The Business
Blumhouse CEO breaks down real Hollywood horror as strikes rage on
Aug 19, 2023
Jason Blum, CEO of Blumhouse, discusses the ongoing strikes in Hollywood and shares concerns about compensation and the distribution of wealth in the industry. He also explores the impact of the strikes on film festivals, movie sales, and the television season. Blum emphasizes the vital role agents play in advocating for artists and negotiating deals, while calling for a swift resolution to the strikes.
30:02
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Quick takeaways
- Jason Blum criticizes the streaming model for upfront talent buyouts and advocates for a transparent and fair compensation approach based on content performance.
- Ongoing strikes impact fall film festivals, leading to fewer stars in attendance and studios/streamers hesitant to buy movies, creating uncertainty in the industry.
Deep dives
Streaming Model Problem and Compensation Approach
Jason Blum discusses the streaming model problem and compensation approach in the entertainment industry. He criticizes the idea of buying out talent upfront without considering the performance of the content made. Blum emphasizes that this issue is not limited to Netflix but applies to all streamers. He also mentions the streamers' reluctance to share data with creatives and argues for a more transparent and fair model that rewards success and monetizes content efficiently.
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