ENDEAVOR / WME's big Q1 results shows up the haters, stock +12%SPINAL TAP getting a sequel / TWITTER sale "on hold" / Ton of Fall TV cancellations - renewalsMornin! This is Sean McNulty and here’s the Hollywood + Media news to know on FRIDAY May 13, 2022. Where the NFL season will kick off in LA on Thu Sept 8 with the RAMS vs BILLS, and TAMPA BAY vs DALLAS on Sunday Night Football the subsequent Sunday. DENVER’s new QB Russell Wilson will go back to his old home in SEATTLE for the first game on Monday Night Football. The GIANTS will start with… ok fine they didn’t make the press release. AND: Expect to see a lot about this today. Don’t worry - he subtweeted “Still committed to acquisition”. Also kinda fitting on a Friday the 13th #goodluck. Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users TWITTER also fired their GM & Revenue Product leads as the CEO instituted a hiring freeze. Elon is not thought to be involved with the decision. /Platformer PLUS: “Top Gun: Maverick” early reviews stand at 96% on Rotten Tomatoes as the PARAMOUNT PR gears continue to ramp up 2 weeks out. 📽 THE SILVER SCREEN“This Is Spinal Tap” is getting a sequel…For some reason. Rob Reiner is returning to direct & co-star as the director of the documentary being made in the Mockumentary. Shearer / Guest / McKeon all returning to star, I’m sure alongside a plethora of current music acts. CASTLE ROCK is financing and CAA is selling at CANNES next week, to be released March 2024 on 40th anniversary of the first film’s release. Plot is the widow of their manager inherits a contract saying SPINAL TAP owes one more concert, so they re-unite to avoid a lawsuit despite not having seen each other in years. /Deadline AMAZON PRIME sets cast for BLUMHOUSE comedy-horror pic “Totally Killer”Julie Bowen, Randall Park, Kiernan Shipka and Oliva Holt lead the cast. Think “Back to the Future” meets horror movie - A teenager who’s mom is haunted by a resurgence of a killer from her youth, goes back in time to team up with the teen version of her mom to stop the killer. Nahnatchka Khan (“Always Be My Maybe”) directing, pic now shooting. /THR ALSO IN MOVIES
HOLLYWOOD BUSINESS AFFAIRS
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📺 THE TV SETFALL TV movesCBS (Wednesday Upfronts)
NBC (Monday Upfronts)
ORDERED
TheCW (Wednesday Upfronts)First the TURNER Networks… now Zaslav is coming for TheCW. Although given their shows often get 0.2 ratings, it’s hard to make an argument. Lotta house cleaning - going from 19 shows this year to 11 in the Fall as the ownership mostly falls to the NEXSTAR TV station group. NETFLIX dropping “Norm Macdonald: Nothing Special” comedy special on May 30All new material, shot in 2020, one take performed in his living room that he did “just in case” on the eve of a surgery for his cancer. The surgery went well but he never got to shoot the material in front of a crowd due to Covid so… here we are. /THR ALSO IN TV
💻 THE MEDIA BIZENDEAVOR stock pops 12% on Q1 Earnings reportEssentially - the company is starting to fire on all cylinders as the live-event world returns. Not gonna say that Ari almost sounded happy on the Earnings call… but gotta think he was smiling. REVENUE:
The company still has $5.7 Billion in debt… but they’ve managed to over 2X their Cash on hand to just over $2 Billion. A year ago, they had only $880 Million. ENDEAVOR debt was seen as potentially business-crushing when it went public, but they now seem to have this much better under control. The company turned a Net Income of $518 Million in Q1 which helps as well. They also upped their 2022 Revenue guidance slightly (by about $35 to $200 Million) citing nothing but optimism for the year ahead, so maybe that “proxy for streaming” thing is a bit approximate. SPOTIFY sets Bill Simmons as Head of global Sports content for podcastingWill keep his role also leading THE RINGER and recording 3+ hours of podcasts a week, and be tasked with growing Sports pods on the global stage. He’ll report into their head of “talk studios” Julie McNamara, who oversees all of SPOTIFY’s Original Podcast content. SPOT also promoted Max Cutler from head of PARCAST… to head of Talk creator content and partnerships (ie their relationships with folks like Dax Shepard, Call Her Daddy etc). He reports into CCO Dawn Ostroff. /Variety ALSO IN MEDIA
🏦 STOCK NOTES:NETFLIX +5% ($174.31) SPOTIFY +5% ($97.08) AMC NETWORKS +6% ($33.94) ALTICE +6% ($9.35) AMC THEATERS +8% ($11.20) ROKU +11% ($87.50) WARNER MUSIC +13% ($28.77) DISH +14% ($20.01) ROBLOX +19% ($28.58) and… BUZZFEED -7% ($3.90) If you don’t already get THE WAKEUP, sign up here:Hits your inbox weekdays by 830a (ish) East Coast time👩💻 THE FSS FEED:(new Stuff to Watch this weekend, Friday - Saturday - Sunday)WEEKEND READSThis VOX story on YouTubers who can’t seem to quit the platform was an interesting read on some names we heard a lot more about in the mid-late 2010’s FRIDAYSTREAMING:MOVIES
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🎥 TRAILER HOUSEHULU “The Orville: New Horizons” series trailer. Premieres Thu June 2 APPLE TV+ “Cha Cha Real Smooth” movie trailer - This year’s big SUNDANCE winner with Dakota Johnson, about an aimless college grad / bar-mitzvah party DJ who falls for a single mom. Drops on Fri June 17 NETFLIX “Resident Evil” series teaser - Premieres July 14 HBO “Pause with Sam Jay” Season 2 trailer - Premieres Fri May 20 🎧 PLAYING ME OFFNew FLORENCE + THE MACHINE album dropped today - stream it here on SPOTIFY, and here’s a track I liked this morning. If you need some new tunes: Email me anytime - just Reply to this email, or connect here on LINKED IN. -SEAN MCNULTY @theseanmac on TWITTER @TheWakeupNews on INSTAGRAM If you were forwarded this email, or basically just found it… SUBSCRIBE! Hits your inbox Weekdays by 830am. |