The Hollywood Reporter June 30, 2021

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.

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País:
United States
Idioma:
English
Editor:
Penske Media Corporation
Periodicidad:
Weekly
USD 6.99
USD 99
48 Números

en este número

1 min.
heat index

Mark Zuckerberg Facebook, led by its founder, hits a $1 trillion market cap after antitrust complaints by multiple states and the Federal Trade Commission are dismissed by a judge. Jenna Bans Talks to renew the creator’s critical darling drama series, Good Girls, for a fifth and final season implode at NBC, which canceled all four of its bubble dramas. Eva Longoria/Sid Ganis The actress is elected to the board of trustees and the producer is named honorary trustee at the Academy Museum, which is set to open Sept. 30. Ma Huateng Amid China’s regulatory crackdown, tech giant Tencent, led by its CEO, has seen a sell-off of $1.4 billion worth of shares in June among the country’s traders, per Bloomberg. Showbiz Stocks $21.41 (+0.2%) IMAX (IMAX) Universal’s F9 had the biggest pandemic opening yet, driven in significant part by large-format…

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4 min.
digital media’s next pivot: ‘last resort’ efforts to go public

During the venture capital-funded digital media boom of the 2010s, startup founders often voiced world-conquering ambitions. In 2014, Vice Media co-founder Shane Smith bragged: “We won’t be the next CNN or ESPN or MTV. We’ll be 10 times that size.” A year later, BuzzFeed CEO Jonah Peretti informed staff that they were building “a global, cross-platform network for news and entertainment … something that has never existed before.” Half a decade later, those grandiose visions are gone as both companies claw to claim a larger share of advertising revenue in a landscape dominated by Facebook and Google. Their risky gambit? Go public to raise cash and roll up more of their competition through a special purpose acquisition company, or SPAC, a blank-check firm that raises money in an IPO, with the…

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1 min.
an exit for hollywood investors?

VICE MEDIA 21st Century Fox Before Disney acquired its assets, the Murdoch-led firm nabbed a $70 million stake in August 2013, months after Vice’s Shane Smith told THR: “If people are valuing us at a billion dollars, then fine.” A+E Networks The joint venture of Hearst and Disney invested $250 million in August 2014, valuing Vice at $2.5 billion as it eyed an entry into linear TV. Walt Disney Co. In 2015, Bob Iger invested $400 million for a 10 percent stake as Vice rebranded a cable outlet to launch Viceland. That bet didn’t pay off: By 2019, Disney ended up writing off its entire stake in impairment charges. GROUP NINE MEDIA Axel Springer The German media giant, owners of Business Insider, participated in investment rounds with Discovery, with an eye toward growing video content across brands. Discovery Inc. From 2016…

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2 min.
apple, spotify are listening to the future: paid podcasts

Amid a gold rush for advertising in podcasts — total ad revenue is expected to exceed $1.3 billion this year — Spotify and Apple are both rolling out new creator tools in an emerging area: subscriptions. In April, Spotify staked a claim by unveiling its service through Anchor, the podcast platform it acquired in 2019, allowing creators to set a monthly price of $2.99, $4.99 or $7.99 for consumers. Apple countered June 15 with the launch of its own tools, allowing creators to set pricing starting at $0.49 per month. Creators keep 100 percent of their revenue (aside from processing fees) with Spotify’s service — which is available only to U.S. creators — until 2023, when Spotify will begin taking a 5 percent cut. Yet on Apple — which is available…

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3 min.
michael strahan, tom brady want to build ‘pixar of sports’

Just as live sports ratings are surging this year, sports-related film and TV content is in demand. And Tom Brady is among those trying to carve out a bigger piece of that pie. Brady joins Good Morning America co-host Michael Strahan and filmmaker Gotham Chopra as cofounders of the media company Religion of Sports, which is betting that there is pent-up demand for access to top athletes. Founded as a nonfiction company in 2018 with titles like Kobe Bryant’s Muse, a doc directed by Chopra, it’s expanding into new formats, having launched a scripted division and an audio storytelling unit in the past year. And it has used the pandemic to staff up after raising more than $10 million. “We are one of those strange companies that actually grew a lot…

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2 min.
will netflix’s stock become less driven by subscriber growth?

Although Netflix boasts 207 million global subscribers, the company is still viewed by Wall Street as a disrupter. Better-than-expected sub growth has made investors swoon for the stock; shortfalls have chilled it. Yet, as analysts expect Netflix to miss sub expectations again when it reports its latest results July 20, another indicator for the streaming giant is emerging. Earnings and average revenue per user, helped by price increases, are becoming more important to Netflix’s performance, argues Wells Fargo analyst Steven Cahall. In the U.S., Netflix plans range in price from $9 to $18 a month. Even if sub gains hold steady in the 20 million to 25 million per year range, “the math makes annual net adds a decelerating percentage on the growing base” of its revenue, Cahall explained in…

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