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Skydance CEOs Pressed On Layoffs & Donald Trump Interference As They Outline Future At Town Hall

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Soon after Warner Bros. Discovery accepted Paramount‘s acquisition proposal in February, then-Paramount CEO David Ellison pitched senior Warner executives on his $110 billion takeover of their company.

Seven months later, at a town hall meeting held at the same location, the Steven J. Ross Theater on the Warner lot in Burbank, Ellison spoke to employees from both companies as CEO of their new corporate parent, Skydance Media. A lottery was involved in getting seats in the theater for staffers, with some Paramount executives braving morning traffic for the drive over the hill. The Tuesday event, which offered a preview of the logistical and strategic complications ahead, was also live-streamed.

Over an hour of prepared remarks and Q&A with CNN host Anderson Cooper, Ellison talked up his love of film, vowed to protect CNN against Donald Trump’s attacks, and acknowledged the operatic merger process.

Ellison and Skydance co-CEO Ynon Kreiz were the only speakers during the event. They both stressed the importance of operating as one united company even though they have agreed to maintain two separate studio lots.

The deal’s official close Tuesday “caps off a long-term plan that’s three years in the making,” Ellison said, alluding to the 2025 merger of Skydance and Paramount, which was quickly followed by the WBD quest.

“The last time I was here, I talked about why I got into this business in the first place,” he said. “I love filmmaking. I love the combination of creativity, technology and sheer human ingenuity that goes into taking an idea and turning it into something that can move millions of people around the world.”

While Ellison didn’t volunteer the word “layoffs” in his remarks, he seemed to be reading the room, which is gripped with anxiety over the inevitable cuts. With the company saddled with $80 billion in debt and promising to cut $6 billion in costs, thousands of workers are expected to be let go.

“Bringing together two companies of this size and complexity will require difficult decisions,” Ellison said. “There will be changes, and there will be impacts. I’m not going to pretend otherwise. What I can promise you is that we will move through those decisions as quickly and thoughtfully as we can. We will communicate directly. We will tell you what we know when we know it. And we will not allow a prolonged integration process to distract us from the reason we brought these companies together in the first place: which is to build the next generation media and entertainment company.”

Pressed on the topic by Cooper, the execs declined to offer projections or percentages, reiterating messages from the staff memo they sent earlier in the day and telling the crowd, “You can’t cut your way to growth.”

CNN will continue to have “complete editorial independence,” Ellison told Cooper, adding that he would shield the network from Trump’s interference and criticism.

Despite his family’s closeness to Trump and the MAGA White House, Ellison told Cooper Tuesday that he supported CNN’s efforts to fight the president’s ban of the outlet from the Executive Mansion and exclude it from other coverage.

Asked by reporters in Washington about the deal’s completion, Trump said Skydance is “going to be a great company,” according to a White House pool report. “They’re terrific people.”

Cooper was universally praised by attendees for doing “a good job” asking “tough questions.” Reaction to the responses from Ellison and Kreiz was mixed, with some commending them for tackling difficult topics while others underwhelmed by their “vague non-answers.”

The mega-deal sailed through regulatory approval before hitting a major legal snag in July. Twelve states filed an antitrust lawsuit seeking to block the deal, with the WGA bringing a similar suit. Both were eventually settled after tense negotiations.

“It wasn’t easy to get here,” Ellison told employees. “At times, it was downright ugly. And at nearly every turn, someone told us it couldn’t be done. And here we are.”

Applause and occasional laughter punctuated the prepared remarks. When Ellison introduced 14 members of the new company’s executive leadership team, the crowd let out whoops when he mentioned Makan Delrahim, Chief Legal Officer and President, Global Corporate Affairs. “None of us would be here if it weren’t for Makan,” Ellison said of the former head of the U.S. Department of Justice antitrust division.

Overall, there was “a muted, polite response and applause to moments in Ellison’s remarks as people are dubious and skeptical,” one person said while another felt that there was “hopeful enthusiasm in the room.”

Ellison shared the microphone with Kreiz, the former Mattel CEO who was named Co-CEO of Skydance last week. He called the newly merged entity “one of the most exciting companies in the world,” insisting that he didn’t mean that “hyperbolically.”

He reiterated some of the themes of the memo he and Ellison sent employees earlier in the day, repeatedly emphasizing the importance of unity among employees from the merging companies.

“The industry is at an inflection point, and we have the assets, the brands, the capabilities, the global reach, and most importantly, the people, to be a driver of growth and innovation and rethink business models,” Kreiz said. “Our mission is to build the next-generation global media and entertainment company powered by creativity and technology.”

Despite Ellison’s origins as an actor in films like Flyboys, one employee who viewed the livestream of the town hall said he came across as less polished than Kreiz. That impression would hardly be a surprise, as the 61-year-old Kreiz has been CEO of multiple companies, including a stint at Mattel where he spoke often at investor conferences, on earnings calls and the like.

Both Ellison and Kreiz said “what they needed to say” but their battle for the hearts and minds of weary WBD staffers, who have been through a string of failed acquisitions, may be only now beginning.

“No one really trusts their word,” one person said.

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THR Honors Han Ji-min With Trailblazer Award at Busan Festival Gala

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Korean star Han Ji-min accepted The Hollywood Reporter’s Trailblazer Award at a glitzy gala high above Busan on Wednesday night, promising that her creative journey was only just beginning.

The award was presented during American Film Night, a collaboration between THR and the Motion Picture Association (MPA), staged on the 33rd floor of the Park Hyatt Busan with sweeping views of the waterfront and Gwangan Bridge.

The star, who will soon appear alongside Lee Byung-hun in The Koreans, Disney+’s much-anticipated reimagining of The Americans, said she was thrilled to receive the award and to work “beyond the borders of languages.”

“I really enjoyed watching the original drama, so I was looking forward to seeing how it would change in a new Korean style, and it was a very meaningful time for me to be able to take part in that process. This is also a new challenge for me, so please look forward to it.”

With the 31st Busan International Film Festival entering its second night, an array of international industry figures took time away from the films and fanfare to honor Han and her two-decade career across television and film.

THR’s Asia bureau chief Patrick Brzeski presented the award following welcoming remarks from Urmila Venugopalan, the MPA’s Asia-Pacific president and managing director. Han was recognized as an artist “whose work expands the reach of storytelling, bringing craft, courage, and a distinctive point of view to every new chapter.”

The ceremony marked the first time THR has presented its Trailblazer Award in Korea. The honor recognizes artists whose careers and creative choices illuminate complex, boundary-crossing stories and expand representation in global entertainment. Past recipients include Jean Smart, David Oyelowo, Eva Longoria, Matt Bomer and America Ferrera, as well as Shogun stars Tadanobu Asano and Takehiro Hira.

Among those gathered were Beford Park star and Busan competition jury member Moon Choi, KPop Demon Hunters producer Agnes Lee and Korean Film Council (KOFIC) chairperson Sang-jun Han. Disney’s contingent included Jon Wax, executive vp of international original television; executive vp Carol Choi, who oversees the studio’s Asian originals; and Kim Soyoun, managing director of the Walt Disney Company Korea.

Also attending were Alexander Allen, representing the U.S. Embassy, and Ellen Kim, director of BIFF’s Asian Contents & Film Market. Executives from Korean entertainment companies including CJ ENM, Barunson C&C and KT StudioGenie, as well as Korea-based executives from Sony Pictures and Universal Pictures, were also in attendance.

Han first became a fan favorite in Korea with the popular revenge drama Resurrection (2005), going on to star in hit series including Yi San (2007-08), Rooftop Prince (2012), Our Blues (2022) and Love Scout (2025). On the big screen, her performance as an ex-convict protecting an abused girl in Miss Baek (2018) earned her best actress honors at the 2018 Blue Dragon Film Awards and the 2019 Baeksang Arts Awards, two of South Korea’s most prestigious awards ceremonies.

Ahead comes The Koreans, in which she and Lee will play North Korean spies living in South Korea during the 1990s. The original series won the Golden Globe for best drama in 2019 and routinely lands near the top of lists hailing the best TV series of the past quarter century.

Han also expressed hope for more collaboration across borders.

“I hope that Koreans and creators from all over the world will communicate and create more meaningful and diverse works,” she said. “I will do my best so that I can do the roles that are entrusted to me well. I would like to thank the people who supported my work and my happiness.”

The night also celebrated the continued creative collaboration between Hollywood and Korea. The hope, said KOFIC’s Han, was that the mingling over champagne and canapés might lead to future co-productions and partnerships.

“This event goes beyond cultural exchange to forge practical collaboration in investment, screenwriting, and production,” he said. “Also, it will offer us a real opportunity to create more impactful content for the global stage. To realize this potential, we must continue building an environment where creators and professionals from both nations can collaborate freely, honor each other’s cultures, and grow together.”

For the MPA’s Venugopalan, the night reflected both those bonds and the possibilities ahead.

“It really does show how much all of our studios are doing and investing and prioritizing Korea — and this is a perfect venue to showcase that and to demonstrate our collective commitment to this important market,” she said.

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How ‘Heated Rivalry’ Made Canadian TV Red Hot

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The mega-success of Heated Rivalry has buyers asking what is coming next from Crave, the Canadian streamer that greenlit the ice hockey romance hit.

The streamer is part of Bell Media, and company President Sean Cohan is backing Canadian producers to produce the next Heated Rivalry as Canadian content becomes hot international property.

The next season of the sports show drops in 2027. Cast members have hinted at a third run for the steamy series, which Cohan says is “the biggest global hit that Canada’s ever produced,” and there is more source material from which to work. He is not ready to definitively confirm or deny a third outing, but there does appear to be a direction of travel. “In success, this show continues,” he says.

Cohan is more definitive on the future of Crave, which he says, historically, was an under-marketed and under-utilized gem. Offering a slate of Canadian originals differentiates Crave from the U.S.-owned streamers, and HBO programming adds premium U.S. firepower. Bell’s pact for HBO fare has been extended, and Cohan says it runs into the 2030s.

Heated Rivalry delivered on Bell’s promise to generate shows that resonate locally and go global, with the associated financial and reputational benefits. That was one of former A+E exec Cohan’s goals when he joined the Canadian content giant in late 2023.

Sean Cohan, Bell Media

Sean Cohan, Bell Media President

Bell Media

“We talked about making great global and profitable shows and about elevating the Canadian creative brand, which has been misunderstood or underestimated,” he says. “Bell Media spends a ton domestically on Canada-made content and the question was: Why can’t we make that in a way that exports around the world? And then we went and did it.”

Boosted by Heated Rivalry, Crave recorded just over 5 million subs in Bell’s most recent results, and is eyeing 6 million by end of 2028, but Cohan is thinking beyond that. He wants the streamer to be in half of Canadian TV homes by the end of 2029. “The new target that we have in our mind is closer to one in two,” he says. In a market with an estimated 15.8 million TV homes, that means Crave will need to continue its growth trajectory to hit its numbers.

Hudson Williams’ next turn

The next big thing in-the-making is Yaga, which features Heated Rivalry star Hudson Williams alongside Carrie-Anne Moss in a witchy folklore drama set in a coastal town called Whittock. The series will be heavily promoted at MIPCOM. Other Crave shows coming to the international market include queer softball drama Slo Pitch and Meatballs, inspired by the eponymous Bill Murray movie and starring Robbie G.K., another Heated alum. There is also Bulges, set in a Hooters-like bar, but where the staff are all male, and with Saved by the Bell star Mark-Paul Gosselaar starring. Sphere Abacus, the distributor that Bell acquired last year, is selling them all.

Hudson Williams and Carrie-Anne Moss in 'Yaga'

Hudson Williams and Carrie-Anne Moss in ‘Yaga’

Hudson Williams and Carrie-Anne Moss in YAGA photo credit Crave and Christopher Lawrence

“Canadian content was already on the rise — you had shows like [Fremantle-distributed] Sullivan’s Crossing, which had gone to The CW in the U.S. and Netflix around the world,” says Sphere Abacus Managing Director Jonathan Ford. “Heated Rivalry really increased that, and that led to channels and platforms around the world always wanting to know what the next big thing is coming out of Canada and, particularly, Crave.”

Ford, an international distribution veteran, adds: “Canadian programming can fit with different audiences. Some storylines feel relevant to the U.S. market, perhaps more so than some British storylines and accents, but it’s also relevant to the U.K., Australia and New Zealand, and the quality of the shows appeals to the European markets too.”

Heated Rivalry made Williams, along with Connor Storrie, a global star and Sphere Abacus has pre-sold Yaga to AMC in the U.S., Sky in the U.K. and HBO Max in continental Europe, among others.

“The sales were done off the script and casting, partly because the storyline and casting of Yaga are so strong, but also there’s an element of having wind in the sails from Heated Rivalry,” says Ford.

While Heated Rivalry set a high benchmark, now the heat is on for Crave and Sphere Abacus to deliver more made-in-Canada hits.

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Disneyland & WDW Annual Ticket Price Bump Is The Smallest In Recent Memory

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Each year October brings Halloween, the turning of the leaves, the World Series and changing ticket prices at Disney‘s U.S. parks.

For 2026-2027, however, many ticket tiers remain unchanged, while those that are rising are seeing some of the smallest bumps in recent memory. There are good reasons for this.

When Comcast reported earnings in July, it noted softer attendance at its domestic parks, despite the opening of Epic Universe in Orlando.

At Disney, global guests grew 4% and attendance at domestic parks rose 3%. Disney noted continued, but moderating, headwinds from international attendance at domestic parks. The segment’s average per capita ticket revenue still rose 5%. Forward bookings remained robust. WDW specifically saw healthy core attendance increases from domestic tourists and annual passholders.

Still, the recently announced price points indicate Disney is aware that consumers are hurting, with gas prices making it a struggle to even get to the parks.

Disneyland‘s least expensive single-day (Tier 0) ticket is still $104. That rate has remained unchanged since 2019. In line with last year, there are eight dates to get tickets at that price — all in November. See calendars below.

Another indication Disney is aware of a price pinch: Lowest-cost dates for each month are, this year, highlighted in green.

The peak 1-day (Tier 6) ticket for holiday dates in Nov.-Dec. 2026 remains $224. That price currently applies to Thanksgiving week, the days around Christmas and those leading up to New Year’s Eve. See below.

The second-highest price point, Tier 5, also remains unchanged at $199. Ditto multiday tickets, parking and annual passes. Each of the intervening tiers has only been raised $5.

The tiers and attendant cost increases (if any) break down as follows:

Tier 0 – Was $104, still $104

Tier 1 – Was $129, now $134

Tier 2 – Was $149, now $154

Tier 3 – Was $169, now $174

Tier 4 – Was $184, now $189

Tier 5 – Was $199, still $199

Tier 6 – Was $224, still $224

“Our goal is to put guests at the center of our decision making, and that starts by listening to them,” Thomas Mazloum, chairman of Disney Experiences, said of this year’s rates. “That matters more now when families are watching every dollar, and we see it in the choices they make every day — in how they plan, in how far ahead.”

Mazloum added, “We think about pricing market by market, rather than with one broad brush,” as Disneyland guests tend to be more local and those to Walt Disney World regularly travel longer distances.

Apropos of that, the company is still considering targeted offers in market, like last summer’s “Evening Ticket” at Disneyland for local residents. Those were only $59.

Over in Orlando, ticket prices are generally higher, reflecting the bigger trip Walt Disney World Resort often is for guests coming from farther away. The lowest priced offering to the Magic Kingdom remains unchanged at $119 for a single day, single park ticket, though there are none on the calendar before the end of the year. The highest-priced, Tier 6, entry is also unchanged at $209. Multiday ticket prices are not increasing.

Annual Passes at Walt Disney World are increasing by $10-$120, depending on the level. Parking prices and Lightning Lane Multi Pass pricing are not changing.

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