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Mar 31, 2025

What I'm Hearing...
Matthew Belloni Matthew Belloni

Welcome back to What I’m Hearing, coming to you from CinemaCon and the glorious opening night Sony
presentation at Caesars Palace. (Four Beatles movies in one month! In 2028!) With domestic box office now trailing 2024 by 11 percent and pre-Covid 2019 by a whopping 39 percent, it should be an interesting week. I’ll be in Vegas until Thursday, drop me a note if you’d like to meet up at the Lisa Vanderpump bar or see David Copperfield together.

Tonight, Kim Masters is back with some (fairly scathing!) thoughts on agent turned
media/sports mogul Ari Emanuel and his, uh, evolving views on unacceptable public behavior. Plus: the latest on the Warner Bros. Mike and Pam saga (and who Zaslav is talking to for their jobs), Paramount’s new cash grab, some feedback on Jen Salke’s ouster, and much more…

Programming note: This week on The Town, Dude Perfect C.E.O. Andrew Yaffe
explained why top YouTubers are staging their own upfront event, and the Entertainment Strategy Guy broke down the hits and misses of the Salke era at Prime Video. Subscribe here and here.

Not a Puck member? Just click here. Got a news tip or an idea for me? Just reply to
this email or message me on Signal at 310-804-3198.

Discussed in this issue: James Packer, Jonathan Majors, Taylor Sheridan, Jason Statham, Pam Abdy, Ari Emanuel, Scott Rudin, Rob Manfred, Jeff Shell, Will Smith, Mary Parent, Roy Price, David Zaslav,
Taylor Tomlinson, Ted Sarandos, Sly Stallone, Seth Rogen, Greg Hessinger, Dana White, David Ellison, Phoebe Waller-Bridge, Teddy Schwarzman, Mike De Luca, Jen Salke, and… the exec behind the “it’s my job to ruin movies” line from The Studio.

But
first…

 

Who Won the Week:
Stephen Graham and Jack Thorne

Netflix’s Adolescence creators (Graham co-stars) have the number one show in the world, with 66.3
million hours viewed in its first two weeks, as the teen violence drama sparks the kind of Times think pieces and Elon tweets that lead to Emmy buzz.

Runner-up: Jason Statham, whose $15.2 million debut for Amazon MGM Studios’ A Working Man continues the Beekeeper hot
streak.

    • Worth noting: Statham doesn’t do direct-to-streaming movies, so if his fans want to see him first, they need to go to theaters.
    • Also worth noting: Statham doesn’t have an agent or manager pushing him into streaming movies for the immediate up-front cash. (His lawyer does his deals.)
    • Worth further
      noting
      : A Working Man co-financier Teddy Schwarzman also quietly put up the P&A for October 8, Wendy Sachs’ documentary about antisemitism on college campuses. After being rejected by Sundance and other fests, the film has grossed more than $1 million in theaters via Tom Ortenberg’s Briarcliff distributor. Not bad…

Second runner-up: Jared Polis, the Colorado governor, who swiped Sundance from Utah
and now gets to spend 2027 and beyond complaining about the L.A. assholes who invade Boulder every January.

A little more on ‘Adolescence’…

With the algorithm working overtime, the latest “surprise” Netflix hit could soon rival its most-watched originals ever. This chart from Puck’s Julia Alexander reveals week-to-week growth in global views compared to shows like Squid Game and Stranger Things…

 

Paramount’s
Skydance-Approved Cash Grab

That Journal
report this week on the jockeying between Paramount and NBCUniversal over Yellowstone was interesting, but not because they’re fighting over the definition of a “spinoff” (I reported on that in December). More intriguing: Paramount is looking to ramp up licensing of its Paramount+ shows, including the Taylor Sheridan–produced hits that have defined the service. It’s part of the hottest trend in streaming: Subscale outlets like Par+, Peacock, and Max increasingly debut homegrown content on their own platforms, then quickly license it off to Netflix and Amazon for cash.

Kim Masters tipped me last week that the
Paramount licensing team was in the market with a major package of shows and movies to be sold globally—some to air very soon after they appear on Par+—and Netflix, Amazon, and Max were all taking a look. Skydance’s David Ellison, who can get involved before he actually owns the company because this would be a massive, “material” deal, has blessed the ramp-up in licensing, part of his and Jeff Shell’s efforts to better monetize Paramount’s assets
post-close. (Skydance declined to comment.)

The Netflix angle is intriguing because it’s no secret that content chief Bela Bajaria and film leader Dan Lin aren’t happy with the streamer’s expensive deal with Ellison’s Skydance Animation, run by John Lasseter. At the same time, Ellison and Shell would like the first window on those animated films put through the Paramount theatrical pipeline. According to sources, Netflix asked that a
renegotiation of the Skydance Animation deal be tied to a new Paramount licensing arrangement, but Paramount rejected that idea on the theory that there’s no point in giving Netflix a discount on a current deal just so Bajaria can put more money into shows and movies from Paramount. So Paramount is waiting for a cash offer from Netflix while also exploring what Amazon and Max will pay for those sweet, sweet Sheridanverse shows (and other stuff).

OMEGA
OMEGA

Sheridan, for his part, is said to not be thrilled that the incoming Paramount regime is already
looking at leveraging his hits to shore up weaknesses elsewhere, namely at Skydance Animation. Rumors are also flying that Ellison and his incoming streaming chief, Cindy Holland, are looking to make shows for less money. Holland, in meetings with creators and agents, has been saying her target is around $9 million per episode, according to sources. Sheridan’s shows, thanks to the star power and extensive location shoots, typically cost between $12 million and $16 million an
episode. (Sly Stallone, for instance, is making nearly $2 million per episode for the upcoming third season of Tulsa King.)

Sheridan’s shows cost more but also rule the ratings, of course, with Landman, Lioness, Tulsa King, 1923, and the Costner-free Yellowstone all charting over the past year, despite Paramount+ (and Paramount Network, in the case of Yellowstone) being available in
fewer homes than Netflix or Amazon. The last thing Ellison wants when he takes over Paramount is to lose its top creator. Or does he care? Maybe those cost concerns will trump the ratings. Seems like Paramount has one great thing going for it, but Sheridan’s deal is up in 2027.

 

Quote of the Week

“For $40 million, I hope it’s great.”
—Ted Sarandos, the Netflix co-C.E.O., at a Paley
Center Q&A, with the perfect answer to the question of whether Amazon overpaid—cough, bribed, cough—for the Melania Trump documentary.

Runner-up: “Very, very rarely.” —Scott Rudin, the producer, when asked in this choreographed “I’m back” profile in the Times whether he threw objects at people in his
office.

More: Rudin has been prepping his theater slate for a while in advance of this story. He’s also got a number of film projects he hasn’t gone public with, especially at A24. Countdown until that announcement…

Second runner-up: “I think that in the long run The Alto Knights will have the same kind of long-range audience acceptance.”
—Irwin Winkler, in the Times, hilariously
comparing his now-infamous flop to Goodfellas, which he also produced, and defending Warner Discovery C.E.O. David Zaslav as “a really, really great executive.”

A little more on the Warner Bros. saga…

The drumbeat in Burbank grew louder this weekend as Bloomberg
reported that Zaslav is “meeting informally” with potential replacements for Mike De Luca and Pam Abdy at the film studio. No names in that report, and Zaz’s P.R. guy, Robert Gibbs, went on the record to say nothing is “imminent”—an interesting choice of word. I’m told
Zaz’s initial outreach list included Legendary’s Mary Parent, among others. (Gibbs didn’t respond when I asked; Legendary declined to comment.) While the flops are piling up, the spending is outsized, and everyone who has lunch with Zaz tells him he’s getting fleeced, I actually don’t think he will make a change before seeing how Superman does in June.

Ironically, that’s from DC, so it’s not a Mike and Pam movie, but Minecraft will likely open fine this
weekend. (I saw it yesterday. Kids will like it, but it’s strange that Warners didn’t even really try to appeal to adults, despite a $150 million budget.) Then there’s Ryan Coogler’s Sinners (April 18), which is tracking between $30 million and $40 million and, with a supposed $90 million budget, will probably do okay enough to avoid the flop narrative. Then if Superman performs in June, that takes a little heat off until the make-or-break moment: Paul
Thomas Anderson
’s $150 million One Battle After Another in late September. Will Zaz wait that long? If Sinners flops, that’s likely dispositive. But if it doesn’t… That’s likely why Warners, which has skimped on marketing recently, has already turned on the marketing spigot for the P.T.A. film during March Madness.

And now, here’s Kim…

Ari’s New Entourage

Ari’s New Entourage

How does the creative community square the righteous Ari Emanuel—the feminist, Democratic megadonor, and #MeToo advocate—with the
real-life, ethically flexible MAGA-era version? “That is the ultimate hypocrisy of this town,” as one source put it.

 
Kim Masters Kim Masters
 

For decades, Ari Emanuel has positioned himself as a righteous, truth-to-power guy who
wasn’t afraid to call out shitty behavior. He once vehemently vetoed the idea of Endeavor representing Roman Polanski. (“He said no way, over my dead body,” recalled a former colleague.) At a 2022 Bloomberg event, he declared that CAA’s Bryan Lourd and Kevin Huvane should be put on leave and “investigated” for allegedly sending female clients to Harvey Weinstein in a manner he analogized to Ghislaine Maxwell’s
role as procurer for Jeffrey Epstein. More recently, Ari took the rare step of going on the record to confirm that his WME agency had dumped Justin Baldoni as a client when Blake Lively accused him of misconduct. (Surely that had to do with Ari’s principles rather than the fact that Lively is married to rainmaking client Ryan Reynolds…)

Pretty strong stuff. But like many executives in Hollywood and elsewhere,
Ari’s politics have grown more complicated as he reached for moguldom and barrelled toward billionaire status. Ari was fine partnering with Vince McMahon, who served as executive chairman of TKO, which owns WWE and UFC, until The Wall Street Journal reported in February 2022 that he was being
investigated for sex abuse and sex trafficking. (McMahon denied the allegations.) McMahon’s alleged behavior was hardly news to Ari or to anyone paying attention. TKO had warned in a securities filing that McMahon’s presence on its board could result in bad publicity, and that “further allegations and investigations may have an adverse financial and operational impact” on the business. UFC also has yet to cut ties with mixed martial artist Conor McGregor, who has faced multiple
sexual assault allegations and was found liable last November for raping a woman in Ireland. (McGregor is appealing the verdict.) Retail giants in the U.K. and Ireland quickly dropped products related to the former UFC champion, but from Ari’s company? Crickets.

We don’t know whether Ari had any foreknowledge that UFC C.E.O. Dana
White
would welcome online misogyny peddlers Andrew and Tristan Tate to Las Vegas earlier this month, with the cameras rolling. A source close to Ari says he did not know about the visit, but given the toxicity of the brothers, it seems like something the C.E.O. of the UFC’s parent company should have known.

The brothers had been held in Romania for the past three years on
charges of rape, human trafficking, and money laundering, but got to take a spring break trip to the U.S. with an assist, it appears, from Trump officials. The Tates, who have operated various online businesses that appear to be aimed largely at teaching young men how to abuse women, have denied the charges. But
it’s no surprise that Andrew was name-checked in the brilliant Netflix drama Adolescence, which turns on the murder of a young girl.

“Welcome to the States, boys,” White gushed when the Tates showed up at a Power Slap tournament, chest-bumping and shaking hands with them. (White launched Power Slap—which is exactly what it sounds like—in 2023, days after he was caught on tape slapping his wife. It’s a side hustle for White, and is not part of UFC.) The Tates then
moved on to UFC 313, a spectacle so disturbing that it even drew the ire of some conservatives. “I’m done with @ufc,” read a post from influencer John Cardillo. “If @danawhite can’t draw a line and disassociate from trash who bragged on video about grooming and raping teen girls, it tells me all I need to know.” (The Tate brothers have since returned to Romania, where Andrew has said they intend to clear their names in court.)

I couldn’t help but wonder whether White was
thinking of working out some sort of gimmicky event with the Tates—Andrew was a kickboxer—but the source close to Ari said the UFC is not doing an event with the brothers. (Ari himself declined to comment.) A person close to White said he didn’t invite the Tates to the Power Slap or UFC events, citing a group of merry pranksters called the Nelk Boys, who posted a video to their 8.4 million YouTube subscribers showing the Tates’ Las Vegas appearances with the heading, “We Brought Andrew
Tate to the USA!”

Not depicted in the video: Andrew’s subsequent rendezvous with former girlfriend Brianna Stern at the Beverly Hills Hotel, where Stern alleges Tate choked and hit her head repeatedly during a violent sexual encounter. In a lawsuit filed last week, Stern also accused Tate of threatening to rape or kill her
if she ever betrayed him. (Tate’s lawyer said the claims were false and called the suit “a blatant cash grab.”)

“The Good Old Days Are Back”

As Ari has demonstrated in the past, his ethics can be situational. In 2022, he wrote an editorial calling out Apple, Adidas, and Spotify for doing business with Kanye West after the rapper posted an antisemitic tweet. “This is a moment in history where the stakes are high and being open about our values, and living them, is essential,” he wrote in the Financial Times. “Silence and inaction are
not an option.”

OMEGA
OMEGA

But Ari has been pretty silent about his friend Elon Musk. Rather than distancing himself
from Elon as he slashed his way through federal agencies, in February, Ari joined in Elon’s $97.4 billion bid to take over OpenAI. (Attorney Marc Toberoff, who represents Elon and Ari in the OpenAI litigation, has been working at times out of the Endeavor offices—strictly on WME business, says an Ari associate.) And though Ari felt comfortable demanding that other businesses stand up against antisemitism, he has yet to utter a syllable in public about Elon’s tweets promoting the
antisemitic “great replacement” theory, or about his endorsement of the extremist AfD party in Germany, whose members have used Nazi slogans.

Ari’s capacity for forgiveness, too, seems to shift with the tides. WME dumped Mel Gibson in 2010, and Ari even wrote an editorial calling for Gibson to be shunned after the actor’s antisemitic outburst. But then he started
advocating for him after Ari decided—on what basis is unclear—that Mel had learned his lesson. (If Gibson has ever walked back his Holocaust denial, I’m not aware of it.) Ari made a point of returning a $400 million investment by Saudi Arabia after the brutal murder of Jamal Khashoggi, but then got back into bed
with the Kingdom via Endeavor’s purchase of WWE. (Disclosure: WME represents Puck.)

“None of Them Care”

As a reporter who covered a number of #MeToo stories, it’s painful to take stock of where we are now.
Ironically, after the sight of Trump in the White House helped ignite the movement, the backlash helped propel him right back into the Oval Office. Accused predator Pete Hegseth was confirmed as Defense secretary, Baldoni has become a cause célèbre on the right, and one of the director’s defenders, Candace Owens, recently debuted a project to exonerate Weinstein, whom she has called “a victim of the justice system.” (Hegseth, who was
never charged, has referred to a 2017 allegation of sexual assault as a “nuisance claim.”)

And then there’s the administration’s role in bringing us the spectacle of the Tates flying around the country in a private jet on a sojourn that included a visit with Kanye. According to the Tates’ attorney, they “talked for hours about the suffering and betrayals they’ve endured simply for achieving greatness on their own terms.” (Yes, starting at the top with Trump, the alleged perpetrators are
the real victims.) How inspiring that, in spite of all that, Andrew Tate has held on to his faith in the future. “The Tates will be free,” he tweeted at one point on Musk’s website. “Trump is the president. The good old days are back. And they will be better than ever. Hold on.”

It certainly seems that the old days are back. Trump has been waging a jihad against D.E.I., and last week, F.C.C. chairman Brendan Carr opened an investigation into Disney’s practices even though
the company has jumped through hoops to placate the administration. Carr already ordered an inquiry into Comcast and NBCUniversal in February. (Won’t it be fascinating to watch Carr and his minions try to build a case that Donna Langley was a D.E.I. hire?)

When the #MeToo movement sprang into being, the reaction in Hollywood was explosive. Now one wonders how people like Lively and Reynolds square Ari, the supporter of allegedly wronged women, with the guy who runs a
company where a top executive welcomed the Tate brothers to Las Vegas. One former WME insider says he’s surprised that clients at the agency seem to accept such shifting ethics—though most, of course, are not personally dealing with Ari. “You would think there would be some actors who would go, ‘I don’t like the fact that Ari Emanuel is friends with Elon Musk,’ but none of them care,” he says. “They don’t care! That is the ultimate hypocrisy of this town.”

 

Matt’s Reading List…

Doug Shapiro argues why top talent will soon embrace A.I.
[Mediator]

Not surprisingly, Roy Price, the pre-Salke head of Amazon Studios, has some thoughts on how “Amazon can stop losing in TV.” [Price Point]

MLB’s opening day games on ESPN hit multiyear ratings
highs in the final year of a TV deal that Disney says it won’t renew. Conspiracy theory: MLB commissioner Rob Manfred has ordered up a juiced ball to increase home runs and, hopefully, ratings to generate a big new deal—and an eff you to Disney. [Sports Media Watch]

Will Smith raps
about The Slap on his new album. Feel free to throw up a little before listening. [NBC]

Did Jonathan Majors’ consultant-managed comeback press tour actually work? [Vulture]

Peter Kafka argues that
we’re still not paying enough attention to YouTube. [Business Insider]

As CBS cancels Taylor Tomlinson’s 12:30 show you forgot existed, Bill Carter suggests just reairing The Daily Show.
[Late Nighter]

Seth Rogen amusingly outed Steve Asbell, now president of 20th Century Studios, as the executive who once told him, “I fear it’s my job to ruin movies.” [Late Show]

Update those meme
accounts, unemployed WGA members! Carol Lombardini’s successor as studio pain sponge—sorry, lead labor negotiator—is Greg Hessinger, a Mitchell Silberberg partner who advised the AMPTP and worked for both SAG and AFTRA pre-merger. He’s also a SZA fan. [THR]

James
Packer
, the Australian billionaire, Murdoch friend, and, uh… former associate of Charlotte Kirk, just paid $110 million for a Bel Air mansion. [Real Deal]

Correction of the week:
From the Washington Post: “A previous version of this article incorrectly described Graydon Carter’s outfit at his book party. He was wearing a custom Anderson & Sheppard brown corduroy
jacket, not a cream-colored suit.”

 

The Feedback

As you might guess, the Jen Salke firing at Amazon dominated my messages through the weekend. Some
examples…

“It says a lot about our business that one can reach Salke’s level without reading [scripts] or calling people back. The business is littered with people that want certain jobs but don’t actually want to do the work associated with them. Her executives felt it the most. You had one of the greatest spends ever on film and TV being led by somebody who didn’t have a creative true north. The result is what you got: directionless, with no identity and nothing that stood out.”
—A manager

“This isn’t a sign of weakness. Mike [Hopkins] sees that Prime Video is driving signups internationally, it’s profitable now and a growth engine, and he sees opportunities to do more than they are doing. [Salke] was always protected by Bezos, but that ended after Bond.” —A producer

“Does this mean Jen will now return my call from six months ago?” —An agent

“Jack Ryan and The
Boys
greenlights predate Salke, so even giving her credit for those is generous. I kind of forgot the hiring process with her: Amazon absolutely was dead set on hiring a woman in the wake of Price’s firing, and multiple rumored people passed before they landed on Salke (and tried to make it seem like she was a top choice).” —An executive

Finally, on the Amazon front, a little news…

 

Amazon Quietly
Re-upped Phoebe Waller-Bridge Again

I noted on Thursday that Salke signed Fleabag creator Phoebe Waller-Bridge to a
massive $20 million overall deal in 2019, then got exactly zero shows out of it, then re-upped her in 2022… and has gotten more of nothing, including the long-gestating Tomb Raider series. Since then, I learned that Amazon recently re-upped Waller-Bridge again. But this time the deal was converted from an exclusive overall deal to a nonexclusive first look… for significantly less money.

 

Have a great week,
Matt

Got a question, comment, complaint, or a menu recommendation for the
Netflix Bites popup at the MGM Grand? Email me at
Matt@puck.news or call/text me at 310-804-3198.

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