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The basic problem: It's unclear how these free services could support new, Hollywood-style programming even if they wanted to. Now, with YouTube making the jump to TV screens and "free, ad-supported TV" (FAST) services having a moment, where does that leave Hollywood? Tech and legacy media will battle over free TV in the coming monthsLooking ahead, the major players already ahead in free TV will likely continue to gain share. Free streaming may seem like a way for Hollywood to claw back viewers. If not, it's hard to say what winning in the battle for free TV will actually get them.
Persons: Prognosticators, YouTuber Jamie Clement, Tubi's, Sarah Lee, Evan Shapiro, There's, Jenn Vaux, it's, Max, Peacock, Roku, It's, Tubi, Adam Lewinson, WBD, Laura Florence, Horowitz Organizations: Netflix, Business, YouTube, Hollywood, Disney, Hulu, Warner, Comcast, FX Networks, Parks Associates, Nielsen, Media, Fox, ABC News, NFL, FAST, Horowitz Research, Hub Entertainment Research, Tech, Fire TV, Paramount, Pluto, SVP, Global, Fremantle, JPMorgan, CNBC Locations: Hollywood, Fremantle
Now, looking for a return on their content investments, Disney , Warner Bros. Disney said last week that its combined streaming services — Disney+, Hulu and ESPN+ — were profitable for the first time during its fiscal third quarter. Ahead of earnings, Disney announced it's raising streaming prices by $1 to $2 a month for Hulu, Disney+ and ESPN+. Similar to Disney, Paramount Global said last week in its quarterly earnings conference call that its streaming business, centered on flagship service Paramount+, reached profitability. Discovery said during its second-quarter earnings conference call that streaming ad revenue doubled year over year.
Persons: Jaque Silva, Mike Proulx, Disney, Bob Iger, Iger, Discovery's Max, Comcast's Peacock, Gunnar Wiedenfels, Forrester's Proulx, Proulx, Discovery's Wiedenfels, Discovery, Tim Nollen, Ted Sarandos, Sarandos Organizations: Netflix, Disney, Warner Bros . Discovery, Forrester, Hulu, ESPN, Warner Bros, Paramount, Paramount Global, Discovery, Max, Hub Entertainment Research, Getty, Media, Macquarie, Westend61 Locations: Paramount's, Peacock
Hub Entertainment Research found that 75% of people rated YouTube Premium as a must-have. The new data comes from Hub Entertainment Research, a 10-year-old market research firm that asked people what their must-haves are in entertainment services and platforms. Four of the top five are YouTube services, with 75% rating YouTube Premium a must-have. It's joined in the top five by free YouTube, YouTube TV, and YouTube Music. This story is available exclusively to Business Insider subscribers.
Persons: , It's Organizations: Entertainment Research, Netflix, Spotify, Service, YouTube, Hub Entertainment Research, Business
Thursday, Aug. 10, 2023: Why Cramer is a 'big believer' in this entertainment giant right nowJim Cramer and Jeff Marks break down fiscal third-quarter earnings from this Club entertainment holding and why you should buy the stock at these levels. Jim says you should not buy more shares of one consumer discretionary company ahead of its quarterly results next week. Finally, Jim and Jeff discuss a semiconductor name and why it's a quiet period for the company before reporting earnings on August 23.
Persons: Cramer, Jim Cramer, Jeff Marks, Jim, Jeff
Formula 1 Returns to Screens, This Time With Brad Pitt
  + stars: | 2023-07-28 | by ( Ian Parkes | ) www.nytimes.com   time to read: 1 min
Hollywood has produced a number of car-racing movies over the years. There have been “Grand Prix,” “Le Mans,” “Days of Thunder” and “Ford v Ferrari.”The latest, as-yet-untitled picture from Apple Studios, Plan B Entertainment and Jerry Bruckheimer Films is set in the world of Formula 1. It is about the fictional team APXGP and its two drivers, Sonny Hayes and Joshua Pearce, played by Brad Pitt and Damson Idris. Pitt plays “a guy who raced in the ’90s, has a horrible crash, kind of craps out, disappears and then races in other disciplines,” he said in an interview with Sky Sports F1. “His friend, played by Javier Bardem, is a team owner.
Persons: ” “ Le, Ford, Jerry Bruckheimer, Sonny Hayes, Joshua Pearce, Brad Pitt, Damson Idris, Pitt, , , Javier Bardem, they’ve, phenom, Mary Organizations: Hollywood, Ferrari, Apple Studios, B Entertainment, Jerry Bruckheimer Films, Sky Sports, Damson
The motorsport is expanding its media reach after the docuseries "Drive to Survive" brought it to new audiences. Felicity Jones is set to star in and co-produce the show, which comes from Bedrock Entertainment. Formula 1 is moving into scripted TV following its success with the docuseries "Drive to Survive" with a new family drama set in the racing world. As with "Drive to Survive," F1 plans to offer producers access to the sport to help make the show a success. Bedrock Entertainment and F1 said they will "leverage the combined access and power of F1 to create a seamless and authentic world, blending fiction with the real world."
Persons: Felicity Jones, Tony, Dan Sackheim, Felicity Jones —, Brad Pitt, Damson Idris, Joseph Kosinski, Jerry Bruckheimer, Lewis Hamilton, Peyton Manning's, Will Arnett, Daniel Ricciardo Organizations: Bedrock Entertainment, ITV Studios, Entertainment, Pictures, B Entertainment, Netflix, Peyton Manning's Omaha Productions, ESPN, Paramount Locations: Hollywood, Austin
LOS ANGELES, March 13 (Reuters) - Independent studio A24 was the big winner at Sunday's Academy Awards, taking nine awards out of its 18 nominations, including best picture and all four acting prizes. The studio's "Everything Everywhere All at Once" won seven Oscars, the most of the evening, including best picture. However, Brendan Fraser took the best actor prize for A24's "The Whale," which also won for best makeup and hairstyling. Not since the heyday of Miramax in the 1990s has an independent studio garnered such attention, talent and box office success, entertainment industry insiders say. EVERYTHING EVERYWHEREThe first film A24 produced and financed, together with Brad Pitt’s Plan B Entertainment, was “Moonlight,” which won the Oscar for best picture in 2017.
LOS ANGELES, March 10 (Reuters) - A24, the independent studio behind such films as “Everything Everywhere All at Once” and "The Whale," is poised to dominate this year’s Academy Awards, eclipsing Hollywood’s established studios and awards-hungry streamers that are spending millions on Oscar campaigns. Not since the heyday of Miramax in the 1990s has an independent studio garnered such attention, talent and box office success, entertainment industry insiders say. EVERYTHING EVERYWHEREThe first film A24 produced and financed, together with Brad Pitt’s Plan B Entertainment, was “Moonlight,” which won the Oscar for best picture in 2017. The studio has garnered 53 Oscar nominations in less than a decade, including best picture nods for “Lady Bird, “Minari” and “Room.”A24's film slate has grown at the pace of its cash flow - starting with three movies in 2016 to 15 in 2022. This year, it’s on track to produce about 15 films for theatrical release, eight documentaries and 10 television shows.
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.
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.
French media conglomerate Mediawan said it agreed to buy a significant stake in Brad Pitt’s Plan B Entertainment, whose credits include Oscar-winning films such as “12 Years a Slave” and “Moonlight.”The deal is the latest in a string of acquisitions of part or all of independent production studios looking to capitalize on the robust appetite for fresh content in Hollywood sparked largely by a boom in streaming services over the past few years.
Brad Pitt is selling 60% of his production company, Plan B Entertainment, to French media conglomerate Mediawan in a deal that's set to be announced this weekend, according to people familiar with the matter. Neither Plan B nor Mediawan responded to requests for comment. For TV, Plan B's productions have included HBO's 2014 adaptation of "The Normal Heart," directed by Ryan Murphy, and Amazon Prime Video's 2021 miniseries "The Underground Railroad." Candle Media also acquired a minority stake in Westbrook Inc. — the production company founded by Will Smith and Jada Pinkett Smith – earlier this year. The boutique investment bank Moelis led the sale for Plan B.
'Mickey 17' gets trailer and release date
  + stars: | 2022-12-06 | by ( Marianne Garvey | ) edition.cnn.com   time to read: +1 min
CNN —A first look at “Parasite” director Bong Joon Ho’s new movie is here. Based off the book “Mickey 7” by Edward Ashto, the Oscar winner penned the screenplay for “Mickey 17,” which may veer from the novel in some places. The book follows Mickey 7, who is an employee on a human expedition sent to colonize the ice world Niflheim. Mickey 7 takes on missions that are too dangerous for the others, and has already had six iterations of his life. Mickey 17 – In theaters 03.29.2024Robert Pattinson stars alongside Steven Yeun, Naomi Ackie, Toni Collette, and Mark Ruffalo.
"It's definitely been not the most exciting and robust year," said one TV agent at a major agency. Around 70 people at HBO and HBO Max have been let go this year, and their comedy development teams have merged. While WBD doesn't break out streamer-specific figures, it said on Thursday's earnings call that HBO Max, HBO, and Discovery+ have a combined 94.9 million subscribers, ensuring that any show on HBO Max has the chance to get a lot of eyeballs. They'll also take smaller swings in the genre department, do things at a lower budget," said the second TV agent. Echoed the first TV agent: "You pitch and sell to them if no one else wants it."
"It's definitely been not the most exciting and robust year," said one TV agent at a major agency. Around 70 people at HBO and HBO Max have been let go this year, and their comedy development teams have merged. While WBD doesn't break out streamer-specific figures, it said on Thursday's earnings call that HBO Max, HBO, and Discovery+ have a combined 94.9 million subscribers, ensuring that any show on HBO Max has the chance to get a lot of eyeballs. They'll also take smaller swings in the genre department, do things at a lower budget," said the second TV agent. Echoed the first TV agent: "You pitch and sell to them if no one else wants it."
Brad Pitt’s Plan B Entertainment is exploring strategic options including a possible sale of all or part of the company, according to people familiar with the situation, following a wave of similar deals involving independent production firms. The company, whose credits include Oscar-winning films such as “12 Years a Slave” and “Moonlight,” has retained boutique investment bank Moelis & Co. to explore a deal, the people said. There is no guarantee that the discussions will result in a transaction.
After parting ways with her longtime manager, YouTuber Tana Mongeau signed with David Weintraub. Tana Mongeau's new manager is ready to make millions. "Tana is still a 23-year-old young lady but she is extremely savvy," Weintraub told Insider. Tana Mongeau is "Cancelled" on her new podcast produced by David Weintraub Entertainment and the Paragon Collective. According to Weintraub, Mongeau was in a "dark place" before they met, in large part because of what Weintraub described as exploitative management.
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