Summary: Though the entertainment industry may be infatuated infatuated with streaming, the legacy media companies behind all the new subscription services haven’t quite found the right way to profit from them. NBC/Universal earned nearly a billion dollars in committed ad revenue with Peacock this year, causing them to take a hard look at all of their low-rated cable channels. And HBO Max is thinking twice about producing original programming in countries like Turkey and Sweden.<br> Meanwhile, the “Minions: The Rise Of Gru” is the lates blockbuster release that is proving the box office is back for everyone, even families. The worldwide gross of “Top Gun: Maverick” continues to soar, but will Paramount leave it in theatres long enough to fully capitalize.<br> Of course we also cover the week’s top entertainment headlines including the Creative Artists Agency completes its acquisition of rival ICM, Disney renews CEO Bob Chapek and Alec Baldwin commiserates with Woody Allen.<br> <br> ‘Minions: The Rise Of Gru’ Boogies To $202M WW As ‘Top Gun: Maverick’ Flies By $1.1B & ‘Jurassic World Dominion’ Rumbles Past $800M<br> <a href="https://deadline.com/2022/07/minions-the-rise-of-gru-top-gun-maverick-jurassic-world-dominion-global-international-box-office-1235057475/" target="_blank" rel="noopener noreferrer">https://deadline.com/2022/07/minions-the-rise-of-gru-top-gun-maverick-jurassic-world-dominion-global-international-box-office-1235057475/</a><br> ‘Minions: The Rise of Gru’ Breaks July 4th Box Office Record With $125 Million 4-Day Opening<br> <a href="https://www.thewrap.com/minions-fourth-of-july-box-office/" target="_blank" rel="noopener noreferrer">https://www.thewrap.com/minions-fourth-of-july-box-office/</a><br> Baz Luhrmann Expanding ‘Australia’ Into Six-Episode Director’s Cut ‘Faraway Downs’<br> <a href="https://variety.com/2022/film/news/baz-luhrmann-australia-six-episode-hulu-series-faraway-downs-nicole-kidman-hugh-jackman-1235304986/" target="_blank" rel="noopener noreferrer">https://variety.com/2022/film/news/baz-luhrmann-australia-six-episode-hulu-series-faraway-downs-nicole-kidman-hugh-jackman-1235304986/</a><br> R. Kelly Sentenced to 30 Years in New York Sex Trafficking Conviction<br> <a href="https://www.billboard.com/business/legal/r-kelly-sentenced-sex-trafficking-conviction-racketeering-1235108165/" target="_blank" rel="noopener noreferrer">https://www.billboard.com/business/legal/r-kelly-sentenced-sex-trafficking-conviction-racketeering-1235108165/</a><br> ‘Stranger Things 4’ Sets Nielsen Streaming Record<br> <a href="https://www.hollywoodreporter.com/tv/tv-news/stranger-things-4-all-time-nielsen-streaming-high-1235174960/" target="_blank" rel="noopener noreferrer">https://www.hollywoodreporter.com/tv/tv-news/stranger-things-4-all-time-nielsen-streaming-high-1235174960/</a><br> US Newspapers Continuing to Die at Rate of 2 Each Week<br> <a href="https://apnews.com/article/journalism-united-states-39ef84c1131267233768bbb4dcaa181b" target="_blank" rel="noopener noreferrer">https://apnews.com/article/journalism-united-states-39ef84c1131267233768bbb4dcaa181b</a><br> Disney Board Votes to Renew CEO Bob Chapek’s Contract<br> <a href="https://www.wsj.com/articles/disney-board-votes-to-renew-ceo-bob-chapeks-contract-11656448976" target="_blank" rel="noopener noreferrer">https://www.wsj.com/articles/disney-board-votes-to-renew-ceo-bob-chapeks-contract-11656448976</a><br> CAA-ICM Merger to Result in 105 Layoffs<br> <a href="https://variety.com/2022/tv/news/caa-icm-layoffs-merger-1235305136/" target="_blank" rel="noopener noreferrer">https://variety.com/2022/tv/news/caa-icm-layoffs-merger-1235305136/</a><br> Olympic Channel’s 5-Year Run on NBCU Ends<br> <a href="https://frontofficesports.com/olympic-channels-5-year-run-on-nbcu-ends/" target="_blank" rel="noopener noreferrer">https://frontofficesports.com/olympic-channels-5-year-run-on-nbcu-ends/</a><br>
