The Hollywood Reporter September 22, 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.

United States
Penske Media Corporation
USD 6.99
USD 99
48 Números

en este número

1 min.
heat index

Digital Crypto Spends Big Trading firms enlist stars to gain respectability p. 20 Finance Mnuchin Returns The ex-Trump official is back investing in content p. 22 Lesli Linka Glatter The Homeland helmer wins the election for a two-year term as DGA president and will lead the talks for the union’s next negotiation with studios on a work agreement. Jack Dorsey Twitter, headed by the tech mogul, spends $809.5 million to settle a class-action lawsuit from 2016 over allegedly misleading growth metrics. Lucian Grainge Universal Music Group, led by the CEO, goes public in Amsterdam, giving the label a market cap of $53.35 billion at the end of its first trading day, above recent stake valuations. Lior Raz The Fauda co-creator’s Hit & Run thriller series, his first Netflix project and another star vehicle, gets scrapped by the streaming giant after one season. Showbiz Stocks $21.62…

5 min.
‘change that is long overdue’: why iatse may call for a strike

On Sept. 18, as industry power brokers were getting ready for the Primetime Emmy Awards telecast, an estimated 2,800 crafts workers in Local 700 — which represents Hollywood editors — participated in a roughly four-hour remote call to discuss options if their umbrella union, the International Alliance of Theatrical Stage Employees, were to call on tens of thousands of its 150,000 members to strike. At least one other local held a similar call over the awards weekend. IATSE, which represents crewmembers including grips, cinematographers, editors, costumers, hairstylists and more, informed members Sept. 20 that it would hold a nationwide strike authorization vote (no date was disclosed) amid increasingly strained contract negotiations with producers. Thirteen West Coast locals have been negotiating their next three-year film and television contract with the Alliance of…

3 min.
viacomcbs’ streaming push is convincing wall street (so far)

Shari Redstone’s ViacomCBS appears ready to take a big risk: playing to win in the streaming wars. The company plans to double its streaming content spend to bulk up streamer Paramount+ — it currently spends $15 billion annually, split between linear and digital — and is hunting for partnerships. After merging CBS and Viacom, shedding noncore assets like publisher Simon & Schuster and redeploying freed-up money toward streaming, some on Wall Street are becoming less skeptical of Redstone’s plans. Wells Fargo analyst Steven Cahall raised his stock rating on ViacomCBS to “overweight” in mid-August, saying, “Streaming efforts are bearing fruit and have impressed us, so we move from historical bears to constructive bulls.” “Historically, we have been bears and saw streaming as a show-me story,” Cahall admitted. “They’ve shown us!” By…

4 min.
crypto spending big on hollywood names to gain ‘trust’

In 1989, the internet was cutting-edge technology. CompuServe, at the time the dominant firm in the nascent sector, wanted to introduce it to the population at large. So it did what any company would do in that situation: It bought ads on TV. Those spots, which for many viewers marked the first time they had heard of the internet, underscored the power of entertainment to introduce new ideas to the public. Now, Hollywood once again is being used by an industry on the fringe hoping to gain mainstream acceptance. Cryptocurrency firms, including exchanges, digital wallets and other businesses in the sector, are lining up celebrity endorsers and scooping up TV ads in a bid to gain scale and greater consumer respectability. “It’s not that different than the early days of the internet,…

3 min.
by the numbers: emmys 2021

+16% That shared sigh of relief heard round Hollywood on Sept. 20, post-Emmys, came from broadcast television execs — particularly over at CBS, where the Cedric the Entertainer-hosted show’s catastrophic ratings trend finally rebounded with a year-over-year viewership gain of 16 percent, delivering 7.4 million viewers. Maybe awards shows aren’t dead after all… 432 Despite premiering to rapturous acclaim in summer 2020 and earning major kudos in her native U.K., snubs for Michaela Coel’s I May Destroy You have been a recurring narrative at major American awards shows for nearly a year. She finally earned her first major stateside nod for writing the HBO limited series, 432 days after the finale aired. 12 The consolidation of wealth at the Emmys could soon become cause for concern. After 2020’s Schitt’s Creek sweep, the number of projects…

2 min.
mnuchin’s private equity play takes saudi cash for ‘new forms of content’

Deal of the Week Former Trump administration Treasury Secretary Steven Mnuchin is planning a return to media investing, though expect an emphasis more on digital content than the traditional theatrical films he financed before his turn in government. Mnuchin has raised $2.5 billion for his private equity fund, Liberty Strategic Capital, and is seeking investments in technology, fintech, cybersecurity, financial services and “new forms of content,” according to a news release that accompanied its first investment, in which it led a $275million raise by the cybersecurity firm Cybereason. It isn’t entirely clear what Liberty means by “new forms of content,” but many big tech companies are pushing virtual and augmented reality hardware and content products and digital gaming; both classic video games and content around sports wagering remain hot markets. That emphasis suggests…