What I’m Hearing: Apple’s Come-to-Jesus Moment, Paramount Heretics & Globes Firings

Welcome back to What I’m Hearing, a proudly Met Gala-free safe space. Reminder: I’m at the Milken Conference tomorrow for my panel. I heard Apollo hosted a nice rooftop party tonight, though my spy did not see Shari Redstone. Programming note: If your friends or family are confused by the Paramount saga, I slowed it down on the Today, Explained podcast. Meanwhile, on The Town, Lucas Shaw and I debated why The Fall Guy underperformed and eulogized Paramount’s C.E.O.
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Programming note: If your friends or family are confused by the Paramount saga, I slowed it down on the Today, Explained podcast. Meanwhile, on The Town, Lucas Shaw and I debated why The Fall Guy underperformed and eulogized Paramount’s C.E.O.; Bill Simmonspredicted Comcast would outbid WBD for NBA rights; and Scott Mendelson and I revealed our Summer Box Office Confidence Scale. Subscribe here and here.

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Discussed in this issue: Tim Cook, Warren Buffett, Shari Redstone, Ari Emanuel, Adam Aron, Adam Novak, Adam Driver, Eddy Cue, Kevin Costner, Kim Godwin, Jessie Henderson, Tom Freston… and a Golden Globes firing spree.

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Apple’s Come-to-Jesus Moment for Movies

The tech powerhouse’s film efforts aren’t profitable in theaters, nor are they finding much of an audience on streaming. But Tim Cook and Eddy Cue aren’t pulling the plug on theaters yet—at least, that’s what Zack Van Amburg and Jamie Erlicht are telling people.

MATTHEW BELLONI

Zack Van Amburg and Jamie Erlicht, the stewards of Apple’s 5-year-old foray into Hollywood, were summoned to Cupertino last month for a curious sit-down. Tim Cook was there, I’m told, as was services V.P. Eddy Cue, the overseer of the content initiative and the Apple TV+ streaming platform. Budgets were on the agenda, of course, as was the breakdown in content spend between series and films. And notably, Cook and Cue are said to have asked some very tough questions about the company’s recent...

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FOUR STORIES WE’RE TALKING ABOUT

Shari’s Choice

Could the brutal Paramount M&A process end without a deal?

WILLIAM D. COHAN

The A.I. Rat Race

Inspecting Google’s burgeoning existential threat.

BARATUNDE THURSTON

Gigaweek Sneak Peek

Cataloging the art market’s $1.2 billion fantasy.

MARION MANEKER

Ivanka’s Trial Balloon

Revealing Ivanka Trump’s political reawakening.

TARA PALMERI

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