BUSINESS

Bryan Cranston warns Bob Iger in impassioned speech – The Hollywood Reporter

Bryan Cranston addressed Disney chief Bob Iger during an impassioned strike speech in New York on Tuesday. The In Satan’s shoes star — speaking at the SAG-AFTRA “Shake the Town for a Fair Contract” Rally — declared: “We have a message for Mr. Iger: I know, sir, that you see things through a different prism. …

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Gersh Makes Verve Agency Overture, But Was Rejected – The Hollywood Reporter

On May 1, the Gersh Agency took on an equity partner for the first time since its founding in 1949, selling a 45 percent stake to New York-based financier Crestview Partners for an undisclosed sum. Now he’s figuring out what to do with that money. First? Trying to buy a rival. Beverly Hills-based talent firm …

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New Nexstar President Michael Beard Joins Fox – The Hollywood Reporter

Nexstar is shaking up its top management positions. The local television giant and owner of The CW has hired Michael Beard as its new president and chief operating officer, effective Aug. 21. Beard succeeds Tom Carter, who will move into a senior advisor role. “Michael is a talented, innovative and highly experienced media executive who …

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Barbie maker Mattel has signed a new toy deal with Warner Bros. Discovery – The Hollywood Reporter

Fresh off the blockbuster success of Barbie film, Mattel and Warner Bros. Discovery will stay in business for years to come. The toy giant has renewed its licensing agreement with Warner Bros. Discovery Global Consumer Products, making it the official toy, doll, vehicle and game licensee for more than 50 of WBD’s brands and franchises. …

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Spotify Hits Record 551M Active Users Amid Rising Spending – The Hollywood Reporter

Spotify reported 551 monthly active users in its second quarter, adding 36 million from the previous quarter and hitting an all-time record for the company. The music giant also added 10 million paid subscribers, three million above its forecast and a second-quarter record, reaching 220 million. Still, operating expenses at the company, which promised to …

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Netflix launches new personalized Hub section on mobile – The Hollywood Reporter

Netflix has launched ‘My Netflix’, a new personalized mobile hub section to make it easier to discover new TV series or movies added to the streaming giant’s lineup. The one-stop shop will also offer shortcuts to downloads or past viewing reminders and catch up on the latest episodes to continue watching seamlessly. On Monday, My …

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Cuts, Cost Cuts Imperil Stage Companies – The Hollywood Reporter

Nonprofit leaders across the country are sounding the alarm as theaters near financial crisis point. Los Angeles’ Center Theater Group raised the alarm early, as one of the nation’s largest nonprofit theater organizations, when it announced in June that it would suspend programming at the Mark Taper Forum, its smallest theater known for promoting new …

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CEOs ‘Crying Poverty’ How Greed Will ‘Eat Up’ Brands – The Hollywood Reporter

Rep. Alexandria Ocasio-Cortez joined a New York City picket outside Netflix’s Union Square offices on Monday as the Writers Guild approaches three months on strike and SAG-AFTRA enters the second week of a work stoppage. Both unions are protesting what they see as predation and intransigence by the Alliance of Motion Picture and Television Producers, …

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“It’s a fight against greed” – The Hollywood Reporter

Rep. Alexandria Ocasio-Cortez joined SAG-AFTRA and the Writers Guild of America pickets in New York on Monday, encouraging workers to keep fighting and taking aim at executives like the CEO of Warner Bros. Discovery David Zaslav and their “insatiable greed”. “Even though this is a fight against AI, it’s more than AI, it’s a fight …

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