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AdvertisementIncoming boss Mark Lazarus addressed the CNBC newsroom Thursday. Three CNBC staffers told BI the mood inside the company seemed upbeat during Lazarus' visit. Three CNBC staffers told Business Insider they felt Lazarus' optimistic talk landed well in the newsroom. Lazarus said SpinCO "would be a predator, not prey" and examine various targets "like digital businesses and IP," a second CNBC staffer recalled. Before his meeting with CNBC staff on Thursday, Lazarus and MSNBC president Rashida Jones spoke to execs, producers, anchors, and hosts at MSNBC on Wednesday, Vanity Fair reported.
Persons: Mark Lazarus, Lazarus, Joe Kernan quipping, We're, SpinCO, Rashida Jones, Rachel Maddow, it's, Bob Iger Organizations: CNBC, Comcast, CNBC —, PE, MSNBC, Bravo, Disney Locations: New Jersey
AdvertisementComcast plans to spin off some NBCUniversal cable channels. Comcast said it was exploring spinning off its cable networks late last month, with BI's Peter Kafka writing that the move served as yet another signal of cable TV's decline. Analysts said Comcast could increase its valuation by selling its cable networks, though they were unsure if it would actually work out, BI previously reported. Disney CEO Bob Iger in the past floated the idea of selling Disney's TV and cable channels. NBCU's various TV channels are tightly integrated, sharing back office functions and talent that would have to be untangled, for one.
Persons: Peacock, Mark Lazarus, BI's Peter Kafka, Mike Cavanagh, Michael Hodel, Morningstar, Bob Iger Organizations: Comcast, MSNBC, CNBC, NBC, Bravo, Syfy, Golf, Wall Street, Business Insider, Analysts, Disney Locations: USA
AdvertisementCNBC anchors projected an air of mild panic about the news that Comcast would spin off the network. The media conglomerate announced it would create a new entity for most of its cable networks. CNBC anchors turned their signature irreverent style on themselves on Wednesday, as their parent Comcast became a headline in announcing plans to spin off the business news network along with many other cable assets. Analysts — including those featured on CNBC — did not hold back on Wednesday about what the spinoff means for the cable network. AdvertisementOne question for CNBC folks is whether they will maintain the prestige and workplace benefits that came with being part of Comcast.
Persons: We're, Joe Kernan, David Faber, Kernan, Mark Lazarus, Faber, CNBC —, Rich Greenfield, Rich, Becky Quick, Julia Boorstin, NBCU, Elon, Trump Organizations: CNBC, Comcast, Real Housewives, NBC, LightShed Partners, Warner Bros, Discovery, Paramount, Starz, Business Locations: NBCU, London
The conservative shift comes as streamers try to make every dollar count but face cultural hurdles. The Prime Video series will be the first to come out of Amazon's deal with The Wonder Project, a Christian-focused production company for faith-based films and TV shows. In this newly conservative greenlighting era, buyers are looking around for sure things and pockets of audiences where there's opportunity. "Conservative, faith-based, family, is not a bad place to look," Thompson said. AdvertisementStudios and streamers want to serve rural America but are reluctant to touch something they consider too religious or conservative.
Persons: David, Vernon Sanders, Donald Trump's, Jennifer Salke, Nick Barnes, UTA's, Kevin Costner, Bob Iger, Tyler Perry, DeVon Franklin, Ruth, Boaz, Mary, Anthony Hopkins, Tim McGraw, Jim Caviezel, Jesus, Dallas Jenkins, Jon Erwin, UTA's Barnes, Dennis Quaid, Reagan, Matt Walsh's, Jesus of Nazareth, Angel, Robert Thompson, Thompson, Hilary Swank, Jamie McCarthy, That's, Jason Blum, Taylor Sheridan, Barnes Organizations: Netflix, Amazon MGM Studios, Paramount, Heartland, Angel, Angel Studios, Wonder, Networks, Cable, Syracuse University's Newhouse School of Public Communications, Center for Television, Popular, Conservative, York, Kingdom, Co, Lionsgate, UTA, Ampere Locations: Hollywood, UTA's Nashville, Los Angeles, American, California, America, Yellowstone, Georgia , Texas, Tennessee
download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. In today's big story, Disney reported strong earnings and has a bright outlook on the future, but it doesn't want to discuss politics . The big storyLet's not talk politicsBob Iger, CEO of Disney Charley Gallay/Getty ImagesWhen it comes to Donald Trump, Disney is taking a page from its famous mascot and being as quiet as a mouse. But the king of streaming — Netflix — seems unstoppable , and it's threatening a space that Disney's ESPN previously had a stronghold: live sports.
Persons: , it's, Bob Iger, Disney Charley Gallay, Donald Trump, didn't, Iger, we've, Minnie Mouse, Iger's, BI's Lucia Moses, Ron DeSantis, Trump, Hulu —, Jake Paul, Mike Tyson, Michael Ostuni, Tyler Le, Fiona Carter, Goldman Sachs, Jerome Powell, it's Elon, Steve Schwarzman's, Sam Altman, Elon Musk, Tesla, Lina Khan's, Rebecca Zisser, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Disney, Revenue, Trump, Walt Disney World, Anadolu, Getty, Disney's ABC, ESPN, Netflix, Federal Reserve, EV, Microsoft, Federal Trade Commission Locations: Asia, Hollywood, Florida, Blackstone, ChatGPT, New York, Chicago, London
AdvertisementLately, creative workers are increasingly chasing their Hollywood dreams in production hubs far from Hollywood. FilmLA, which issues permits for production in the region, found that Greater Los Angeles' share of US-produced TV and film projects declined from 23% in 2021 to 18% last year. Brin said Lexington had attracted 30 film and TV projects so far this year, representing more than $2 million in local spending. Actually being on a set is only one part of entertainment production. While the power of Los Angeles is dispersing, no single "new Hollywood" is coming to take its place.
Persons: Joe Gallegos Jr, he'd, Bailee Madison, Lukasiak, Pat Boone, Gallegos, JJ Abrams, HBO Max —, he's, It's, Patrick Adler, Taner Osman, couldn't, Tiffany FitzHenry, Lisa Brin, Brin, Noah Hawley, Maddy Bilder, Yorgos, Guy, Ryan Gosling, Emily Blunt, Tyler Mitchell, I've, Bilder, Adler, Otis, FitzHenry, hasn't, Keisha Perry, Cedric, I'm, She's, Lucia Moses Organizations: Netflix, HBO, of Labor Statistics, Westwood Economics, Planning Associates, Dallas, Miami, Hollywood, Bureau of Labor Statistics, Marvel, Otis, Creative, Lex Studios, Austin, Austin Film Society, Southwest, Sony, Universal Pictures, Ampere, Technology, ScreenIt, LA, Westwood, Gallegos, Business Insider's Media Locations: New Mexico, Los Angeles, Albuquerque, La La, Hollywood ., America, California, Atlanta, Hollywood, LA, Georgia, Kentucky, Lexington, New York, Ireland, Budapest, South Africa, Hungary, Australia, North America, Saudi Arabia, Miami
AdvertisementSome Disney insiders worry about the impact of a second Trump term on the company amid culture wars. Disney CEO Bob Iger and Donald Trump publicly sparred during Trump's first presidential term. During Trump's first term, Iger seemed to publicly align with his opposition. One person close to Disney speculated about whether the political climate would lead news outlets such as Disney's to self-censor. "The risk to these guys is, they have to tone down the rhetoric," the person close to Disney said.
Persons: Bob Iger, Donald Trump, Trump's, Iger, Trump, Harris, Puck, Elon Musk, Nelson Peltz, Dana Walden, Kamala Harris, Disney, I'm, irking Trump, Walden's Harris, He's Organizations: Disney, Trump, Business, ABC, Elon, CNBC, New York Post, ABC News, Warner Bros, Hulu, Sinclair Locations: Hollywood, Iger, Paris, Fox
Amazon is phasing out its free-to-watch streaming service Freevee as insiders speculate about potential layoffs in the tech giant's entertainment arm. The phaseout comes as three Amazon insiders told BI they believe MGM Studios could soon be hit by layoffs as the company looks to cut costs. Amazon already cut hundreds of jobs across Prime Video and MGM Studios teams earlier this year. It stopped greenlighting new Freevee originals and had been moving some Freevee employees to other parts of MGM Studios. It also competed for resources with Prime Video and created brand confusion with some viewers.
Persons: Freevee, Bosch, Judy Justice, Lauren Anderson, James Marsden Organizations: Amazon MGM Studios, FAST, MGM Studios, Amazon, Video, Fox, Prime
Olivia Nuzzi has withdrawn her protective order request against her ex-fiancé Ryan Lizza. AdvertisementOlivia Nuzzi, the former New York magazine political correspondent who made headlines earlier this year for having a personal relationship with Robert F. Kennedy Jr., has withdrawn her request for a protective order against her ex-fiancé, fellow journalist Ryan Lizza. In an October petition for a civil protection order, Nuzzi accused Lizza, a Politico reporter, of hacking her devices and stealing information to blackmail her. Related Video Jury finds Trump sexually abused and defamed E. Jean CarrollAn attorney for Nuzzi confirmed to Business Insider that she withdrew the protective order request. Following a third-party investigation into Nuzzi's work, New York magazine said the probe found no inaccuracies or evidence of bias in her reporting.
Persons: Olivia Nuzzi, fiancé Ryan Lizza, Nuzzi, Lizza, , Robert F, Kennedy Jr, Ryan Lizza, Trump, Jean Carroll, Ari Wilkenfeld, Olivia, I'm, Oliver Darcy, Kennedy Organizations: RFK, Service, New, Politico, Business, BI, New York Magazine Locations: New York
New York Times tech workers are ending their strike after a weeklong stoppage. The Tech Guild, formed in 2021, represents 600-plus engineers. AdvertisementNew York Times tech workers are ending their strike and returning to work Tuesday after a weeklong work stoppage, a Times spokesperson told Business Insider. AdvertisementDozens of tech workers crossed the picket line, showing splinters within the unit. Formed in 2021, the Tech Guild represents upward of 600 engineers.
Persons: , didn't Organizations: New York Times, Times, Tech, Service, of New, Tech Guild, Company Locations: of New York
Discovery says it will beef up ads on its Max streaming service. Max added 7.2 million subscribers in its third quarter, reaching 110.5 million total subscribers. Discovery's Max streaming service. The newest player in streaming ads, Amazon, recently said it would increase its ad load in Prime Video after rolling out ads to the service in January. Rival Netflix, by comparison, added 5.1 million subscriptions in its most recent quarter and now has 282.7 million subscribers in total.
Persons: Max, , WBD, JB Perrette, Perrette, Jennifer Halloran Max, we're, David Zaslav, Jon Steinlauf, who's Organizations: Warner Bros, Service, Boston Red Sox, HBO, Media, DC, Paramount, Pluto, Nielsen, Netflix Locations: Max
After playing to the coasts, Hollywood is leaning toward faith and family-based shows and films. The Prime Video series will be the first to come out of Amazon's deal with The Wonder Project, a Christian-focused production company, for faith-based films and TV shows. After playing to the coasts with shows that embraced progressive themes, Hollywood is leaning into broadly appealing fare. That shift has included a combination of undeniably faith-based, conservative-themed, and family-aimed entertainment, agents, producers, and industry experts say. "Conservative, faith-based, family, is not a bad place to look," Thompson said.
Persons: , David, Vernon Sanders, Jennifer Salke, Nick Barnes, UTA's, Kevin Costner, Bob Iger, Tyler Perry, DeVon Franklin, Ruth, Boaz, Mary, Anthony Hopkins, Tim McGraw, Jim Caviezel, Jesus, Dallas Jenkins, Jon Erwin, UTA's Barnes, Jesus of Nazareth, Angel, Robert Thompson, Thompson, Hilary Swank, Jamie McCarthy, That's, Jason Blum, Taylor Sheridan, Barnes Organizations: Netflix, Service, Amazon MGM Studios, Paramount, Heartland, Disney, Angel, Angel Studios, Wonder, Networks, Cable, Syracuse University's Newhouse School of Public Communications, Center for Television, Popular, Conservative, York, Kingdom, Co, Lionsgate, UTA, Ampere Locations: Hollywood, UTA's Nashville, Los Angeles, American, California, America, Yellowstone, Georgia , Texas, Tennessee
New York Times leaders urged the newsroom to be "unflinching" in its coverage after Trump's election win. Trump has vowed to go after the media if he won a second term. AdvertisementThe New York Times urged its newsroom on Wednesday to be open-minded, fair, and "unflinching" in its coverage after former President Donald Trump's stunning election victory. The memo comes as news organizations across the US ready for a second Trump presidency. Trump has called the media an enemy and pledged to go after certain news organizations if he won a second term.
Persons: Trump, , Donald Trump's, Joe Kahn, Carolyn Ryan, Marc Lacey Organizations: New York Times, Times, Trump, Service, Business, The Times Locations: America
Dozens of New York Times tech workers crossed the picket line amid a tech strike. The Tech Guild is striking over remote work, pay equity, and subcontracting limits. AdvertisementDozens of New York Times tech workers have crossed the picket line since the Tech Guild went on strike Monday, sources said. AdvertisementThe Tech Guild, formed in 2021, represents Times workers like software developers and data analysts. AdvertisementThe strike has exposed some divisions among Tech Guild members — and between the guild and some Times journalists who have expressed a lack of sympathy for the tech workers.
Persons: , Benjamin Harnett, Harnett, There's, Nate Cohn Organizations: New York Times, Tech, Service, Times, Times Guild, Tech Guild
For many Americans, election night is a chance to blow off steam after an intense few months of campaigning that included a last-minute candidate switch and two assassination attempts. The homebodies are also set to make their economic mark on election night. In 2020, one food delivery company showed sales increased 20% on election night compared to the Tuesday prior. With tensions high, the country is bracing for civil unrest after the election , writes BI's Katie Balevic. The 2024 presidential race is already the most litigated in history, with more than 200 pending preelection lawsuits across 40 states , writes BI's Natalie Musumeci.
Persons: , Insider's Juliana Kaplan, Kamala Kush, MAGA, rita —, Brian Williams, James Carville, Shepard Smith, BI's Lucia Moses, Williams, Jonathan Wald, Tim Paradis, ResumeBuilder.com, Katie Balevic, BI's Natalie Musumeci, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Amazon, Veteran, American Psychological Association Locations: Brazil, Colombia, Chile, South Africa, New York, London
The New York Times' tech workers went on strike, risking disrupting the Times during the election. AdvertisementThe New York Times' tech workers went on strike Monday morning, threatening to disrupt the publication's operation during the presidential election and its aftermath. The Tech Guild, which represents workers like software developers and data analysts, said members would be picketing outside the Times' New York City headquarters. The Times Guild, which represents non-tech workers, called on Times management to complete a deal by Election Day. It's represented by the NewsGuild of New York, which also represents more than 1,400 newsroom and business employees via The New York Times Guild.
Persons: , It's, Sulzberger Organizations: New York Times, Tech, Times, Service, Tech Guild, The Tech Guild, Company, New York Times Guild, Business, The Times, Co Locations: New York City, New York
Mike Verdu, Netflix's former games chief, is now leading AI-driven game development. Netflix's games division, launched in 2021, has faced shifts and leadership changes. AdvertisementMike Verdu, Netflix's former games chief, has moved into a new role: he's now leading a generative AI gaming division at the streaming giant. Netflix launched a games division in 2021. He wrote that after Netflix games started to scale up, he recognized his strength was in running smaller teams.
Persons: Mike Verdu, , he's, Verdu, he'd, Alain Tascan, Greg Peters, Netflix's, there's, We've, Verdu didn't Organizations: Service, LinkedIn, Netflix, Epic Games
A recent court filing included six decks MrBeast's team made to pitch brands like GM, Ford, and LG. As in most media pitches, MrBeast's team focused on his audience demographics, scale, and splashy content to woo brands. In each deck, MrBeast's team shared metrics like subscriber and follower counts, monthly views, and unique viewers to showcase the scale of his YouTube empire. Advertisement"The Next Generation Is Not Watching TV," the MrBeast team wrote in many of the pitches. Keep reading for more details from MrBeast's pitch deck for General Motors, dated February 2023.
Persons: , Burger, MrBeast, Jimmy Donaldson, Jeffrey Housenbold, Mario, Donaldson, he'll Organizations: GM, Ford, LG, Service, General Motors, Walmart, Mario Bros, Verizon, Amazon's, Entertainment Locations: CarMax, Hollywood
Dude Perfect is planning a new studio facility in Texas for YouTube and other creators, BI revealed. Dude Perfect, with 60M YouTube subscribers, is expanding its media empire in Frisco. It's now opening an 80,000-square-foot entertainment destination headquartered in Frisco with features like a Dude Perfect museum, mini-golf course, and restaurants. Amazon just announced a deal with creator-focused firm Spotter to give its clients (which include Dude Perfect) opportunities to monetize their content on the e-commerce giant. With big companies, teams, and talent located in Texas, does Dude Perfect need LA?
Persons: , — Garrett Hilbert, Tyler Toney, Cody Jones, Coby Cotton, Cory Cotton —, Andrew Yaffe, It's, Mark Rober, Yaffe, we'll, We've, it's, Jake Paul, Mike Tyson's Organizations: YouTube, Service, Walmart, Highmount, Samsung, DFW, Dallas, May Otis, Netflix Locations: Texas, Frisco . Dallas, Frisco , Texas, Frisco, Dallas, DFW, Los Angeles, Atlanta, Chicago, LA, New York, Arlington , Texas
Amazon is testing news with a Brian Williams election-night special on Prime Video. AdvertisementAmazon is getting closer to jumping into news coverage with an election-night special hosted by Brian Williams. "Election Night Live with Brian Williams" will air on Prime Video at 5 p.m. "Election Night Live" is a gamble for Amazon, which has no history in news. A one-off news program is in keeping with its strategy of getting into live event programming like sports and live shopping, though.
Persons: Brian Williams, James Carville, Shepard Smith, , Baratunde Thurston, Williams, Jonathan Wald, Wald, Comcore, Jeff Bezos, Puck, Axios, They're Organizations: Service, Fox News, Business, Amazon, Washington Post, NBC, MSNBC, Politico Locations: , Iraq
The Washington Post said Friday it wouldn't endorse a presidential candidate. Reports suggest Jeff Bezos, who owns the Post, made the decision not to endorse a candidate. More than 200,000 people have canceled their Post subscriptions since Friday, NPR's David Folkenflik reported Monday, citing two knowledgeable sources. A Washington Post spokesperson declined to comment. The New York Times reported on Sunday that Jeff Bezos, the Washington Post's owner since 2013, voiced reservations in late September about running an endorsement.
Persons: Jeff Bezos, , NPR's David Folkenflik, Will Lewis, Lewis, David Hoffman, Molly Roberts, Michele Norris, Robert Kagan, Donald Trump, David Shipley, Mr, Bezos, Shipley Organizations: Washington Post, NPR, Service, Post, Los Angeles Times, New York Times, Washington, Times Locations: Washington
The paper reported owner Jeff Bezos made the call and that a Harris endorsement was planned. Advertisement"I've seen a lot of angst; people are upset," another Washington Post insider said. The newspaper's editorial guild posted a statement saying Lewis' decision raised concerns that management interfered with the editorial department and readers were canceling their subscriptions. A spokesperson for the Washington Post referred to Lewis' statement and declined to comment on any follow-up questions. Trump has mocked Bezos and the Washington Post, calling him "Jeff Bozo."
Persons: Jeff Bezos, Harris, , Robert Kagan, Semafor, Donald Trump, Will Lewis, Lewis, y5irP62zFk — Jeffrey Wright 🥜, aron, ears., uzbee Organizations: Service, Washington Post, Washington, ost, ashington Locations: Washington, ashington
Crosby, a partner at Susman Godfrey, is the lead attorney for The New York Times in its closely watched suit against OpenAI and Microsoft, claiming the Times' articles were used to train chatbots that compete with the newspaper. Nationally recognized for his work in IP and tech, Crosby has said he hopes the suit establishes that copyright holders must give permission and be paid for using their works to create AI products, especially ones that compete with journalism. "Nobody wins if AI consumes the livelihoods of creators whose original works make AI possible in the first place," he told Business Insider. OpenAI has called the suit without merit. See Business Insider's full AI Power List
Persons: Crosby, Susman Godfrey, OpenAI Organizations: The New York Times, OpenAI, Microsoft
Herndon is a musician known for pushing the limits of art and technology. In 2021, she created a vocal deepfake of herself by training a neural network on her voice, then lending it to the public to turn their voices into hers — a move she hopes will encourage other artists to take control over their work. Collaborating with her partner Mat Dryhurst, Herndon is at the forefront of using AI to make art. It's her way of pushing back against music-streaming platforms like Spotify that she says make it harder for musicians to make money and take a one-size-fits-all approach to music. See Business Insider's full AI Power List
Persons: Herndon, Mat Dryhurst
The decline of Hollywood in one chart
  + stars: | 2024-10-23 | by ( Lucia Moses | ) www.businessinsider.com   time to read: +4 min
LA has seen a steep drop in its share of TV and film jobs compared with the rest of the US. The decline comes as labor costs have gone up and other locales have sweetened their incentives. In recent years, the area has lost some TV and film jobs as countries such as Canada and states like Georgia have become production hubs. Los Angeles is losing TV and film jobs to the rest of the US. 2 entertainment-job market in the US (after LA) also saw its share of film and TV jobs dip.
Persons: , Patrick Adler, Taner Osman, Adler, FilmLA, Paul Audley, Otis Organizations: Industry, Service, Los Angeles, of Labor Statistics, Westwood Economics, Planning Associates, Otis College, Sound Recording Industries, Bureau of Labor Statistics, LA Locations: Los, Canada, Georgia, New York, Arizona, Kentucky, LA
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