Spotify Shares Jump 12% on Q1 Profit, Is David Ellison Ready to Run Paramount and Netflix Solidifies Post-Strike Dominance

Plus: Chamber of Commerce sues to stop non-compete ban, Accident injures crew on "The Pickup" and Sony wins rights to "Clue" [Spotify Shares Jump 12% as Streamer Swings to Q1 Profit]( By Eileen AJ Connelly Spotify shares shot up in Tuesday trading after the Swedish streaming company reported that expanded video offerings, growing audiobook popularity and AI-generated playlists helped it swing to a profit for the first three months of the year, even as its subscriber and user growth slowed. The company also said it is gearing up to offer new options, like an audiobook-only tier and a music-only tier, to reach more consumers and expand its user base. [Read More]( --------------------------------------------------------------- [David Ellison]( [David Ellison May Be a Daredevil. But Is He Ready to Run Paramount?]( By Emily Smith and Lucas Manfredi Skydance Media CEO David Ellison may be able to withstand rolling a plane more than one time per second. But is the producer and part-time daredevil flier ready to take the reins of troubled Hollywood studio Paramount Global? Wall Street is not so sure. As negotiations hurtle forward between Shari Redstone’s Paramount Global and Skydance, Paramount’s stock remains unsteady. And questions are swirling about what Ellison’s real plans are for the venerable entertainment company. [Read More]( --------------------------------------------------------------- [A person pointing a remote at a television streaming service]( [Netflix Fares Better Than Other Streamers as Strike-Related Content Gaps Emerge]( By Christofer Hamilton Two years after small subscriber losses led its stock to tumble by more than a third, Netflix has almost fully recovered its peak share price, and kicks off the latest round of media and entertainment earnings with the wind at its back. A supply side analysis of the global streaming landscape with Parrot Analytics’ Content Panorama reveals an industry that has pumped the brakes on the output of new content in recent quarters, and it’s against this backdrop that Netflix has been solidifying its dominance. When analyzing key metrics such as subscribers, profitability and audience demand, it’s clear that Netflix is pulling away from the competition and everyone else is fighting for second place. [Read More]( --------------------------------------------------------------- [Federal Trade Commission Chair Lina Khan]( [U.S. Chamber of Commerce Sues to Stop Ban on Noncompete Agreements]( [Eddie Murphy Inspector Clouseau Pink Panther]( [On-Set Accident Injures Several Crew Members Filming 'The Pickup' Starring Eddie Murphy, Keke Palmer]( [Clue]( [New ‘Clue:’ Sony Pictures Wins Film and TV Rights for Hasbro Entertainment Property]( [Becky Sloviter, Miramax]( [Miramax Names Becky Sloviter as Film President]( --------------------------------------------------------------- [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](