Industry Trends
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YouTube Subscriptions Are Growing Faster Than Ad Revenue
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Business
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Quixote Studios Shutters Atlanta Operations, Lays Off 70 Amid Production Downturn
The company will also vacate most of its leased soundstage facilities in Los Angeles
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Los Angeles Production Is Up 10% From Fall 2025, Stemming Tide Against Local Flight
The 5,121 shoot days recorded in the first quarter of 2026 is still 3.3% down year-over-year, according to FilmLA
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Kevin Hart’s LOL Network Expands Vertical Comedy Slate to Compete With Romantic Microdramas
Hartbeat will partner with leading microdramas directors and Artists First to bring its digital viewers original short-form comedy
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Ben Stiller Warns Warner Bros.-Paramount Merger Will Result in Less Original IP in Hollywood
“It’s already been challenging for years, and the merger will only make this worse,” the actor, director and producer says
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Warner Bros. Shareholders Sign Off on $110 Billion Paramount Deal. Now the Fight Begins | Analysis
The deal must still make its way through regulators in the U.S. and overseas, with state attorneys general weighing legal action
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Meta to Cut 10% of Staff as Company Centers AI Initiatives
The cuts will affect roughly 8,000 workers and will close 6,000 open roles
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‘Simpsons’ and ‘Phineas and Ferb’ Movies Among Latest Approved for California Production Tax Credit
In all, 147 film and TV productions have been approved for tax incentives since California lawmakers dramatically increased the cap
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Peacock May Finally Turn the Corner on Profitability
Comcast co-CEO Mike Cavanagh says that the streamer is poised for a “meaningful inflection point” after it posted a widened first-quarter loss of $432 million
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NFL Defends Media Distribution Strategy Amid FCC, DOJ Scrutiny
Executives from the league made their case to FCC officials during a meeting on April 17
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Reese Witherspoon Doubles Down on AI Comments, Says No One Is Paying Her, She’s ‘Just a Curious Human’
“I don’t believe computers should replace humanity. I’m planning on learning as much as possible so that I’m educated,” the actress says
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Doug Liman’s AI Film Hit a Nerve in Hollywood. Does It Deserve the Hate? | Analysis
A knee jerk reaction to fear of AI was triggered, but the reality is more nuanced
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Movies
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Netflix Stock Tumbles 9% on Weaker Than Expected Earnings Forecast
The streamer maintained its 2026 guidance despite a surprise price increase in the U.S. and the collapse of its $83 billion Warner Bros. deal
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Netflix Brushes Off Warner Bros. Deal Loss, Growth Concerns as Profits, Revenue Soar in Q1
The streamer’s revenue grew 16% to $12.3 billion, boosted by higher pricing, ad revenue and subscriber growth
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Business
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‘Streamflation’ Is Driving Consumers to Their Breaking Point. What Should Streamers Do? | Analysis
As streaming prices continue to rise, experts tell TheWrap that consumer spending on video has plateaued and subscribers are reevaluating what they really need
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Streaming
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