Saudi Arabia’s emerging fashion design labels have been making their red carpet world premiere over the past few days at the Red Sea International Film Festival, running December 1-10 in the port city of Jeddah.
15.11.2022 - 19:45 / deadline.com
David Zaslav channeled his inner John Dutton today: “We have an awful lot to do, and an awful lot to undo,” he said, crediting the line to Kevin Costner’s Yellowstone patriarch in the Season 5 premiere, with a shoutout to the Paramount show. Zaslav’s hard-to-wrangle ranch is a merged Warner Bros. Discovery.
“It was much more challenging that we thought. You opened up the closet, things fell out. We are fixing them. Some assets are better than we thought at the core – the talent is better than we thought. But there was a lot that was unexpectedly worse than we thought. For me, I don’t want to buy a company that is really well run. It’s hard to make it better. So every day we open a closet, and something comes out,” the chief executive said during a wide-ranging keynote conversation at the RBC Media conference touching on a streaming rethink, overpriced sports, challenged advertising, DC leadership, theatrical windows and linear television. He retread some ground from a recent earnings call, his goal to convince Wall Street to look beyond the noise of cost cuts, layoffs and canceled shows. The company fell short of Wall Street expectations last quarter due to a slower advertising and merger restructuring charges.
Streaming: The company has a chance to remake it. The business logic behind streaming has been “irrational” with companies spending massively on content for low-fee products that didn’t end up attracting enough subscribers to make them profitable. That’s become clear in a stream of financials this year. Consumers churn in and out. “Right now, we can get 30 million people with Euphoria, but they can come on for two months, watch Euphoria and then leave. Do we want to create incentives for people to be there?
Saudi Arabia’s emerging fashion design labels have been making their red carpet world premiere over the past few days at the Red Sea International Film Festival, running December 1-10 in the port city of Jeddah.
EXCLUSIVE: David Peter Bloom was a Wall Street whiz kid convicted of securities fraud for defrauding investors of almost $15M and earlier this summer was arrested on suspicion of 12 counts of grand theft in LA for a scheme run out of Hollywood hipster dive bar Frolic Room that entangled The Hills star Caroline D’Amore.
Agatha Christie’s stage thriller The Mousetrap, a London theater staple for 70 years, is finally ready for Broadway: The murder mystery will unfold at as yet undisclosed Broadway venue sometime in 2023, producers have announced.
Every year, around 20 of the world’s most influential public broadcasters get together to discuss the issues of the day such as the challenge from global streaming platforms, rights and the very purpose of their existence. The Public Broadcasters International conference is part-debate, part-agenda setting and part-pep talk in truth.
The FTX crypto scandal has found even more interested parties.
EXCLUSIVE: The wild story of crypto king Sam Bankman-Fried and the $32B meltdown of FTX is drawing considerable interest from Hollywood.
Studio figured out long ago that remaking John Carpenter‘s filmography is a lot easier than coming up with original ideas. Take David Gordon Green‘s latest take on the “Halloween” franchise, for example.
The New York City man who stabbed his estranged lover more than 50 times back in April has been sentenced in her death.
EXCLUSIVE: Deadline hears that a global zoom meeting was held for Warner Discovery employees this morning, on which CEO David Zaslav introduced the new DC Studios Co-Chairmen and CEOs, James Gunn and Peter Safran. This was their first appearance together before the company since being named to their posts on Oct. 25.
John Malone, billionaire Liberty Media chairman and architect of the Warner Bros Discovery merger, believes WBD’s mix of ad-free and ad-supported streaming under CEO David Zaslav will succeed “if he makes good stuff.”
The streaming app ITV Hub will be scrapped and replaced with ITVX, bosses have said.
NBC has set the series finale for medical drama New Amsterdam for January 17 at 9 p.m. The two-hour episode follows the series premiere of freshman comedy Night Court.