With Skydances acquisition of Paramount now set to close in about two weeks, the companys current co-CEOs thanked staff Friday afternoon for their work during what has been an uncertain time. Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins sent the memo to staff, which was obtained by The Hollywood Reporter, shortly after the company set an Aug. 7 close...

The production company behind Rebel Wilsons directorial debut, The Deb, has stepped into the legal battle over the films release, accusing the actress of blocking a distribution deal with the intent of buying the rights to the musical herself. In a lawsuit filed on Thursday in Australia, AI Film alleges a prospective distributor withdrew its offer after Wilson threatened to...

U.S. and globalbox officeand total cinema revenue will not reach pre-COVID-19 pandemic levels by 2029, according to accounting firm PwCs annual closely-watched media and entertainment outlook report released late on July 23. In the U.S., pre-pandemic total cinema revenue is not forecast to be reached by 2029 despite a compound annual growth rate (CAGR)of 3.9 percent. PwC had recorded nearly...

Alphabet remains on a roll as its world-beating streaming-video platform YouTube continues to dominate. Wall Street forecast Alphabet Q2 2025 earnings per share (EPS) of $2.20 on revenue of $94.02 billion. The company, formerly known as Google, bested both by posting EPS of $2.31 on $96.4 billion in revenue. Net income was $28.2 billion, up 19 percent from the second...

Warner Music Group has named Alejandro Duque as the next president of its distribution arm ADA, the company announced Wednesday. The news comes a day after Cat Kreidich wrote in an internal memo to staff that shed be stepping down after four years at the helm. Along with his new role at ADA, Duque will continue his role as Latin...

Sonys unscripted studio Maxine Productions is adding to its executive team. Anneka Jones has been named executive vp development and current at Maxine, whose productions include IDs Quiet on Set: The Dark Side of Kids TV and Prime Videos Glitter and Greed: The Lisa Frank Story. Jones hiring marks a reunion for her with Maxine founder Mary Robertson; they previously...

With an unrivaled pool of creative and executive talent to draw from across Los Angeles, the question was always who from the worlds of film and television would Casey Wasserman tap to add Hollywood sizzle to the 2028 Olympic Games. We now have the answer. On Tuesday,LA28 chairman and president Wassermanannounced that producer and former Disney executive Peter Rice will...

Big changes will come to CBS and CBS News, once Skydances takeover of Paramount Global is closed. Skydance has told the Federal Communications Commission that once its acquisition of Paramount Global is complete, it will initiate a comprehensive review of CBS to ensure that the network is operating in the public interest, and that it will hire an ombudsman that...

On May 21, NBCUniversal trotted out stars, drones, fireworks, giant Bellagio-esque water fountains, and narration from Steven Spielberg to officially open its biggest bet yet on immersive experiential entertainment: Epic Universe in Orlando, Florida. But a few hours before the celebration, Comcast CEO Brian Roberts was still reflecting on what the proud moment for his company really meant. Standing on...

Warner Bros. Discovery has appointed Sasha Breslau and Alessandro Volpato to lead content acquisitions for HBO Max in the UK Ireland and Italy, respectively, as the company prepares for the streamers early 2026 rollout across multiple European markets. Breslau will join as Vice President, Content Acquisitions for the UK and Ireland in October 2025. Reporting to Ragnhild Thorbech, SVP of...

Canal+ has secured approval from South Africas competition tribunal for its proposed acquisition of MultiChoice Group, clearing the final regulatory hurdle in the country and paving the way for the French media giant to acquire Africas largest pay-TV group. Under the terms of the deal, Canal+ has made a mandatory cash offer of ZAR 125 ($7.11) per share to acquire...

K-content powerhouse CJ ENM has established a wholly owned subsidiary in Riyadh, becoming the first Korean entertainment company to set up operations in Saudi Arabia. The new entity, CJ ENM Middle East, marks a significant milestone in what the company has declared its first official year of global expansion, coinciding with the groups 30th anniversary in 2025. Establishing a presence...

At the top of a long list of questions surrounding President Trumps defamation lawsuit against the publisher of The Wall Street Journal: Does he expect to win the legal battle, or did he initiate it solely as a political stunt? And what does winning exactly mean to him? The circumstances around the filing of the lawsuit, which alleges that Trump...