Hollywood Is Hoping Its Bank Relationships Are Too Big to Fail
The failure of Silicon Valley Bank has sent shock waves throughout U.S. financial institutions. And nowhere was that felt more than at other regional banks. At New York’s Signature Bank — which is one of the two main banks that works with Broadway productions — the board spent days grappling with the repercussions. Yes, there […]
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Meta to Lay Off 10,000 More Staffers As Part of Mark Zuckerberg’s “Year of Efficiency”
Meta plans to lay off about 10,000 employees in the coming months, CEO Mark Zuckerberg told staff Tuesday. This is the second major round of layoffs at the company, after 11,000 workers were let go this fall, and follows Zuckerberg’s promise to make this the “Year of Efficiency” at the social media platform, which owns […]
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Signature Bank Collapse Sends Shockwaves Through the Broadway Industry
The news of Signature Bank’s failure Sunday sent alarm bells throughout the Broadway industry, as general managers, producers and accountants worked to make sure that shows could make their weekly payroll. “Broadway owes the federal government another thank you note, because I think had they not come in and taken control of it, today would […]
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Sonia Coleman Named Chief Human Resources Officer at Disney
Sonia Coleman has been named senior executive vice president and chief human resources officer of The Walt Disney Company. Coleman, who was senior vice president human resources for Disney Entertainment and ESPN, will succeed Paul Richardson, who is leaving after more than 15 years at Disney. Coleman starts in the role on April 8. She […]
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Disney Weighing Fate of Hulu Amid “Very Tricky” Streaming Environment
The fate of Hulu is still up in the air, Disney CEO Bob Iger said Thursday. Speaking at the Morgan Stanley Tech, Media and Telecom conference, Iger said the company is continuing to evaluate the best option for Hulu, which he praised as a strong platform, but one that features “undifferentiated” entertainment content, compared to […]
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Live Nation President Says DOJ Investigation Could Have “Chilling Impact” on Settlements
Live Nation president and CFO Joe Berchtold indirectly acknowledged that the company is undergoing an investigation by the Department of Justice. In an interview at a Morgan Stanley investor conference Wednesday, Berchtold was asked to share any commentary about the substance or process of the DOJ investigation. The New York Times had first reported that […]
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Stars Power Broadway’s Box Office Rebound
As Broadway moves toward its busy spring season, star power has returned to the Great White Way and boosted box offices in the process. After making her Broadway debut in 2012, Jessica Chastain has returned to star as Nora Helmer in A Doll’s House. The classic Henrik Ibsen play, which was adapted by Amy Herzog […]
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Elon Musk Counts Disney, Apple Among Twitter Advertisers, Sees HBO Opportunity
Elon Musk says Twitter “has a shot” at being cashflow positive next quarter, even as the social media network contends with site breakages and reports of advertisers leaving the platform. In an interview at a Morgan Stanley investor conference Tuesday, the billionaire, who took over as Twitter CEO in October 2022, after acquiring the company […]
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Bruce Vaughn Returns to Disney as Co-Lead of Imagineering Division
Bruce Vaughn will return to Disney to co-lead Walt Disney Imagineering, the division responsible for designing and building the company’s theme parks and attractions. Vaughn will return as chief creative officer and head the division alongside Barbara Bouza, president of Walt Disney Imagineering. The two will report to Josh D’Amaro, chairman of Disney Parks, Experiences […]
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Endeavor Invests in Nonfiction Label Asylum Entertainment Group
Endeavor Group Holdings, the owner of WME, UFC and IMG, has made a strategic investment in nonscripted production company Asylum Entertainment Group. With the investment, Asylum, which has a portfolio including The Content Group, Texas Crew Productions, Big City TV, Breaklight Pictures and Audity, will become part of Endeavor’s nonscripted content division. Rebecca Sanhueza, Endeavor’s […]
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J.J. Abrams’ Bad Robot Creates Stage Division, Partners With Ambassador Theatre Group
Theater owner and producer Ambassador Theatre Group has agreed to an exclusive three-year partnership with J.J. Abrams’ newly formed theater division, Bad Robot Live. As part of the partnership, ATG, which has theaters on the West End and Broadway, will have opportunities to help bring to stage and partner on theater productions from Bad Robot […]
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‘Three Sisters,’ Starring Greta Gerwig and Oscar Isaac, “Indefinitely Postponed” Off-Broadway
The Off-Broadway production of Three Sisters starring Oscar Isaac and Greta Gerwig has been indefinitely postponed. The production was originally meant to run as part of New York Theatre Workshop’s 2019-2020 season, but was delayed by the theatrical shutdown. The production had been announced as part of the East Village theater’s 2022-2023 season, but the […]
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