ICYMI: Tracking Trust in Hollywood, News Media and More

Morning Consult launched a new tracker this week focused on U.S. institutions, offering a look at which industries Americans trust most and which they find the most polarizing. Forty-one percent of Democrats said they trust Hollywood, compared to 16 percent of Republicans, and it was much of the same for journalism, with 57 percent of Democrats saying they trust the news media, which was 38 percentage points higher than Republicans.

Top Stories

  • “Godzilla vs. Kong” took in $9.6 million across 2,409 domestic theaters on its opening day, a record during the coronavirus pandemic. The film, which will set another pandemic-era record when it plays in 3,064 theaters this weekend, is also available to stream on HBO Max for a limited time. (Deadline Hollywood)
  • Amazon Prime Video’s “Coming 2 America” was the most-watched streaming program March 1-7, according to Nielsen, which said viewers spent more than 1.4 billion minutes watching the “Coming to America” sequel in the first four days of its release, the first time Prime Video earned the top spot in the rankings. Netflix’s original series “Ginny & Georgia” was the second most-viewed title at 1.2 billion minutes. (The Wrap)
  • New Jersey Gov. Phil Murphy is offering studios tax credits of up to 30 percent of production costs and a 40 percent subsidy for physical studio development, according to a letter sent by the Democratic governor to studios including Walt Disney Co., Warner Bros. and Netflix, in an effort to attract productions that could leave Georgia over the state’s new voting law. The studios did not respond to requests for comment but some industry figures, such as director James Mangold, said they will not film in Georgia in protest over the law, which critics say restricts voting rights. (The Wall Street Journal)

Chart Review

Events Calendar (All Times Local)

04/02/2021
Emmys FYC: The Social Dilemma 7:00 pm
04/07/2021
Variety Streaming Room: Curation & Convenience: How to Program for the New Era of Connected TV 9:30 am
From Page to Screen: Writing and Directing 5:30 pm
View full calendar


Fintech: How the Public Views the Future of Finance

Now more than ever, the average consumer is playing a larger role in finance, investing and banking. As the Fintech industry looks towards the future, it will be important to make sure that new technologies meet the mark and exceed the public’s expectations.

A new special report from Morning Consult takes a deep dive into public opinion on financial technology, an issue that’s likely to transform both the banking industry and how Washington regulates the finance industry. Download the report.

General

Hollywood Studios Begin to Weigh in on New Georgia Voting Law
Bryn Sandberg, The Hollywood Reporter 

Hollywood studios are beginning to publicly denounce Georgia’s newly passed voting law. ViacomCBS is the first major entertainment industry corporation to clearly condemn the restrictive bill, which President Joe Biden has called “Jim Crow in the 21st century.” 

Supreme Court Allows FCC to Move Forward With Changes to Media Ownership Rules
Ashley Cullins, The Hollywood Reporter 

The Federal Communications Commission was within its rights to loosen restrictions regarding media outlet ownership, the U.S. Supreme Court has held, and it doesn’t need empirical data to justify its decision.

Hollywood Studios Release Carbon-Emissions Report, Showing Wide Variance Among Productions
Todd Spangler, Variety

How big of a carbon footprint does a TV show or movie take up? It depends on a number of variables — and the differences can be significant.

Judge Orders Lil Nas X Satan Shoes off the Market for Now
Eriq Gardner, The Hollywood Reporter 

A federal judge has swooped in to stop Lil Nas X’s limited-edition satanic-themed Air Max 97 shoes from being sold. Or at least, whatever has not already been shipped.

South Korea’s HYBE, Home of BTS, Acquires Scooter Braun’s Ithaca Holdings
Patrick Brzeski, The Hollywood Reporter 

In a bold expansion into the U.S. music landscape, South Korean entertainment company HYBE, formerly known as Big Hit Entertainment, aka the home of BTS, is acquiring Scooter Braun’s Ithaca Holdings.

British Theater Owner Seeks Bigger Role on Broadway
Charles Passy, The Wall Street Journal 

The Ambassador Theatre Group, a British-based company that owns or operates venues in New York and elsewhere, is looking to strengthen its position on the Broadway scene, even as the industry remains shut down by the Covid-19 pandemic.

Film

AMC Entertainment Seeks Approval to Sell 500 Million New Shares
Kelly Gilblom and Katherine Doherty, Bloomberg 

AMC Entertainment Holdings Inc. is seeking investor approval to issue as many as 500 million new shares, an opportunity for a financial cushion while the theater chain works to draw fans back to the movies.

Inside the Surprising Plan to Transform the Oscars
Britt Hennemuth, Vanity Fair 

Some of us may feel done with COVID-19, but it’s clear that the disease is not done with us. That’s why plans for this year’s Oscars, set to take place April 25, are “etched in Jello,” according to Steven Soderbergh. 

Waiting for the Blockbusters… and the People
Aric Jenkins, The Ringer 

It’s Saturday night in Manhattan and the weather is splendid. An unseasonably warm March afternoon brought out droves of New Yorkers earlier in the day, and now they’re crowded into bistros surrounding the Flatiron District, excitedly dining both outdoors and in.

As US Movie Theaters Reopen, Overseas Shutdowns Could Stall Box Office Recovery
Jeremy Fuster, The Wrap Pro 

Movie theaters in the U.S. may be on the road to recovery, but the still-widespread cinema closures in South America and Europe are creating headaches for Hollywood studios as they try to figure out how to release films that rely heavily on overseas box office.

Movie Sales Agents & Packagers Mull June Online Presales Market In Lieu Of The Usual Cannes
Andreas Wiseman, Deadline Hollywood 

Discussions are ongoing between dozens of top sales agents and the leading U.S. packaging firms about when they will do their main movie pre-sales business this summer.

Ava DuVernay’s ‘New Gods,’ James Wan’s ‘The Trench’ DC Movies Not Moving Forward at Warner Bros.
Aaron Couch and Borys Kit, The Hollywood Reporter 

Warner Bros. and DC Films’ upcoming slate is moving forward without Ava DuVernay’s “New Gods” and James Wan’s Aquaman spinoff, “The Trench.” “As part of our DC slate, some legacy development titles including ‘New Gods’ and ‘The Trench’ will not be moving forward,” Warner Bros. and DC said in a statement.

Tom Holland’s ‘Uncharted’ Release Date Delayed One Week
Jordan Moreau, Variety 

The release date for “Uncharted,” Sony’s film adaptation of the popular video game series starring Tom Holland, has been delayed yet again.

Television

In a rare admission, MTV says its programming offers a dim view of mental health
Steven Zeitchik, The Washington Post 

When “Jersey Shore’s” Ronnie Ortiz-Magro got into an on-camera fight with his sometime-girlfriend Jen Harley a few years ago, words quickly grew heated. “You’re driving me crazy,” Ortiz-Magro yelled at Harley in the show, an episode of the spinoff “Jersey Shore: Family Vacation.”

Derek Chauvin trial brings Court TV to a new generation
Stephen Battaglio, Los Angeles Times 

When cameras in courtrooms emerged in the 1990s, Court TV was the groundbreaking cable network that gave the viewers a front-row seat to the notorious trials of William Kennedy Smith, O.J. Simpson and the Menendez brothers.

CBS Strikes Two-Year Deal With NATAS to Broadcast the Daytime Emmy Awards in 2021 and 2022
Danielle Turchiano, Variety 

The Daytime Emmy Awards will be broadcast on CBS in 2021 and 2022, as the Eye network struck a two-year deal with the National Academy of Television Arts & Sciences (NATAS).

Fox News Takes on Late-Night Comedy With Right-Leaning Show
Christopher Palmeri, Bloomberg 

Fox News is entering the late-night talk-show wars. The Rupert Murdoch-controlled network is moving its in-house political satirist, Greg Gutfeld, over to an 11 p.m. weeknights slot where he can go joke-to-joke with other late-night hosts, including ABC’s Jimmy Kimmel, CBS’s Stephen Colbert and NBC’s Jimmy Fallon, who start about a half-hour later.

Technology and New Media

Who’s Buying Music NFTs Anyway? The Fans and Crypto Whales Fueling the Craze
Billboard Staff, Billboard

Kim Kang, a 28-year-old software engineer from Los Angeles, became wealthy by investing early in the cryptocurrency Ethereum. But he sees more potential in blockchain, the digital-ledger technology that enables the existence of cryptocurrencies. 

Hemisphere Buys Lions Gate’s 75% Stake in Pantaya Video Service
Lucas Shaw, Bloomberg 

Hemisphere Media Group Inc. is buying out Lions Gate Entertainment Corp.’s majority stake in the Spanish-language streaming service Pantaya, boosting its investment in online video as the audience for regular TV shrinks.

Can Spotify Beat Clubhouse at Its Own Game?
Scott Nover and Mark Stenberg, Adweek 

Spotify wants to be all things audio. That means leveling a charge at popular social audio-platform Clubhouse this week through its purchase of sports-focused audio app Locker Room and its parent company, Betty Labs.

How Bandcamp Is Changing the Conversation Around Payments in the Streaming Era
Tatiana Cirisano, Billboard

Dylan Baldi, the frontman of the cult favorite garage-rock band Cloud Nothings, has a new favorite holiday. “I don’t care about Christmas anymore,” he jokes over the phone from his home in Philadelphia.

Podcast Studio Wondery, Now Owned by Amazon, Plans to Double Staff This Year
Todd Spangler Variety 

Wondery has been swallowed by Amazon — and the e-retailing giant’s deep pockets and global reach promise to accelerate the podcast publisher’s growth.

Opinions, Editorials, Perspectives and Research

Roku’s streaming plans aim to fill the gaps Netflix can’t
D. Cooper, Engadget 

Ask anyone to name the world’s biggest streaming services, and they’ll likely trot out the usual suspects: Amazon, Netflix or Disney. What’s less likely to feature is The Roku Channel, the homegrown, ad-supported streaming service for Roku users.

Why Post-Pandemic Awards Campaigns Will Still Be Digital First (and Often Virtual) | Pro Insight
Jon Selman, The Wrap Pro 

The shift from promoting movies during awards season physically to doing so digitally was well underway even before the coronavirus came along. But the pandemic has dramatically accelerated this evolution.

Raya, ‘The Equalizer’ and Wanda Maximoff are strong female characters taking the lead
Lisa Respers France, CNN

Fierce female roles have always existed in Hollywood, but as the industry sees more female directors and producers, there has been a recent influx of more powerful female characters on both big and small screens.

Morning Consult