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Business
German Government Pledges 30 Percent Tax Rebate in 2025 Budget
German studios have been pushing for the incentive, which they say is necessary to remain competitive in attracting international productions.
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Business
James Dolan Inks Contract Extensions With His MSG Companies and Sphere Entertainment
The mogul signed three-year deals with MSG Sports, MSG Entertainment and Sphere Entertainment Co. over the past few weeks.
By Alex Weprin -
Business
Regal Owner Cineworld Mulls Theater Closures, Restructuring Options Post-Bankruptcy
The chain's post-bankruptcy plan looks to be taking shape, and may include about 25 cinema site closures and rent renegotiations with landlords in Britain.
Latest Business
Australia Juices Hollywood Blockbuster Movie Incentives
Australia has juiced its tax incentives for foreign, mostly Hollywood movies and TV series that shoot locally. The federal government has passed legislation to boost the 16.5 percent location to 30 percent. The near doubling of the location offset will apply to local Australian movies but with a catch. Producers must have budgets of at […]
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Hollywood Crafts Unions to Studios: Don’t Hold Up Our Deal Due to Your “Poor Business Decisions”
At the end of their latest week of bargaining with Hollywood studios and streamers, the unions that make up the Hollywood Basic Crafts coalition struck a defiant tone. In a statement Wednesday, the labor groups said that major entertainment firms at the bargaining table during these talks “can and should respect” the workers that the […]
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Producer With Checkered History Eyes Purchase of Dolby Theatre, Home to Oscars
[Correction: An earlier version of this article incorrectly identified Elie Samaha as once detained in a Lebanese prison over a family dispute. That dispute and detention concerned a different Elie Samaha, not the one eyeing the Dolby Theatre. We regret the error.] The home of the Oscars telecast may soon be purchased by a producer […]
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CBS Sued by Former Anchor Jeff Vaughn Over Alleged Racial Quotas
CBS Broadcasting and its parent Paramount Global are facing a discrimination lawsuit from former anchor Jeff Vaughn, who accuses his ex-employers of implementing policies that favor the hiring of individuals from certain groups and firing older, white, heterosexual men. Vaughn, in a lawsuit filed on Monday in California federal court, says he was replaced in […]
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Bob Iger and Willow Bay in Talks to Buy Majority Stake in Angel City Soccer Club
Disney CEO Bob Iger and his wife, Willow Bay, are in talks to buy a majority stake in Angel City FC, the professional women’s soccer club based in Los Angeles, a source confirms to The Hollywood Reporter. Alexis Ohanian, the co-founder of Reddit, has previously been the largest shareholder of the team. If the investment from […]
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As Moguls Make Sun Valley Plans, Fear of Big Tech Echoes in Dealmaking Haven
It started with the conspicuous TV news crews. “I get out of my car and see five media vans with the dishes and everything. It was weird. It’s very different than last year. There are reporters everywhere,” so relayed one Sun Valley attendee, speaking anonymously to The Hollywood Reporter for a July 1999 news item […]
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NBCUniversal’s Olympics Promo Plan: Enlist Stars and Influencers to Get Word Out
Last November, Steven Spielberg stepped onto an Industrial Light & Magic virtual production stage on the Universal Studios lot. Behind him, a virtual rendition of the Eiffel Tower and the Seine River began to move across the massive screens. Spielberg, however, was not shooting an upcoming film. He wasn’t directing at all. Spielberg was the […]
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Karlovy Vary’s Governor on Making the Czech Region “Heaven” for Filmmakers and Fans
Petr Kulhánek, the governor of the Karlovy Vary region, studied at the University of Economics in Prague with a focus on corporate economy and management. He also had two stints abroad at Foothill College in the San Francisco Bay Area and the Australian Pacific College in Sydney. He worked at the likes of HOPI Logistic, publishing […]
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As Apple and OpenAI Grow Partnership, Studios Stand on Sidelines of AI Battle
OpenAI is partnering with Apple to give the iPhone maker a role on its board, Bloomberg reported, affording the Sam Altman-led firm another foothold into Hollywood as the industry grapples artificial intelligence tools that have the potential to upend production, along with livelihoods of creators who’re concerned about being replaced by the tech. As part […]
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They’re Back: Skydance and Paramount Restart Talks
It’s back to the negotiating table. Shari Redstone’s National Amusements (NAI) and David Ellison’s Skydance Media are reengaging on talks that could lead to a change in ownership for Paramount Global, a source confirms to The Hollywood Reporter. The next step is for the potential agreement to go to Paramount’s special committee of the board […]
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Ari Emanuel’s Aspen Assault on Joe Biden and the Dems
Ari Emanuel insists he’s a kinder and gentler man these days, but in the wake of June 27’s presidential debate, the hard-driving agency head is still fighting mad at Joe Biden and his top aides. Appearing before a packed house at the Aspen Ideas Festival in Colorado, the Endeavor CEO had been invited to talk […]
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Paramount Renews Talks to Sell BET Assets
After several stops and starts, Paramount Global appears to be renewing its effort to sell off its BET Media Group assets. The Shari Redstone-controlled media company is in talks with CC Capital chief Chinh Chu, whose private equity firm is backing BET president Scott Mills in a bid for the BET assets, Bloomberg reported on […]
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