Fox, WBD, Disney Team Up on Sports Venture, YouTube Hits 8 Million Subs and Era of Billionaire News Ownership Wanes

Plus: Julia Turner resigns from LA Times, Crew member dies on set of 'Wonder Man' and Elon Musk pledges to pay Disney employees legal costs [Fox, Warner Bros. Discovery, Disney Teaming Up on Sports Streaming Joint Venture]( By Lucas Manfredi Fox Corp., Warner Bros. Discovery and Disney are teaming up to launch a new sports streaming joint venture that will put ESPN, TNT and Fox Sports on a standalone app. The service will be launched in the fall, with each media giant owning one-third of the company, having equal board representation and licensing their sports content to the joint venture on a non-exclusive basis. The venture would have its own independent management team. [Read More]( --------------------------------------------------------------- [YouTube logo]( [YouTube TV Hits 8 Million Subscribers, CEO Touts Increased Focus on Living Room Viewers]( By Lucas Manfredi YouTube is increasing its focus on reaching viewers in the living room as YouTube TV subscriptions hit 8 million, the company announced in a letter on Tuesday. “When I started at YouTube, people thought about content from major studios and content from creators as entirely different, but today that stark divide is gone,” CEO Neal Mohan wrote in a letter addressed to the YouTube community. “Viewers want everything in one place, from a live sports game to the BBC to Khan Academy and NikkieTutorials. And they’re watching YouTube the way we used to sit down together for traditional TV shows – on the biggest screen in the home with friends and family.” [Read More]( --------------------------------------------------------------- [Marc Benioff, Patrick Soon-Shiong and Jeff Bezos]( [The Age of Billionaire News Ownership Is Waning: Who or What Will Replace Them?]( By Emily Smith and Sharon Knolle The deep layoffs at The Washington Post late last year eliminating 240 jobs were painful enough. But inside the newsroom staffers have been grumbling deeply about the insult added to injury: Not only did the second richest man in the world decide to cut deep into a celebrated institution, but the buyouts weren’t even paid for by owner Jeff Bezos. They were paid out by the paper’s pension fund. [Read More]( --------------------------------------------------------------- [Los Angeles Times SVP Julia Turner Resigns as Newspaper's Turmoil Continues]( [Marvel Studios Logo Wonder Man]( [Crew Member Dies on Set of Marvel's 'Wonder Man' Series]( [Elon Musk and Bob Iger]( [Elon Musk Pledges to Cover Legal Expenses for Disney Employees 'Discriminated Against' by DEI Policies]( [Spotify]( [Spotify Q4 Revenue Jumps as Paid Subscribers Rise 15%]( --------------------------------------------------------------- [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](