Amazon.com Inc. is close to purchasing MGM Holdings for nearly $9 billion including debt in a deal that could close this week, according to people familiar with the matter, assuming negotiations do not fall apart in the final stages. If completed, the deal would be the latest sign of the increasing importance for streaming services like Amazon’s Prime Video to expand their content offerings for subscribers, with MGM owning notable titles like the James Bond franchise and TV shows such as “The Handmaid’s Tale” and “Fargo.” (The Wall Street Journal)
“The Boss Baby: Family Business” will now debut in both movie theaters and on NBCUniversal’s streaming service Peacock on July 2, marking the first time a Universal Pictures film will premiere simultaneously on the streamer and at cinemas. The initial plan for the animated sequel, whose voice cast includes Alec Baldwin and Eva Longoria, was a Sept. 17 theater premiere and inclusion on premium VOD in October. (The Hollywood Reporter)
“Hadestown” will resume performances on Sept. 2, almost two weeks earlier than any reopening dates announced by other Broadway productions, which could lead to other producers rethinking their own shows’ plans as Broadway accelerates its return to the stage. The announcement about “Hadestown,” the last show to win a Tony Award for best musical, noted that “protocols may include mask enforcement, increased cleaning and ventilation/filtration enhancements, vaccination or negative test verification.” (The New York Times)
Disney’s Media & Entertainment Distribution Technology group has promoted and hired a handful of executives and realigned its business to better support the entertainment giant’s continued growth, the company said Monday.
As the Covid-scarred world continues to reopen, Disney CEO Bob Chapek predicted low double-digit capacity growth over the next few months as the entertainment giant’s parks push towards full capacity this fall.
Shortly after Jason Kilar took over WarnerMedia a year ago, he met with executives at Bleacher Report to discuss the future of the scrappy digital sports business, according to people familiar with the discussions.
The State Department warned Americans against all travel to Japan because of the risk posed by the Covid-19 pandemic on Monday, raising its travel advisory for the country to its highest level two months ahead of the Tokyo Olympics.
With all the glee emanating out of NYC this past weekend that Covid capacity restrictions were lifted, from restaurants to SNL‘s Studio 8H audiences, movie theaters are still slammed with a big asterisk.
Scott Roxborough and Patrick Brzeski, The Hollywood Reporter
International films and series have a greater reach and wider audience than ever thanks to the success of global streaming platforms and a growing acceptance to leap over, as Parasite director Bong Joon Ho put it, “the 1-inch-tall barrier of subtitles.” So why, then, is the adaptation business booming?
Kevin Spacey has been cast in a film in what is believed to be the first time since accusations of sexual assault against the actor started surfacing more than three years ago, prompting several court cases and unraveling his onscreen career.
The bulk of the renewals, cancellations and new series pickups are in, and the five broadcast networks largely played it safe by greenlighting what you’d expect them to: extensions of well-known and easily sold franchises and reboots of their own IP. That said, there were still some surprises.
Following NBCUniversal’s Mark Marshall, Fox’s Marianne Gambelli , Discovery’s Jon Steinlauf, Disney’s Rita Ferro and JP Colaco’s WarnerMedia, next up is Jo Ann Ross, president and chief advertising revenue officer, ViacomCBS domestic advertising sales.
Rob Master loves the idea of putting commercials into new Hollywood streaming hubs like Peacock, HBO Max and Paramount Plus. But he’s not so enchanted with the costs being demanded by the media companies that own the sites.
When NBCUniversal’s streaming service, Peacock, launched last year, the company bragged that it featured the “lightest ad load in the industry,” at only five minutes of advertisements per hour of content (or less).
Instagram has long been a home for influencers, but it wasn’t until a year ago that it started offering ways for them to earn money directly on the app. Now, Instagram is “exploring” subscriptions and a marketplace for NFTs, said Instagram head Adam Mosseri in an interview.
SiriusXM is leaning into TikTok. The satellite radio company and Pandora parent today announced a partnership with the social video platform to power several new initiatives, including a TikTok channel on SiriusXM, hosted TikTok playlists on Pandora and re-airings of Pandora LIVE events on TikTok.
The original 2007 video “Charlie Bit My Finger,” a standard-bearer of viral internet fascination, has sold as a nonfungible token for $760,999, and the family who created it will take down the original from YouTube for good.
Two big new hits top the Billboard charts this week: J. Cole’s “The Off-Season” is the No. 1 album, with the year’s most robust streaming number so far, while Olivia Rodrigo’s “Good 4 U” is the top single.
Some might call Ted Lasso naive, but look, that kind of talk is not appreciated around here. Of all the shows that hit big this year, the Apple TV+ comedy about the unflappable soccer coach brought the greatest and giddiest blast of optimism to an overwhelmingly grim year.