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...Kassan is a well-known Hollywood adviser and has close ties with the media and advertising markets....
...Netflix struck an optimistic note about the health of its business, marking a sharp contrast with legacy Hollywood studios suffering from steep declines in linear television and heavy streaming losses....
...Ashtead has warned that full-year earnings will come in below market expectations, as fewer natural disasters and the writers’ strike in North America hit demand for the equipment rental company’s services...
...Exclusive: OpenAI has recently met major Hollywood studios to showcase its video generation technology Sora and allay fears the artificial intelligence model will harm the industry....
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...NBCUniversal’s Peacock service is expected to lose $3bn this year. “Something has to happen with the streamers in 2024,” says a veteran media executive....
...Transparency on streaming services was a central issue during this year’s Hollywood strikes....
...The two sides have resumed discussions and there is hope for an agreement soon, but tempers are flaring across Hollywood....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...The longest actors’ strike in Hollywood history is set to end on Thursday following a tentative agreement between SAG-AFTRA and a coalition representing studios and streaming services....
...But the real change has come from cost cutting, aided by a writers’ strike in Hollywood that halted productions. While revenue rose 6.6 per cent in 2023, net income rose 20 per cent....
...Apollo has also been circling Paramount for several months and had made an offer to buy the group’s Hollywood studio for $11bn, two people briefed on the matter said....
...Alan Bergman, co-chair of Disney Entertainment Bergman is a rare creature in Hollywood: a studio chief who appears to shun the spotlight....
...She has held talks about selling the Hollywood studio to Skydance, the production company behind Top Gun: Maverick, people familiar with the matter say....
...It has the highest debt-to earnings before interest, taxes, depreciation and amortisation ratio in the sector and, like other legacy media groups, is coping with declining TV assets while its streaming service...
...Unlike other big Hollywood studios, Sony management decided not to pour billions into building its own streaming service to compete with Netflix....
...Ashtead has warned that annual profits will fall short of forecasts, as fewer natural disasters in the US and the Hollywood writers’ strike hit demand for the equipment rental company’s services....
...But it speaks to a broader global retrenchment by Hollywood. Paramount, owner of the eponymous movie studio, might scrap plans to launch its streaming service in India, according to Bloomberg....
...“The Hollywood sign and this building are the most iconic symbols of Hollywood, and they both just celebrated their 100th anniversary,” he says. “What is Hollywood without its icons?”...
...These services range from ecommerce to home broadband. Viacom18 also owns a streaming platform, JioCinema....
...US cinema owners have suffered from an 18 per cent drop in box office returns so far in 2024, and last year’s Hollywood strikes are expected to result in a weaker slate of films and lower ticket sales....
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...Bishop said Apple was already enforcing the filing requirement for Chinese developer accounts, and was required to do so for international services....
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