Sony Pictures Profits Soar 57%, Nelson Peltz Slams Disney Sports JV and 'I'm Going to Disney World' ad Sparked Disney Parks

Plus: One person dies in Super Bowl parade, Geraldo Rivera joins NewsNation and Will Smith stars in crime thriller [Sony Earnings]( [Sony Pictures Profits Surge 57% to $281 Million in Q3 Thanks to Licensing, Home Entertainment and Crunchyroll]( By Adam Chitwood Strong licensing revenue and home entertainment sales, mainly due to its theatrical releases, drove Sony Pictures Entertainment profits to surge in the fiscal third quarter of 2023. Anime service Crunchyroll also provided a bright spot after it increased paid subscribers, the company said. Here are the key takeaways: [Read More]( --------------------------------------------------------------- [Nelson Peltz and guests attends Day 4 of American Express Presents CARBONE Beach]( [Nelson Peltz Slams Disney's Sports Streaming Joint Venture, $1.5 Billion Epic Games Stake]( By Lucas Manfredi Nelson Peltz has targeted Disney’s new $1.5 billion stake in Epic Games and sports streaming joint venture with Warner Bros. Discovery and Fox, in a letter sent to shareholders on Wednesday. Peltz and his firm Trian Fund Management, who beneficially own $3 billion in Disney stock, has argued that entertainment giant has “woefully underperformed its peers and its potential,” which it blames on a board that lacks focus, alignment and accountability. [Read More]( --------------------------------------------------------------- [Diane Weis Photo]( [‘I'm Going to Disney World’: Inside One of the Most Iconic Commercials Ever Made]( By Drew Taylor On Sunday night, Taylor Swift and Travis Kelce shared a smooch on the field in Las Vegas. But Kelce’s teammate Patrick Mahomes still managed to score the most iconic post-game moment when he and his family were asked what they’re doing now that the Kansas City Chiefs had won the Super Bowl. His reply? “I’m going to Disney World!” It’s a memorable phrase stretching back 37 years that immediately connotes a celebration and serves as savvy marketing for The Walt Disney Company and its parks division, which along with its cruise ships and resorts brings in more than one-third of the entertainment giant’s revenue. But the hastily created commercial campaign had humble beginnings and ended up being a needed spark in the late 1980s for Disney’s stale parks division. [Read More]( --------------------------------------------------------------- [Shooting at Kansas City Chiefs Post-Super Bowl Parade Kills One and Injures Over 20, 2 Armed Suspects Detained]( [Geraldo Rivera Joins NewsNation]( [Geraldo Rivera Joins NewsNation as Correspondent-at-Large]( [Will Smith]( [Will Smith to Star In and Produce the Crime Thriller 'Sugar Bandits']( [Eurovision]( [Israel's Place in Eurovision Supported by Open Letter From Hollywood Stars Including Helen Mirren, Gene Simmons, More]( --------------------------------------------------------------- [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](