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The Hollywood Reporter

The Hollywood Reporter

Wednesday, April 8, 2020

The all-new Hollywood Reporter offers unprecedented access to the people, studios, networks and agencies that create the magic in Hollywood. Published weekly, the oversized format includes exceptional photography and rich features.

País:
United States
Idioma:
English
Editor:
MRC Media, LLC
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48 Números

en aquest número

1 min.
heat index

Joe Ianniello The former CBS CEO, who exited in January after the merger with Viacom, walks away with his full separation fee of $125.4 million. Suzanne Scott The Fox News CEO takes fire from critics who note opinion hosts including Sean Hannity, Laura Ingraham and Jeanine Pirro initially downplayed the novel coronavirus threat. Eric Shanks As major leagues go dark, the Fox Sports CEO finds success with NASCAR iRacing, which draws 1.2 million viewers April 5, growing its audience for three straight weeks. Sam Gores Before launching a $1.1 million employee relief fund, the Paradigm Talent Agency chief is sued by a fired agent after presiding over 200 staffer layoffs and pay cuts. Showbiz Stocks $24.97 (+14.3%) FOX CORP. (FOX) Fox broadcast network enjoys lower exposure to the coronavirus pandemic thanks to its lighter load of scripted fare and reliance…

6 min.
hollywood’s virus relief efforts: ‘the response has been slow’

On March 12, Broadway shut down, leaving thousands of performers and stagehands out of work. In the aftermath, Madam Secretary actor Erich Bergen called Rosie O’Donnell with a plan to help those in need. “He said right from the get-go to do it as a benefit for The Actors Fund,” O’Donnell recalls. “They give you actual money so you can live. That’s what we want.” But since the March 22 live-streamed event — which featured performances by Kristin Chenoweth, Tituss Burgess and Darren Criss and raised $600,000 for the fund — the number of Hollywood figures stepping up to assist less-fortunate industryites appears to have slowed even as hundreds of thousands of showbiz rank and file remain out of work. Per publicly disclosed individual donations, the entertainment industry’s one percent has…

1 min.
hollywood’s bailout of itself

$100M NETFLIX Funds will go to the streamer’s out-of-work crew globally as well as third parties including the SAG-AFTRA COVID-19 Disaster Fund, the Motion Picture & Television Fund and The Actors Fund Emergency Assistance Program. $100M SONY The conglomerate said it will divide the funds three ways: to “front-line” medical efforts, to support children and educators who must now work remotely, and to members of the creative community. $100M WARNERMEDIA The AT&T division set up the fund “to assist team members” on its productions that have been halted amid the pandemic. It will “evaluate how we can best respond to the challenges we face” moving forward. $6M AMPAS The organization earmarked $4 million to be split equally between The Actors Fund and the Motion Picture & Television Fund and $2 million to go to the Academy Foundation to support its grants…

3 min.
why bankruptcy may not be the best option right now

Until this year, the world was getting pretty good at relaxing in movie theaters. The seats were growing ever bigger and made of higherquality fabric. And unlike on airplanes, consumers were invited to recline the seat as far back as possible. But then the novel coronavirus spread, and something changed. Consider the Chapter 11 bankruptcy of VIP Cinemas Holdings, a multinational and the world’s largest manufacturer of luxury recliner seating for movie theaters. On Feb. 18, VIP Cinemas filed for bankruptcy, which might at first sound like bad news. But this debtor came to Delaware court with what specialists call a “prepackaged plan of reorganization.” VIP Cinemas got a lender to put up money for operations during the bankruptcy process. VIP’s creditors had agreed to swap debt for equity in the company.…

2 min.
mgm quietly bets on big-swing originals

While other major Hollywood studios are grinding to a halt, MGM is making showy moves. Film chairman Michael De Luca, who was installed in January, is taking this time to attempt to reshape the company not just as a library of IP — think the James Bond and Creed franchises — but one that has a future with original material. In March and early April alone, he has hired executives and closed several splashy deals as some rivals appear to be in pause mode. THR has learned that MGM is acquiring Ridley Scott’s Gucci, a true-crime drama about the murder of fashion trailblazer Maurizio Gucci, and closed a deal for Lady Gaga to star. The studio beat out Netflix and at least one other streamer for the project about the machinations…

2 min.
best case 2020: u.s. box office down 40 percent

By April 3, the greatest calendar migration in the 100-year-plus history of the movie business was complete as virtually all major summer tentpoles relocated amid the coronavirus pandemic. The release-date shuffle revealed the industry’s collective hope that moviegoing will return to normal levels by mid-July. If this scenario holds, North American box office revenue will struggle to hit $7 billion for the year, the lowest figure in more than two decades and nearly 40 percent behind 2019 ($11.4 billion), per London-based research firm Gower Street Analytics. The company estimates that domestic revenue will come in at $6.82 billion if all 5,400 theaters stateside stay shuttered for a full three months, with traffic returning to normal levels immediately. If theaters are closed for three months, but traffic builds slowly, that number could be…