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Sports Streamers Brace for Congress, Paramount and Skydance Agree on Terms and Academy Exhibit Outrages Jewish Creatives

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thewrap.com

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newsletter@thewrap.com

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Tue, Jun 4, 2024 12:32 AM

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Plus: Why Hollywood Creatives Prefer Skydance Deal, MSNBC launches premium podcast sub with Apple an

Plus: Why Hollywood Creatives Prefer Skydance Deal, MSNBC launches premium podcast sub with Apple and WashPo staffers push back on Buzbee’s exit [Disney, WBD and Fox Brace for More Congressional Scrutiny After Friday Talks Fail to ‘Satisfy Concerns’ Over Venu Sports Bundle | Exclusive]( By Lucas Manfredi Venu Sports will face additional questions from Congressmen Jerry Nadler and Joaquin Castro after the lawmakers’ staff met with representatives from Disney, Fox and Warner Bros. Discovery on Friday, TheWrap has learned. An individual familiar with the matter told TheWrap that a follow-up letter will be sent to the three media giants as early as this week after the meeting did not satisfy concerns around how the offering will impact access, competition and choice in the sports streaming market. [Read More]( --------------------------------------------------------------- [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Paramount and Skydance Agree to Deal Terms as Merger Inches Closer, Shares Rise Over 7%]( By Lucas Manfredi Paramount Global and David Ellison’s Skydance Media have agreed to deal terms on a potential merger, which currently awaits approval from controlling shareholder Shari Redstone, an individual familiar with the matter told TheWrap on Monday. Skydance’s latest offer, which is backed by a consortium of investors including RedBird Capital and KKR and has received support from the media conglomerate’s independent special committee, would give Redstone $2 billion for National Amusements, which owns 77% of Paramount’s class A voting stock and 5.2% of its class B common stock. The second step would then see Skydance merge with Paramount to create a combined company. In total, the deal would be valued at around $8 billion, up from the $5 billion previously discussed. [Read More]( --------------------------------------------------------------- [Academy Museum Exterior]( [Jewish Creatives Outraged by ‘Antisemitic Tropes’ in Academy Museum Exhibit on Hollywood’s Founders | Exclusive]( By Sharon Waxman A series of explosive letters to the Academy of Motion Picture Arts and Sciences leadership by prominent Jewish members criticize a new Academy Museum exhibit dedicated to the Jewish founders of Hollywood as perpetuating “antisemitic tropes” and focusing on the founders’ flaws rather than their achievements. In a statement to TheWrap on Monday, the Academy acknowledged the criticism and promised to “move quickly and thoughtfully” to make adjustments: [Read More]( --------------------------------------------------------------- [Why Hollywood Creatives Prefer a Skydance Deal With Paramount | Analysis]( [MSNBC Premium]( [MSNBC Launches Premium Podcast Subscription With Apple | ExclusiveÂ]( [Washington Post sign outside its headquarters.]( [Washington Post Staffers Push Back on Sally Buzbee’s Sudden Exit as Executive EditorÂ]( [Actress Janis Paige]( [Janis Paige, Musical Star of Broadway and Hollywood, Dies at 101]( --------------------------------------------------------------- [WrapPRO 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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