Morning Consult Entertainment: Netflix Nixes Nancy Meyers Rom-Com Over Its $130 Million Budget, per Report




 


Entertainment

Essential entertainment industry news & intel to start your day.
March 15, 2023
Twitter Email
 

How Esports Can Level Up
In his latest memo, Morning Consult media and entertainment analyst Kevin Tran looks at the esports industry’s failure to live up to fandom expectations — and how video streaming services can help. Only 7% of U.S. adults consider themselves avid fans of esports, a figure significantly lower than that of all major North American sports leagues, per a new Morning Consult survey. Read more here: How the Esports Industry Can Accelerate Audience Growth.

 

Today’s Top News

  • Netflix Inc. will reportedly no longer develop director Nancy Meyers’ $130 million romantic comedy titled “Paris Paramount,” which was announced in April and set to star Scarlett Johansson, Penélope Cruz, Owen Wilson and Michael Fassbender, due to budget concerns. Sources told Variety that Meyers, whose prior films include “The Intern” and “Something’s Gotta Give,” will shop the project around to new buyers. (Variety)
  • Quentin Tarantino is preparing to direct his final film, “The Movie Critic,” with production set to begin in the fall, according to sources. Written by Tarantino, the movie reportedly does not yet have a home but could go to studios or buyers as early as this week, with Sony Pictures, which distributed his last film, 2019’s “Once Upon a Time in Hollywood,” could be a potential frontrunner. (The Hollywood Reporter)
  • AMC Entertainment Holdings Inc. shareholders voted to increase the number of common stock that the movie theater company can sell, which could help the cinema chain as it continues to lose money due to low theater attendance. Shareholders also voted for a 10-for-1 reverse stock split, which will allow AMC to convert its AMC Preferred Equity units, aka “Apes,” into common shares. (The Wall Street Journal)
 

Chart Review



 
 

What Else You Need to Know

General
 

Hello Sunshine Hires Disney Exec Lauren Kisilevsky To Run Live-Action Family Programming

Peter White, Deadline

Lauren Kisilevsky is reuniting with Reese Witherspoon after being hired to oversee live-action family programming at Hello Sunshine.

 

Tyler Perry Studios Alum Michelle Sneed Launches Her Own Studio, A Few Good Women Productions

Mikey O’Connell, The Hollywood Reporter

The longtime president of TPS has decamped for Los Angeles, where she’s heading a female-led, full-service content studio with plans for a broad slate.

 

WGA Argues That Writer Pay Is ‘Falling Behind’ in Shift to Streaming

Gene Maddaus, Variety

The Writers Guild of America continued on Tuesday to frame its arguments in advance of bargaining, putting out a report that maintains that writers are “falling behind” in the streaming economy.

 

Special prosecutor steps down in case against Alec Baldwin

Morgan Lee, The Associated Press

A special prosecutor who doubles as a state legislator is stepping down from her role in the manslaughter case against actor Alec Baldwin in the death of a cinematographer on a New Mexico film set.

 

No Harvey Weinstein retrial on rape, sex assault charges

Andrew Dalton, The Associated Press

Los Angeles prosecutors told a judge Tuesday that they will not retry Harvey Weinstein on rape and sexual assault charges involving two women.

 
Film
 

Disney Is Hunting for Whoever Leaked the ‘Ant-Man’ Script

Joe Schneider, Bloomberg

Walt Disney Co. is hunting for whoever is responsible for distributing the then unreleased script of its latest Marvel blockbuster “Ant-Man and the Wasp: Quantumania.”

 

‘Wicked Part 1’ Moves Up Release Date to Thanksgiving 2024

Rebecca Rubin, Variety

“Wicked,” Universal’s big-screen adaptation of the hit Broadway musical, is landing in theaters on Nov. 27, 2024 — a month ahead of schedule.

 

Florence Pugh and Andrew Garfield in Talks to Star in Love Story ‘We Live in Time’ for StudioCanal

Angelique Jackson, Variety

After presenting the screenplay prizes at Sunday’s Oscars ceremony, Florence Pugh and Andrew Garfield have begun formulating plans to share the screen again, as co-stars in the upcoming film “We Live in Time.”

 

Nathalie Emmanuel to Star in ‘The Killer’ Reboot for Director John Woo and Universal

Umberto Gonzalez, The Wrap

Woo, who is also set to produce, directed the original 1989 crime action thriller.

 

Jackie Chan to Return for ‘New Police Story 2’ With Nicholas Tse Directing

Robert Berens, Collider

Chan and Tse both starred in 2004’s reboot of the “Police Story” franchise.

 
Television
 

Netflix Beats Defamation Suit Over ‘Making a Murderer’ Docuseries

Gene Maddaus, Variety

A federal judge has thrown out a defamation suit brought by a retired police officer who argued that the Netflix docuseries “Making a Murderer” falsely accused him of planting evidence.

 

Netflix Top 10: ‘You’ Season 4 Back at No. 1 With Part 2 Release, ‘Luther: The Fallen Sun’ Leads English Films Chart

BreAnna Bell, Variety

Joe Goldberg has climbed back to No. 1 on the Netflix Top 10 English TV chart with big twists, Easter eggs, and a climactic “Anti-Hero” moment as “You” Season 4, Part 2 opened on the list following its March 9 release date.

 

Gunpowder & Sky Bolsters Development Team With Unscripted & Scripted Hires

Peter White, Deadline

Gunpowder & Sky, the production company behind Showtime’s “Sheryl” and Discovery+’s Werner Herzog-narrated “Last Exit: Space,” is staffing up. The company, founded by Van Toffler and Floris Bauer, has hired Catti Alvarez as VP, Unscripted Development and Natalie Gergely as VP, Scripted Development.

 

YouTube TV launches early access to a ‘multiview’ feature for watching four streams at once

Sarah Perez, TechCrunch

YouTube TV is today announcing a new feature that may help the live TV service attract more subscribers — and particularly those who like to watch live sports.

 

Amazon’s ‘A League of Their Own’ to End With Four-Episode Second Season

Lesley Goldberg, The Hollywood Reporter

The queer series from Will Graham and Abbi Jacobson will conclude with an abbreviated run following months of negotiations with producers Sony TV.

 

Judy Greer Boards ABC Comedy ‘Drop-Off’

Rick Porter, The Hollywood Reporter

The “Reboot” actress will star with Ellie Kemper in the pilot based on the BBC’s “Motherland.”

 

‘Raid: Shadow Legends’ Video Game to Be Adapted Into Animated Series

J. Clara Chan, The Hollywood Reporter

Former Marvel Television and Animation president Eric Rollman is attached as the producer, while Lex + Otis CEO Jay Oliva serves as showrunner.

 

‘Sweet Tooth’ Season 2 Gets April Release Date at Netflix

Rebecca Iannucci, TVLine

Season 2 of the streamer’s comic adaptation will drop on Thursday, April 27, with all eight episodes. The show’s return will mark the end of a 22-month hiatus, with Season 1 having been released back in June 2021.

 
Technology and New Media
 

Meta to lay off 10,000 more workers after initial cuts in November

Jonathan Vanian and Rohan Goswami, CNBC

will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.”

 

Apple Delays Bonuses for Some and Limits Hiring in Latest Cost-Cutting Effort

Mark Gurman, Bloomberg

Apple Inc. is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers in trying to streamline operations during uncertain times, according to people with knowledge of the situation.

 

As video games become cultural juggernauts, marketers still struggle with buy-in

Peter Adams, Marketing Dive

Even with massive hits like “The Last of Us,” marketers face obstacles around convincing leadership and moving beyond “opportunistic” strategies.

 
Music
 

Pink Floyd’s $500 Million Catalog Sale Is ‘Basically Dead’ — Or Is It?

Jem Aswad, Variety

Pink Floyd’s proposed $500 million sale of the rights to their iconic five-decade, multiplatinum recorded-music catalog is “basically dead” because the surviving band members “just can’t get along,” four sources close to the situation tell Variety — however, sources close to the band insist that it’s not.

 

Elton John Gets EGOT Push at Disney+ Event, Says of Dodger Stadium Farewell Gigs: ‘I’ve Never Played and Sung So Well in My Life’

Chris Willman, Variety

Elton John is just one “E” away from being an EGOT, and there was no mistaking that an event for Television Academy members at the Samuel Goldwyn Theatre Monday night was not just about celebrating the success of Disney+’s livestreamed Dodger Stadium special from last November, but about reminding potential voters that the star lacks just one vowel in his crown.

 

Metallica Sells So Much Vinyl It Just Bought Its Own Pressing Plant

Robert Levine, Billboard

The group — which pressed 900,000-plus pieces of vinyl in 2022 alone — is acquiring most of Furnace Record Pressing in Virginia.

 

Yo La Tengo Protest Tennessee’s Drag Law at Nashville Show

Jon Freeman, Rolling Stone

The veteran indie-rock outfit played the first of a two-night stint at the Basement East on Monday.

 

2023 iHeartRadio Music Awards Host Lenny Kravitz Joins Performance Lineup

Larisha Paul, Rolling Stone

The awards ceremony scheduled for March 27 will also feature a special appearance from LL Cool J and a performance from Latto.

 

With Sped-Up Songs Taking Over, Artists Feel the Need for Speed

Elias Leight, Billboard

Life in the fast lane: Labels are leaning into uptempo remixes as a way of driving streams and bringing “new life to tracks.”

 







Morning Consult