Hollywood's rollercoaster year is explored, including strikes, box office surprises, and struggles for studios and execs. The use of AI and guild concerns are discussed, along with the success of 'Barbie' and 'Oppenheimer'. A critically acclaimed movie's marketing strategy and Apple's financial considerations are analyzed. Apple and Amazon's strategies in entertainment are explored, and the struggles of TV shows and executive changes are highlighted.
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Quick takeaways
The protracted strikes in the entertainment industry led to gains for writers and actors, but also raised concerns about long-term ramifications and the impact on the industry and economy.
The surprising success of certain box office releases emphasizes the importance of creating fresh and original content that captivates audiences, rather than relying solely on established franchises.
Deep dives
The Impact of Strikes on the Entertainment Industry
The podcast discusses the protracted strikes that occurred in the entertainment industry, particularly among writers and actors. It explores the negotiations and the deals that were eventually reached, highlighting the gains made by the writers and actors in terms of their demands being met. However, it also acknowledges the negative impact of these strikes on the industry and the economy as a whole, raising questions about the long-term ramifications and whether the resulting deals were worth the pain experienced during the negotiations. Additionally, it addresses the concerns around the increasing use of artificial intelligence (AI) technology in the entertainment industry and the efforts made by guilds to negotiate protections against potential misuse of AI by studios.
The Success and Challenges of Box Office Releases
The podcast examines the surprising success of certain box office releases, such as Barbie and Oppenheimer, which garnered significant audiences and performed well financially. It discusses the role of social media, particularly TikTok, in generating enthusiasm and driving audience interest in these movies. However, it also explores the challenges faced by other franchises and original films that struggled to resonate with audiences and failed to meet expectations. This highlights the importance of creating fresh and original content that captivates audiences and generates cultural buzz, rather than relying solely on established franchises or well-known names.
The Shift in Content Licensing and Distribution
The podcast delves into the changing landscape of content licensing and distribution, specifically focusing on the willingness of studios, including Warner Brothers Discovery, to license their library shows and movies to platforms like Netflix. It discusses how this shift in strategy, driven by the realization of the market power possessed by streaming platforms, marks a departure from past practices of hoarding content and instead capitalizing on the financial opportunities presented by licensing. This demonstrates the evolving dynamics between studios and streaming platforms, as well as the changing priorities and revenue models within the industry.
Challenges and Uncertainties for Disney
The podcast analyzes the challenges faced by Disney, including creative issues within its animation and Marvel divisions. It explores the uncertainty surrounding the reception of new Marvel storylines and the changing audience preferences for animated films in theaters. It also addresses the proxy fight involving activist shareholder Nelson Peltz and former Marvel Chief Ike Perlmutter, questioning the leadership of Bob Chapek and the board's handling of the company's challenges. The discussion highlights the need for innovative strategies to adapt to the changing market and audience demands, as well as the potential impact of the proxy fight on Disney's future direction.
Hollywood’s messy year: Strikes disrupted show biz, the box office surprised, studios and execs struggled, and streamers started licensing. Kim Masters, Matt Belloni, and Lucas Shaw look into the main Hollywood events of 2023.
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