Don't eat lunch in this town without it
Entertainment execs are paid to find tomorrow’s stars today — and that applies to politics too. Matthew Frank joins Sean McNulty, Elaine Low and Richard Rushfield to name names of who identified Kamala Harris’ talent early — from Disney’s Dana Walden to legend Sherry Lansing — and what her win could mean for Hollywood. Plus: David Lidsky breaks down the implications of the new NBA rights deal on scripted TV and the business prospects of Peacock and Warner Bros. Discovery, and we preview Deadpool & Wolverine.
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Paramount isn’t the only legacy studio struggling with tough choices and crushing debt these days. Warner Bros. Discovery, after laying off 2,000 people over the last year, will now be cutting another 1,000 jobs. All while Wall Street tells David Zaslav that WBD isn’t working and he should explore a breakup of the company. Sean McNulty, Richard Rushfield and Elaine Low analyze the latest job cuts and where WBD and other studios actually are still hiring. Plus: Peter Kiefer joins to discuss the reboot epidemic; the divide between what’s selling today and what gets Emmy noms; and a tribute to the late Bob Newhart.
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The (seeming) finale of the Paramount sale drama brings closure to some questions but raises more. How is David Ellison’s promise of a rejiggered tech stack going to stem linear TV losses? Where is the additional $3 billion in revenue he is projecting coming from? And wait, is that Jeff Shell? Sean McNulty, Richard Rushfield and Elaine Low break down the next phase of the drama to come. Also: how people are vacationing right now (if at all), and the reinvigorated summer box office.
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HBO and A24 are two of the only Hollywood brands left that signal prestige. But for better or worse, both are now leveling up — or is it down? Sean McNulty, Elaine Low, and Richard Rushfield break down HBO’s incorporation of Max’s upcoming tentpole Warner Bros. IP series, like the Harry Potter and Green Lantern adaptations, and A24’s massive investment round led by Josh Kushner. Also: what’s selling now in unscripted and Hollywood’s lost Latin opportunity.
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What’s the one common trait across every studio executive with greenlight power? They’re all old enough to remember the launch of the first Mac. And what they give the go-aheads to on their film slates shows it (looking at you, St. Elmo’s Fire sequel). Sean McNulty, Elaine Low and Richard Rushfield break down what remake fever means to the box office, why Paramount and AMC stocks are the opposite of Nvidia, and how showrunners have adapted to the world of brand-building.
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Over four decades, legendary director, writer and Oscar-winning producer Ed Zwick built an enviable body of work, from acclaimed films (Courage Under Fire, Legends of the Fall) to zeitgeisty TV series (Thirtysomething, My So-Called Life). Ankler CEO Janice Min spoke to Zwick about his best-selling memoir, Hits, Flops, and Other Illusions, a page-turner that’s packed with revealing stories about what it took to bring his iconic movies over the finish line, including his battles with Julia Roberts, Matthew Broderick, and Hollywood bigwigs who “messed with the wrong hippie.”
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It feels like 2019 all over again — for a lucky few, that is. The Night Agent creator Shawn Ryan this week inked an eight-figure overall with Netflix, the latest in a flurry of recent announcements bucking the slash-and-burn trend in overall deals and first looks. Sean McNulty, Richard Rushfield and Elaine Low discuss who is getting these deals (and not), how Paramount can turn around four straight years without growth, and why are movie theaters nice everywhere but L.A.?
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The state of careers in entertainment is shifting radically. As a new college major takes over the industry, the latest class of graduating seniors also is being told by their screenwriting and film professors, “Nope, find another line of work.” But how do these shifting tides impact those already mid-career? The team talks about Elaine Low’s new Salary Confessions series, where one development exec bares their full rage and grief as their ambitions — and pay — hit a dead end.
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Maypocalypse Now just came to a close, ending with the worst box office since 1995. The timing happens to coincide with Paramount’s uncertain future as Sean McNulty, Richard Rushfield and Elaine Low talk through the current state of play — and best and worst case scenarios. Meanwhile, in TV land, the team dive into Elaine’s stunning interview with a big name TV studio exec who, anonymously, explains their private thoughts and intel on what’s selling, what’s not and why the market is in such chaos.
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At the Cannes Film Festival, the active buyers’ market and (largely) applauded indies had everyone in the market, from haute couture hangers-on to cinema’s swells, feeling festive says Claire Atkinson. But back in L.A., an early June gloom has descended, with Sean McNulty, Elaine Low and Richard Rushfield talking movies’ early signs of a summer bummer — and a release calendar that looks like it’s on Ozempic.
Transcript here.
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Hollywood descended upon New York City this week for the Upfronts, the traditional TV showcase, to promote almost everything but as sports, live events and movies dominated the stage and star power. The crew breaks it down while Richard Rushfield and Sean McNulty dive into Hollywood’s new, possibly misguided belief that sports will save Hollywood.
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