{NAME} ‘Rust’ Trial Locks Jury, Moody Warns of Paramount Credit Downgrade and Regal Raises $250M for Theater Upgrades

Plus: Shari Redstone mingles with billionaires in Sun Valley, New Weinstein accusers may testify in NY retrial and Joe Rogan releases first comedy special in 6 years [Alec {NAME}]( [Alec {NAME} 'Rust' Trial Locks New Mexico Jury, Sets Opening Statements for Wednesday]( By Josh Dickey Jury selection got underway Tuesday morning in the manslaughter trial of Alec {NAME}, who faces up to 18 months in a New Mexico prison if convicted. {NAME} was in court, along with his brother Billy and wife Hilaria. Cameras were not permitted in the courtroom during jury selection, which was expected to take most of Tuesday. Opening arguments could begin as soon as Wednesday. [Read More]( --------------------------------------------------------------- [Paramount]( [Paramount Could Suffer Potential Credit Downgrade, Moody’s Warns in Review]( By Lucas Manfredi Moody’s is reviewing whether to downgrade Paramount Global’s credit ratings to junk status, and it’s not just the recent agreement to merge with Skydance Media that’s driving the assessment. “The review for downgrade is prompted by the ongoing secular pressures on the company’s television networks and the slow pivot to reach direct-to-consumer (DTC) streaming scale and Paramount’s announced agreement to merge with a smaller scale independent film and tv studio in Skydance,” the firm said in a statement on Tuesday. [Read More]( --------------------------------------------------------------- [Regal Raises $250 Million for Theater, Ticketing App Upgrades]( By Jeremy Fuster Regal Cinemas completed a $250 million capital raise on Tuesday, which the theater chain says it will use to make upgrades to its existing theaters in the United States. The company plans to use the new funds to add luxury recliners to more multiplexes and to upgrade the Regal website and ticketing app. [Read More]( --------------------------------------------------------------- [Shari Ellin Redstone, President of National Amusements, arrives at the Allen & Co. Sun Valley Conference on July 9, 2024 in Sun Valley, Idaho.]( [Shari Redstone Mingles With Billionaires at Sun Valley Retreat 2 Days After Paramount Sale]( [A pale-looking Harvey Weinstein, wearing a dark blue suit and tie, sits in court as prosecutors argue a date for his retrial.]( [New Harvey Weinstein Accusers May Emerge to Testify in Manhattan Retrial, Prosecutors Say]( [Joe Rogan]( [Joe Rogan to Release His First Comedy Special in 6 Years on Netflix]( [house-of-the-dragon-season-2-episode-4-aemond]( ['House of the Dragon' Scores Season-High 8.1 Million Viewers for Episode 4 on HBO and Max]( --------------------------------------------------------------- [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](