- Netflix cuts 300 staffers in a second round of layoffs (Variety)
- Banijay to explore metaverse originals with ‘significant’ investment (TBI Vision)
- Screen time for six to 10s went up by 83 minutes a day during pandemic, study shows (The Guardian)
- Value of UK film and TV production could reach US$9.4 billion by 2025, but 21,000 more crew are needed (Deadline)
- Netflix chief Ted Sarandos confirms AVOD model and says Google and Roku are potential ad sales partners (Deadline)
- Ukraine’s production industry is urging continued support as the war with Russia enter its fifth month (TBI Vision)
- PwC says the annual value of media and telecom deals has hit a record US$469 billion (The Hollywood Reporter)
- Pixar VFX supervisor Jane Yen used VR to help produce Lightyear from home (Cartoon Brew)
- Netflix’s message to Hollywood: We’re still spending money (Variety)
- Canada is preparing to put local content quotas on streamers (TBI Vision)
- TikTok has updated its EU ad disclosure policies following child safety complaints (TechCrunch)
- An X-Wing model from Star Wars: A New Hope fetches US$2.3 million at auction (The Hollywood Reporter)
- Netflix’s stock is continuing to drop, and the streamer is bracing for another round of layoffs (Variety)
- Hollywood execs are preparing to slash marketing budgets as a recession looms (The Hollywood Reporter)
- Meta is rolling out new monetization tools for creators on Facebook and Instagram (Tech Crunch)
- Free delivery is the top reason most shoppers choose online retailers, a new survey shows (RTIH)
- Paramount+ to commission 150 international originals by 2025, new chief says (The Hollywood Reporter)
- …Meanwhile, Paramount’s FAST unit Pluto TV launches four new channels with Sony Pictures Television (TBI Vision)
- Pixar’s Toy Story spinoff Lightyear fails to meet box-office expectations with a US$51-million debut weekend (Variety)
- Meta breaks down how it plans to make VR indistinguishable from the real world (TechCrunch)
- Amazon wants to create franchises with its animated content and is seeking properties with “360” potential (TBI Vision)
- Four more execs are exiting Warner Bros. Discovery as the shockwave of the merger continues (Variety)
- Saudi Arabia might be an “untapped” film market, but its movie bans aren’t helping (The Hollywood Reporter)
- Influential comic book artist Tim Sale, best known for his work on Batman, has died at 66 (Deadline)
- Germany and Norway lead the field at the Prix Jeunesse International Awards (Prix Jeunesse)
- British broadcasters are backing a plan to stop bullying in the industry (Deadline)
- As the box office bounces back, how many tentpole films can share one weekend? (The Hollywood Reporter)
- Canadian broadcasters are looking to fight back against streamers, but the SVODs might have already won the war for eyeballs (Variety)
- Netflix’s Bela Bajaria talks about how the streamer is rethinking its business model (The Hollywood Reporter)
- Spotify has formed an 18-member council to advise on addressing harmful content (Variety)
- Twitter launches a new feature so businesses can share contact info and hours (TechCrunch)
- Warner Bros. has started voluntary buyouts in its US ad sales division to reduce its global workforce (Deadline)
- Disney+ embarks on a 60-country launch across Europe, Asia and Africa this month (Variety)
- SkyShowtime names programming chief (Digital TV Europe)
- Investment firm Benchmark has downgraded Netflix’s stock to “sell” (The Hollywood Reporter)
- …Meanwhile, streaming ads are likely to help Netflix more than Disney (Deadline)
- Peter Rice sends last memo to staff after Disney ouster: ‘I am incredibly sad’ (Variety)
- …Meanwhile, successor Dana Walden pledges inclusion and collaboration going forward (Deadline)
- Jurassic World Dominion came out on top at the box office this weekend with a US$143-million opening (The Hollywood Reporter)
- Spotify is acquiring a voice AI company to expand its business beyond music and podcasts (TechCrunch)
June 24, 2022
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