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At Manuela in downtown L.A.’s Arts District, 18 young women (and their mentors) gathered in November for a lively Friendsgiving, a celebration hosted by Spotify for the 2022 class of The Hollywood Reporter’s Women in Entertainment mentorship program. While the high school juniors were wowed by the setting, food and awesome swag (including Spotify gift cards and tote bags), what mattered most to them was the chance to fellowship with one another and Spotify leader Dawn Ostroff, one of our Power 100 women this year (page 58). “I take with me a motivation to explore my future,” wrote one student in her thankyou note. “You all make it possible for me to get super excited about what new beginnings might be ahead.” If having access to someone like Dawn for…
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Tim Burton The director’s Wednesday dethrones Stranger Things on Netflix’s internal chart, then tops itself with 411.3 million hours of global view time for its second week. Dwayne Johnson As Black Adam sheds theaters, the film sits at $165 million domestically and $384 million globally, not exactly a ringing endorsement for a DC film with franchise hopes. Mariah Carey The star’s perennial holiday hit “All I Want for Christmas Is You” tops the Billboard Global 200 chart with 64.5 million streams in the week ending Dec. 1. Rick Pérez The chief of the nonprofit International Documentary Association is stepping down after a year-and-a-half tenure during which he presided over mounting labor tension. Showbiz Stocks $2.77 (+19%) GANNETT (GCI) The Journalism Competition and Preservation Act, making its way through Congress, would…
Across every major studio, economic emergency brakes have been pulled, with hiring freezes, enhanced scrutiny on travel and entertainment expenses, and, yes, layoffs. In the legacy media world, where studios have been betting on streaming to make up for declining cable revenues, it also has provided a gut check. Profits are still years off for many, and the economic headwinds are accelerating cost-cutting measures that may have already been in motion as executives, and Wall Street, get more pragmatic about streaming. AMC Networks laid out this case explicitly in its Nov. 29 memo, in which executive chairman James Dolan explained the need for “a large-scale layoff as well as cuts to every operating area” at the company. “It was our belief that cord-cutting losses would be offset by gains in…
During his promo tour for Avatar: The Way of Water, James Cameron has mentioned repeatedly that his sequel will need to be the third- or fourth-highest-grossing movie in box office history — the $2 billion club — to succeed. On Nov. 22, the director scored a key win in that quest when Disney and 20th Century revealed that Avatar 2 had secured a coveted release in China on Dec. 16, day-and-date with North America. With China clamping down hard on Hollywood imports over the past year — the seven most recent Marvel superhero movies have been denied permission to screen there — the green light for Avatar 2 was seen as a considerable coup. Disney and its business and diplomatic allies in China are said to have spent months backchanneling with…
For several years, Marissa Hurwitz has been at the forefront of some of podcasting’s most lucrative deals. The agent and newly promoted partner at WME has closed deals at Spotify (with Joe Budden), Amazon (for Alaina Urquhart and Ashleigh Kelley’s Morbid Network) and Apple (for High Five Content’s Missing Fortune). Amid fears of a downturn, Hurwitz shares a forecast with THR on the outlook for deals. We’re entering a possible recession, and marketers are pulling back their ad spend. How has that impacted podcasting, which is obviously very ad-dependent? It has made people nervous, but I don’t think that it has necessarily impacted the podcast space in the way that people potentially think that it has. The podcast space is growing so rapidly; all it’s done is slowed the growth of…
