🎧 Now It's Spotify vs. YouTube — Plus Personal Struggles Post-L.A. Fire
The new front in the video wars; plus: Cali tax incentive & 'Elio' bombs
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This week: Elaine Low, Sean McNulty and Natalie Jarvey unpack a wave of moves shaking up Hollywood. First, the team dissects Spotify’s latest push into video, including a leaked pitch deck showing the platform’s aggressive play to lure creators from YouTube — and what it means for the future of podcasts, revenue models, and digital windowing. Also, the California legislature signed off on a $750 million tax incentive expansion for film and TV production. What’s in the deal, who benefits, and will it really bring jobs back to the state? Plus: a look at the summer box office’s first big flop, Pixar’s Elio, and if Brad Pitt’s F1 can defy the haters. Then, six months after the L.A. fires, Elaine talks to Nicole LaPorte about her wrenching interviews with the displaced from Hollywood, now struggling, surviving and rebuilding.
How effective will the new tax credit be. Under the previous amount, by what date was the tax credit completely used up and oversubscribed? By doubling it and adding the types of projects that qualify, when will the money budgeted be done?