Business
optional screen reader
Sesame Workshop Averts Strike: Tentative Deal Struck With Writers
-
Business
John Malone Exits as Director Emeritus of Charter, Citing Clayton Act Concerns
The media mogul remains on the boards of his Liberty Media business, as well as Warner Bros. Discovery.
By Alex Weprin -
Business
Netflix Subscriber Numbers Fueled a Decade of Frenzied Streaming Bets. That Chapter Is Over
After juicing its subscriber base to 270 million with a password-sharing crackdown, execs want Wall Street to stop focusing on subs and to look at other metrics, like its revenue, operating income and engagement.
By Alex Weprin -
Business
How Modern Hollywood Doomed Jeff Skoll’s Participant Media Dream
When the tech billionaire announced the closure of the company behind movies like 'An Inconvenient Truth' and 'Green Book' this week, he had been trying to sell the purpose-driven studio for over a year amid changing Hollywood economics: "People knew it would be bad, but no one expected this."
Latest Business
IATSE Local 705 Reaches Tentative Agreement on Craft-Specific Issues With Studios
The union representing West Coast costumers has reached a tentative agreement on its craft-specific issues with studios and streamers. IATSE Local 705 struck a provisional deal with the Alliance of Motion Picture and Television Producers on Wednesday, the crew union IATSE announced Friday. Like with other recent IATSE Local tentative deals, the details of the […]
- By
“To Have Them Disappear Is Devastating”: Doc Filmmakers Reckon With Participant’s Abrupt End
The sudden end of Participant Media came as a shock to many in the entertainment industry, but it hit documentary filmmakers particularly hard, with some concerned that backers for serious-minded, issue-driven projects are becoming ever more scarce. Since its founding in 2004, the company — which sought to bring stories that could spark change to […]
- By
Warner Bros. Discovery CEO David Zaslav’s 2023 Pay Package Rises to $49.7M
Warner Bros. Discovery CEO David Zaslav saw the value of his 2023 compensation package rise to $49.7 million, compared with $39.3 million in 2022 when the Discovery-WarnerMedia merger had closed. The entertainment conglomerate disclosed latest pay details for its top executives in a regulatory filing. Zaslav’s 2023 pay consisted of a $3 million salary, and more than […]
- By
Sony and Apollo Weigh Joint Bid for Paramount Global
Even as Paramount Global continues to hold exclusive talks with David Ellison’s Skydance and Gerry Cardinale’s Redbird Capital, another potential buyer group is considering its own moves. The Hollywood Reporter has confirmed that executives at Sony Corp., including Sony Pictures chief Tony Vinciquerra, have been in touch with Apollo Global Management about making a joint […]
- By
Cinemark Sued For Allegedly Shorting Customers On Beverages
Shrinkflation has come for Cinemark, with a proposed class action accusing the movie theater chain of duping customers on concessions for its largest beverage container. The lawsuit, filed in Texas federal court on Tuesday, claims Cinemark’s 24-ounce cups aren’t true to size and can only be filled with a maximum of 22 ounces of liquid. […]
- By
Kevin Hart and His Hartbeat Banner Signs With WME
Comedian and box office powerhouse Kevin Hart and his Hartbeat production banner have signed with WME for representation in all areas. The signing comes as Hart continues to develop, star in and produce feature films, TV series, commercials and podcasts via Hartbeat as it expands its portfolio of multiplatform IP. WME had been representing Hart […]
- By
Netflix Pay: Greg Peters Hit $40M in First Year as Co-CEO, Ted Sarandos Saw $49.8M In 2023
In 2023, the then-newly named Netflix co-CEO Greg Peters saw his total target compensation package grow to $40 million up from $26 million the prior year. Co-CEO Ted Sarandos brought in $49.8 million in 2023, with a base salary of $3 million, $28 million in stock awards, an annual bonus of $16.5 million and all other […]
- By
Netflix to Stop Providing Subscriber Numbers in 2025, Marking End of an Era in Streaming Wars
Netflix will stop reporting quarterly subscriber numbers starting with its first- quarter 2025 earnings, as the company says it’s more focused on other metrics. Additionally, the streaming giant said Thursday that it would stop reporting average revenue per member, which it refers to as ARM. The company had already stopped providing guidance on paid membership […]
- By
Netflix Adds 9.3M Subscribers In Quarter, Growing Its Lead in Streaming
Netflix reported its first-quarter earnings Thursday, adding 9.3 million subscribers and expanding its lead as subscription streaming TV’s dominant platform. The company now has 269.6 million global subscribers. The company said in its quarterly letter that it will stop reporting subscriber numbers and average revenue per member beginning in the first quarter of 2025. Netflix […]
- By
Los Angeles Film and TV Production Sees Sluggish Rebound From Strikes, but There’s Optimism
Filming in Los Angeles has been slow to bounce back after production in the region was decimated by Hollywood’s historic season of strikes. The main reason for the sluggish rebound: A double-digit drop in television shoots compared to the same period last year. Present levels look even worse over a five year period, with filming […]
- By
Telemundo to Combine Entertainment Studios in Restructuring
Telemundo is restructuring its entertainment studios in an effort to produce more scripted content for its platforms. The new structure will see the Spanish-language media company merge its linear and streaming studios into one combined unit called Telemundo Studios. The move unifies the streaming studio, which was launched in 2021, with the more traditional studio […]
- By
CBS Entertainment’s Amy Reisenbach Joins Banff World Media Festival Lineup
The Banff World Media Festival has added CBS Entertainment president Amy Reisenbach to its ‘In Conversation With’ session lineup ahead of its 45th edition in June. On Thursday, the Canadian Rockies festival also announced as additional speakers Lisa Kramer, president, international TV licensing at Paramount Global Content Distribution; Asif Sadiq, chief global diversity, equity and […]
- By