Paramount Stock Climbs as Skydance Deal Looms, Netflix Cofounder Calls on Biden to Drop Out and IATSE Searches for Set Safety Culture Change

Plus: Bob Iger and Willow Bay near $50M deal to buy women’s soccer team, SAG-AFTRA thanks California for AI protections and Major media outlets call for Biden to drop out [Skydance Media CEO David Ellison and National Amusements President Shari Redstone]( [Paramount Stock Climbs 7% as Skydance Deal Looms]( By Lucas Manfredi Paramount Global shares are up 7% during Wednesday’s trading session following news on Tuesday that David Ellison’s Skydance Media and Shari Redstone’s National Amusements have reached a tentative agreement. The deal has been referred to the Paramount board’s independent special committee for review. An individual familiar with the matter told TheWrap that the deal could potentially be completed as early as the weekend. [Read More]( --------------------------------------------------------------- [Joe Biden, Reed Hastings]( [Netflix Cofounder and Democratic Donor Reed Hastings Calls on Biden to Drop Out of 2024 Race]( By JD Knapp It appears as though President Joe Biden has lost another supporter in the form of Netflix co-founder Reed Hastings following last week’s debate debacle. The Democratic mega-donor spoke out against November’s presumptive nominee on Wednesday despite having donated a reported $20+ million to the Party in recent years with his wife Patty Quillin, mostly through Super PACs. [Read More]( --------------------------------------------------------------- [iatse-give-us-a-rest campaign]( [Amid Fatalities and New Contracts, IATSE Members Search for a Set Safety Culture Change]( By Jeremy Fuster The sun had just set over Burbank on a Friday night, and a group of some 40 Hollywood union members, most from IATSE, gathered in the parking lot of IATSE Local 80’s headquarters with plastic cups and electronic candles. They came to commemorate the lives of union colleagues who have died on film and TV sets across the country in the past year. Among those memorialized at the event last month was Juan “Spike” Wu Osorio, a lighting technician and active member of IATSE Local 728, who died this past February when he fell from a perm — the wooden beams above soundstages — during production of Marvel Studios’ “Wonder Man” at the Radford Studio Center in Studio City. As the vigil began, Dan Vetanovetz, one of the events’ organizers and a fellow 728 member, discussed how Osorio inspired him with his constant advocacy on behalf of his union. [Read More]( --------------------------------------------------------------- [Bob Iger and Willow Bay]( [Bob Iger and Willow Bay Near $50 Million Deal to Buy LA Women's Soccer Franchise Angel City FC]( [SAG-AFTRA logo]( [SAG-AFTRA Thanks California for Getting 'One Step Closer' to Protecting Dead Actors From AI Replication]( [Here Are All the Major Media Outlets Calling for President Biden to Drop Out of the 2024 Election]( [deadpool-and-wolverine-hugh-jackman-ryan-reynolds-ray-chan]( ['Deadpool & Wolverine' Projected for New R-Rated Box Office Record With $160 Million Start]( --------------------------------------------------------------- [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](