Film Reporter covering the biz • trey.williams@thewrap.com • Twitter: @trey3williams
Experience:
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ViacomCBS Revisits Strategy That Drove a Turnaround at Paramount
“There’s no question the crisis has proven the power of streaming, and we’re moving quickly to seize on the significant revenue opportunity,” ViacomCBS CEO Bob Bakish says
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News
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Concordia Studio Names Alexa Platt COO of New Company
The executive recently served as CFO of independent financing and production company 2.0 Entertainment
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‘Avengers: Endgame’ Directors Joe, Anthony Russo Sign With CAA
The duo’s AGBO production company recently released the Chris Hemsworth-led Netflix action thriller “Extraction”
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Live Nation Credit Rating Downgraded by S&P With Negative Outlook
“The company’s revenue declines will be dramatic and challenge Live Nation to realign its cost structure during this period of minimal concert activity,” analysts wrote
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Sony Pictures Profit Balloons to $628 Million for the Year
Studio’s $208 million fourth quarter profit, however, was a decline from last year
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The Pros and Cons of Amazon Buying AMC Theatres
“It raises an interesting question as to what the future of Amazon’s distribution strategy is,” box office analyst and TheNumbers founder Bruce Nash says
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Movies
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WME to Shrink 20% of Staff Next Week With Layoffs and Furloughs
The layoffs come as Endeavor faces pressure from the continued COVID-19 shutdowns
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CEO of Russo Brothers’ AGBO Committed to Making Films for Theaters – and Streaming
“We’re going to continue with ambitious projects… big in scope, and broad in audience appeal regardless of the distribution method,” Jason Bergsman says
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News
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Shanghai Disneyland to Reopen May 11 With Social Distancing
Disney will enact social distancing and government-mandated precautions, such as mask requirements and temperature screenings
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Russo Brothers Name Jason Bergsman CEO of Production Company AGBO
AGBO also promoted Angela Otstot to president of creative, Jake Aust to president of physical roduction, and Nicholas Anglewicz to COO
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Hollywood and Tech World’s Highest Paid Executives: Who Made Bank, Who Sank in 2019
TheWrap’s annual executive compensation round up finds that Apple CEO Tim Cook led the pack
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TV
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CAA Raises $75 Million in Debt Sale as S&P Holds Stable Credit Outlook
“The stable outlook reflects our view that CAA will maintain sufficient liquidity to service all of its debt obligations,” S&P analysts say
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UTA Furloughs Staffers Due to Coronavirus Shutdowns
The agency previously cut employees’ salaries company-wide
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IMAX Reports Q1 Loss, Revenue Decline Due to Coronavirus Pandemic
No movie theaters = no ticket sales
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Shia LaBeouf Entered Another Emerging Screenwriters Contest – And Won
The actor and writer previously made it to the quarterfinals of the PAGE International Screenwriting Awards with his script for 2019’s “Honey Boy”
