First Pass

19 stories from 4 sources

Regulators and conglomerates reshape summer media economics

Day’s Recap

Supporting Articles

The UK government is weighing whether to intervene in Warner Bros’ proposed $111 billion takeover of Paramount on media plurality grounds. A referral to regulators on plurality could delay the transaction or potentially stop it.

11:34 AMFinancial Times

The UK culture and media secretary signaled the government is minded to intervene in Paramount Skydance’s proposed $110 billion takeover of Warner Bros. Discovery. The stated concern is preserving diversity of media ownership in the UK.

9:39 AMBloomberg Markets

Comcast plans to spin off NBCUniversal and Sky into a separate publicly traded company while retaining its cable TV, broadband, and wireless businesses. The decision is framed as part of a broader consolidation and dealmaking trend in media.

10:39 AMBloomberg Markets

‘Minions & Monsters,’ the seventh film in the Despicable Me universe, is projected to lead the July 4 five day frame with about $80 million from roughly 4,000 North American theaters. ‘Supergirl’ is expected to fall about 60% in its second weekend, signaling faster than hoped front loading.

3:19 PMVariety

“The Super Mario Galaxy Movie” will stream on Peacock on July 30 after a theatrical run that topped the year’s box office and passed $1 billion globally. The film is directed by Aaron Horvath, Michael Jelenic, and Pierre Leduc.

10:42 AMVariety

Louis C.K. has released a new Netflix stand-up special, "Ridiculous," marking a further step in his return to high-visibility distribution after acknowledging sexual misconduct allegations in 2017. The piece positions the special as a mainstream re-entry following years of touring and self-released work.

3:01 AMVariety

Other Developments

A curated list of other prominent stories from this day.

Kathy Griffin says she has been effectively barred from appearing on "The Tonight Show" because producers view her as too controversial. She criticized Jimmy Fallon for booking Conor McGregor, who was found liable in a 2024 sexual assault civil case and ordered to pay damages.

11:51 PMVariety

Aamir Khan will appear in Melbourne for a July 9 screening of “Lagaan” marking the film’s 25th anniversary. The event serves as the curtain raiser for the Indian Film Festival of Melbourne, whose main dates run Aug. 13-23.

10:00 PMVariety

“Young Washington,” released by Angel Studios around July 4, presents a reverential coming-of-age military story that plays like a grade-school great-man biography. The film functions as clean, traditional counterprogramming with a right-leaning adjacent sensibility, while still portraying leadership as hard-won rather than effortless.

8:09 PMVariety

Season 2 of the Korean action thriller returns July 22 on Disney+ and Hulu for eight episodes. The story resumes with Jian running the weapons shop and Jinman revealed alive as they face a weakened but regrouping Babylon bolstered by overseas recruits, alongside new cast additions from high-profile prestige titles.

8:00 PMVariety

The third Enola Holmes film brings Millie Bobby Brown back with a more grown-up, flirtier tone while keeping the franchise’s light mystery engine running. Directed by Philip Barantini, the installment aims to evolve Enola beyond youthful scrappiness into a more mature detective persona.

7:00 PMVariety

Lionel Boyce says Season 5 of ‘The Bear’ was his most intense shoot and reflects on finishing the series and closing out Marcus’ storyline. He describes the emotional difficulty of ending the character and the show as audience reactions begin to arrive.

3:15 PMVariety

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