Latest Business News
Fubo Drops to 1.51M North American Subscribers in First Quarter
The sports streaming platform FuboTV — which is battling to stop a rival Disney, Warners and Fox sports streaming joint venture in the works — reported it ended the first quarter with 1.51 million paid subscribers in North America, down from 1.61 million at the end of the fourth quarter of 2023. The streamer, led […]
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Broadway Musical ‘Lempicka’ Sets May Closing Date
The new musical Lempicka announced that it will play its final performance on May 19, about one month after it opened on Broadway. The musical, about the life of artist Tamara de Lempicka, is the first to announce closing after the Tony nominations were announced Tuesday. The two leads in the musical, Eden Espinosa and […]
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Byron Allen’s Media Company to Undergo Layoffs
Byron Allen’s media firm is set to undergo a notable round of layoffs, the company disclosed. “Allen Media Group is making strategic changes to better position the company for growth that will result in expense and workforce reductions across all divisions of the company,” a rep for Allen Media told The Hollywood Reporter on Thursday. […]
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Live Nation Says It’s Not “Legally Permissible” to Break Up the Company As DOJ Lawsuit Looms
Addressing the potential pending lawsuit from the Department of Justice against Live Nation Tuesday, Live Nation CFO and President Joe Berchtold said the company is about to begin talks with senior division leadership at the DOJ, but that he does not believe separating Live Nation and Ticketmaster will be the end result. “Based on the […]
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IATSE’s United Scenic Artists Names First National Director
For the first time in its roughly 130 years of existence, the national crew union representing designers and scenic artists across film, television, commercials and theater has a national director. On Wednesday the IATSE-affiliated labor group United Scenic Artists, Local USA 829, announced that it was elevating Josh Austin to the newly-established role. The Local’s […]
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Universal Music Group CEO On New TikTok Deal: “Human Artistry Must Be Respected”
Universal Music Group chairman and CEO Lucian Grainge has applauded a new music licensing deal with TikTok which ends a recent months-long standoff over royalties to be paid out around the social media platform. “It’s another significant step we’ve taken to guide the industry’s evolution to a future where human artistry must be respected,” Grange […]
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Jessica Casano-Antonellis to Lead Comms at Disney-Fox-Warner Sports Streaming Platform
Jessica Casano-Antonellis is leaving SiriusXM to head up communications at the new sports joint venture formed by Disney, Fox and Warner Bros. Discovery. She will be senior vice president of communications at the new venture and responsible for all communications, as well as a member of the company’s executive leadership team. She will report directly […]
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New Platform Aims to Help Hollywood Crew Members Find Work
As return to production in Los Angeles continues to be slow in the wake of Hollywood’s 2023 strikes, production tracking service ProdPro is launching a new tool that aims to help film workers find upcoming jobs and connect with colleagues. The new service, ProdPro Network, provides a platform for crew members to see ProdPro’s research […]
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FuboTV-Led Coalition Asks Congress for Hearing on Disney-Fox-Warner Sports Streaming Platform
FuboTV and other smaller streamers are looking to take their battle against Fox, Disney and Warner Bros. Discovery’s sports streaming joint venture to Washington D.C. FuboTV, joined by DirecTV, Dish Network and Newsmax, in a letter to Congressional leaders called for hearings into the future of pay TV competition and its impact on consumers. “Recent developments […]
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French Commission to Investigate Sexual Abuse Across Film Industry
The French Parliament has agreed to launch an inquiry into sexual and gender-based violence across the country’s film, audiovisual, performing arts, advertising and fashion sectors. On Thursday, the Assemblée Nationale unveiled the launch of the inquiry following a speech made by French actress and director Judith Godrèche in February. Godrèche has become a crucial figure in France’s […]
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SAG-AFTRA Inks Deal With Nielsen to Measure Streaming Content
SAG-AFTRA has cut a deal with the measurement and analytics firm Nielsen to be a third-party provider of streaming content measurement. The Nielsen data — from its Streaming Content Ratings service — will “complement first-party data from streaming platforms and serve as a consistent and comparable lens through which the performance of streaming titles across […]
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Cinemark Swings to First-Quarter Profit Despite Lower Revenue
Movie theater owner Cinemark Holdings reported first-quarter revenue of $572.9 million for the three months ended March 31, down 5 percent from $610.8 million in the prior year. That beat a Wall Street analysts estimate for overall revenue at $558.2 million. Overall attendance fell to 40.0 million patrons across its global footprint, down from 42.9 million customers […]
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Hollywood Pantages Ushers Ratify First Contract
A little over a month after reaching a tentative agreement with management, unionized ushers at the Hollywood Pantages Theatre have ratified their first labor contract. Thirty-eight union members voted “yes” on the proposed pact while 13 voted “no” in a vote that took place on Monday, the ushers’ union IATSE B-192 shared with The Hollywood […]
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Josh Rosenbaum Promoted to Partner at Ken Kao’s Waypoint
Josh Rosenbaum has been promoted to partner at Ken Kao’s Waypoint Entertainment, the production and finance company behind Neon’s upcoming horror thriller Cuckoo. Rosenbaum, who began his career at WME, joined the company in 2015 and has worked on films that include 2017’s Hostiles, Jared Leto starrer The Outsider, and Jonah Hill’s directorial debut, Mid […]
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Airbnb Goes Hollywood With Plans to Rent X-Men Mansion, ‘Up’ Home, ‘Purple Rain’ House and More
The mansion, sitting atop a hill in Westchester County, New York, could be mistaken for any number of homes in the area, save for one little, er, big, thing. In the driveway, feet from the front door, there is the battered severed head of a giant Sentinel, one of the antagonists to the X-Men. The […]
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Stampede Ventures Names Jim Meenaghan as COO
The former 15-year UTA exec and partner Jim Meenaghan has been tapped as COO of Greg Silverman’s Stampede Ventures. Meenaghan, who served as co-head of independent film and head of MP business affairs at UTA, will oversee day-to-day operations at the studio under founder and CEO Silverman. “Stampede Ventures is the perfect opportunity for me, […]
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