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Lucas Manfredi

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Skydance’s $80 billion debt dwarfs its merger savings math

Skydance’s $80 billion debt dwarfs its merger savings math

TheWrap’s Lucas Manfredi reports that Skydance faces nearly $80 billion in net debt after closing its Paramount-Warner Bros. Discovery merger, with a debt-to-EBITDA ratio Fitch pegs at 7.8 times, well above the 2-to-3 times standard for media companies.

Streaming

Starz narrows losses as streaming growth offsets linear decline

TheWrap’s Lucas Manfredi reports Starz posted its second straight quarter of revenue growth, with total revenue up 0.5% to $322.4 million and net loss narrowing to $34.8 million.

Nov 2
Streaming

Amazon: Prime Video’s run rate now in the ‘tens of billions’

TheWrap’s Lucas Manfredi reports Amazon CEO Andy Jassy said Prime Video’s revenue run rate has reached the “tens of billions” of dollars and remains profitable.

Nov 2
Measurement

YouTube’s TV viewing share hits record 15.8% in August

TheWrap’s Lucas Manfredi reports that Nielsen’s Media Distributor Gauge shows YouTube grew its TV viewing share 6% to a record 15.8% in August, even as overall TV usage fell 4.4% post-World Cup.

Oct 22
Streaming

Witherspoon buys back Hello Sunshine from Candle Media at steep discount

TheWrap’s Jose Alejandro Bastidas and Lucas Manfredi report that Reese Witherspoon, partnering with Mediawan, is reacquiring a majority stake in Hello Sunshine for “low- to mid-eight figures.”

Oct 15
Streaming

Netflix readies layoffs affecting 5% of staff, Puck reports

Puck’s Matthew Belloni reports that Netflix is preparing a restructuring cutting about 5 percent of its roughly 17,000 employees, or around 850 jobs, with an announcement possible as early as next week. Netflix declined to comment to Puck on the plan.

Oct 10
Creators

The Only Agency buys London’s The Blogger Agent

TheWrap’s Lucas Manfredi reports that The Only Agency is acquiring The Blogger Agent, a London creator talent shop with a combined roster reach of over 100 million followers across fashion and beauty.

Oct 8
Streaming

Skydance CEOs warn of layoffs, $6B in cuts after WBD deal closes

TheWrap’s Lucas Manfredi reports that Skydance co-CEOs David Ellison and Ynon Kreiz told staff at their first town hall to expect “difficult decisions” as the company targets $6 billion in cost savings over three years following the Paramount-Warner Bros. Discovery merger close.

Oct 7
Streaming

Banks finish $52 billion debt sale for Paramount-WB merger

TheWrap’s Lucas Manfredi reports Wall Street banks closed a roughly fifty-two billion dollar debt sale funding the one hundred ten billion dollar Paramount-Warner Bros. Discovery merger, selling investment-grade debt, junk bonds and loans in just a week despite investor paper losses.

Oct 5
Streaming

Judge approves Paramount-Warner Bros. Discovery merger settlement

TheWrap’s Lucas Manfredi reports Judge Araceli Martínez-Olguín signed off on Paramount’s settlement with 12 state attorneys general, clearing the last hurdle for its one hundred ten billion dollar merger with Warner Bros. Discovery.

Oct 3
Streaming

Delrahim: Paramount’s California exit threat on merger was ‘not a bluff’

TheWrap’s Lucas Manfredi reports that Paramount’s Makan Delrahim told TheGrill conference David Ellison’s threat to move the studio out of California absent a settlement was “not a bluff,” though he downplayed its role in the outcome, crediting a weak antitrust case instead.

Oct 1
Streaming

Judge delays ruling on Paramount-Warner Bros. settlement with state AGs

TheWrap’s Lucas Manfredi reports Judge Araceli Martinez-Olguin held off approving Paramount Skydance’s settlement with 12 state attorneys general over the $110 billion Warner Bros. Discovery merger.

Sep 25
Streaming

HSBC downgrades Netflix as YouTube eats into engagement

TheWrap’s Lucas Manfredi reports HSBC’s Mohammed Khallouf cut Netflix from Buy to Hold and slashed his price target from $96 to $76, citing YouTube’s expanding living room footprint and Netflix’s U.S. TV time share falling to 7.8% in July.

Sep 25
Streaming

Byron Allen’s Local Now adds 111 Gray Media stations

TheWrap’s Lucas Manfredi reports that Local Now, Byron Allen’s FAST service, has added 111 free ad-supported channels carrying Gray Media’s local station coverage, expanding its lineup to nearly 600 channels spanning all 210 U.S. markets.

Sep 15
Measurement

NALIP taps Parrot Analytics to score audience demand for 2026 honorees

TheWrap’s Lucas Manfredi reports that NALIP is partnering with Parrot Analytics to evaluate 2026 award nominees using audience demand data, not just critical buzz.

Sep 3
Streaming

Netflix, Disney+ eye free tiers as FAST goes mainstream

TheWrap’s Lucas Manfredi reports that Sony launched a free ad-supported service on PS5, Paramount+ is testing free mobile content, and Disney’s Josh D’Amaro has floated a free Disney+ tier.

Sep 1
Measurement

Sports lifts broadcast share even as streaming widens its lead

Nielsen reports that live sports gave broadcast a rare share gain — up 0.6 points to 26.6% on NBA playoffs and early World Cup coverage. But streaming widened its ad-supported lead to 48.2%, per Nielsen’s Q2 gauge, with cable flat at 25.2%.

Aug 26