Paramount Stock Decline Shows Lack of Faith in Skydance, Judge Sentences ‘Rust’ Armorer to 18 Months and Ben Sherwood and Joanna Coles Take Over Daily Beast

Plus: Marvel lays off 15 staffers, Spotify audiobook listening balloons 470% and Netflix’s movie catalog outshines rivals [ATLANTA, GEORGIA - JANUARY 14: Honoree John W. Rogers, Jr., Chairman and Co-CEO of Ariel Investments, speaks onstage during the 2023 Beloved Community Awards at Hyatt Regency Atlanta on January 14, 2023 in Atlanta, Georgia. Formerly known as the Salute Greatness Gala, the Beloved Community Awards is a part of the weeklong celebration of the 2023 King Holiday Observance. The event recognizes community leaders, businesses, and organizations that exemplify excellence in leadership, philanthropy and social justice in the spirit of Dr. Martin Luther King, Jr. and Coretta Scott King. (Photo by Paras Griffin/Getty Images)]( [Paramount's 'Dramatic' Stock Decline Shows a Lack of Faith in Skydance's David Ellison, Ariel Investments Founder Says]( By Lucas Manfredi As Paramount Global and Skydance Media’s exclusive talks about a potential merger continue, Ariel Investments founder and co-CEO John Rogers Jr. told TheWrap that the media conglomerate’s recent stock decline indicates a lack of faith in Skydance’s CEO David Ellison. Watching the developments closely, the executive said that he could consider legal action in the event that a deal doesn’t appropriately benefit his clients. [Read More]( --------------------------------------------------------------- [Hannah Gutierrez-Reed leaves the New Mexico courtroom]( ['Rust' Armorer Hannah Gutierrez-Reed Sentenced to 18 Months for Involuntary Manslaughter Conviction]( By Josh Dickey “Rust” armorer Hannah Gutierrez-Reed was sentenced Monday to 18 months in a New Mexico prison, the maximum sentence possible for her conviction on charges of involuntary manslaughter. The young and inexperienced armorer in charge of guns and ammunition on the set of “Rust” when Alec {NAME} accidentally shot and killed cinematographer Halyna Hutchins in 2021 was found guilty by a jury last month. She was acquitted on evidence-tampering charges that could have extended her sentence further. [Read More]( --------------------------------------------------------------- [ben-sherwood-joanna-coles]( [Ben Sherwood and Joanna Coles to Take Over Daily Beast, Given Minority Stake]( By Natalie Korach The Daily Beast owner Barry Diller has given former ABC executive Ben Sherwood and former Hearst executive Joanna Coles a minority stake in the struggling news site as his latest attempt to reverse its declining fortunes. They will step into executive roles with Sherwood as CEO and Coles serving as chief content and creative officer, effective immediately. [Read More]( --------------------------------------------------------------- [Marvel]( [Marvel Lays off 15 Staffers Across Film, Other Departments]( [Spotify]( [Spotify Sees 470% Increase in Audiobook Listening After TV, Film Adaptations Premiere | Exclusive]( [netflix-streaming]( [Netflix’s Movie Catalog Outshines Rivals, But Demand for Originals Is Dropping | Charts]( [Three Years After Britney, Wendy Williams Shows Celebrity Conservatorships May Still Be Toxic to Women]( --------------------------------------------------------------- [Wrap Pro logo] Discover why entertainment executives and professionals rely on the WrapPRO platform daily for exclusive coverage, analysis, deeper reporting, and access to VIP events & screenings throughout the year. [Subscribe Today]( --------------------------------------------------------------- [Facebook]( [Twitter]( [Instagram]( [YouTube]( TheWrap | 2034 Armacost Ave Los Angeles, CA 90025 [Preferences]( | [Unsubscribe]( [LiveIntent Logo]( [AdChoices Logo](