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Welcome back to another summer Sunday at What I’m Hearing.
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I often get messages on LinkedIn, a platform I mostly ignore, but no longer! I’ll post articles and podcasts as often as I remember, and you can message me there if you don’t like email/text or Twitter. Click here to follow me.
Also, I’ve had a few requests lately to speak/moderate at corporate functions this fall. I like doing that stuff, you just need to reserve me in advance so I can manage my calendar. Have your people get in touch with my people (fritz@puck.news) to book it.
Discussed in this issue: John Malone, Amandla Stenberg, Lindsay Shookus, Mooky Greidinger, Jeff Goldstein, Adam Aron, Brian Stelter, and a “moronic Polish bonkfest.”
But first…
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Who Won the Week: Kevin Warren |
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The Big 10 commissioner, months after adding the L.A. market with USC and UCLA, struck a seven year, $7.5 billion TV deal for football—the richest ever for a college conference—carving up games between NBC, CBS and...
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Cinemapocalypse Now |
After an awful August, this year’s box office will likely finish at about $7 billion—up from last year, but about a third less than in 2019. A third. For movie theaters, the only solution is full-scale reinvention, meme-stock nonsense, or, as is increasingly common, Chapter 11. |
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Let’s chart the current state of the movie theater business in two headlines, just a few days apart, both from The Wall Street Journal. Last Sunday: “Movie Theaters Plot Revival as Americans Show Up for Blockbusters.” And then on Friday: “Regal Owner Cineworld Nears Bankruptcy as Theater Comeback Lags.”
Got that? The Covid recovery is going great—so great that the world’s second largest theater chain is about to go bankrupt. That schizophrenia extends to the studios, too. “There’s no question that we’re coming back,” enthused Jeff Goldstein, the Warner Bros. distribution chief, in that first Journal piece, echoing what you will hear when you have lunch with any film executive. But that was followed closely by a more revealing quote, also from Goldstein: “What the audience is clearly telling us is they love the big-screen experience, but not for every movie.”... |
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FOUR STORIES WE'RE TALKING ABOUT |
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Neumann's Second Act |
Notes on Andreessen’s WeWork revisionism, Cohen’s meme stock rug pull, and more. |
WILLIAM D. COHAN |
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Stelter, Signing Off |
The CNN host and perceived Jeff Zucker mini-me is the latest casualty of the Licht era. |
DYLAN BYERS |
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Chapek's Second Guessing |
An erudite back-and-forth on the latest shake-ups to the streaming landscape. |
JULIA ALEXANDER & DYLAN BYERS |
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President Jill Biden |
Notes on the latest West Wing drama and Trump’s beef with Hannity. |
TARA PALMERI |
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