Morning Consult Entertainment: Paramount+ to Raise Monthly Prices Later This Year




 


Entertainment

Essential entertainment industry news & intel to start your day.
February 17, 2023
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Morning Consult Entertainment will be off Monday for the Presidents Day holiday. The weekday newsletter will resume Tuesday.

 

Today’s Top News

  • Paramount Global will raise the monthly subscription price for the premium Paramount+ tier with Showtime from $9.99 to $11.99, while the regular ad-supported tier without Showtime will increase from $4.99 to $5.99 later this year as the company takes a $1.5 billion write-down from combining the streaming service with Showtime. Paramount CEO Bob Bakish said the company plans to have negative cash flow in 2023 and does not expect a robust year for profits. (Variety)
  • YouTube Chief Executive Susan Wojcicki will step down from her position after nine years at the Alphabet Inc.-owned company to “start a new chapter” and focus on her personal life, according to an internal message obtained by the Hollywood Reporter. Neal Mohan will take on the role as senior vice president and head of YouTube after previously serving as chief product officer. (The Hollywood Reporter)
  • M. Night Shyamalan signed a multiyear, first-look directing and producing deal with Warner Bros. Pictures Group, which will see his Blinding Edge Pictures production company develop original projects for Warner Bros. Pictures and New Line Cinema, starting with “Trap,” set to hit theaters on Aug. 2, 2024. Shyamalan’s films have grossed $3.3 billion at the box office, and his most recent horror film, “Knock at the Cabin,” has earned $40 million globally. (Deadline)
 

Chart Review



 
 

What Else You Need to Know

General
 

How Much Is Too Much Marvel and ‘Star Wars’? Disney Rethinks Franchise Output

Aaron Couch and Borys Kit, The Hollywood Reporter

As Disney chief Bob Iger pledges to be “better at curating” releases, fiscal discipline may impact an expansive Disney+ originals slate.

 

Bruce Willis has frontotemporal dementia, condition worsens

The Associated Press

Nearly a year after Bruce Willis’ family announced that he would step away from acting after being diagnosed with aphasia, his family says his “condition has progressed.”

 

Danny Masterson Retrial Delayed

Winston Cho, The Hollywood Reporter

The prosecution is looking for an additional witness who can corroborate testimony.

 

How Les Moonves and His CBS Loyalists Worked to Discredit Accuser: “It Was Sort of a Mafia Culture”

Gary Baum, The Hollywood Reporter

A recent investigation reveals the lengths to which the ex-CBS chief’s cadre of C-suite insiders — some of whom remain with the company — went to quash allegations of sexual misconduct in order to protect their boss.

 

Lionsgate Names Briana McElroy Head Of Motion Picture Worldwide Digital Marketing

Anthony D’Alessandro, Deadline

Twitter and Warner Bros. marketing exec Briana McElroy has been hired as Head of Worldwide Digital Marketing for the Lionsgate Motion Picture Group.

 

Actors’ Equity Association Considers a Name Change

Caitlin Huston, The Hollywood Reporter

The union may change its name to be more inclusive of stage mangers, which it represents, as well as other performers.

 

800 WGA West Members Attend Second Membership Meeting About Upcoming Contract Talks

David Robb, Deadline

Some 800 writers gathered last night at the Hollywood Palladium to go over the WGA’s agenda for its upcoming negotiations for a new film and TV contract with the Alliance of Motion Picture & Television Producers.

 

Alamo Drafthouse’s New Arkansas Theater Is Its First Permanent Drive-in Location

Rebecca Rubin, Variety

Alamo Drafthouse is opening a new theater in Arkansas, which will house the company’s first permanent drive-in location.

 

Universal Studios Hollywood is opening the first Nintendo-themed park outside of Japan

Diego Lasarte, Quartz

Super Nintendo World, the first US-based theme park celebrating the Japanese video game company, is due to open in Los Angeles today.

 

As Hollywood invades Culver City, some residents push back against gentrification

Wendy Lee, Los Angeles Times

Long known as “the heart of screenland” because of its role in Hollywood history, Culver City has lately taken on a different nickname thanks to an influx of digital video giants — “the heart of streamland.”

 

Actress Raquel Welch dead at 82

Ciera Crawford et al., NPR News

Raquel Welch, who rose to fame as a sex symbol in the 1960s, has died. She was 82.

 
Film
 

‘Guardians Of The Galaxy’, ‘Flash’ & ‘Fast X’ See Super Bowl Surge On Social Media

Anthony D’Alessandro, Deadline

For the first times since pre-pandemic times, a Super Bowl trailer broke the 100M view threshold on social media in the 24 hour period following the Big Game.

 

From ‘Banshees of Inisherin’ to ‘The Fabelmans,’ How Screenwriters Wrestled With Loss

Malina Saval, Variety

From the sharp sting of platonic rejection in “The Banshees of Inisherin,” to suicide and self-destruction in “Tár,” to death on a sinking cruise ship in “Triangle of Sadness,” grief and loss are a collective current running throughout this season’s Oscar contenders in the screenplay category.

 

Michael B. Jordan premieres ‘Creed III’, hopes to expand ‘Creed-verse’

Marie-louise Gumuchian, Reuters

Michael B. Jordan reprises his role as boxer Adonis Creed in new film Creed III and the actor-director says he hopes to expand the universe around the character in future.

 

‘I Am Legend’ sequel will follow an alternate ending, Warner Bros. filmmaker says

Elise Brisco, USA Today

Will Smith’s 2007 film “I Am Legend,” is getting a sequel with Michael B. Jordan joining the apocalyptic fight – and filmmaker Akiva Goldsman is sharing more about what fans can expect.

 

‘Scream VI’ Headed To Franchise Record Opening At Box Office

Anthony D’Alessandro, Deadline

Paramount and Spyglass Media’s Scream VI hit tracking today with what looks to be a franchise opening record of $37M stateside.

 

Biden hosts screening of film about lynching of Emmett Till

Darlene Superville, The Associated Press

President Joe Biden on Thursday hosted a screening of the movie “ Till,” a wrenching, new drama about the 1955 lynching of Emmett Till, who was brutally killed after a white woman said the Black 14-year-old had made improper advances toward her.

 

Charles Finch Says Luxury Brands Are “Naturally Evolving” Toward Making Feature Movies

Baz Bamigboye, Deadline

Luxury labels are “naturally evolving” toward producing and making their own indie feature films, says Charles Finch, founder and chief executive of Finch and Partners, the consulting firm that has been the prime mover in enabling “a synergy of content” between the entertainment sector and the crème de la crème of brands.

 
Television
 

Ryan Seacrest to leave ‘Live with Kelly and Ryan’ in spring

The Associated Press

Ryan Seacrest has revealed he’s leaving “Live with Kelly and Ryan” this spring, saying he never expected to stay so long and thanking his co-host Kelly Ripa, who he jokingly called his “work wife.”

 

DirecTV To Provide Major League Soccer Games to Bars, Hotels for 2023 Season

Brian Steinberg, Variety

DirecTV is trading one kind of football for another. After agreeing to part ways with the NFL’s Sunday Ticket package, DirecTV is picking up soccer.

 

The Streaming Purge: Behind The Wave Of Library Content Removals & Its Impact On The Creative Community

Lynette Rice and Nellie Andreeva, Deadline

Only 10 episodes of “The Gordita Chronicles” were produced before HBO Max canceled the comedy last summer amid a pullback on live-action kids and family programming.

 

Travis Kelce and Jenna Ortega to host ‘Saturday Night Live’

Devan Coggan, Entertainment Weekly

One just won the Super Bowl. The other just dominated your TikTok feed.

 

Controversial ‘Scooby-Doo’ spinoff ‘Velma’ in hot water again over sickle cell joke

Scott Whitlock, Fox News

Despite garnering some of the worst reviews in IMDB history, the HBO Max show has somehow been renewed.

 

‘Party Down’ Is Back. Did You R.S.V.P.?

Alexis Soloski, The New York Times

The cult cater-waiter comedy got abysmal ratings when it was canceled in 2010. Now a six-episode revival is one of the most anticipated shows of the year.

 
Technology and New Media
 

Apple has begun firing contractors amid mass tech layoffs: sources

Lydia Moynihan, New York Post

Apple – which thus far avoided the mass layoffs that have claimed tens of thousands of workers at Amazon, Google, Meta and Microsoft – has quietly begun axing contractors, On The Money has learned. 

 

High-ranking DOJ official says she ‘would not advise’ consumers to use TikTok, citing security concerns

Lauren Feiner, CNBC

A high-ranking official at the Department of Justice on Thursday warned against the use of the popular short-form video app TikTok, due to security concerns stemming from its ownership by a Chinese company, ByteDance.

 

Gaming Industry Saw $51.5B in Investments, M&A Activity Last Year

J. Clara Chan, The Hollywood Reporter

The sales activity — driven by transactions like Take Two Interactive’s acquisition of Zynga — fell below the record set in 2021, according to a report from DDM Games.

 

Snapchat Is Adding More Users, Topping 750 Million a Month

Alex Barinka and Aisha Counts, Bloomberg

CEO Spiegel has made it a priority to gain and keep new users.

 

TikTok to launch live ‘TikTok Trivia’ game with $500K in prize money

Lauren Forristal, TechCrunch

TikTok announced “TikTok Trivia,” a new live 5-day trivia game for U.S. users 18 years or older to get the chance to win a total share of a $500,000 prize pool by answering multiple-choice questions related to beauty, lifestyle, music and sports.

 

Instagram launches a new broadcast chat feature called ‘Channels’

Aisha Malik, TechCrunch

Meta CEO Mark Zuckerberg announced today that the company is launching a new broadcast chat feature on Instagram called “Channels.”

 
Music
 

Rihanna may not have gotten paid for her Super Bowl halftime show performance, but her music streams saw a massive surge

Jordan Hart, Insider

Following her halftime show performance, the “Umbrella” singer saw a 390% boost in song sales and a 140% surge in streams in the US, according to data tracking firm Luminate, which provides data to Billboard for its charts.

 

Beyonce’s ‘Renaissance’ Returns to Top 10 on Album Sales Chart After Grammy Awards

Keith Caulfield, Billboard

Beyoncé’s “Renaissance” returns to the top 10 of Billboard’s Top Album Sales chart (dated Feb. 18) for the first time in three months, rising 56-10, following the diva’s multiple wins at the Grammy Awards .

 

Layoffs Hit Motown Records Amid Capitol Reintegration

Dan Rys, Billboard

The label is being reincorporated under Capitol Music Group after a short period as a standalone company.

 







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