Corporate Strategy & Regulatory Engagement - OpenAI plans to open its first office in DC to deepen ties with lawmakers and regulators [1] - Universal Music has confidentially filed for an IPO, size and amount to be raised undisclosed [2] - Skydance CEO David Ellison met with FCC Chairman Brendan Carr to seek approval for the Paramount takeover [4] AI & Cloud Computing - SoftBank and OpenAI's Stargate project is reportedly struggling to get off the ground, impacting Oracle [3] - Oracle is reportedly in talks with Skydance Media to provide cloud services post-merger with Paramount Global, a deal potentially worth $100 million per year [3][4] Media & Entertainment - Paramount will acquire global streaming rights to South Park from Comedy Central for Paramount Plus [4] - The creators of South Park reached a $1.5 billion streaming deal with Paramount [4]
The Wrap-Up for Tuesday July 22
CNBC Television·2025-07-22 17:30