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☆ Why Apple TV+ could be hit harder than Netflix, Disney+, and other streamers by a looming Hollywood writers' strike
  + stars: | 2023-05-01 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +8 min
But ahead of a potential Hollywood writers' strike, the streamer faces two key vulnerabilities. Hollywood is bracing for a possible writers' strike that could begin at midnight PT, following an overwhelming strike authorization by members of the Writers' Guild of America West and East last month. But, by comparison, Prime Video, Netflix, and Discovery+ offer viewers thousands of TV series, according to ReelGood data from the end of 2022. "They're building a long-term brand of Apple TV+, which is something apart from all their devices and their cool software. It would not damage the perception that people have of Apple TV+."
☆ Inside LinkedIn's new push to use AI tools to amplify — not replace — creators' voices
  + stars: | 2023-04-28 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +8 min
LinkedIn sees potential for AI to amplify — not replace — creators' voices. Firmly of the view that artificial intelligence technology can augment and amplify those users' voices — not replace them — LinkedIn is eyeing opportunities in the burgeoning space. LinkedIn's collaborative articles begin with a thread generated with the help of AI, and then invite select users to contribute their perspective. Enter collaborative articles, which invited the several dozen teachers to offer up ideas like exhibiting "vulnerability" in the classroom. Think of these seminars like LinkedIn's version of Master Classes on topics like generative AI, machine learning with Python, and AI accountability.
☆ Apple TV+ has 2 big disadvantages compared to Netflix, Disney+, and other streamers as a Hollywood writers' strike looms
  + stars: | 2023-04-26 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +8 min
But ahead of a potential Hollywood writers' strike, the streamer faces two key vulnerabilities. Hollywood is bracing for a possible writers' strike that could begin on May 1, following an overwhelming strike authorization by members of the Writers' Guild of America West and East earlier this month. But, by comparison, Prime Video, Netflix, and Discovery+ offer viewers thousands of TV series, according to ReelGood data from the end of 2022. "They're building a long-term brand of Apple TV+, which is something apart from all their devices and their cool software. It would not damage the perception that people have of Apple TV+."
☆ AI is disrupting Hollywood, and one investor sees huge potential in startups harnessing data to identify valuable IP for TV and film
  + stars: | 2023-04-26 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +5 min
A private credit investor explains why Wall Street sees the potential for big returns from the tech. "What we're interested in right now are companies that are creating a more automated way of identifying valuable IP," Aria Vossoughi of Serengeti Asset Management told Insider. To be sure, Hollywood has been taking steps toward fusing data, algorithms, and creative content for years. Michael Blank, head of consumer investing at CAA, previously told Insider that investments in this arena are "blowing up right now." It supplements it more than replacing it," he told Insider of AI tech.
☆ Groceries, gas, or Netflix? Gen Zers are dropping their streaming subscriptions as inflation hits.
  + stars: | 2023-04-24 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +9 min
Nearly two-thirds of millennial and Gen Z consumers have canceled a streaming subscription in the prior six months, a Deloitte survey found. Insider spoke with five millennial and Gen Z consumers who blamed soaring inflation for driving them to cut subscriptions in favor of essentials like gas or groceries. On average, consumers spend $48 per month on streamers, Deloitte said. From Deloitte's 2023 Digital Media Trends survey: 32% of millennials and 30% of Gen Zers said they canceled a streaming subscription within the past six months in order to save money. Gen Z-ers, born between 1997 and 2009, were the runners-up with a 57% churn rate over the same period.
☆ Hollywood agency WME's newest film agent is a twentysomething talent Midas whose must-read comedy newsletter spotted rising stars and launched careers
  + stars: | 2023-04-18 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +4 min
High-powered Hollywood talent agency WME has scooped up a new film agent from outside the company. Daniel Cramer, a former producer at Sony Pictures, was named by Insider as a 2022 rising star of the entertainment business. He became known as a talent spotter with his Cramer Comedy Newsletter, a curated email for industry insiders. As a producer and newsletter writer, Cramer has been an under-the-radar power broker in Hollywood for several years. Do you work in the entertainment industry?
☆ Streamers have a Gen Z problem: New data reveals why younger subscribers are more likely to cancel as inflation forces them to choose between Netflix and necessities
  + stars: | 2023-04-17 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +8 min
Nearly two-thirds of millennial and Gen Z consumers have canceled a streaming subscription in the past six months, a Deloitte survey found. Canceling the subscriptions meant sacrificing entertainment that provided "comfort" and staved off monotony during the coronavirus pandemic, McMiller said. Insider spoke with five millennial and Gen Z consumers who blamed soaring inflation for driving them to cut subscriptions in favor of essentials like gas or groceries. Overall, 44% of total respondents canceled a paid entertainment subscription within the past six months, including for reasons unrelated to cost savings. Millennials, born between 1983 and 1996, spend an average of $54 per month on streaming subscriptions — the most of any demographic, Deloitte said.
☆ Is AI coming for Hollywood? A Wall Street investor breaks down why he's bullish about a growing class of startups harnessing data to identify the next big blockbuster.
  + stars: | 2023-03-30 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +5 min
A private credit investor explains why Wall Street sees the potential for big returns from the tech. "What we're interested in right now are companies that are creating a more automated way of identifying valuable IP," Aria Vossoughi of Serengeti Asset Management told Insider. To be sure, Hollywood has been taking steps toward fusing data, algorithms, and creative content for years. Michael Blank, head of consumer investing at CAA, previously told Insider that investments in this arena are "blowing up right now." It supplements it more than replacing it," he told Insider of AI tech.
☆ Miramax launched a film development team to resurrect its blockbuster-rich heyday. But a string of key departures has hobbled the vision and frustrated some Hollywood creatives.
  + stars: | 2023-03-24 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +7 min
Miramax built out a film development team early in the pandemic to bring in new projects and filmmakers. "He's the perfect leader to take the Miramax film team into this next chapter." Hammer's credits as a production executive include "Last Vegas" and "Inside Llewyn Davis." The first source said the film development team had worked to turn the company's reputation around by emphasizing relationships with respected filmmakers. But this person and an independent producer familiar with the Hollywood landscape, agreed that Miramax is no longer a top player in film development.
☆ 'Flamin' Hot' producer DeVon Franklin reveals why he tapped Eva Longoria to direct the film and why he's unfazed by questions over whether it's true to the origins of the fiery Cheetos flavor
  + stars: | 2023-03-13 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +11 min
The movie "Flamin' Hot" celebrates Mexican heritage and the invention of Flamin' Hot Cheetos. Impressed with the unlikely entrepreneur, Enrico gave it a try — and thus, Flamin' Hot Cheetos were born, and Montañez's career took off. "Flamin' Hot" stars actor Jesse Garcia as Richard Montañez. Eva Longoria directed the new film "Flamin' Hot." The LA Times article, amongst journalists and amongst this small group of people, may get some traction.
☆ With 'Flamin' Hot' movie set to premiere at SXSW, its producer tackles claims about the central character's role in creating the spicy Cheetos flavor and reveals how Eva Longoria won the director job
  + stars: | 2023-03-10 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +11 min
The movie "Flamin' Hot" celebrates Mexican heritage and the invention of Flamin' Hot Cheetos. An LA Times report raised doubt about the role of the film's protagonist, Richard Montañez, in creating the flavor. Impressed with the unlikely entrepreneur, Enrico gave it a try — and thus, Flamin' Hot Cheetos were born, and Montañez's career took off. Eva Longoria directed the new film "Flamin' Hot." The LA Times article, amongst journalists and amongst this small group of people, may get some traction.
☆ Cheddar News has seen so many exits that managers have asked staffers to delay scheduled vacations, while promising that reinforcements are on the way
  + stars: | 2023-03-08 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +7 min
Cheddar News has lost more than 10 newsroom staffers since the start of 2023, sources told Insider. As of March, Cheddar appears to have plans to hire at least five news-related roles, according to Altice's jobs portal. a former Cheddar producer said. The two executives are said to have denied speculation that Altice has any plans to combine Cheddar and News 12. Sources previously told Insider that, throughout 2022, the Cheddar newsroom had contracted by roughly a third.
☆ People magazine offered voluntary resignation packages alongside January layoffs, and now insiders say rumors are swirling of more staff cuts ahead
  + stars: | 2023-02-24 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +8 min
The resignations, in exchange for severance packages, were offered the same day Dotdash Meredith laid off 7% of staff. In January, Dotdash Meredith cut 7% of its headcount during a difficult squeeze for the media industry, as ad spending has tumbled amid an uncertain economy. Dan Wakeford, a 7-year veteran of the publication who had served as editor-in-chief since 2019, departed last year after the formation of Dotdash Meredith under IAC. Severance pay will be paid in installments on the regular biweekly payroll schedule. KandisDo you work at People magazine or Dotdash Meredith and have insight to share?
☆ The Intercept laid off half a dozen staffers last month, culling the video team and other key positions from the nonprofit investigative newsroom
  + stars: | 2023-02-08 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +3 min
The Intercept laid off half a dozen staffers last month, Insider has learned. The layoffs mean the investigative outlet no longer has a video team and cut other key positions. Amid a spate of layoffs that have rocked newsrooms over the past few months, the nonprofit newsroom The Intercept laid off half a dozen staffers in January, Insider has learned. "We can't build something if we're losing colleagues at a rate like this," the union organizers wrote in the mid-January note. Are you a media insider who's been affected by recent layoffs, or thinks a staff cut might hit your company?
☆ In leaked audio, Cheddar bosses address newsroom burnout and outline their goals, but offer no concrete solutions for declining morale and ongoing exits
  + stars: | 2023-01-13 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +5 min
Insider obtained leaked audio of an hour-long all-hands meeting at Cheddar News. Leadership also addressed employees' concerns about the state of the company, including under-staffing, burnout, and a recent wave of departures. Three more staffers have either exited Cheddar's newsroom or are imminently on the way out this week, Insider has learned. A spokesperson for Altice USA offered no comment. Are you an insider at Cheddar News or Altice USA?
☆ Inside the turmoil at Cheddar News, where an editorial 'identity crisis' and misfired social media strategy divided the newsroom and drove staffers to the exits
  + stars: | 2023-01-09 | by ( Reed Alexander | Elaine Low | ) www.businessinsider.com   time to read: +21 min
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.
☆ Disney succession plan is a top priority for returning CEO Bob Iger: 'People would struggle to write down three names' at the company who could step up
  + stars: | 2022-12-03 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com   time to read: +6 min
Former Disney CEO Bob Iger is back in his old job, in a move that shocked the media world. From cost cuts to streaming to a solid future succession plan, here's what they hope the CEO will tackle. Following the stunning November 20 announcement that former Disney CEO Bob Iger would be returning to his old job, the happiest place on earth might actually be Wall Street. "What I like about Bob Iger is Bob Iger has always been direct, he's been honest, he's been willing to make tough choices," Michael Nathanson, a senior research analyst and co-founder of the firm, said in a CNBC interview. Are you a Disney insider with insight to share about Bob Iger's return?
☆ Read the pitch deck for a startup that's aiming to disrupt film production in Hollywood with an app that's 'like fantasy football for film buffs'
  + stars: | 2022-11-29 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +6 min
Startup production company Legion M is crowdsourcing funds and promising to give movie fans greenlight power. Legion M, founded by Paul Scanlan and Jeff Annison, lets investors buy shares for as little as $40. Legion M now has four films in post-production slated to be released in 2023, the cofounders added. Legion MLegion MLegion MLegion MLegion M'A company with a built-in audience for everything it creates'One slide spells out the potential power of one million fan-investors — as consumers, promoters, and predictors of successful projects. Legion MThe Nicolas Cage film 'Mandy' was an early success for Legion MLegion MLegion MLegion MLegion MLegion M says its annual revenue has surpassed $1 millionLegion MLegion MLegion M
☆ How FTX's implosion put crypto news sites like CoinDesk, The Block, and Decrypt in the spotlight as they work to fend off an ad slump and conspiracy theories about their coverage
  + stars: | 2022-11-24 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com   time to read: +15 min
Crypto news sites like CoinDesk, The Block, and Decrypt have dominated coverage of the FTX implosion. Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. "We cover the good, the bad and the ugly," Dan Roberts, the editor-in-chief of Decrypt, told Insider. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet.
☆ CoinDesk's chief content officer breaks down crypto media's advertising challenges and how he's steering the site through by exploring opportunities in NFTs and Web3
  + stars: | 2022-11-23 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +5 min
The incident has led to stress on other crypto companies, including one owned by CoinDesk's parent company. It's all unfolding as media companies fend off cuts and layoffs and an industry-wide slump in advertising revenue, which has seen big crypto companies like Grayscale, Binance, and Coinbase slash their advertising budgets. In an email to Insider, Casey reiterated that the incident does not impact CoinDesk's business. Are you a crypto or media insider with insight to share? Disclosure: Axel Springer is Insider's parent company.
☆ The story of Sam Bankman-Fried's FTX implosion put crypto news sites like CoinDesk and The Block on the map. Inside their plan to fend off an ad slump and conspiracy theories — and keep winning.
  + stars: | 2022-11-21 | by ( Reed Alexander | Steven Perlberg | ) www.businessinsider.com   time to read: +14 min
Now, crypto media staffers are wondering whether more dominoes falling from FTX could further hurt the industry or cripple their ad revenues. Crypto media kicks into overdriveRoberts said Decrypt's traffic doubled during the first week of the FTX saga. "In general, I think these things are good for crypto media," he said. Stacy-Marie Ishmael, the managing editor for Bloomberg's crypto team, likened burgeoning crypto coverage to 1990s coverage of the Internet. "It's now a situation where the crypto media has egg on their face.
☆ Bob Iger's return to Disney is fueling concern over future CEO succession plan: 'People would struggle to write down three names inside Disney' who could step up
  + stars: | 2022-11-21 | by ( Lucia Moses | Reed Alexander | ) www.businessinsider.com   time to read: +6 min
Former Disney CEO Bob Iger is back in his old job, in a move that shocked the media world. From cost cuts to streaming to a solid future succession plan, here's what they hope the CEO will tackle. Following the stunning announcement late Sunday night that former Disney CEO Bob Iger would be returning to his old job, the happiest place on earth might actually be Wall Street. "What I like about Bob Iger is Bob Iger has always been direct, he's been honest, he's been willing to make tough choices," Michael Nathanson, a senior research analyst and co-founder of the firm, said in a CNBC interview on Monday. Are you a Disney insider with insight to share about Bob Iger's return?
☆ Check out the 15-page pitch deck that Legion M, a Hollywood production startup, is using to recruit movie fans as investors for as little as $40
  + stars: | 2022-11-15 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +6 min
Startup production company Legion M is crowdsourcing funds and promising to give movie fans greenlight power. Legion M, founded by Paul Scanlan and Jeff Annison, lets investors buy shares for as little as $40. Legion M now has four films in post-production slated to be released in 2023, the cofounders added. Legion MLegion MLegion MLegion MLegion M'A company with a built-in audience for everything it creates'One slide spells out the potential power of one million fan-investors — as consumers, promoters, and predictors of successful projects. Legion MThe Nicolas Cage film 'Mandy' was an early success for Legion MLegion MLegion MLegion MLegion MLegion M says its annual revenue has surpassed $1 millionLegion MLegion MLegion M
☆ An exec at Kevin Hart's production company reveals 3 strategies that helped her rise from assistant to VP of TV production in just 4 years
  + stars: | 2022-11-08 | by ( Reed Alexander | ) www.businessinsider.com   time to read: +5 min
Tiffany Brown is vice president of television at Kevin Hart's production company, Hartbeat. Brown, one of Insider's Rising Stars of the entertainment business, rose from assistant to VP in a few years. But staying at the assistant level forever wasn't in the cards for Brown, who in 2018 landed a gig as a junior executive at Hartbeat, comedian Kevin Hart's production company. Learn the basics and don't be above paying your dues"The first thing to focus on is doing the assistant job," Brown said. Foster close relationships with industry peers you like and trust"Some of the most important relationships that I have in this industry," Brown said, are the people she rose up with.
☆ Netflix is entering a new era with ads. Here's how marketers and brands could influence the programming you see on the streamer.
  + stars: | 2022-11-03 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com   time to read: +8 min
Media experts say forays into ad-based streaming will influence content strategy at Netflix and Disney+. Netflix and Disney+ are readying services with ads to expand their appeal and revenue opportunities amid softening subscriber growth. Netflix's move to add advertising — a reversal of its longtime stance against ads — has been the subject of widespread research. Ultimately, experts predicted, it will take at least a year or two for the influence of advertisers to be felt in the streamers' content mix. Do you work for an entertainment company like Netflix or Disney+?
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