Issue April 26, 2017 Double Issue (2024)

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Issue April 26, 2017 Double Issue (1)

The all-new Hollywood Reporter offers unprecedented access to the people, studios, networks and agencies that create the magic in Hollywood. Published weekly, the oversized format includes exceptional photography and rich features.

in this issue
THE REPORTHeat IndexReed Hastings (right) and Ted SarandosCompensation soars for Netflix’s CEO ($23.2 million) and chief content officer ($18.9 million) in 2016, as the company’s stock price spikes.Dr. LukeThe controversial music producer is dropped by Sony Music amid his years-long war over pop star Kesha’s claims of sexual assault.Kendrick LamarThe rapper’s album DAMN. debuts with the biggest sales week of 2017 (603,000 equivalent units) as his “Humble.” unseats Ed Sheeran’s “Shape of You,” which spent 12 weeks atop the Billboard Hot 100.Vanessa HudgensHer Powerless, DC Comics’ first live-action comedy series, is yanked from the NBC schedule after drawing a weak 0.6 rating in the key demo.Showbiz Stocks$92.81 (+4%) ELECTRONIC ARTS (EA) The video game maker will release Star Wars Battlefront II with Lucasfilm on Nov. 17. The first in the series has…1 min
THE REPORTWriters Go to War: How a Strike Would Impact EveryonePain. Anxiety. Fear. Those emotions are rippling through members of the Writers Guild of America and their adversaries in the Alliance of Motion Picture and Television Producers as they make a last-ditch attempt to salvage a deal in the wake of the guild’s overwhelming authorization to strike when the current contract ends May 1.As talks drag on, both sides are preparing for the worst. Even as AMPTP president Carol Lombardini and WGA chief Howard Rodman trade proposals, each of the major networks has held contingency meetings on what to air absent any fresh scripted content. At least two broadcast networks are prepared to order additional unscripted programming; some have toyed with purchasing more feature films, replaying the most recent seasons of hits or even reviving vintage fare as well as…5 min
THE REPORTThe Sticking Points• BASIC WAGE INCREASE: WGA wants 3%; producers have countered with 2%.• HEALTH PLAN: For a $45 million contribution, producers asked for $10 million in cost reductions. TheWGA countered with $5 million, and producers came back with $8 million.• FEES FOR SHORTER SERIES: Given seasons now can consist of 12 episodes or fewer, writerswant changes in the complicated formulas governing per-episode fees and exclusivity.• SVOD RATES: WGA wants increases in the minimums for streaming-ondemand and cable shows.…1 min
THE REPORTSupporting a Strike But ‘Scared Shitless’I was an entertainment journalist during the most recent Writers Guild of America strike. There were a lot of stories to cover over those 100 days — from Nov. 5, 2007, to Feb. 12, 2008: what a Hollywood without scripted content would look like (and what it would cost); what internet residuals even mean; ranking the various latenight hosts’ strike beards …While I had to remain impartial in print, in person I found myself defending the WGA’s decision to strike, both with family who didn’t understand and with friends who wanted their favorite shows back. Because I wanted to be a TV writer.I have, for as long as I can remember, felt a pull toward making up stories for the screen. (OK, that’s a lie: I can remember wanting to…3 min
THE REPORTHigh Stakes at Hulu for Handmaid’s TaleCan The Handmaid’s Tale do for Hulu what six years and hundreds of millions of dollars has not? The Elisabeth Moss dystopian drama, picked up straight-to-series following a bidding war with FX, is a key element in Hulu’s effort to become part of the watercooler conversation, an effort that began with 2016 miniseries 11.22.63 and includes the upcoming J.J. Abrams-Stephen King anthology Castle Rock as well as 9/11 drama The Looming Tower.The goal, says Hulu head of content Craig Erwich, is to transition Hulu originals “off the arts and entertainment pages and onto the culture pages,” where rivals Netflix and Amazon regularly appear.The buzz for Handmaid’s Tale, which launches April 26 and takes place in a futuristic but simplified world in which fertility issues abound and women’s rights are a…3 min
THE REPORTCash or Credit? Netflix Bets on Euro Debt for Subscriber GrowthNetflix is adding a bunch of new debt — and what’s striking is the currency it’s using: 1 billion euros, not dollars. While the streaming VOD company has taken loans before, this is the first time it has opted to do so in the European currency, which observers note is a sign of how much CEO Reed Hastings is looking overseas for growth. The new debt is part of a recent binge of sorts, but most analysts remain bullish — though some worry about its eight straight quarters of negative free cash flow because of massive spending on original content and international expansion. Netflix had $1.1 billion in cash on hand at the end of the most recent quarter, down from $2.5 billion two years ago, but it still has…1 min

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Issue April 26, 2017 Double Issue (2024)
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