Media Stocks Open Higher After Another Weekly Loss as Wall Street Awaits Consumer-Price Index

Todd Spangler NY Digital EditorFinancial markets took a sharp tumble again Friday, with media and tech stocks falling across the board amid new fears on Wall Street of a looming recession triggered by a new report on rising inflation.Major market indexes had their worst declines for the week since January. On Friday, the Dow Jones Industrial Average dropped 880 points, or 2.7%, to close at 31,392.79.

Jennifer Maas TV Business Writer“Made for Love” has been canceled at HBO Max after two seasons, Variety has confirmed exclusively.“We are tremendously grateful for the truly spectacular journey of these past two seasons, courtesy of Alissa Nutting, Christina Lee, Cristin, Billy, Ray and the entire ‘Made for Love’ cast and creative team – especially Zelda the talking dolphin and everyone’s favorite synthetic love interest, Diane,” representatives for HBO Max said in a statement Friday. “Like a Gogol chip, the series will always be on our minds.”The cancellation of the Cristin Milioti-led Max original comes on the heels of one of the streamer’s other titles, Ridley Scott’s “Raised by Wolves,” getting the axe earlier this week amid ongoing shakeups at HBO Max’s new parent company, Warner Bros.

Let’s go girls! Rachel Recchia and Gabby Windey are giving viewers a double dose of romance on season 19 of The Bachelorette — starting with a behind-the-scenes look at night one.

Depp and Beck released a music video for one of their singles, titled “This Is a Song for Miss Hedy Lamarr,” on Thursday along with the announcement. The song is one of Depp’s original compositions and is attributed as the catalyst for this collaborative album. The title references the late Hollywood actress Hedy Lamarr, who sued Warner Bros.

John Hopewell Chief International CorrespondentMotorTrend Group, a Warner Bros. Discovery company, has given a greenlight to “Super Turbo Story Time,” an all-new adult animated series telling larger than life, untold and (mostly) true stories from the automative world, it announced Thursday.The eight-episode series, the first adult animated title in the history of MotorTrend, will be produced with legendary American animation studio Titmouse (“Big Mouth,” “The Boys Presents: Diabolical,” “The Legend of Vox Machina”) and by MotorTrend Studio.“Super Turbo Story Time” will debut first quarter of 2023 on MotorTrend Plus,  the top motoring SVOD service.Every episode has two hosts who meet to trade their favorite car stories.

Jennifer Maas TV Business WriterHulu has ordered four new food series from David Chang and Vox Media Studios, including a drag queen-themed dinner party competition from Neil Patrick Harris and David Burtka, “Drag Me to Dinner,” as well as the shows “Secret Chef,” “Burning Men,” and “Chefs vs. Wild.”“We are thrilled to be expanding our relationship with David Chang, Majordomo, and Hulu with these brand new series that will leave Hulu’s audience hungry for more,” Chad Mumm, Chief Creative Officer, Vox Media Studios, said.

EXCLUSIVE: While Ben Affleck just started Monday directing the untitled drama about maverick sneaker salesman Sonny Vaccaro (Matt Damon)’s dogged pursuit to get Michael Jordan to lace up in Nike shoes, Affleck and Damon are getting traction on their own groundbreaking endeavor.

Jennifer Maas TV Business WriterPlenty of newbies will be breaking into the comedy category this Emmys season, but two leading rivals for the title will be actual competitors for the first time: “Atlanta” and “Ted Lasso.”As wildly different series that fall into the same genre in the awards competition, their performances in this race will likely lead to a discussion about the industry’s relationship with feel-good TV.“Those shows are going to have interesting moments, both with Donald Glover having been out of the spotlight for a minute, intentionally, taking a detour with a music career that was more successful than I think a lot of people expected,” a Hollywood industry insider told Variety, “while there’s been probably more publicity than I think Apple would like on the fact that the upcoming third season is likely the last season of ‘Ted Lasso.’” The Jason Sudeikis-led Apple TV+ comedy is the reigning champ and has never aired in an “Atlanta”-less world, while Donald Glover’s show is a twice-nominated FX series that has lost twice, first to HBO’s “Veep” in Season 1 and then to Prime Video’s “The Marvelous Mrs. Maisel” in Season 2.And just as “Ted Lasso” has been a topic of joyful conversation continuously for almost two years, the very idea of when “Atlanta’s” Europe-set Season 3 would finally premiere — following a four-year wait since Season 2 — has also been a much-discussed event.“I’d anticipate that if ‘Atlanta’ was gone for so long and came back as the exact same thing, it probably would have less of a chance,” another industry insider says.

Jennifer Maas TV Business Writer“Stranger Things” Season 4, Volume 1 has already smashed multiple Netflix viewership records in less than two weeks after its release, and anticipation for Volume 2’s July 1 launch is building more by the day. But the success of the streamer’s first-ever two-batch drop with just over a month in between releases does not mean Netflix is considering shaking up the “Stranger Things” model further ahead of its fifth and final season, meaning there are no plans to shift the Duffer Brothers series to a weekly release.“For the fans of ‘Stranger Things,’ this is how they’ve been watching that show, and I think to change that on them would be disappointing,” Peter Friedlander, Netflix’s head of scripted series for U.S.

Kate Aurthur editorA key question about Season 2 of “And Just Like That”: Will Carrie and Samantha still be texting?“Yes!” answered a gleeful Michael Patrick King, the showrunner of the HBO Max series.King and his writers’ room have only recently embarked on working on the second season of the “Sex and the City” revival. During an interview at his office on the Warner Bros. lot, though he was hesitant to share much about Season 2, King was happy to answer that question definitively.

Zack Sharf Tim Burton finds it comical to see the Batman movie franchise embracing its darkest tone yet in Matt Reeves’ “The Batman” when such a tone forced him out of the franchise following 1992’s “Batman Returns.” Speaking to Empire magazine, Burton revealed he has yet to see “The Batman” (he noted, “I’d like to see it”) but added, “It is funny to see this now, because all these memories come back of, ‘It’s too dark,’ So, it makes me laugh a little bit.”Burton’s “Batman Returns” was met with some resistance by Warner Bros. because of its dark tone, which the studio did not want to continue with on a third Burton movie. The director left and was replaced by Joel Schumacher, who went in a complete opposite direction than Burton with the over-the-top camp in “Batman Forever” and “Batman & Robin.” “[Back then] they went the other way,” Burton said.

It’s almost time for takeoff; it appears season 4 of Manifest will finally debut on Netflix this fall.

Fox Corp., which recently marked its third anniversary as a publicly traded company, has appointed Wall Street veteran Gabrielle Brown as its new head of investor relations.

Superhero films sure do love a multiverse story, right? So, let’s take a cue from film studios and venture into the multiverse and take a look at a bizarro world where up is down, left is right, and DC Films has reached the heights of Marvel Studios. How did this crazy world come to existence? Well, this is what would have happened if Kevin Feige jumped ship and left Marvel Studios several years ago and helped craft the DC Film universe, which is something that could have happened, apparently.

Since their trial started, there have been questions about if Amber Heard could go to jail for Johnny Depp’s verdict in their defamation case and the chances she could be charged with perjury now that the trial is over.

Jennifer Maas TV Business WriterRidley Scott’s “Raised by Wolves” has been canceled after two seasons at HBO Max, Variety has confirmed.Originally ordered to series at WarnerMedia-owned cable channel TNT in 2018 before landing at HBO Max ahead of its series premiere in September 2020, the sci-fi drama centers on two androids tasked with raising human children on a mysterious virgin planet. As the burgeoning colony of humans threatens to be torn apart by religious differences, the androids learn that controlling the beliefs of humans is a treacherous and difficult task.“While we are not proceeding with a third season of Raised by Wolves, we are beyond grateful to the stellar cast and crew, our creators Aaron Guzikowski, Ridley Scott, David W.

Fox Corp. is boosting the presence of Tomi Lahren, with a new show at OutKick Media and as the voice of Fox News Commentary on Fox News Audio.

EXCLUSIVE: Multi-hyphenate Jay Chandrasekhar (Easter Sunday) has signed with Cinetic Media for management across all media.

What comes next. Johnny Depp’s reaction to Amber Heard’s verdict in his defamation case against her shows how he’s looking forward to his life now that their trial is over.

Amber Heard's Aquaman 2 co-star Dolph Lundgren has revealed what it was like to work with her. In an Instagram Live conversation with Redline Steel CEO Colin Wayne on Monday (30 May), Lundgren, who plays Nereus alongside Heard's Mera in the DC film franchise, said that he had a "great" experience with the actress. "We shot last fall in London.

Warner Bros. Discovery CEO David Zaslav on Wednesday dropped his memo to staff about Toby Emmerich stepping down as Chairman of the Motion Picture Group and the three new studio divisions being put in place. It’s a slightly similar structure to the way Disney handles its franchise brands, with the hope that DC will have its own Kevin Feige maestro to exploit IP across all mediums.