Welcome back to What I’m Hearing, coming at you from Miami Beach, where I’m doing a speaking engagement. The latest on SAG-AFTRA negotiations from Jonathan Handel: “I’m told that the parties are still talking in small groups or sidebars, with SAG-AFTRA waiting on AMPTP responses to its A.I. proposals. There is also believed to be no agreement yet on success-based residuals or a basic wage increase, and a deal between the parties is not likely to close tonight, even if the AMPTP does supply responses. Those responses would then have to be evaluated by the union.” So, talks continue on Friday…

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• Bob vs. Brian—The Hulu joust begins!: It’s fun to see Disney and Comcast in old-fashioned spin mode now that Bob Iger has committed to buying the last 33 percent of Hulu at a “floor” valuation of $27.5 billion, subject to an appraisal process that will almost certainly...