☀️ WBD signals global ambitions with HBO Int'l deal renewals, as new Exec bonus structure is set
Thousands more META layoffs pending / YT Shorts' underwhelming payouts / BET has interested buyers at PAR
Mornin! This is Sean McNulty (connect with me on LinkedIn here if ya like), and here’s the Hollywood + Media news to know on TUESDAY March 7, 2023.
Where today’s newsletter is brought to you by DELTA AIRLINES WiFi… which only worked for 45 minutes of my flight from NYC yesterday. So. That’s why you’re getting this when you’re getting this today.
PLUS: DGA & AMPTP have set a May 10 start date for their negotiations (their deal is up June 30, so about the same 6 week-ish talks window as the WGA established).
ALSO: ENDEAVOR reportedly put money into TWITTER in January. No amount disclosed as it’s not a sizable investment, but Sara Fischer at Axios has the details.
AND: CROOKED Media CEO Lucinda Treat is joining The Ankler & Advertising Week’s live in-person lineup at the NXStream Global summit tomorrow, on a list that includes:
Tony Vinciquerra, Tom Ryan, Rita Ferro, Jeremy Zimmer, Rich Paul, HARTBEAT CEO Thai Randolph, SKYDANCE Media President Jesse Sisgold, ENTHUSIAST GAMING CEO Nick Brien, Franklin Leonard and more.... looking forward to seeing all of you who registered!
Which also starts with dinner tonight at Olivetta… and being that I’m still on NYC time, I’ll be there on the early side.
IN TODAY’S EDITION:
How much $$ does 165 Million YOUTUBE Shorts views net you? Well. Let’s just hope you have a side hustle to pay your rent if you live in NYC. In a studio apartment.
META’s about to
get more efficient!lay-off thousands more.
Another longtime IDPR exec sets up her own shop.
WBD renews more global HBO output deals in APAC & MENA, further signaling an HBODISCOMAX+ launch there is likely a bit far down the list (if at all). A look at the latest strategic moves.
SPC buys Randall Park’s movie.
MACRO raises more $$, as a Music agency division leaves CAA.
WBD restructures top exec stock grants to emphasize creating efficient divisions that throw off cash.
NETFLIX shows more love for their sports docuseries.
Tyler Perry & Byron Allen want their BET.
Dr. David Agus book pulled for unattributed sourcing.
And… well, of course it was a busy day when I lost wifi for 5+ hours so - much more going on.