☀️ Cue DEFCON 3: Why the 2023 Studios Mantra is now Sell Everything!
TIKTOK hires another former DIS leader / eONE lays off 20% / YOUTUBE TV dumps big RSN
Mornin! This is Sean McNulty (connect here on LINKED-IN if ya like) and here’s the Hollywood + Media news to know on FRIDAY June 23, 2023.
Where let’s have our Friday Morning Coffee ☕️ up the coast near Santa Barbara at Jeff Bridges’ new house! The Dude seems like the kinda guy who wouldn’t mind an impromptu stop in no?
Plus, the views from the pool seem real chill… but the tiki bar is a fine touch (I hear White Russians are on tap!) - easily worth $0.1 of the $8.6 Mil closing price.
ALSO: Kesha and music producer Dr. Luke settled their lawsuit, which began 9 years ago.
AND: Josh Gad and Andrew Rannells are returning to BROADWAY in Gutenberg! The Musical! The 2 original Book of Mormon stars are in a show about, well - two guys who create a musical about printing press creator Johannes Gutenberg of course.
Previews start Sept 15, and the engagement runs thru Jan 28.
OH: Anyone want to own their own movie theater? 🙋♂️. The FOX VILLAGE THEATER real estate is up for sale in Westwood. Hmm. Well I was gonna join the LACC… but hey Richard, wanna go halvsies?
WAKEUP BOX OFFICE POLL RESULTS
We have quite a barnburner for once! We’ll see if the R-rated comedy fans can pull out the W on Monday.
IN TODAY’S EDITION:
Why do some Hollywood Studios seem to be in a very motivated “Everything Must Go!” state right now? A look at the underlying business factors that are coming to a head, causing these “HBO to NETFLIX 😱” and “CBS NEWS Headquarters for Sale!” headlines of late… and a Studio-by-Studio breakdown of what’s afoot.
BTW - WBD finally found a buyer for at least half of its music library. Yes, WBD has a music library.
VICE is sold to its debtors (pending judicial confirmation today).
THE LEDE COMPANY sets up another international outpost.
eONE enacts massive layoffs in anticipation of sale.
Another top RSN is dropped from a major TV bundle.
The Weekend Preview of new things to stream and go see, and more!