Mornin! This is Sean McNulty and here’s the Hollywood + Media news to know on WEDNESDAY November 9, 2022.
Where after voting, I was knee deep in earnings reports the rest of the day… what’d I miss?
PLUS: The META layoffs are brutal – 11k people, a total of 13% of the workforce, across all areas. Just 2 weeks ago Zuck intimated on the earnings call that a year from now, META’s workforce would not be any bigger, and may even be slightly smaller. 13% is not slightly smaller.
New office space plans have been cut, and in a move that will be sure to renew “return to office” talk – some folks will be moving to desk sharing. Zuck got the user trends that emerged in the pandemic “wrong” and said “I take responsibility for that.”
AND: Remember when ADIDAS pointed out they still own all the designs and such to YEEZY products when splitting with YE? Yeah ADIDAS has already announced they’re gonna still sell his shoes… just without the YEEZY on them.
If you’re wondering what the price is to buy a moral stance at ADIDAS, apparently its $503 Million, which are the projected losses from ending the YEEZY line. Thanks to Nat Ives’ WSJ newsletter for the head up.
IN TODAY’S EDITION:
A #medianerd🤓 dive into the DISNEY subscriber numbers & Chapek comments made on the earnings call. The numerous Subscriber count growth headlines are impressive, but the bundling is really hurting #ARPU (Advertising headwinds also not helping). Take a look under the surface at DIS+, HULU (& HULU +LIVE TV) and ESPN+.
Even TIKTOK is cutting their internal outlook for the year.
AMC THEATERS increases Revenue about 30% from last Fall… but loses the same amount of money 🤦♂️. A look at the numbers at the largest US theater chain. #MicrowavePopcornIsTheFuture🍿
NETFLIX teams up Anne Hathaway & Salma Hayek Pinault for action comedy pic
They’ve also expanded games into Trivia in their app.
“John Wick” spinoff movie with Ana de Armas is setting the cast.
PEACOCK adds local affiliate 24/7 live-streams, and much more today.
📽 THE SILVER SCREEN
NETFLIX sets Anne Hathaway and Salma Hayek Pinault for action-comedy “Seesaw Monster”
Not too much known other than it’s based on a Japanese novel from the writer whose book also spurred “Bullet Train”, and Anne & Salma will play rivals who have to collaborate, so take from that whatcha like. /Deadline
AMAZON sets Viola Davis to star in action-thriller “G20”
Giving points to all of you who also assumed it’s “Die Hard” at the G20. MRC is producing alongside Viola’s company.
Patricia Riggen is directing (she did the Chilean coal miner movie “The 33”, also of note – some eps of “Jack Ryan”). /THR
ALSO IN MOVIES
DISNEY / STAR WARS is in talks with…
