Morning Consult Entertainment: Amazon Reportedly Considers AMC Theatres Acquisition




 


Entertainment

Essential entertainment industry news & intel to start your day.
March 29, 2023
Twitter Email
 

Today’s Top News

  • Amazon.com Inc. founder Jeff Bezos has rallied his investment advisers and top entertainment executives to explore a potential acquisition of AMC Entertainment Holdings Inc., which has struggled to keep its finances afloat, according to multiple senior sources familiar with the discussions. Amazon wants to use AMC locations as “marketing weigh stations,” according to a source, which would be used to promote Amazon’s movie releases during awards season and gather important data from AMC’s 200 million annual customers. (The Intersect
  • The NFL and private-equity firm RedBird Capital Partners are launching a new venture called EverPass Media to commercially distribute the league’s subscription-only package Sunday Ticket so games can be streamed at bars and restaurants during the upcoming season. In December, Alphabet Inc.’s YouTube agreed to a $2 billion deal with the NFL for Sunday Ticket’s residential rights, which also go into effect next season. (The Wall Street Journal)
  • Nielsen Holdings PLC and Warner Bros. Discovery Inc. reported that 2.3 million viewers tuned into the fourth season premiere of HBO’s “Succession” on Sunday night, a 33% increase from the third season’s finale, which brought in 1.7 million viewers in December 2021. The fourth season premiere also earned 62% more viewers compared with the third season’s premiere. (Variety)
 

Chart Review



 
 

What Else You Need to Know

General
 

Regal Parent Cineworld Expects Bids For Theaters Outside U.S./UK, Says Plan To Exit Chapter 11 Nearly Ready

Jill Goldsmith, Deadline

An attorney for bankrupt movie theater chain Cineworld said today it has “several” interested parties eyeing its business in “rest of world” — meaning Israel and Europe outside the UK — but nothing pending for the entire company, or, it seems for Regal in the U.S.

 

Paramount stock jumps on Bank of America upgrade citing ‘significant buyer interest’

Alexandra Canal, Yahoo! Finance

Paramount Global’s stock closed up more than 3% on Tuesday following an upgrade from Bank of America based on a potential sale of all or part of the company.

 

WGA’s Compensation Battle Heightened by Rampant Inflation, Low Scale Hikes in Recent Years

Gene Maddaus, Variety

The conversation about a new WGA contract has centered on the streaming economy, and how writers can make their way in a world of shorter TV seasons and slackening demand for shows.

 

Universal’s Rebranded Parks Division Taps Brian Robinson & Eric Parr As It Fires Up Creative Unit

Jill Goldsmith, Deadline

The recently renamed Universal Destinations & Experiences (previously Parks & Resorts) has named two executives to key roles at its growing creative division.

 

Victoria Alonso Clashed With Marvel Over Blurring Gay Pride References in ‘Ant-Man 3’ for Kuwait

Pamela McClintock and Aaron Couch, The Hollywood Reporter

Disney recently showed Alonso the door over a separate issue.

 

Alibaba to Split Into 6 Parts, Including Digital Media and Entertainment Group

Georg Szalai, The Hollywood Reporter

Alibaba Pictures and video streamer Youku will be part of the entertainment business.

 

Animation Studio House of Cool Sells to Teletubbies Owner WildBrain In $11.3M Deal

Etan Vlessing, The Hollywood Reporter

Animation producer WildBrain has unveiled a deal to acquire House of Cool for $15.5 million in Canadian cash and stock (about $11.3 million in U.S. dollars).

 

Adnan Syed’s murder conviction is reinstated months after he was freed

Doha Madani and Ken Dilanian, NBC News

A new hearing about the evidence to vacate Syed’s conviction will be held to allow Hae Min Lee’s family to attend.

 

Gwyneth Paltrow’s ski collision trial continues with defense

Sam Metz, The Associated Press

Gwyneth Paltrow’s attorneys are expected to continue relying mostly on experts to mount their defense on Wednesday, the seventh day of the trial over her 2016 ski collision with a 76-year-old retired optometrist.

 
Film
 

Wes Anderson’s Star-Studded Comedy ‘Asteroid City’ Is On Its Way To The Cannes Film Festival

Andreas Wiseman and Zac Ntim, Deadline

This won’t come as a big surprise after so much speculation, but we hear that Wes Anderson’s comedy Asteroid City definitely is headed to the Cannes Film Festival.

 

Stephen Curry’s Unanimous Media Producing Film and Documentary on All Star Café’s Rise and Fall, With Sports Illustrated Studios and 101 Studios

Brent Lang, Variety

Sports Illustrated Studios and 101 Studios, the company behind “Yellowstone,” are partnering with Stephen Curry, the nine-time NBA All-Star, four-time NBA champion and two-time NBA MVP — and his Unanimous Media multimedia company — to produce a feature film and documentary about the All Star Café’s rise and fall.

 

Zendaya to Receive CinemaCon’s Star of the Year Award

Chris Gardner, The Hollywood Reporter

The honor comes to Zendaya ahead of MGM’s Luca Guadagnino-directed “Challengers” on Aug. 11 and Warner Bros. and Legendary Pictures’ sequel from Denis Villeneuve, “Dune: Part Two,” on Nov. 3.

 

Scatman John Feature Film in the Works

Alex Ritman, The Hollywood Reporter

Written by “The Goldbergs” scribes Stephen Basilone and Annie Mebane, the biopic will chronicle the life of John Larkin, who overcame an abusive childhood and bullying that stemmed from being a lifelong stutterer and became an overnight international sensation in his 50s as Scatman John and one of the biggest novelty hits of the 1990s.

 

Emilia Clarke’s Sci-Fi Satire ‘Pod Generation’ Lands at Roadside Attractions and Vertical

Kristen Lopez, The Wrap

The Sundance feature also stars Chiwetel Ejiofor.

 

‘Succession’s Matthew Macfadyen Joins Marvel’s ‘Deadpool 3’

Justin Kroll, Deadline

With the final season of his hit HBO series “Succession” premiering on Sunday, Matthew Macfadyen looks to have found his follow-up project as sources tell Deadline the Emmy-winner is the latest addition to Marvel Studios’ “Deadpool 3.”

 

Aaron Paul & Eiza González Replace Joseph Gordon-Levitt & Tessa Thompson in Sci-Fi Thriller ‘Ash’

Rob London, Collider

The film will be directed by Flying Lotus.

 

Paramount Sets 1980s Action Thriller ‘Bella’ With Samara Weaving 

Anthony D’Alessandro, Deadline

Paramount Pictures is developing the action thriller Bella with “Scream VI” actress Samara Weaving set to star in the Larysa Kondracki directed title.

 
Television
 

Netflix Top 10: ‘The Night Agent’ Ends ‘You’ Season 4’s First Place Run With Record Premiere Week

BreAnna Bell, Variety

“The Night Agent” overthrew “You” Season 4 for the No. 1 spot on the English TV List with 168.71 million hours viewed following its March 23 premiere date. The action-thriller is currently the streamer’s most viewed title this week.

 

‘Handmaid’s Tale’ Showrunner Steps Down to Focus on Sequel ‘Testaments’

Lesley Goldberg, The Hollywood Reporter

Bruce Miller, who will still be actively involved in the final season of Hulu’s Emmy-winning drama, has handed over day-to-day oversight to Eric Tuchman and Yahlin Chang.

 

‘Bachelor’ Creator Mike Fleiss Exits Franchise After 21 Years

Ryan Gajewski, The Hollywood Reporter

The news follows the season 27 finale of “The Bachelor,” which saw Zach Shallcross end up with Kaity Biggar.

 

‘Man on Fire’ TV Adaptation Set at Netflix

Lesley Goldberg, The Hollywood Reporter

Kyle Killen will serve as showrunner on the drama based on the first two books of A.J. Quinnell’s series.

 

‘Star Trek: Strange New Worlds’ Officially Secures Early Season 3 Renewal

Keisha Hatchett, TVLine

Paramount+ announced Tuesday that the sci-fi series has been officially renewed for Season 3. Additionally, Season 2 will premiere on Thursday, June 15; new episodes will stream weekly.

 

‘Curb Your Enthusiasm’ Likely Ending With Season 12

Jackie Strause, The Hollywood Reporter

The Larry David comedy is HBO’s longest-running scripted series.

 

‘Billions’ to End With Season 7

Hilary Remley, Collider

It looks like the Showtime series “Billions” may be coming to an end after seven seasons. This comes from series star Dan Soder, who let slip the possible ending of the series in an appearance on NBC Sports Chicago’s “Football Night.”

 

Amazon Studios Teams With IllumiNative for Episodic Directors Program

Rebecca Sun, The Hollywood Reporter

Over the next year, the inaugural cohort of early- and mid-career Indigenous filmmakers will shadow directors on the upcoming second season of the streamer’s neo-Western series “Outer Range,” which includes an Indigenous character among its main cast.

 

Netflix’s CPM still under media buyers’ skin months into its disjointed push into advertising

Michael Bürgi, Digiday

Countering recent reports about Netflix’s first quarter of offering an ad-supported tier being largely successful, media buyers Digiday spoke with are expressing frustration at its still-too-high $55 CPM and the still-too-slow growth for its ad-supported sub base.

 
Technology and New Media
 

Meta prioritizes TikTok-style videos as it drops in-stream reserve ads

Garett Sloane, Ad Age

Sunsetting of premium video product is a sign of the times as platforms look for growth in Reels short-form content.

 

MLB The Show breaks barrier with Negro League players

Jonathan Landrum Jr., The Associated Press

MLB The Show has broken a video game barrier: For the first time, the franchise will insert some of the greatest Negro League players — from Satchel Paige to Jackie Robinson — into the 2023 edition of the game as playable characters.

 

‘How Long Gone’ Podcast Inks Ad Sales, Marketing Deal With Talkhouse

J. Clara Chan, The Hollywood Reporter

The interview and culture show from co-hosts Chris Black and Jason Stewart launched in 2020 and has brought on guests like B.J. Novak, The 1975 and Lee Pace.

 
Music
 

Dolly Parton & Garth Brooks Set to Co-Host the 2023 ACM Awards

Jessica Nicholson, Billboard

Garth Brooks will join returning host Dolly Parton as co-host of the 58th annual Academy of Country Music Awards, Billboard has exclusively learned.

 

Chloe Bailey makes solo album debut with ‘In Pieces’

Alicia Powell, The Associated Press

U.S. singer and actress Chloe Bailey, half of sister R&B duo Chloe x Halle, releases her debut solo album on Friday, a record whose message she says is: it is OK to show your vulnerable side.

 







Morning Consult