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As the streaming industry has come down from its blank-check era, it has rediscovered a time-honored way to keep revenue flowing: licensing TV series and movies to other outlets. Acquired shows are among the most watched programming on streaming — it’s the year of Suits, after all — and shows with high episode counts help…
In mid-May, with the writers strike still in its infancy, UTA partner and media rights co-head Jason Richman found himself trying to gauge the industry’s appetite for dealmaking. A few years earlier, indie studio A24 had scooped up the rights to his client David Gauvey Herbert’s 2021 Esquire article, “Daddy Ball,” but the option had…
Rupert Murdoch’s American media empire was forged in dealmaking. The mogul transformed a regional newspaper business into a juggernaut through acquisitions, perhaps most notably the 20th Century Fox Film Corp. in 1985 and Dow Jones (owner of The Wall Street Journal) in 2007. But he also knew when to sell. Murdoch split his companies in…
On July 5, the major crew union IATSE, which reps 160,000-plus entertainment workers from grips to animation to makeup artists, unveiled a set of “core principles” for applications of artificial intelligence and machine learning in its members’ work ahead of its 2024 contract talks with studios. The list set off a debate among union members…
The ongoing actors and writers strikes are creating a paradox for major studios and streamers, one that will become more apparent over the coming months, when each company reports quarterly earnings. As the impasse wreaks havoc on the entertainment economy, the companies that SAG-AFTRA and the Writers Guild of America are striking against will see…
While Hollywood has been a longtime target in the culture wars, this time Fortune 500 firms were hit first. The initial mark was Starbucks. Then it was Morgan Stanley. The Hershey Company and McDonald’s were struck soon after, with BlackRock close behind. Since last year, America First Legal Foundation, a conservative group founded Stephen Miller,…
The beginning of what may be a more militant era in Hollywood studio-labor relations has been ushered in, with actors joining writers on the picket lines in a major stand against film and TV producers that will effectively shut down the industry during the impasse. On July 13, SAG-AFTRA, led by president Fran Drescher, called the…
It wasn’t all that long ago that being the CEO of a major media or entertainment company was the top of the heap. The moguls of the day, from Ted Turner and Sumner Redstone to Rupert Murdoch and Steve Ross, dominated the culture — and earned billions in the process. But the CEO gig ain’t…
Black moviegoers represented 35 percent of ticket-buyers flocking to see Ryan Coogler’s Black Panther on the film’s opening weekend in February 2018, more than triple the norm. The Marvel Studios movie was widely credited as a groundbreaker: a blockbuster superhero film featuring a virtually all-Black cast. The bold move paid off, as the Oscar-nominated film ultimately…
Want to Impress Wall Street? Just Add Some AI When Endeavor CEO Ari Emanuel opened his company’s earnings call with prepared remarks Feb. 28, a casual listener hearing him tout the UFC and WME might have missed the most interesting part: Emanuel wasn’t speaking at all. Well, he sort of was. The words were his, and…