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Amazon announced last month that it would buy MGM, the film studio that releases James Bond movies. Martin Campbell, who has directed two Bond movies, gave his take on the franchise's future. "No one's going to f--- around with their success," Martin Campbell, the director of Bond movies "GoldenEye" (1995) and "Casino Royale" (2006), told Insider. Eon has produced 24 Bond movies since 1962's "Dr. No" and the 25th entry, "No Time to Die," hits theaters in October after a year-and-a-half delay. They have also portrayed women more respectfully than the Bond movies before them, in which women were mainly seen as "objects."
Persons: James Bond, Martin Campbell, Barbara Broccoli, Michael G, Wilson, Bond, Barbara, They've, Campbell, Broccoli, Eon, Jeff Bezos, Daniel Craig, Pierce Brosnan, they've, Variety, Craig, Organizations: Amazon, MGM, Eon, Hollywood, Eton, Variety
Hollywood's Latin ambitions hit new heights
  + stars: | 2021-06-11 | by ( Sandra Gonzalez | ) + 0.00   time to read: +10 min
Latinx trope she'd banish forever? Latinx trope she'd banish forever? Latinx trope she'd banish forever? However, it's incumbent that the Latinx community view other marginalized groups as companions, not competition, Murrieta said. But, rest assured, the Latinx community in Hollywood will keep running, as they say, con ganas.
Persons: it'd, Peter Murrieta, Mr, Iglesias, he's, He's, Carolina Garcia, Gloria Calderón Kellett, Roberto Larios, Alan Luna, Claudia Lyon, Kase Peña, Gina Torres, Jon Chu, Murrieta, Gina Reyes, Salma Hayek, Reyes, Hayek, there's, I've, that's, Pearson, it's, Murrieta's, Calderón Kellett, Tanya Saracho, Reed Morano, Steven Canals Organizations: CNN, Guild of America, Netflix, Universal Television, titans, Verve Talent, Literary Agency, ICM, Variety, MGM, Universal Pictures, Warner Bros, Amazon Studios, Talent, CBS Television, Young, Productions Locations: Hollywood, U.S, WarnerMedia
DraftKings CEO on outlook for online gambling industry post-pandemic
  + stars: | 2021-06-11 | by ( ) sentiment -0.97   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDraftKings CEO on outlook for online gambling industry post-pandemicOnline gambling took off during the pandemic. In 2020, shares of DraftKings soared 335% and Penn National gaming is up more than 200%. But as the economy reopens and people move from the digital world to the physical, those stocks have underperformed casino names like MGM and Caesars Entertainment over the past three months. DraftKings CEO Jason Robins joined "Squawk Box" on Friday to discuss the outlook on the online gaming industry.
Persons: Jason Robins Organizations: Penn National, MGM, Caesars Entertainment Locations: DraftKings
A Hip-Hop Dance Crew’s Frabjous Reign in Las Vegas
  + stars: | 2021-06-11 | by ( Margaret Fuhrer | ) + 0.00   time to read: +2 min
The Jabbawockeez brought on the Dumos, who had worked on several Las Vegas productions, to help create a 90-minute show. With the backing of the MGM machine, the crew mounted three more Las Vegas productions, as well as shows in locations as far-flung as Australia, over the next decade. Now a new generation of dancers, many of them mentees of the founders, perform in Las Vegas and beyond. (Thirteen of the current crew members identify as Asian American, four as African American, two as Hispanic, and one as Caucasian.) “We’ve never looked at ourselves as an Asian crew, or a diverse crew,” Nguyen said.
Persons: David Copperfield’s, , , ” Napoleon, Rynan Paguio, ” Brewer, “ We’ve, ” Nguyen, “ We’re, you’ve Organizations: Pepsi, Gatorade, New Kids, MGM Resorts, MGM, Vegas, American, Locations: Vegas, Australia, Las Vegas, Southern California, Vietnam
REUTERS/Mike BlakeViacomCBS Inc (VIAC.O) and Comcast Corp (CMCSA.O) can succeed without acquiring other businesses, IAC (IAC.O) Chairman Barry Diller said during a Reuters Newsmaker event Thursday. The media and Internet mogul, who helped found Fox Broadcasting Company, described competing with Netflix (NFLX.O), which would require significant investment, a "fool's errand" at this point. He described Comcast as being in a “fantastic position” with a cable and broadband business that hedges against NBCUniversal. “I don’t think they have to do anything,” he said of whether Comcast needs to spin off a business or get bigger. The Internet and media mogul brushed off concerns about Netflix’s debt burden.
Persons: Barry Diller, Mike Blake ViacomCBS, Diller, , ” Diller Organizations: IAC, Inc, Wall Street Journal, REUTERS, Mike Blake ViacomCBS Inc, Comcast Corp, Reuters, Fox Broadcasting Company, Netflix, Discovery Inc, Discovery, Warner Brothers Discovery, MGM, MGM Resorts International, Comcast, NBCUniversal, Thomson Locations: Laguna Beach , California, U.S
Hedge Fund Behind Amazon-MGM Deal Amasses Big Bet on Uranium
  + stars: | 2021-06-10 | by ( Joe Wallace | ) + 0.85   time to read: +1 min
The hedge fund behind the Inc. -MGM Holdings Inc. deal has another trade up its sleeve: going big on uranium. It is buying and selling uranium alongside mining companies, specialist traders and utility firms with nuclear-power plants, turning the fund into a significant player in the market. The hedge fund became MGM’s biggest shareholder after the Hollywood studio emerged from bankruptcy in 2010. Anchorage’s physical uranium holdings are also a rarity because Wall Street firms don’t typically own physical uranium. Most investors bet on uranium prices by buying shares of mining firms, or through companies like Yellow Cake PLC., which acts as an exchange-traded fund.
Organizations: Inc, MGM Holdings Inc, Anchorage Capital Group, MGM, Hollywood Locations: New York, Anchorage
Mogul Diller says ViacomCBS, Comcast don’t need deals to succeed
  + stars: | 2021-06-10 | by ( Helen Coster | ) + 0.95   time to read: +2 min
Barry Diller, Chairman and Senior Executive of IAC/InterActiveCorp and Expedia, Inc., speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike BlakeViacomCBS Inc (VIAC.O) and Comcast Corp (CMCSA.O) can succeed without acquiring other businesses, IAC (IAC.O) Chairman Barry Diller said during a Reuters Newsmaker event Thursday. The media and Internet mogul, who helped found Fox Broadcasting Company, described competing with Netflix (NFLX.O), which would require significant investment, a "fool's errand" at this point. He described Comcast as being in a “fantastic position” with a cable and broadband business that hedges against NBCUniversal. The Internet and media mogul brushed off concerns about Netflix’s debt burden.
Persons: Barry Diller, Mike Blake ViacomCBS, Diller, , ” Diller Organizations: IAC, Inc, Wall Street Journal, REUTERS, Mike Blake ViacomCBS Inc, Comcast Corp, Reuters, Fox Broadcasting Company, Netflix, Discovery Inc, Discovery, Warner Brothers Discovery, MGM, MGM Resorts International, Comcast, NBCUniversal, Thomson Locations: Laguna Beach , California, U.S
Internet Conglomerate IAC Is Looking for a New CFO
  + stars: | 2021-06-08 | by ( Mark Maurer | ) + 0.00   time to read: +2 min
is searching for a new finance chief after Chief Financial Officer Glenn Schiffman decided to leave the conglomerate to pursue a new opportunity. IAC declined to comment on where Mr. Schiffman is going. IAC said Mr. Schiffman will remain on Angi’s board of directors. Glenn Schiffman, finance chief of IAC/InterActiveCorp. Newsletter Sign-up CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.
Persons: Glenn Schiffman, Schiffman, Jamie Cohen, Michael Bucher, Michael Schwerdtman, Nick Stoumpas, Mark Schneider, Schiffman’s, Ygal Arounian, Greg Blatt, — Allison Prang, Mark Maurer Organizations: IAC, Angi Inc, Street, Vimeo, Mr, Wedbush Securities Inc, MGM Resorts International, Group Inc, Match, mark.maurer Locations: New York, Angi
Hi and welcome to this weekly edition of the Insider Advertising newsletter. "Wonder Woman 1984" debuts on HBO Max and in theaters on December 25. The streaming services are in a race for subscribers, and WarnerMedia is counting on a new lower-cost, ad-supported tier to drive signups for HBO Max , which is among the more pricey of the streaming services. But as Lindsay Rittenhouse and Patrick Coffee report, HBO Max is getting some blowback from advertisers who complain the rate is twice that of other leading streamers. Enero is a fraction of the size of the big ad holding companies like WPP, Omnicom, and Interpublic Group, but it hopes to steal market share from their PR agencies.
Persons: I'm Lucia Moses, HBO Max, Lindsay Rittenhouse, Patrick Coffee, Barbara Bates, Hotwire, Sean Czarnecki, Jonathan Nelson, Claire Atkinson, Nelson, Jason Kilar's, Lucia Organizations: HBO Max, Warner Bros, HBO, Hotwire, WPP, Omnicom, Interpublic, Providence Equity Providence Equity, MGM, Hollywood
Amazon is acquiring MGM Studio's content library, which could be shown exclusively on its Prime service. Amazon's MGM deal gives it content to show exclusivelyDaniel Craig as James Bond in "No Time to Die" MGMEach streaming platform's success will in part depend on its arsenal of exclusive content, experts say. "Offering the MGM content exclusively is a big deal and a big part of why they are buying the studio." The more exclusive content that streamers offer, the more subscriptions you may have to pay forTom Holland as Spider-Man in Sony's "Spider-Man: Far From Home." For them, it's about finding an opportunity to showcase their content, Patel said, and MGM's merger with Amazon is an example of that.
Persons: Brad Gastwirth, Daniel Craig, James Bond, Rahul Patel —, , Patel, Tom Holland Organizations: Amazon, MGM, Wedbush Securities, Disney, Marvel, Pixar, Ampere, Netflix, MGM Studios, Hulu, Amazon Prime, Sony Pictures Entertainment, Sony Locations: Hulu
Providence Equity founder Jonathan Nelson has invested in 170 companies over 30 years, helping grow the cable and telecoms landscape. Veteran media investor Jonathan Nelson is a pioneer in streaming, having poured $100 million into the launch of Hulu . While most companies are focused on digital, Providence remains a fan of a very old analog business model. "We were well positioned, and it's one of the great accomplishments and disappointments all in one deal: Hulu," Nelson said. He'll be judged the way other media companies are judged, not with mobile multiples.
Persons: Jonathan Nelson, WarnerMedia's Jason Kilar, Nielsen, Nelson, Jason Kilar —, Hulu, Rich Greenfield, James Bond, Apple isn't, David [ Zaslav, He'll, who's, HBO Max Organizations: Providence Equity, Warner, Hulu, Providence Equity Partners, Netflix, Vodafone, MasMovil, Google, Facebook, Services, Providence, Theatre Group, Amazon, Fox, NBC, Disney, LightShed Partners, Warner Bros ., MGM, James, Apple, Hollywood, Sony, Comcast, DirecTV, AOL, Yahoo, Housing Warner, Discovery, Warner Bros, HBO Locations: Providence, Spain, DoubleVerify, Europe, London
Opinion | Can the Summer Box Office Save Movie Theaters?
  + stars: | 2021-06-04 | by ( Anne Thompson | ) + 0.00   time to read: +3 min
Sure, Marvel’s long-delayed “Black Widow,” starring Scarlett Johansson, will drive a huge weekend at the box office on July 9, but as with “Cruella,” theaters are sharing audiences with Disney+. Art films play in theaters over weeks and months to build awareness and value. “Trying to get back your audience is a marketing challenge,” said Mabel Tam, head film buyer for the independent Landmark Theaters chain. We will never see another $11 billion year at the domestic box office — five in a row passed that benchmark, ending with 2019’s $11.3 billion. The Alamo Drafthouse chain, for one, has emerged from Chapter 11 bankruptcy and plans to open new theaters.
Persons: Pete Docter’s Oscar, , “ Luca, Scarlett Johansson, “ Cruella, Mabel Tam, Ridley Scott’s, Gucci ”, Downton, Chris Aronson, , Lisa Bunnell, ” Mr, Corcoran, Anne Thompson Organizations: Pixar, Disney, Sony, Netflix, Amazon, MGM, Theaters, Ridley Scott’s “, Paramount, Globes, Sundance, New York, Facebook, Twitter Locations: grosses, IndieWire
The meme stock had initially sold off after the company filed to sell 11.5 million shares of its stock. Gunjan Banerji, markets reporter at The Wall Street Journal, has seen exponential interest in options trading in the wake of the GameStop and AMC surge. I think that's sort of trying to find a firefly in a tornado. Aswath Damodaran, professor of finance at NYU Stern School of Business, says AMC is handling it better than GameStop. I think they're taking advantage of what might be an opportunistic moment of raising capital because they're in a business that's in transition.
Persons: Gunjan, I've, Amy Lynch, Joe Moglia, Ameritrade, they've, John Stark, there's, They'll, Damodaran Organizations: AMC Entertainment, Wall Street, GameStop, AMC, FrontLine, SEC, SEC Office, Internet, NYU Stern School of Business, Amazon, MGM Locations: they're
Screenwriter John Logan said he's worried about "James Bond" being in Amazon's hands. MGM owns half of the Bond rights, but Logan said he's worried Amazon could still wield influence. A writer of the "James Bond" films says Amazon's planned $8.45 billion acquisition of MGM Studios, including the 007 franchise, worries him and gave him a "chill" when announced in May. So decisions could get tricky if Amazon ever wanted to expand the Bond universe, such as producing a TV series around the character. Amazon's planned acquisition MGM Studios' parent company for $8.45 billion means the studio's legendary movies and shows could eventually appear on Amazon's Prime video streaming platform.
Persons: John Logan, he's, James Bond, Bond, Logan, Amazon's, Barbara Broccoli, Michael Wilson Organizations: MGM, MGM Studios, New York Times, Amazon, Warner Bros, Netflix, Disney
Target’s new designer dress and faux plant collectionsDesigners Christopher John Rogers, ALEXIS and RIXO created limited-edition dress collections exclusively for Target. Casper’s new Rise Adjustable Bases come in three models: the Casper Rise Adjustable Base, Rise Pro Adjustable Base and Rise Max Adjustable Base. The Casper Rise Adjustable Base allows you to customize the position of your mattress by raising your head, feet or both, and Rise Pro Adjustable Base also includes time-saving presets, two-zone massage and USB ports to charge your devices. The Casper Rise Max Adjustable Base comes equipped with wall-hugging capabilities as well, allowing the head section to move independently when inclined so it always stays the same distance away from the wall. They come in men’s and women’s sizes, and are available colors like black, gold, purple and green.
Persons: we’ve, Christopher John Rogers, ALEXIS, RIXO, Hilton Carter, XG500, Casper, Porcelain . Merrell, Anker, they’ll, Andie’s, Vasque, Pal, Millie Bobby Brown’s Organizations: Amazon, MGM, Foods, Centers for Disease Control, European Union, CDC, Royal, Target, Pink, Navy, Porcelain ., Technology, Chargers, Havana, Litebase Technology, NBC Locations: Casper, Sur, U.S, GaN, Black, men’s
There's a "big battle" taking place in the media industry, according to one analyst, who said it looked set to be one of the biggest sectors for mergers and acquisitions this year. Cyrus Mewawalla, head of thematic research at analytics firm GlobalData, said there were growing tensions as Big Tech invaded the traditional media space. Speaking to CNBC last week —after Amazon announced that it would buy MGM Studios for $8.45 billion — he said that more consolidation in the media industry was "inevitable." Amazon could even be looking to acquire more companies in the sector to boost its credibility and help it compete with its biggest streaming rival Netflix, he added. "I think media will be one of the biggest sectors for M&A consolidation in the rest of this year, and you've got a whole bunch of companies that may be up for acquisition," Mewawalla said, naming four companies to watch:
Persons: Cyrus Mewawalla, you've, Mewawalla Organizations: Big Tech, CNBC, Amazon, MGM Studios, Netflix
What makes the results for "A Quiet Place Part II" particularly notable is that they are roughly in line with what the movie was projected to make prior to the pandemic. The initial film in the horror franchise, "A Quiet Place," opened to $50 million in 2018. The first film cost a mere $17 million to make; its follow-up has a $61 million budget. "A Quiet Place Part II" was shown in 3,726 theaters. Internationally, "A Quiet Place Part II" grossed $22 million, with $14.9 million of that coming from China, where the thriller opened in third place.
Persons: Cinemark, John Krasinski, Emily Blunt, Noah Jupe, Millicent Simmonds, Djimon, Cillian Murphy, Emma Stone, Guy Ritchie, Jason Statham, That's Organizations: AMC, Disney Plus, MGM, Alamo, Disney, Warner Bros, Paramount Locations: U.S, China
So, Amazon now owns 50 percent of 007. With the acquisition of MGM and its movie catalog, the online retail giant bought into the James Bond franchise. When you work on Bond movies, you’re not just an employee. The current deal with Amazon gives Barbara Broccoli and Michael Wilson, who own 50 percent of the Bond empire, ironclad assurances of continued artistic control. What happens if a bruising corporation like Amazon begins to demand a voice in the process?
Persons: James Bond, , Bond, Broccoli, Wilson, Barbara Broccoli, Michael Wilson, you’re, “ Sweeney Todd ” — Organizations: Amazon, MGM
Netflix is reportedly fishing around for a major video game business executive to hire. The answer to that question, at least in part, appears to be video games. NetflixIndeed, the video game industry is a very risky business, and even entrenched studios with top-tier talent and years of experience regularly go under. Joost van Dreunen, author of "One Up: Creativity, Competition, and the Global Business of Video Games," echoed Pachter's skepticism. It could spend years, and hundreds of millions of dollars, building its IP into major game franchises.
Persons: , what's, Michael Pachter, Pachter, Joost van Dreunen, Amazon's Luna, Van Dreunen, Jade Raymond, Phil Harrison, Disney, Ben Gilbert Organizations: Netflix, THQ, Midway, Acclaim, 3DO, BAM, Eidos, Atari, Infogrames, Interplay, Global, Video, Google, Facebook, Nintendo, PlayStation, Game, Reuters, Marvel, Wars, Disney, Insomniac Games, Sony, Marvel Netflix, EA, Ubisoft, MGM Studios, Twitter Locations: Hollywood, San Francisco
Corporate America and Hollywood: A Love Story
  + stars: | 2021-05-29 | by ( Inti Pacheco | Erich Schwartzel | ) + 0.97   time to read: +1 min
The tech giants stormed Hollywood this past week: Inc. announced its plan to buy the storied MGM studio for nearly $8.5 billion, including debt. The story of outsiders trying to take on Hollywood is one with many sequels. Long-gone players have included Coca-Cola Co., Gulf & Western and General Electric Co.Nearly all the outsiders have ended up slinking out of town, defeated. When Sony Group Corp. bought Columbia Pictures in 1989, the cover of Newsweek declared JAPAN INVADES HOLLYWOOD.” Very little at what is now Sony Pictures changed, outside of the installation of a sushi bar, but similar concerns were raised when Chinese investment started flooding into Hollywood around 2015. The move lowers AT&T’s debt load and returns the company’s focus to its core telecom business.
Persons: There’s Organizations: Hollywood, Inc, MGM, Gulf & Western, General Electric Co, Sony Group Corp, Columbia Pictures, Newsweek, HOLLYWOOD, Sony Pictures Locations: Los Angeles, Gulf, JAPAN, Hollywood, WarnerMedia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon's MGM acquisition will give additional value to Prime users: Mark MahaneyEvercore ISI's Mark Mahaney says Amazon's purchase of MGM is centered around Amazon's Prime membership, and the streaming industry is on a hunt for a successful franchise.
Persons: Mark Mahaney Evercore, Mark Mahaney Organizations: MGM, Amazon's
A quick note: there will not be a newsletter on Memorial Day — Monday, May 31. Bezos said the date was "sentimental" because it was when Amazon was incorporated in 1994. Elon Musk's Boring Company tested its Tesla tunnel system in Las Vegas. Residents were encouraged to sign up for Tesla rides, which were aimed at testing the traffic capacity the tunnels could handle. As the companies combine in a Hollywood-shaking deal, the roles of key execs like MGM's Mark Burnett and Amazon's Jennifer Salke are unclear.
Persons: let's, Jeff Bezos, Bezos, what's, Elon, Mark Burnett, Amazon's Jennifer Salke, Klobuchar, Apple, SoftBank, Jordan Erb Organizations: Amazon, Elon Musk's Boring Company, Las Vegas ., MGM, Nintendo, Finance, EV, Justice Department, Colonial Locations: Tech, Las Vegas, Hollywood, cryptocurrencies, Connecticut
10 Things in Politics: Trump's hot vax NJ summer
  + stars: | 2021-05-28 | by ( Brent D. Griffiths | ) + 0.00   time to read: +7 min
Welcome back to 10 Things in Politics, your weekday look at the biggest stories in DC and beyond. Here's what we're talking about:One thing to look out for today: The Senate didn't finish its work Thursday. Nothing, it seems, will prevent Trump from doing Trump during his COVID-carefree summer in New Jersey. He's hosted a super PAC at his Bedminster resort and is expected to return to his namesake tower in midtown Manhattan. Republicans introduce a $928 billion infrastructure counteroffer: Senate Republicans' proposal to the White House would only modestly increase new federal spending compared with what the Biden administration is seeking.
Persons: We'll, Jordan Erb, Donald Trump, Trump, He's, he's, Cyrus Vance Jr, Allen Weisselberg, Fred Trump, Barry Weisselberg, Jennifer Weisselberg, Mitch McConnell, Samuel Corum, Mitch, McConnell, Sen, Ron Johnson of, Joe Biden, Biden, Rudy Giuliani, Giuliani, Toby Howell, Democratic Sen, Amy Klobuchar, Republican Sen, Josh Hawley, Amazon, Dr, Paul Offit, Paul Ryan, Ryan, we're Organizations: China, Capitol, Trump, Trump Organization, Organization, Prosecutors, Getty, Politico, White, New York Times, Republicans, Times, MGM, Democratic, US Department of Justice, Republican, Reagan, GOP, CNN, Democracies, US Locations: New Jersey, Mar, Bedminster, Manhattan, Ron Johnson of Wisconsin, Brooklyn, Minnesota, Missouri, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVenture capital veteran Alan Patricof on Amazon-MGM and AT&T-Discovery dealsIt's been a big month for the media and tech sectors, with everything from Apple's courtroom battle with Epic Games, Discovery merging with WarnerMedia and Amazon buying MGM Studios. Alan Patricof, co-founder and managing director of venture capital firm Greycroft, joined "Squawk Box" on Friday to discuss.
Persons: Alan Patricof, It's Organizations: Email Venture, MGM, Epic Games, MGM Studios Locations: Greycroft
The Siblings Who Control James Bond—Even After Amazon Buys MGM
  + stars: | 2021-05-27 | by ( Erich Schwartzel | Joe Flint | ) sentiment -0.62   time to read: +1 min
LOS ANGELES—Jeff Bezos is bringing the world’s most famous secret agent into the Amazon fold. But as in any James Bond film’s third-act reveal, there is a more powerful entity that controls the empire behind the scenes. Broccoli, who was known to be on set of the forthcoming installment nearly every day of shooting, and Mr. Wilson decide who directs Bond movies. Amazon executive Mike Hopkins, who handled negotiations with MGM, reached out to the producers as well to assure their property would be in good hands. Jen Salke, the Amazon executive who oversees original content, already had a relationship with Ms.
Persons: Jeff Bezos, James Bond film’s, Michael Wilson, Barbara Broccoli, stepsiblings, Broccoli’s, Ms, Broccoli, Wilson, Daniel Craig, James Bond, Mike Hopkins, Jen Salke Organizations: MGM Holdings Inc, Inc, Amazon, MGM
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