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In an interview with CNBC's Jim Cramer, Mattel CEO Ynon Kreiz said his company's goals are growing beyond the toy aisle and into capturing the value of its brands' intellectual property for ventures like film franchises. "We are here to build film franchises," Kreiz said. Kreiz said the Barbie was a showcase for what Mattel can bring to the table in the future. "This is about how do you take successful brands and execute an IP strategy across multiple verticals, highly-accredited business verticals that in some cases are bigger than the toy industry, all driven by big franchises," Kreiz said. Mattel also saw 19% growth in its sales of Hot Wheels toys this quarter, and Kreiz said the company sees "tremendous opportunity ahead" with the brand, mentioning the upcoming live-action Hot Wheels film produced by JJ Abrams.
Persons: CNBC's Jim Cramer, Ynon Kreiz, Kreiz, Barbie, Wednesday's, JJ Abrams Organizations: Mattel, Wall
Mattel CEO Ynon Kreiz sat down with CNBC's Jim Cramer on Wednesday to discuss the launch of the brand's cinematic universe and Barbie's big screen debut, just days before the long-awaited film premieres. Kreiz said the Mattel transformed its mindset when the company realized its customers are not just consumers, they're fans. "This was not about making a movie, this was about creating an iconic cultural moment," Kreiz said. "We transformed our business model," Kreiz, who became CEO in 2018, said. Kreiz lauded Gerwig for creating a film that takes the iconic Barbie brand and makes it "relevant to everyone."
Persons: Ynon Kreiz, CNBC's Jim Cramer, Kreiz, Greta Gerwig, Greta Gerwig's, Barbie, JJ Abrams, Barney Organizations: Mattel
HBO Max's abrupt removal of dozens of series, mostly kids shows, took creators by surprise. You can't stream it on HBO Max or any subscription service; it's available only for purchase on iTunes. The move was a cost-saving one for HBO Max parent Warner Bros. HBO Max will continue to release new kids and animated programming but is expected to be more selective. "It's a small community" of animation creators, the animation exec told Insider, and those HBO Max cancellations hurt.
MoffettNathanson analyst Robert Fishman crystallized the daunting task ahead for Zaslav and WBD in his August 5 report "Reality First. The honeymoon was short-lived," said one senior Hollywood insider. It turns out there are five, housing some 40,000 employees globally: Warner Bros., HBO Max, the Turner entertainment channel business, CNN, and Discovery. The WBD insider said there isn't a rush to hire a new chief and that the company will continue to meet people. Under the ownership of AT&T, WarnerMedia's financials were buried in its parent's spreadsheets — now as a pure-play entertainment company, Warner Bros.
HBO Max's abrupt removal of dozens of series, mostly kids shows, took creators by surprise. You can't stream it on HBO Max or any subscription service; it's available only for purchase on iTunes. The move was a cost-saving one for HBO Max parent Warner Bros. HBO Max will continue to release new kids and animated programming but is expected to be more selective. "It's a small community" of animation creators, the animation exec told Insider, and those HBO Max cancellations hurt.
Nearly 200 businesses are lobbying Congress to pass a paid permanent national leave policy. The group that includes Pinterest, Spotify, and businesses tied to Lady Gaga and Gwyneth Paltrow wants Congress to pass a permanent national paid leave policy as part of Biden's next big stimulus proposal. Biden is expected to include paid leave in a new set of proposals aimed at strengthening the economy. Bringing back women workersBusinesses say the lack of a national paid leave policy makes them more vulnerable during health emergencies and threatens their financial stability. US Chamber reservationsNot everyone in the business community is as eager to embrace a big policy change on paid leave.
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