{"id":80069,"date":"2020-10-02T00:52:54","date_gmt":"2020-10-01T21:52:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/live-nations-movie-production-unit-under-pressure-as-top-exec-exits\/"},"modified":"2020-10-02T00:52:54","modified_gmt":"2020-10-01T21:52:54","slug":"live-nations-movie-production-unit-under-pressure-as-top-exec-exits","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/live-nations-movie-production-unit-under-pressure-as-top-exec-exits\/","title":{"rendered":"#Live Nation’s movie-production unit under pressure as top exec exits"},"content":{"rendered":"

“#Live Nation’s movie-production unit under pressure as top exec exits<\/strong>”
\n<\/p>\n

\n Live Nation\u2019s movie-production arm \u2014 known for 2018\u2019s award-winning \u201cA Star is Born<\/a>\u201d starring Bradley Cooper and Lady Gaga \u2014 is facing tough cuts as the coronavirus ravages the film industry, sources told The Post.<\/p>\n

Live Nation Productions laid off Matthew Stein, the company\u2019s head of script<\/a>ed development and production, two weeks ago. Live Nation Productions also cut roughly 14 employees that had previously been furloughed. The bare-bones division previously had about 20 employees, a source said.<\/p>\n

A Live Nation rep confirmed Stein\u2019s departure and that there were layoffs but denied that the division is closing.<\/p>\n

The rep told The Post that Live Nation Productions \u201chas a variety of projects in active stages of development and production that fit the division\u2019s mission of sharing stories of artists and music with the world.\u201d<\/p>\n

Those projects will be largely shepherded by Live Nation\u2019s head of unscripted development and production, Ryan Kroft, and general<\/a> manager Chad Wasser, sources said.<\/p>\n

With a \u201cbarebones\u201d staff, Stein\u2019s departure is still a big blow for the company, a source said.<\/p>\n

A former producer exec from Sony Pictures, Stein joined the company in 2018, just before the release of the company\u2019s first scripted features \u2014 \u201cA Star Is Born\u201d and the Netflix comedy \u201cAfter Party,\u201d which featured cameos from French Montana and Wiz Khalifa.<\/p>\n

When asked why Stein was let go, a source close to Live Nation explained that the pandemic, which has crushed Live Nation\u2019s live events and concert business, has caused it to make \u201cdifficult decisions.\u201d<\/p>\n

With no revenue coming in from concerts since March, Live Nation has been under pressure. In April, the company furloughed and laid off hundreds of employees, followed by a series<\/a> of cuts in May that affected 2,100 of its 10,500 staffers across multiple divisions to reduce costs by $600 million, according to reports.<\/p>\n

In early September, the Beverly Hills-based concert promoter furloughed hundreds more, Billboard said. In order to generate some revenue, the company said it was launching drive-in concerts across the country.<\/p>\n

Although Live Nation\u2019s production division is not a big part of the business, the latest news<\/a> doesn\u2019t bode well for new film and TV projects until the pandemic subsides, sources said.<\/p>\n

Launched in 2015, Live Nation Productions mainly cranks out music documentaries, including \u201cGaga: Five Foot Two,\u201d \u201cBeliever\u201d and \u201cJustin Timberlake + the Tennessee Kids.\u201d\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Live Nation’s movie-production unit under pressure as top exec exits” Live Nation\u2019s movie-production arm \u2014 known for 2018\u2019s award-winning \u201cA Star is Born\u201d starring Bradley Cooper and Lady Gaga \u2014 is facing tough cuts as the coronavirus ravages the film industry, sources told The Post. Live Nation Productions laid off Matthew Stein, the company\u2019s head…<\/p>\n","protected":false},"author":1,"featured_media":80070,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/live-nation-productions-cuts.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[73789,57053,1545,33587,4960,73961],"class_list":["post-80069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-1-20","tag-a-star-is-born","tag-coronavirus","tag-film","tag-layoffs","tag-live-nation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/80069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=80069"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/80069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/80070"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=80069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=80069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=80069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}