From the time the first movie studios were founded, Wall Street has viewed the entertainment business somewhat like the Tea Party views Washington: Spending is too high, ambitions are too grandiose.
That’s why investors see the continuing wave of executive changes in Hollywood as propitious, while Hollywood sees corporate turbulence as disruptive and counterproductive.
The body count lately has been especially high among production and marketing chiefs: Adam Fogelson and James Schamus at Universal, Marc Weinstock at Sony, Jeff Robinov at Warners, Tom Rothman at Fox, Terry Curtin at Relativity, Oren Aviv and Tony Sella at Fox, Eric Kessler at HBO, among others. The TV seas, too, have been stormy.
Here’s the anomaly: All of these executives arguably were doing a damn good job. Fogelson’s most recent slate at Universal was successful. Schamus was a defining force at Focus in the culture and commerce of cinema. Further, »
- Peter Bart
Similar News ItemsWarner Bros. [us]
- [Media] - "Mad Max: Fury Road" TV Spot Explosion (From OhMyGore. 18 January 2038, 8:14 PM, PST)
- Friday Box Office: 'Home' & 'Get Hard' Open Strong; 'It Follows' Gets Decent Results (From Thompson on Hollywood. 28 March 2015, 10:47 AM, PDT)
- Friday Box Office: DreamWorks Animation’s Home Takes Down Get Hard on Opening Day (From Collider.com. 28 March 2015, 9:16 AM, PDT)
- It's David Cameron vs Ed Miliband: Here are the best Twitter reactions (From Digital Spy - TV news. 26 March 2015, 4:15 PM, PDT)
- The BBC drops Jeremy Clarkson - as it happened (From The Guardian - TV News. 25 March 2015, 9:58 AM, PDT)
- Michael Wolff on Liberty's John Malone: What Is He Actually Hunting? (From The Hollywood Reporter. 25 March 2015, 7:00 AM, PDT)
- Box Office: Rihanna and J-Lo power 'Home' to no. 1 Friday over 'Get Hard' (From Hitfix. 28 March 2015, 12:01 PM, PDT)
- Shrek cameo planned for Puss In Boots 2? (From Digital Spy - Movie News. 27 March 2015, 3:16 PM, PDT)
- Box Office: 'Home' Soars Friday for $50M-Plus Debut (From The Hollywood Reporter. 27 March 2015, 7:51 AM, PDT)