Mornin! This is Sean McNulty and here’s the Hollywood + Media news to know on TUESDAY July 26, 2022.

Where it’s nice to imagine Paulie slicing the garlic with a razor blade while Henry pours the wine up above today. Don’t forget to stir the sauce 🍅. Rest in Peace Paul.

PLUS: ADELE is finally coming back to Vegas! The new residency dates at CAESARS are Nov 18 thru March 25. 24 rescheduled shows for those who already bought tix, and 8 new ones added.

AND: Here is your official VENICE FILM FESTIVAL lineup, incl pics from Aronofsky, Guadagnino, Dominik, McDonaugh, Inarritu and Todd Field. Sorry Todd - didn’t know if “Field” was enough there. Fest runs Aug 31 to Sept 10. And good news! Your dollar is gonna go a long way there this year. #cheaperwine!

IN THIS EDITION:

• A refresher on the slowing state of YOUTUBE’s business back in Q1 before GOOGLE’s Q2 earnings report later today, and new signs from companies like WALMART and AT&T that… yeah inflation is starting to have real effects on consumer spending.

• STX head moves to LIONSGATE

• Private equity $$ still flowing into production biz as streaming spending growth has huge 🫠? over it.

• WWE to restate SEC financial reports based on McMahon affair/misbehavior payouts… as they drop a ‘surprise’ very positive Q2 earnings preview.

• NETFLIX moves to eliminate APPLE’s cut of their revenue via App store-driven subscriptions going forward, and more.

📽 THE SILVER SCREEN