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Skydance CEOs Tease ‘Difficult Decisions’ to Come

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Skydance co-CEOs David Ellison and Ynon Kreiz hosted the company’s first employee town hall on Tuesday following the closing of the Paramount-Warner Bros. Discovery merger.

In his opening remarks, Ellison explained his rationale for acquiring both Hollywood studios — a long-term plan that was three years in the making.

“We didn’t do this deal simply to get bigger. We fought every single day for the chance to build something better, something that has never existed before,” he said. “This industry needs another company with the scale, resources, technology and creative firepower to go toe-to-toe with the biggest players in the world because the competitive landscape has fundamentally changed.”

“We’re not just competing with traditional media companies anymore. We’re competing for people’s time and attention with some of the largest and most sophisticated technology companies in the world – companies with enormous scale, global reach and virtually unlimited resources,” he continued. “So we set out to build a company capable of meeting that moment.”

He also laid out the road ahead, which will include “difficult decisions” to bring the two massive media giants together, “aggressive investment in great storytelling” and embracing new technologies to better compete with rivals.

“We believe in movies. We believe in television. We believe in theatrical exhibition. We believe in great journalism, live sports and shared cultural experiences. And above all, we believe there is enormous value in great storytelling – and that there always will be,” he said. “We are not coming together to manage decline. We are coming together to build for growth. And we are going to be ambitious about it.”

“Very simply, we are here to win. And we’re positioned to win in a way none of us have been before,” he continued. “For the first time, we have the studios, the franchises, the libraries, the talent and the scale, all under one roof, to compete with anyone in the world.”

In his own remarks, Kreiz said Skydance’s goals are to create the “premier Hollywood content engine and home for the world’s leading storytellers,” accelerate the growth of its streaming platform with the best content, leading-edge technology and superior fan experience, and “optimize” its “highly profitable” linear TV portfolio anchored by CBS.

In order to achieve these goals, he said the company would leverage its creative capabilities, talent relationships, production prowess and expansive library of IP, build the “most technologically capable media company” and capitalize on the company’s scale, assets and global reach.

He also emphasized that the combined company needs to work together as one team and be innovative by finding better ways to do things, challenging conventions and developing new businesses, products, games and experiences to engage fans wherever they are. Additionally, Kreiz stressed that Skydance must earn the trust of creative talent, partners and consumers.

“Ultimately, our success will be determined by performance. The market is fiercely competitive, and to achieve success it will demand that we execute at the highest level and work at pace,” he said. “Whatever we’re working toward, whether it’s a new creative milestone, a product launch or integrating two business units, we should be clear about what it is that we’re trying to achieve and hold ourselves to it.”

The $110 billion deal’s closing comes after months of twists and turns, which included a bidding war with Netflix and a legal battle with 12 state attorneys general. The deal was approved by Warner Bros. shareholders and regulators and governments representing 68 jurisdictions globally, including the U.S. Department of Justice and Federal Communications Commission, the European Commission and the United Kingdom’s Competition and Markets Authority.

Paramount also agreed to a settlement that includes commitments to invest $1.5 billion in domestic film and TV production over five years, release at least 30 films a year in theaters and negotiate the distribution agreements for each company’s suite of cable networks separately, among other conditions. It also reached a separate resolution with the Writer’s Guild of America, including a five-year layoff pause at CBS and a $17.5 million health fund contribution.

Additionally, the company agreed to concessions in the U.K. and Europe, including terminating its stake in United International Pictures and commitments to not to combine linear channels with its streaming services, maintain the editorial independence of its news services and children’s networks and provide more funding to Channel 5 to support high-quality news, original children’s programming and drama.

“Let’s be honest – it wasn’t easy to get here. At times it was downright ugly. And at nearly every turn, someone told us it couldn’t be done,” Ellison said. “Every setback, every hard night, every moment when it would have been easier to walk away, was worth it. I’d do it all over again in a heartbeat. Why? Because of what we now get to build together.”

Despite his optimism for the future, Ellison warned that bringing Paramount and WBD together will require “difficult decisions.”

Skydance has projected it will generate $6 billion in cost savings in the first three years of the deal, which will come from areas like merging streaming tech stacks, consolidating its real estate portfolio and layoffs. The combined company is expected to carry around $80 billion in debt.

A Los Angeles County-commissioned study estimates that the merger could impact nearly 4,500 local film and TV jobs alone over the next three years, as well as thousands of indirect and induced jobs from related small businesses. 

“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,” Ellison said. “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.”

In addition to Ellison and Kreiz, Skydance’s leadership team includes Andy Gordon, Dennis Cinelli, Makan Delrahim, Dane Glasgow, Rebecca Mall, Melissa Zukerman, Casey Bloys, George Cheeks, JB Perrette, Dana Goldberg, Josh Greenstein, James Gunn, Peter Safran, Mark Thompson and Bari Weiss.

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How an Israeli Actress Processed October 7

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Noa Cohen spent months making a movie reconstructing October 7, but none of it can compare to the film she still sees in her head.

Cohen was far (relatively) from the Gaza border when the Hamas attacks on communities in Southern Israel began three years ago.

“I was in my apartment in Tel Aviv with my partner and our dog. The news started — I think my mother messaged me to turn on the TV — and suddenly we couldn’t believe what we watching,” she recalls.

But it only became real a little while later, when news reports began the grim business of putting names up on the screen.

“You’d start seeing victims and you’d think ‘I went to school with that person.’ Or, ’they’re a friend of my friend,’” she says, unable to hold back a tear. “Death was all around, with so many people you know.”

Cohen is sitting in a hotel restaurant at the Toronto Film Festival in mid-September, having just premiered the Israeli movie Our Loves, one of the first film dramas about the traumatic day.

The process has been a kind of therapy for her — and, she hopes, Israelis writ large.

Written and directed by the OG Israeli filmmaker Avi Nesher, Loves tells an intimate-but sprawling account of that day as seen through a host of interconnected and ethnically diverse Israelis who lived it — a pair of police officers forced to the front lines in the absence of the army; a young religious woman and a secular young man odd-coupling on the run through the fields near the Nova festival amid bodies and terrorists; a former army tough guy named Shabi who takes matters into his own hands with a band of eager teenage novices; and Cohen’s character Liri, a young woman who ends up in a Southern Israel kibbutz saferoom with her boyfriend’s mother as Hamas gunmen surround them and eventually set the house on fire to flush them out.

Against the backdrop of a gruesome day, the Hebrew-language movie unfolds individual emotions and lives both before and during the attack, everyday problems of course not stopping with the tragedy, just interacting with it.

“When something that tragic happens, the human stories — the individual people and what they’re going through — gets lost,” Cohen says. “That’s what we’re trying to honor in the film.” (Nesher says he had a similar goal for the movie: “We wanted to make it not just a dark blot, we want to remember their individuality, we wanted the world to know each of these people was special,” he told the audience onstage at the TIFF premiere.)

The 24-year-old Cohen, who speaks a nearly accent-free English, splits her time between Los Angeles and Tel Aviv. She played a very different character two years ago in Netflix’s Biblical epic Mary (the Virgin Mary.) She found this portrayal of a modern Israeli woman to be a little closer to home, but also painful and difficult, every scene bringing her back to that trauma. “I think it helped and hurt?” she says

Cohen has one of the film’s standout scenes, involving an ambulance, an estranged father and a childhood song — and her character isn’t even conscious for it. Like several moments late in the film, it offers a hug amid the carnage, with reconciliation happening despite or because of the trauma.

Nesher, who made the 1970 iconic local hit The Band (a kind of Israeli M*A*S*H), used an unorthodox development practice reminiscent of Mike Leigh and other art-meets-life Method hounds. As part of the casting process, for instance, he had actors talk about details from their personal lives; Cohen and Shalom Michaelshvili, who plays her father Shabi, each got in a room and talked about their respective challenging paternal and daughter relationships.

“I was then surprised to get the script and see whole chunks of what we said in there,” Cohen says with a combination disbelieving/ that-sneaky-devil laugh.

Executive produced by Shari Redstone along with Len and Emily Blavatnik, Our Loves has held a private screening at the WGA in Los Angeles and is seeking broader distribution in the U.S. It will be released in Israel next weekend, notably after the anniversary but just before national elections.

The film has drawn the somewhat odd criticism — including, candidly, from a review in this publication — that it’s told almost exclusively from the point of view of Israelis, a complaint to which Cohen responds thoughtfully. “The film portrays many different perspectives of the people who went through that day. Portraying that doesn’t need to erase the point-of-view of those who didn’t and have gone through other difficult things,” she says, adding, “This is just the story we’re telling.”

She is even more troubled by the Israeli-film boycott calls from the likes of Mark Ruffalo and Emma Stone. “Silencing artists because of government policies closes conversation. And don’t we need to keep that open?”

It is a principle, she says, that applies to the movie too. “I mean, you don’t have to agree with a government to hear the stories of its people.”

Cohen says the past year has unfolded a fresh post-traumatic process in her native country. “You couldn’t really grieve until all the hostages were home,” she says, alluding to the 251 people who have now all been returned home, or their bodies have. So really we’re not even at the end of the first year of grieving. And there will be many more years.”

But, she adds, “the movie offers a little hope. We want people to feel that after watching it too.”

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Matthew Lillard Speaks Out Against College Campus Rapists While Advocating for Trans Youth

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Matthew Lillard Speaks Out Against College Campus Rapists While Advocating for Trans Youth







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Alex Moffat, Julia Stiles’ ‘Unbearable Christmas’ Acquired by Vertical

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EXCLUSIVE: Vertical will be having an Unbearable Christmas this holiday season, specifically the comedy starring SNL alum Alex Moffat, Julia Stiles, Caroline Rhea, Mena Suvari and Emmy Award winner Stephen Root (Widow’s Bay).

In the pic, out-of-work weatherman Troy Tipton (Moffat) has one Christmas mission: get back the beloved teddy bear he pawned for holiday cash. With wife Becca (Stiles), mother-in-law Dawn (Rhea), and the kids in tow, Troy hits the road from Ohio to Florida in his old news van. But the family adventure gets even wilder when they discover the cherished bear is actually a priceless Teddy Roosevelt antique worth millions.

The movie reps the debut feature of writer director Kevin Cate. The feature will be released this holiday season in an exclusive streaming deal to be announced soon.

Rounding out the cast are Kennedy Moyer (Task, Roofman), Ben Lewis Doherty (Task, upcoming Focker-in-Law), Blake Sennett (3rd Rock from the Sun, Boy Meets World), and Valyn Hall (The Righteous Gemstones), with a cameo from every local weatherman’s hero, Al Roker. Cate co-wrote the screenplay with Sennett.

“I grew up on the holiday comedies you wore out on VHS – the ones you can quote to a complete stranger and they get it,” said Cate. “That’s what we set out to make: something quotable, rewatchable, and true whether you’re the kid in the backseat, the parent driving, or the grandparent complaining about both.”

“From the beginning, we knew we wanted this film in front of as many people as possible,” added Sennett. “That’s why Vertical won – they’re audience and artist-friendly.”

“Unbearable Christmas is one of those heartwarming movies destined to join the holiday rewatch canon,” said Vertical Manager of Acquisitions Rachel White. “Kevin has made the kind of big-hearted family comedy that’s all but vanished – hilarious, moving, and with an all-star ensemble firing on all cylinders.”

Pic was produced by Sennett and Cate under Cate’s indie banner Clinging Vine Films, with Rick Kearney, Stiles, and Moffat executive producing.

The deal was negotiated by White and SVP of Acquisitions Tony Piantedosi on behalf of Vertical and Jason Ishikawa and Isadora Johnson of Cinetic Media on behalf of the filmmakers, with legal services by Knol Hanly Garrett.

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