Warner Music Group Corp. has named YouTube executive Robert Kyncl as its new chief executive officer, filling the position once current CEO Steve Cooper leaves in February, according to a statement from the company. Kyncl will be tasked with negotiating the best deals for its top artists, including Dua Lipa and Bruno Mars, and expanding the company’s digital footprint. (Bloomberg)
Amazon.com Inc.’s Twitch announced it is reducing payments for many of its biggest streamers from 70% of subscription revenue to 50% in some cases. The decision comes as Twitch loses some of its popular streamers to exclusive deals with rival YouTube. (The New York Times)
“James Bond” producers Barbara Broccoli and Michael G. Wilson are currently searching for the next actor to play agent 007, the two confirmed to Variety. Broccoli and Wilson said whoever becomes the next Bond will need to agree to a 10- to 12-year commitment to the role, while actor Idris Elba has apparently taken himself out of the running. (Variety)
Caitlin Huston and J. Clara Chan, The Hollywood Reporter
Disney is poised to buy out Comcast’s remaining 33 percent stake in Hulu as early as January 2024 as top execs haggle over the worth of the U.S.-only streaming service amid a slowing subscriber market.
The theater community is banding together for a special podcast to combat censorship that features performances from plays and musicals under threat and appearances by Bryan Cranston, Raúl Esparza, Celia Keenan-Bolger and Richard Kind.
With Matt Shakman boarding as director, Marvel Studios has now find its writers to deliver the new Fantastic Four pic. Sources tell Deadline that Jeff Kaplan and Ian Springer are on board to write the script for the film.
Paramount+’s revival of the long-running procedural, dubbed “Criminal Minds: Evolution,” is set to premiere the first half of its 10-episode season on Thanksgiving Day — Thursday, Nov. 24 — when it will release the first two episodes.