Sony Links With Apollo for Paramount, Netflix Won't Report Sub Numbers After 2024 and Skydance Deal Unlikely to Close in 30-Days

Plus: Netflix Q1 revenue surges 14.8% but stock falls, Hipgnosis sells to Concord for $1.4 billion and Google fires 28 staffers over Israel contract [Sony Apollo Paramount]( [Sony and Apollo in Talks for Joint Paramount Bid]( By Jeremy Fuster Investment firm Apollo Global Management’s bid to purchase Paramount may get a major partner: Sony Pictures Entertainment. TheWrap has learned that Sony Pictures has been in talks with Apollo about making a joint bid to acquire the Melrose studio, weeks after Apollo made a solo offer to purchase the company for $26 billion, including taking on debt. [Read More]( --------------------------------------------------------------- [Netflix logo]( [Netflix to Stop Reporting Subscriber Numbers in 2025, Citing New Focus on 'Engagement']( By Loree Seitz Netflix will stop reporting its subscriber count beginning in 2025. Instead of reporting its usual subscriber numbers quarterly as the streamer has traditionally done, Netflix announced in its first quarter letter to shareholders that it will shift to a new focus on engagement. The streamer also notified shareholders it would no longer report its average revenue per member (ARM). [Read More]( --------------------------------------------------------------- [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Paramount-Skydance Deal Unlikely to Close in 30-Day Window, Due Diligence Continues | Exclusive]( By Lucas Manfredi You are reading an exclusive WrapPRO article for free. Want to level up your entertainment career? Go here for more information. A deal to merge Paramount Global and David Ellison’s Skydance Media is unlikely to conclude by May 3 — the end of a 30-day exclusivity window — but is moving forward despite pressure from shareholders eager to consider other bids, TheWrap has learned. [Read More]( --------------------------------------------------------------- [Netflix Earnings]( [Netflix Q1 Revenue Surges 14.8% to $9.3 Billion, Driven by Boost in Subscribers, Pricing Changes]( [Music Rights Buyer Hipgnosis, Home to Justin Bieber and Neil Young Catalogs, Sells to Concord for $1.4 Billion]( [Google CA office protest]( [Google Fires 28 Staffers Involved in Office Protests Over Israel Contract]( [Civil War]( ['Civil War' Posters Mocked as 'AI Garbage,' Show Scenes That Don't Appear in A24 Movie]( --------------------------------------------------------------- [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](