Olympics Closing Doubles Tokyo, WBD Stock Dips 4.5% and Streaming, Social Media Fuel Paris 2024

Plus: Animation Guild members rally as talks begin, Casting assistants vote to unionize and Trump’s X interview with Musk delayed [Actor Tom Cruise holds the Olympic flag during the Closing Ceremony of the Olympic Games Paris 2024 at Stade de France on August 11, 2024 in Paris, France]( [Paris Olympics Closing Ceremony Doubles Tokyo Audience With 21 Million Viewers]( By Loree Seitz The Paris Olympics concluded the 2024 Games with a highly-viewed Closing Ceremony that doubled that of the Tokyo audience. [Read More]( --------------------------------------------------------------- [David Zaslav, President and CEO of Warner Bros. Discovery, attends the Los Angeles premiere of Warner Bros. "The Flash" at Ovation Hollywood on June 12, 2023 in Hollywood, California. (Photo by Phillip Faraone/Getty Images)]( [Warner Bros. Discovery Stock Dips 4.5%, Continuing Q2 Earnings Fallout]( By Jeremy Fuster Warner Bros. Discovery’s Wall Street nightmare is still in effect as its stock price continues to roll downhill after Thursday’s quarterly earnings, in which it reported a $9.1 billion write-down stemming from the loss of value of its linear TV networks. As of Monday afternoon, WBD’s price on NASDAQ stands at $6.72/share, down 4.5% for the day — approximately 15% since the quarterly report was released and 42% from the start of 2024. The conglomerate’s market cap lost another $750 million since the close of trading this past Thursday and now stands at $16.45 billion, roughly a third of the $50 billion estimate the company had after WarnerMedia and Discovery completed their merger in April 2022. [Read More]( --------------------------------------------------------------- [Olympics viewership]( [Streaming and Social Media Have Helped Paris 2024 Win the Gold]( By Kayla Cobb Tokyo was dubbed the “first streaming games” by the International Olympics Committee. But Paris 2024 may be the first time the Olympics has actually moved past primetime. Thanks to streaming and social media, this year marks a shift from a largely broadcast and news media event to an all-encompassing global digital spectacle. Heading into the final weekend the Games had been streamed for 17 billion minutes across all of NBCUniversal’s digital platforms — a streaming total that tops Tokyo 2020 and Beijing 2022 combined. [Read More]( --------------------------------------------------------------- [Animation Guild Rally Aug. 11 (Credit: Tess Patton)]( ['No Contract, No Cartoons': Animation Guild Members Stand Together as Talks Begin]( [Teamsters logo]( [Casting Assistants Unanimously Vote to Unionize With Teamsters]( [donald trump elon musk]( [Donald Trump's X Interview With Elon Musk Delayed, Owner Blames 'Massive DDOS Attack']( [Industry]( ['Industry' Season 3 Debuts to 300,000 Viewers, Up 60% From Season 2 Premiere | Exclusive]( --------------------------------------------------------------- [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](