Latest Business News
Jessica Alba Stepping Down From Leadership Role at the Honest Company
Jessica Alba revealed that she is stepping down as The Honest Company’s chief creative officer. The actress and businesswoman shared the news on Instagram Tuesday, more than a decade after she co-founded the company, which sells baby, skincare, bath and beauty products. “It is with a grateful heart that twelve years after founding The Honest […]
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Adam Aron Brushes Off Box Office Woes: “It’s Inconceivable That AMC Would File for Chapter 11”
Adam Aron, as always, remains unruffled by widespread talk of AMC Theatres’ financial woes. At CinemaCon, the annual gathering of exhibitors and Hollywood studios that’s underway in Las Vegas this week, there’s loads of chatter as to the financial health and future of the world’s largest theater circuit, and whether a restructuring is in the […]
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London’s Garden Studios Hires Sky Studios Top Exec Bee Devine as COO
Garden Studios in London, which opened its doors in early 2021, has hired Sky Studios top executive Bee Devine as chief operating officer. She will start the role in June and report to Garden Studios founder and CEO Thomas Hoegh. Devine has worked as director of content operations at Sky Studios, the production arm of European […]
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Editors Guild Reaches Tentative Agreement on Craft-Specific Issues
The second-largest West Coast Local of Hollywood’s major crew union has reached a tentative agreement on its craft-specific issues with studios and streamers. The Motion Picture Editors Guild (IATSE Local 700) confirmed the news on Instagram on Sunday. “Our Local 700 Negotiations took place over the course of several days and what we achieved is […]
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NBCUniversal Expects Advertising Record for 2024 Paris Olympics, Will Benefit From Women’s Sports Boom
The 2024 Paris Olympic Games are shaping up to a blockbuster for NBCUniversal. According to Dan Lovinger, president, Olympic and Paralympic Sales, the company has already booked $1.2 billion in ad revenue for the games, which are still months away, and expects to surpass the advertising record for any Olympics (the 2020 Tokyo games nabbed […]
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Courtney Armstrong Upped to COO of Paramount Pictures
Paramount Pictures has promoted Courtney Armstrong to be COO of the venerable film studio. Armstrong was most recently president of business affairs and administration, after joining Paramount from Warner Bros. in 2021. The executive will now oversee all day-to-day operations across business affairs, legal, and business development, for the studio’s live action, animation, and studio […]
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Martini Film Studios Takes Majority Stake in Lighthouse Pictures (Exclusive)
Martini Film Studios, operator of a giant studio complex outside Vancouver, has taken a majority stake in Lighthouse Pictures, a genre film and TV production banner led by Jamie Goehring and Shawn Williamson. Terms of the deal were not disclosed, but the transaction will see Lighthouse Pictures’ current management and production teams remain at the […]
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CBS News Bringing Misinformation Unit to TV With Hiring of EP Melissa Mahtani (Exclusive)
CBS News is planning to bring its CBS News Confirmed unit to TV with the hiring of a new executive producer: Melissa Mahtani. CBS News Confirmed, launched late last year, is focused on tackling misinformation, including the growing scourge of deepfakes and photos, videos and audio created by generative artificial intelligence. Now, Mahtani will be […]
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Broadway Openings Crowd Theaters as Hopefuls Aim for Tony Nominations
The Tony Award nominations are set to take place April 30, and in the lead-up, the month is jam-packed with Broadway openings, with 14 taking place over the course of 11 days. While the days before the Tony Awards eligibility cutoff, on April 25, are typically filled with openings, many industry insiders are optimistic that […]
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Rooster Teeth Podcast Network Sold to Night Talent Management
Night, the talent management company that represents YouTubers and Twitch Streamers, has acquired the Roost Podcast Network from Warner Bros. Discovery. As part of the acquisition, Night will retain the majority of the podcast network team, including A.J. Feliciano, Head of The Roost Podcast Network. The network includes 47 original shows, with more than 350 million […]
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Two Years After WarnerMedia Merged With Discovery, Debt and Megadeal Questions Loom
Warner Bros. Discovery was officially created when Discovery and AT&T’s WarnerMedia closed their megamerger on April 8, 2022. Two years later, the entertainment giant, led by CEO David Zaslav, has integrated the two companies’ businesses and increased its cost-savings target from $3 billion to more than $5 billion. But its stock has been under pressure […]
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Los Angeles Times Officially Names Terry Tang Its Executive Editor
The Los Angeles Times is removing “interim” from executive editor Terry Tang’s job title. The newspaper announced on Monday that it was making things official with its former editorial page editor, who was elevated to the leadership role on a provisional basis in January. “We’re thrilled to have Terry Tang leading the L.A. Times newsroom,” […]
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Paramount Wins ‘Top Gun’ Copyright Lawsuit
Paramount has prevailed in a copyright lawsuit, brought by the heirs to the author of a 1983 magazine story that inspired the original Top Gun, accusing the studio of forging ahead with the blockbuster sequel without renegotiating a new license. U.S. District Judge Percy Anderson, in an order dismissing the case on Friday, found that […]
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Streaming Profit Report: A Year Spent Chasing Netflix
Several years into Hollywood giants’ streaming pushes, they still find themselves confronted with that famous Jerry Maguire line from Wall Street: “Show me the money!” In the case of streaming, “the money” means profits. With Netflix having been crowned by some observers as the king of streaming, Hollywood CEOs have focused on making their streaming […]
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Women’s Sports’ TV Rights Boom May Have Finally Arrived
For years, women’s sports was an afterthought for TV, frequently relegated to ESPN2, Fox Sports 2 or ESPNNews, if they were able to secure TV rights at all. It was a self-reinforcing cycle of denial: Women’s sports didn’t rate, so the demand for the rights wasn’t there. But the games rarely got play on the […]
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AMC Networks Preaching “Flexibility” As It Expands Digital Offerings for 2024 Upfront
In an upfront season impacted by the fallout from the Hollywood strikes and larger discontent in the advertising market, AMC Networks is approaching this year with “flexibility” in mind, the company’s chief commercial officer Kim Kelleher says. “I think we’re entering into a continuum where flexibility has been the the kind of marching orders of […]
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