Legal Shake-Ups, Power Plays, and the Future of Hollywood At the beginning of July, David Ellison’s Skydance Media has announced a monumental $8 billion investment in Paramount Global, one of the world’s oldest entertainment companies, concluding a seven-month pursuit. The deal, that will provide the historic Hollywood studio with a younger owner, much-needed cash, and a likely profitable streaming service, received approval from a special committee of Paramount’s board of directors, followed by full board consent. The transaction will occur [...]

Warner Bros. Games has announced the acquisition of Player First Games, the studio behind the popular free-to-play platform fighter MultiVersus. This strategic move marks a significant expansion for Warner Bros. Games, enhancing its development capabilities and solidifying its presence in the competitive gaming market. Under the new arrangement, Player First Games will continue to operate under the leadership of co-founders Tony Huynh and Chris White. Huynh, who serves as head of Player First Games, and White, the head of technology, [...]

In an exciting development for the entertainment industry, United Talent Agency (UTA) has signed Native Foreign, a creative agency and production company, for representation. Known for their innovative approach to storytelling, Native Foreign has been making waves with their integration of artificial intelligence into their creative processes. Native Foreign, an Emmy-nominated, Women’s Business Enterprise National Council-certified women-owned agency, is renowned for their unique blend of AI and traditional hand skills in crafting compelling narratives. UTA highlighted in a recent release [...]

The Italian Thriller Produced by Picomedia Captivates Audiences Worldwide on Netflix Vanished Into the Night, one of the most watched movies on Netflix worldwide, has captivated audiences since its release on July 11. The thriller, starring Annabelle Wallis and Riccardo Scamarcio, tells the gripping story of a divorced couple in southern Italy whose children are kidnapped for ransom. This rare milestone for an Italian film has propelled it to the top of Netflix's global charts. In the film, Wallis, known [...]

How Indie Films Are Shaking Up the 2024 Box Office? The 2024 box office has seen fluctuations, but independent distributors Neon and A24 continue to hit significant milestones, proving their power outside the traditional studio system. Neon's horror film Longlegs opened to $22 million last weekend, marking the distributor's best wide opening to date, surpassing records set by Immaculate in March and Ferrari last December. Similarly, A24 achieved a comparable milestone three months ago with Civil War. These record-breaking openings [...]

Record Subscribers and Emmy Nods, but Can They Fix the Advertising Gap? Netflix continued to solidify its position as a leader in premium streaming with impressive Q2 2024 results. The platform added a record 8 million new subscribers, bringing its global total to 277.7 million. Netflix not only surpassed sales and profit expectations but also increased its revenue and margin forecasts for the year. To top it off, the streaming giant celebrated a remarkable 107 Emmy nominations, the highest of [...]