los Angeles film and television office at the end of 2024
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Endeavor Exploring Sale of Miami and Madrid Opens, Frieze
The review comes ahead of private equity firm Silver Lake taking the company private in 2025
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Telemundo Studios Names Monica Albuquerque SVP of Content and Development
The former Warner Bros. Discovery Latin America executive will oversee strategy across linear and streaming platforms including Telemundo Network, Universo and Peacock
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TKO Buys On Location, IMG, Professional Bull Riders From Endeavor in $3.25 Billion All-Equity Deal
The WWE and UFC parent also authorized a $2 billion share repurchase program for its Class A common stock
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OBB Media Sets Former E!, Dick Clark Boss Adam Stotsky as Chief Strategy & Commercial Officer
The former NBC Entertainment CMO will also be president of OBB’s new branded content business, Bolded
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Paramount-Skydance Deal Shareholder Damages Could Exceed $1.65 Billion, Pension Fund Says
CalSTRS argues Sony and Apollo’s $26 billion offer implies a “significantly higher value” and “greater damages” than the $15 per share used in an earlier calculation by investor Scott Baker
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Disney’s Succession Plan: Who’s In and Who’s Out in the Race to Rule the Magic Kingdom | Analysis
Following Disney’s announcement that a Bob Iger successor would be chosen in 2026, TheWrap breaks down the frontrunners
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WrapPRO
Available to WrapPRO members
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Untitled Entertainment Acquires Jeff Silver and Matt Rosen’s Grandview
The transaction marks the first of its kind for TPG’s Initial Group umbrella since acquiring Untitled in June
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Disney Names James Gorman Chairman of the Board, Says Iger Successor to Come in Early 2026
The boardroom shakeup puts the former Morgan Stanley CEO in the lead seat as Mark Parker makes his scheduled exit
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Netflix Stock Rallies 11% After Q3 Earnings Beat
Shares of the streamer, which are up more than 120% in the past year, closed at $763.89 on Friday – just shy of its 52-week high
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Paramount Streaming Strategy Chief Jeff Shultz to Step Down
Paramount Streaming CEO Tom Ryan and U.S. Network Distribution president Ray Hopkins will step in to relieve the longtime exec’s duties
