It’s a rocky start of 2024 for the entertainment industry, as it is facing heavy layoffs in companies spanning film, TV, music, and gaming.   This round of layoffs has hit several big companies, including Amazon, Pixar, and Universal Music Group. Entertainment, media, gaming, and technology companies have been under pressure to reduce costs due to economic difficulties, Hollywood strikes, corporate consolidations, and other factors, following a rapid increase in hiring during the COVID-19 pandemic. UMG, the largest record company [...]

Last week, Lionsgate announced a change in its movie division leadership: Adam Fogelson will succeed Joe Drake as the chairman of movies.   Over the next few months, Drake and Fogelson will work closely for a seamless handover of responsibilities. Fogelson is currently vice chair of the Motion Picture Group, overseeing the worldwide marketing and theatrical distribution. Lionsgate, a studio once known as a "mini major", had a good year with recent releases from the John Wick, Saw, and Hunger [...]

Makeup and hairstyle artisans from Michael Mann’s ‘Ferrari’ also got a nomination in the specific category.   Io Capitano, the Italian candidate for the Oscars, has entered the shortlist of 15 international feature films from which the Academy of Motion Pictures Arts and Science members will choose the final five nominees seven weeks before the ceremony. The announcement of the shortlists for various categories, including documentaries, makeup and hairstyling, score, and song, came at 11 in the morning, Los Angeles [...]

In a digital content-dominated landscape, the streaming industry has been a beacon of innovation, offering viewers a plethora of options and flexibility.   However, the recent advertising slump has cast a shadow even on the streaming giants, impacting their revenue streams. According to MediaRadar, ad spending on six major streaming services, including Discovery Plus, Hulu, Max, Paramount Plus, Peacock, and Pluto TV, witnessed an 8% decline, totaling $1.07 billion from January to October this year compared to the same period [...]

The Berlin Film Festival will honor the director of Killer of the Flower Moon on February 20th.   Legendary filmmaker Martin Scorsese is set to be honored with a prestigious lifetime achievement, Golden Bear, at the upcoming Berlin Film Festival. The ceremony is scheduled for February 20, 2024, at the Berlinale. Scorsese is currently enjoying acclaim for his latest directorial venture, Killers of the Flower Moon, which has positioned itself as a frontrunner in the award-season circuit. The Berlin Film [...]

The integration of Hulu into the Disney Plus app has yielded a streaming powerhouse, establishing one of the most sought-after content catalogs in the US.   According to a study conducted by Ampere Analysis, the combined streaming services now claim a one-third share of the top 100 most popular movies and TV series titles in the US, outshining even streaming titan Netflix. The beta phase integration of Hulu into the Disney Plus app, which transpired last week, represents the initial [...]