Fubo Cuts WBD Ties for Market Power 'Abuse,' Slamdance Leaves Park City for LA and Dwayne Johnson’s Tardiness Leads to $250M 'Red One'

Plus: WBD stock tanks 9% amid concerns over NBA rights, Amazon ad revenue rises 24% to $11.8B and RedBird IMI to sell Telegraph rights after UK block [Fubo, Warner Bros. Discovery]( [Fubo Sports Streaming Platform Cuts Ties With Warner Bros. Discovery, Citing ‘Abuse of Massive Market Power’]( By Jacob Bryant Fubo cut ties with Warner Bros. Discovery on Tuesday after renewal negotiations for their partnership fell through. The sports streaming platform cited the David Zaslav-led media conglomerate’s “abuse of massive market power” and refusal to “engage in good faith negotiations” as cause for the decision. [Read More]( --------------------------------------------------------------- [slamdance]( [Slamdance to Leave Park City for Los Angeles in 2025]( By Jeremy Fuster While the Sundance Film Festival is weighing a potential move from Park City, Utah, the alternative festival Slamdance has made its decision to pull up stakes and move to Los Angeles starting in 2025. “The move to Los Angeles, the heart of the entertainment industry, will allow for the continued growth of Slamdance’s year-round mission to provide an accessible and dynamic community for truly independent, visionary filmmakers and creators,” reads a statement on the festival’s website. [Read More]( --------------------------------------------------------------- [Dwayne Johnson in "Red One"]( [‘Red One’ Down: How Dwayne Johnson's Tardiness Led to a $250 Million Runaway Production | Exclusive]( By Umberto Gonzalez For more than two decades, Dwayne “The Rock” Johnson has nurtured a reputation as a hard-working, musclebound action-comedy movie star with considerable box-office drawing power. But “Red One,” a high-powered Christmas crowd-pleaser for Amazon MGM, has turned into a massive budgetary misadventure, casting Johnson’s fame and work ethic in a different light. Originally slated for release during the 2023 Christmas season, the “Red One” theatrical release has been delayed to November 2024 — supposedly due to last year’s labor strikes. [Read More]( --------------------------------------------------------------- [Warner Bros. Discovery]( [Warner Bros. Discovery Stock Tanks Over 9% Amid Concerns It Could Lose NBA Rights]( [Amazon Earnings]( [Amazon's Prime Video Ad Tier Helps Boost Q1 Ad Revenue By 24% to $11.8 Billion]( [Jeff Zucker's RedBird IMI to Sell Telegraph Group Rights After UK Blocks Buyout]( [Paramount logo]( [Paramount, Charter Communications Carriage Negotiations to Continue, Averting Blackout]( --------------------------------------------------------------- [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](