More than any other U.S. brand, Netflix remains closely associated with South Koreas bankable entertainment industry, thanks to some savvy early bets and a consistent strategy of heavy investment there. Even with the second season of Squid Game not to come until December, the companys share of Koreas domestic streaming marketplace was dominant in the first half of 2024, a...

In September 2022, a few months before he unexpectedly returned to The Walt Disney Co., Bob Iger warned that a world of hurt was coming to the linear TV business. Sitting on stage at The Beverly Hiltons International Ballroom, Iger told his interviewer, Kara Swisher, that Linear TV and satellite is marching towards a great precipice, and it will be...

In its second to last week on Broadway, The Wiz brought in close to $1.7 million, its highest tally of its run so far, putting it within the top five in the industry for the week. The revival, which features a revised book by Amber Ruffin, has been running at the Marquis Theatre since March 29 and is scheduled to...

Is there a path back? That still stands as an unanswered question in the wake of the #MeToo tsunami that swept Hollywood starting with the downfall of Harvey Weinstein in 2017. And it presented with specific, thorny facts accompanied by a cloud of nebulous rumors as Skydance moves closer to sealing a deal with Paramount that would install former NBCUniversal...

Artists suing generative artificial intelligence art generators have cleared a major hurdle in a first-of-its-kind lawsuit over the uncompensated and unauthorized use of billions of images downloaded from the internet to train AI systems, with a federal judge allowing key claims to move forward. U.S. District Judge William Orrick on Monday advanced all copyright infringement and trademark claims in a...

Paramount Global is shutting down its namesake TV studio as the company embarks on a major round of layoffs. Paramount Television Studios will cease operations at the end of the week, president Nicole Clemens and Paramount co-CEO George Cheeks told staff Tuesday morning. Clemens will exit the company, and all current series and projects in development at Paramount TV Studios...

Paramount will begin cutting 15 percent of its U.S.-based workforce beginning today. Paramount co-CEOs Chris McCarthy, Brian Robbins and George Cheeks announced to staff in a memo that the planned layoffs will begin on Tuesday, and happen in three phases. The first phase begins today, and will continue through the end of 2024. They add that 90 percent of the...

Freelance casting assistants in New York and Los Angeles have unanimously voted to unionize with two Teamsters Locals. In a National Labor Relations Board vote whose ballots were counted on Monday, 91 casting assistants employed by top studios supported unionizing with Teamsters Locals 399 and 817. The election took place between July 19 and Aug. 9, with the contest open...

A second top marketing executive is departing Paramount Global. Sabrina Caluori, executive vp kids and family marketing for Nickelodeon and Paramount+, is leaving the company. Her departure follows that of Paramount+ and Showtime chief marketing officer Michael Engleman, and comes at a time when Paramount is looking at large numbers of layoffs ahead of its merger with Skydance. Caluori has...

Buzzfeed reported total revenue of $47 million for the second quarter, down from $62 million a year ago. Advertising revenue declined 19 percent year-over-year to reach $23.8 million, with programmatic advertising revenue at $16 million compared to $15.5 million a year ago. Content revenue plunged 48 percent to $11.4 million. Jonah Peretti, founder and CEO of BuzzFeed, noted that this...

Warner Bros. Discovery is claiming the gold at this years Olympic Games, boasting record streaming and viewership figures for its coverage of the 2024 Paris Olympics in Europe. Official figures released by WBD on Monday show the company reached a cumulative 215 million viewers in Europe across its television and streaming platforms, fully 23 percent, or 40 million, more than...

From Selena Gomezs Rare Beauty to Dwayne Johnsons Teremana, even the most successful star-backed brands began with just the spark of an idea and the courage to get behind it. I commend anyone that takes the risk and makes it through all the hurdles, says Gomez, one of The Hollywood Reporters Top 30 Star Entrepreneurs of 2024. Top agents, investors...

For the past three decades, The Hollywood Reporters annual Next Generation issue THRs definitive list of the years 35 best and brightest individuals age 35 and under has been tapping the future of Hollywood leadership, including Donna Langley, Bela Bajaria and Kevin Feige. Do you know someone who should be on the list? THRis now accepting online submissions for the...