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Social Media Giants to Top Creators: Your Terms of Service Have Changed
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Business
Netflix Ad Push Has Echoes of Its DVD-by-Mail Era
The streamer’s plan to enter the advertising market recalls its early days, but will the company change its culture and embrace data transparency to be competitive in the modern era?
By Alex Weprin -
Business
Warner Bros. Discovery Has Bigger Problems Than Its DC Search
The film studio’s hunt for its own Kevin Feige may be complicated by key questions about what’s next for the heavily indebted company — and whether another major deal is on the horizon.
By Kim Masters -
Movie News
Summer Box Office Soared, But Now What?
Moviegoing is recovering as consumers embrace a diverse slate of films. However, volatility is showing this fall as studios and exhibitors search for a new normal.
Latest Business
Human Rights Campaign Accepts Donation From Disney Months After Turning It Down
Six months after the Human Rights Campaign turned down the donation Disney CEO Bob Chapek pledged to give them, HRC is accepting a portion of the company’s $5 million pledge toward organizations supporting LGBTQ rights protection. Originally, the organization refused the donation because it wanted to hold off on receiving the funds until Disney took […]
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COVID Return-to-Work Agreement Extended Temporarily as Talks Continue
The industry’s return-to-work agreement — the pact between studios and unions that has kept Hollywood productions going during the COVID-19 pandemic — has been temporarily extended as both sides continue talks over whether to adjust current health and safety protocols. The latest iteration of the deal was initially set to expire on Friday, at which […]
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AMC Theatres’ Investor Suit Settles In $17.4M Deal
A $17.4 million deal has been reached to end a lawsuit from AMC investors accusing the company’s board of directors of illegally allowing its ex-majority shareholder Dalian Wanda Group to squeeze hundreds of millions of dollars out of AMC, according to a securities notice filed on Friday. Funds from the settlement, the majority of which […]
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Tech Exec Carolyn Everson Joins Disney Board Amid Truce With Activist Investor Dan Loeb
The Walt Disney Co. and Dan Loeb’s Third Point LLC have a deal. Disney says that it has entered into a support agreement with the hedge fund, which will include “customary standstill, voting and other provisions through Disney’s 2024 Annual Meeting of Shareholders,” per the company. According to a securities filing, Third Point has agreed […]
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K-pop Group Aespa to Launch NFT Collection With Artist Blake Kathryn
Aespa, the four-member K-pop group from SM Entertainment, is launching an NFT collection with the Web3 artist Blake Kathryn that will give fans access to exclusive content and a rare meet-and-greet with the group in Seoul. Beginning Oct. 13 at 2 p.m. PT to Oct. 21 at 8 a.m. PT, NFTs from the collection — […]
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Regal Owner Cineworld: Admissions to Remain Below Pre-Pandemic Levels in 2023 and 2024
Exhibition giant and Regal owner Cineworld Group, which recently filed for Chapter 11 bankruptcy proceedings in the U.S., predicted Friday that cinema admissions in 2023 and 2024 would remain below levels recorded before the COVID-19 pandemic. Third-quarter admissions have been “below expectations,” with the fourth quarter “anticipated to be stronger, supported by the scheduled […]
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Comscore Discloses Layoffs, Restructuring Plan
Amid concerns about a broad economic downturn, Comscore, the analytics measurement firm and box office data provider led by CEO Jon Carpenter, is embarking on a restructuring plan aimed at cutting costs. The Virginia-headquartered company disclosed in a Thursday filing with the Securities and Exchange Commission that it had “communicated a workforce reduction as part […]
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Animation Guild Expands New York Organizing Push With ‘Tooning Out the News’ Effort
The Animation Guild is attempting to further expand the union’s footprint in New York with a new effort to organize Paramount+’s Stephen Colbert Presents Tooning Out the News, the Guild revealed Thursday. Tooning Out the News workers will be presenting management with a request for voluntary recognition Thursday and additionally filing a petition for a […]
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Gersh Ups Matt Vioral and Sandra Lucchesi to Partner
Gersh is expanding the ranks of its partner class with the promotion of two agents. The Beverly Hills-based talent firm upped literary agent Sandra Lucchesi and talent agent Matt Vioral to partners, the company said Thursday. The promotions bring Gersh’s partners to 28, out of the 150 agents in its ranks across Los Angeles and […]
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Disney+ Taps Alisa Bowen as President
Disney has named Alisa Bowen, previously Disney Streaming’s executive vp global business operations, as the president of Disney+. In her new role, the executive will lead the launch of the streamer’s ad-supported tier and promotion of the service and its content slate. She will continue reporting to Michael Paull, Disney’s president of direct-to-consumer. “Alisa has […]
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‘Crazy Rich Asians’ Producer SK Global Sells Majority Stake to Private Equity Firm Centricus
SK Global Entertainment, the producer of films like Crazy Rich Asians and Moneyball, has sold a majority stake to the private equity firm Centricus. The entertainment company will use the “additional capital to accelerate [its] strategy through IP ownership and financing strategic acquisitions of complementary businesses.” In other words, it will look to develop new […]
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Netflix VP of International Film David Kosse Departing
David Kosse, Netflix’s London-based vp of international film, is leaving his role at the streaming giant. His exit comes as Netflix is making internal changes to its organizational focus in its broader European region, moving to a regionalized structure in Europe, the Middle East and Africa (EMEA), in line with its setups in Asia and […]
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