Disney Grandchildren Praise Iger for Being ‘Faithful’ to Brand, Will Forte Says 'Coyote vs. Acme' Won’t Be Released and Paramount Races to Make Streaming Profitable

Plus: NYT opens leak investigation over Israel-Gaza, Former messenger execs sue for promised severance packages and James Gunn shows off ‘Superman’ suit [disney]( [Disney Grandchildren Praise Bob Iger for Being 'Faithful' to Brand's Magic, Reject Nelson Peltz Board Noms]( By Umberto Gonzalez and Benjamin Lindsay Walt Disney’s grandchildren endorsed CEO Bob Iger in a letter to shareholders on Thursday, praising him and his management for being “faithful” to the brand’s “magic.” “They understand that the longevity of The Walt Disney Company isn’t only the result of smart business decisions; it is rooted in the strong emotional connection Disney continues to forge with generations of people from around the globe,” the letter, signed jointly by Roy P. Disney, Susan Disney Lord, Abigail E. Disney and Tim Disney. [Read More]( --------------------------------------------------------------- [Coyote vs Acme]( ['Coyote vs. Acme' Star Will Forte Says 'It's Looking Like' Film Won't Be Released in Note to Cast and Crew]( By Drew Taylor While the fate of “Coyote vs. Acme” remains obscured in a corporately-controlled fog, its star Will Forte has issued a message to the cast and crew of the film via X (formerly Twitter). “When I first heard that our movie was getting ‘deleted,’ I hadn’t seen it yet. So I was thinking what everyone else must have been thinking: this thing must be a hunk of junk,” he wrote on Thursday. “But then I saw it. And it’s incredible.” [Read More]( --------------------------------------------------------------- [Paramount Global CEO Bob Bakish and nonexecutive chairwoman Shari Redstone]( [Paramount Global Races to Make Streaming a Profit Center – But the Clock Is Ticking | Analysis]( By Alexei Barrionuevo While speculation about a sale continues to hover over Paramount Global, CEO Bob Bakish made clear on Wednesday that he is focused on solving the core problem plaguing all of Hollywood’s major studios: making streaming work before linear TV drags profits down too far. As Paramount released its fourth-quarter results, Bakish and CFO Naveen Chopra told analysts that the struggling company — which S&P Global put on a negative credit watch last week — was a year ahead of schedule on realizing “peak losses” and could make domestic streaming profitable sooner than expected. [Read More]( --------------------------------------------------------------- [The New York Times Building in Manhattan.]( [New York Times Opens Leak Investigation Over Israel-Gaza Reporting]( [Jimmy Finklestein attends the Hollywood Reporter's 2016 35 Most Powerful People in Media in New York City]( [Former Messenger Execs Sue Startup for Going Back on Promised $150K Severance Packages]( [David Corenswet Clark Kent Man of Steel Superman Legacy Kal-el]( [James Gunn Kicks off 'Superman' Production With First Look at Suit, Title Change]( [Sam Altman OpenAI developer conference]( [Regulators Probe Whether OpenAI CEO Shuffle Misled Investors]( --------------------------------------------------------------- [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](