Welcome back to a jam-packed What I’m Hearing, en route home from my underground lair. I’ll be in L.A. for most of the summer—let’s get together if you are, too. And FYI, WIH is dark on Thursday for the holiday, I’ll be back next Sunday.

Programming note: This week on The Town, Lucas Shaw and I conducted the first (and maybe last?) Executive Draft, former Ticketmaster C.E.O. Nathan Hubbard broke down how Taylor Swift’s tour will blow past $1 billion, and analyst Matthew Liebmann explained what Gen Z wants in movie theaters. Subscribe here and here.

Discussed in this issue: Harvey Mason, Jr., David Ellison, David Zaslav, David Corenswet, Kathy Kennedy, Duncan Crabtree-Ireland, Jerry Jones, Fran Drescher, Todd Boehly, Karen Horne… and Ari Emanuel’s big CAAN’T-iversary.

But first…