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In the paid streaming wars, where only a few players will be favored, Disney has established itself as a formidable No. Disney has been pushing a lower-priced ad tier and cracking down on password sharing to drive subscriber growth at Disney+. To see what Disney and Hulu pay for certain jobs, Business Insider analyzed recent work-visa disclosures. Most of the roles were tech jobs, including data scientist and software engineer roles. Disney Streaming — $120,000 to $385,057 a yearDisney streaming roles, not including Hulu, Disney has offered between $120,000 and $385,057 a year to some candidates on US work visas.
Persons: Bob Iger, It's, Hulu, Elaine Low, Colin Salao Organizations: Disney, Netflix, ESPN, Star, Business, Netflix's, Hulu, Disney's, Fox Corp, Warner Bros, US, of Foreign Labor, Labor, Consumer, Software Engineering, Data Engineering, Business Intelligence, Software, Account, Growth, Hulu —, Management, Security, Network, Disney Entertainment, Disney Financial Services, Human Resources Services, Workforce Technology, Engineering, Disney Parks Technology, Technology, Digital, Retail Commerce, Disney Worldwide, Walt Disney Attractions Technology, Walt Disney Parks and Resorts, Walt Disney Pictures, & $ Locations: Hulu, Disney
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNo talks on the books yet for SAG-AFTRA strike, says The Ankler's Elaine LowElaine Low, staff writer at The Ankler, joins 'Power Lunch' to discuss the path forward for WGA and AMPTP after reaching a tentative deal, the outlook for the SAG-AFTRA strike and more.
Persons: Elaine Low Elaine Low Organizations: SAG, WGA
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe impact of 'streamflation' as average American spends $219/month on subscriptionsAbrar Al-Heeti, CNET entertainment reporter, and Elaine Low, The Ankler reporter, join 'Last Call' to talk 'streamflation' as subscription services continue to raise prices.
Persons: Elaine Low Organizations: Abrar, CNET
Social media, content creation, and lucrative branding deals offer a new path to fame and fortune. Top agents and managers working with athletes on content said it can be tricky to balance with training. Chasing content deals can be a distraction from the sport, and the industry-wide layoffs across tech companies from Twitter to Meta to Amazon mean that opportunities for influencer revenue are facing a slowdown. Fresno State basketball stars Haley and Hanna Cavinder, for instance, have a number of lucrative brand deals under their belts. A lot more athletes may not get deals if they don't have content creation, social media followings, or brand building."
Formula 1 racing saw a boost in TV viewership and fandom since Netflix began streaming docuseries "Drive to Survive." Amid a boom in sports docs, the streamer has tennis series "Break Point" and golf-centered "Full Swing." Netflix unscripted TV head Brandon Riegg spoke to Insider about the streamer's ambitions in live sports. "I wouldn't be surprised," Netflix VP of unscripted and docuseries Brandon Riegg told Insider ahead of the "Break Point" premiere. Also in the works are series on the 2022 FIFA World Cup in Qatar and the Six Nations rugby tournament.
The dust has been settling at Amazon Studios after a big reorg in the fall that solidified Jen Salke's power. Yet Amazon Studios faces major challenges. Amazon Studios' Head of Global Television Vernon Sanders told Insider that the goal is to deliver content with global cultural relevance. Amazon Prime VideoWhile spending on such big swings has soared, some insiders see far less budgetary support for underrepresented casts. "I do think people wonder what's the commitment to Amazon Studios," the current insider said.
Disney CEO Bob Iger announced a new business structure Wednesday and further details emerged Thursday. ESPN and ESPN+ will form a separate unit, led by Jimmy Pitaro. Hollywood is already busy sharing memes about Bergman and Walden and how they will share and compete for power. As part of the cuts, Iger has directed his reports to lay off 7,000 staffers. A Thursday morning press release outlined all the shared services units that will now come under Bergman, Walden, and Pitaro.
Paramount+ (formerly CBS All Access) is beefing up by bringing sister network Showtime into the fold. "The shows with rich, deep libraries are the ones that get a lot of consumption," said Paramount+ streaming chief Tanya Giles. But Paramount+ (formerly CBS All Access) is beefing up by bringing sister network Showtime into the fold — rebranding both the Showtime cable network and the streamer as Paramount+ With Showtime. Paramount+ is also building upon its library with originals: The streamer recently revived "Criminal Minds," which aired on CBS for 15 seasons. In anticipation of "Criminal Minds: Evolution," viewership of the original CBS "Criminal Minds" jumped 46%, a Paramount+ spokeperson shared with Insider.
Plan B, the production company cofounded by Brad Pitt, is not renewing its overall deal with Amazon Studios. In late 2022, French company Mediawan acquired a majority stake in Plan B. Brad Pitt's production company, Plan B Entertainment, is not renewing its overall deal with Amazon Studios, Insider has learned. Prime Video's "Paper Girls," produced by Plan B and Legendary Television, was canceled after one season. The move comes in the wake of a December announcement that French media company Mediawan had taken a majority stake in Plan B, with Plan B intending to operate as an independent content creator going forward.
A boom in sports documentaries has offered athletes more ways to be on screen and build their brands. Players and their agents are looking for hits like Netflix Formula 1 doc series "Drive to Survive." Being featured in a sports doc can dramatically raise an athlete's profile, giving them more fans and more branding power. Netflix's "Drive to Survive" was credited with doing wonders for F1 fandom, particularly stateside, where American interest has historically been scarce. "These people can go on the air and broadcast their own content and they can capture and keep their own content," said Octagon VP of content and development Jason Weichelt.
Newsletter publisher and digital media company TheSkimm laid off nearly 10% of staffers in January. Bustle Digital Group, The Washington Post, and Buzzfeed are among other media companies that cut workers in recent months. TheSkimm, the popular newsletter publisher and digital media company, laid off nearly 10% of its workforce — or about 17 staffers — in mid-January, according to a source familiar with the matter. TheSkimm is far from the only media company that has enacted wide-ranging personnel cuts in recent months. Entertainment media companies have also been heavily impacted, with AMC, NBCUniversal, Paramount Global, Roku, and Spotify paring back headcount.
Amid the FTX scandal and declining NFT sales, Web3 chatter has grown quieter in Hollywood. But proponents of NFTs and Web3 storytelling are betting on the tech's entertainment potential. Hollywood's evangelists of Web3 — the decentralized, blockchain-based future of the web that includes crypto and NFTs — were out in full force. She has worked to distance the creative and storytelling potential of NFTs and other blockchain-based technologies from the cowboy rep of the digital currency world. "I'm excited about moving Web3, blockchain technologies past sort of the hype cycle that we've seen with digital collectibles and NFTs," Greg Reed, Universal Pictures' VP of technology partnerships, told Variety.
StoryCo founders Justin and J.P. Alanis are part of a wave of entrepreneurs building blockchain-based storytelling platforms. StoryCo raised a $6 million seed round from Web3-focused VC firms and Hollywood insiders. In other words, Hollywood studios have been gatekeepers to content — and profits — for far too long. StoryCo is one of several startups that see blockchain and Web3 technology creating big new opportunities for TV and film creatives. Passholders will have access to a project's treasury, which will include NFT sales, IP licensing revenue, and royalties.
The blockchain-based creative platform StoryCo is launching a new immersive storytelling concept. People who sign up for a StoryPass (an NFT) can collect digital art and have creative control over "The Disco Ball." StoryCo just raised $6 million in a seed funding round led by VC firms Collab + Currency and Patron. At the end of "Disco Ball," NFT holders "will assume control over the infinitely expanding Disco Ball universe." Half of all net revenue from projects like "Disco Ball" would then be split among the treasury's members after its story writers and creators are compensated.
Several of Curry's Davidson teammates are interviewed in the documentary, and some were at the premiere. "St. Francis of Assisi — and I'll paraphrase — said 'Preach without using words,'" McKillop told the crowd of Curry. "We all start from somewhere and we learn things along the way," Curry told the audience. "I can always get better," Curry told the Sundance crowd. Its streaming premiere date on Apple TV+ has not been announced.
Netflix's elevation of Greg Peters to co-CEO shows the importance of its advertising sales effort. But Bela Bajaria's rise to content chief has caused some confusion about the future of the TV and film organization. The Netflix veteran now shares the role with current co-CEO Ted Sarandos, as company cofounder Reed Hastings steps down and settles into an executive chairman position. The move made a lot of sense to industry insiders, and even publicly, Netflix had been signaling the ascension for some time. Netflix insiders said Bajaria's new title underscored the importance of TV versus film in the streaming wars.
Formula 1 racing saw a boost in TV viewership and fandom since Netflix began streaming docuseries "Drive to Survive." Amid a boom in sports docs, the streamer is looking for another hit in tennis series "Break Point." Netflix unscripted TV head Brandon Riegg spoke to Insider about the streamer's ambitions in live sports. Netflix execs and tennis fans are hoping that "Break Point," the streamer's new docuseries centered on the 2022 Grand Slam season, can be the racket sport's "Drive to Survive." "I wouldn't be surprised," Netflix VP of unscripted and docuseries Brandon Riegg told Insider the day before "Break Point" premiered.
Discovery CEO David Zaslav has assembled a Discovery-heavy leadership team to transform the company. Here are the 20 corporate, creative, and business execs charged with helping him pull it off. Discovery merger, CEO David Zaslav faces massive challenges as he tries to pump out cash to pay down debt while slashing billions in costs. Many of the corporate and business leaders Zaslav has assembled are Discovery execs he's worked with closely for years and who were given bigger roles after the merger. These 20 execs, listed alphabetically, are the power players Zaslav has put in place to help him get there.
David Zaslav has been enjoying a stock runup after Wall Street analysts expressed increased optimism about Warner Bros. Discovery, with much cost-cutting behind it and growth ahead as it plans to launch a new streaming service. AT&T's WarnerMedia merged with Discovery in 2022 in a $43 billion deal, creating a content behemoth combining Warner's HBO, CNN, and famed Warner Bros. film studio with Discovery's lifestyle and reality fare. Read more:A new content strategy that could tarnish crown jewel HBOWBD also looked for savings and revenue by shifting its content strategy ahead of combining HBO Max and Discovery+ into a mega streaming service to launch this spring. WBD shocked entertainment insiders by canceling high-profile projects like "Batgirl" and yanking episodes of shows including "Sesame Street" from HBO Max, and it has made other moves that concerned Hollywood creatives.
Insider identified 75 of the most powerful execs at the streamer, in an interactive org chart. Product chief Greg Peters took on additional duties as chief operating officer and has since broadened his purview to include gaming. Former PepsiCo exec Sergio Ezama joined in 2021 to become Netflix's chief talent officer. Insider identified 75 of the most powerful executives now at Netflix. They include C-suite executives finance chief Spencer Neumann, as well as business leads like Bajaria and movie boss Scott Stuber.
16 insiders described unrest and discord partly fueled by the site's revamped social media strategy. Malaspina's plan was for Cheddar to look and feel like a social media platform and to position its stars as influencers. Concerns inside Cheddar intensified when Malaspina, a newcomer to journalism, refocused its coverage on social media content. Multiple segments and even an entire show — "Trending" at 7 p.m. — centered on social media trends and TikTok challenges. It's very troubling to think that news professionals would inflate or distort their social media followings.
A fter a year of layoffs across media and entertainment companies, more cuts could come in 2023 .. A pull-back of advertising tied to the declining economic outlook has affected all media. From tech diruptors like Netflix to news stalwarts like the Washington Post, a range of companies are impacted. In the blink of an eye, the media and tech jobs market has gone from hot to not. Discovery and Paramount Global that are racing to make their streaming businesses profitable to digital media companies such as BuzzFeed and Vice that are trying to bolster their valuations. Here are 15 media and entertainment companies that have laid off staff as of December 2022:
Since Netflix began its worldwide expansion in 2016, the streaming service has rewritten the playbook for global entertainment — from TV to film, and, more recently, video games. Still, Netflix's impact on the global TV industry is undeniable. More on Netflix's effect on global TV:The streamer's executive team was rebuilt with a global focusIn recent years, Netflix reoriented its leadership around its new global model. Peters also hired a new talent chief with international experience, former PepsiCo executive Sergio Ezama, to lead Netflix's global workforce. More on Netflix's corporate structure:Netflix has seen its first wide layoffs, though it continues to growThe corporate restructuring hasn't been without obstacles.
A boom in sports documentaries has offered athletes more ways to be on screen and build their brands. Players and their agents are looking for hits like Netflix Formula 1 doc series "Drive to Survive." Apple TV+, HBO, and Amazon are all competing for sports docs that bring viewers into athletes' lives. Being featured in a sports doc can dramatically raise an athlete's profile, giving them more fans and more branding power. Netflix's "Drive to Survive" was credited with doing wonders for F1 fandom, particularly stateside, where American interest has historically been scarce.
Netflix offered base salaries between $40 an hour and $800,000 a year for certain roles, data shows. The company doesn't disclose salary data, but, like other US firms, it discloses how much it plans to pay workers it hires on US visas. Many of the roles offered six-figure base salaries. Netflix may choose to pay employees more than the figures reflected in this data or compensate them in additional ways. Based on the data, Netflix offered annual base salaries ranging from $40.45 per hour to $800,000, with a median of $184,080, for various roles.
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