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Protesters Swarm Israeli Eurovision Contestant Hotel, WBD Trims Q1 Loss to $966M and NBA TV Deal Sets Live Sports Future

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thewrap.com

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newsletter@thewrap.com

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Fri, May 10, 2024 01:47 AM

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Plus: Endeavor posts $303M loss in Q1, TheWrap nets 12 SoCal Journalism award noms and Apple says di

Plus: Endeavor posts $303M loss in Q1, TheWrap nets 12 SoCal Journalism award noms and Apple says divisive ‘crush’ iPad Pro Ad ‘missed the mark’ [A group of protesters interact with police in large numbers outside.]( [Israeli Eurovision Contestant Eden Golan’s Hotel Swarmed by Thousands of Pro-Palestinian Protesters]( By Mike Roe Thousands of pro-Palestinian protesters gathered Thursday in Malmö, Sweden to protest Israel’s entry into this year’s Eurovision Song Contest, with many of the protesters swarming around the hotel of Israel’s representative in the contest. Singer Eden Golan was advised by her nation’s Shin Bet security agency to stay in her hotel room when not actively rehearsing or performing due to security concerns, the Sun reports. Those concerns included threats against the Israeli delegation to the contest. Golan, 20, appeared to be booed while performing the nation’s submission, “Hurricane,” during rehearsals on Wednesday, the BBC reports. However, her song seemed to receive a warmer reception during part two of the Eurovision semifinals on Thursday. Israel also advanced coming out of the semifinals, so the nation will be competing again in Saturday’s finals. [Read More]( --------------------------------------------------------------- [Warner Bros Discovery Earnings]( [Warner Bros. Discovery Narrows Q1 Net Loss 10% to $966 Million, but Studio Profit Drops 70%]( By Lucas Manfredi Warner Bros. Discovery reported more red ink on Thursday, saying it trimmed its first quarter net loss by 10% to $966 million on lower revenues of $9.96 billion. Weighing down its results were a 70% year-over-year drop in profits in its studio division and an 8% slide in profits in its networks segment. Shares of WBD initially fell as much as 6.5% in pre-market trading, after missing Wall Street expectations, but turned into positive territory once the market opened. [Read More]( --------------------------------------------------------------- [NBA sports rights]( [NBA’s $76 Billion TV Rights Deal Is Setting the Future for Live Sports | Analysis]( By Kayla Cobb The scramble for the NBA TV rights was always destined to be one of the biggest sports stories of 2024. But no one was prepared for exactly how big it would get. As the basketball league expands its number of broadcast partners from two to three, the deal is rumored to pay out $76 billion over 11 years — a package that would be worth more than 2.5 times the league’s current deal. Disney, Amazon, Warner Bros. Discovery and Comcast are all reportedly circling to get a piece of the brand. Amazon and Disney are all but locked in with offers worth $2.6 billion a year and $1.8 billion a year, respectively, Bloomberg reported. Last week, Comcast threw its hat in the ring, offering the league $2.5 billion a year to steal the rights away from Warner Bros. Discovery-owned TNT. Losing them could be devastating for WBD: Following recent reports that Comcast was close to securing them, WBD’s stock slid 9%. [Read More]( --------------------------------------------------------------- [Endeavor Earnings]( [Endeavor Swings to Net Loss of $303.5 Million in Q1]( [Sharon Waxman attends TheWrap's 2023 Power Women Summit in Beverly Hills]( [TheWrap Earns 12 SoCal Journalism Award Noms for Entertainment Journalist of the Year, Hollywood Strike Coverage and More]( [Apple's Crush ad]( [Apple Admits Divisive 'Crush' iPad Pro Ad 'Missed the Mark': 'Creativity Is in Our DNA']( [Fallout]( ['Fallout' Scorches Nielsen Streaming List With 2.9 Billion Minutes Viewed in 5 Days]( --------------------------------------------------------------- [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](

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