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]
- Second Opinion – Storks (2016) (From Flickeringmyth. 21 October 2016, 1:00 AM, PDT)
- Godzilla and King Kong Writers Room Planned (From MovieWeb. 20 October 2016, 7:51 PM, PDT)
- Fantastic Harry Potter Posters and Where to Find Them (From Indiewire. 20 October 2016, 3:56 PM, PDT)
- Paolo Sorrentino at Work on Second Season of ‘The Young Pope’ TV Series (From Variety - TV News. 20 October 2016, 5:22 AM, PDT)
- Ex-Fox News Chief Roger Ailes Will Be Subject of Proposed TV Mini-Series (From Variety - TV News. 19 October 2016, 10:19 AM, PDT)
- Final Presidential Debate Throws Spotlight on Chris Wallace, Fox News Channel (From Variety - TV News. 19 October 2016, 7:12 AM, PDT)
Home Box Office (HBO) [us]
- Chris Spadaccini Replaces Pam Levine As HBO Marketing Boss (From Deadline TV. 17 October 2016, 10:15 AM, PDT)
- HBO Taps Chris Spadaccini as Head of Marketing (From Variety - TV News. 17 October 2016, 10:02 AM, PDT)
- Issa Rae on HBO’s ‘Insecure’: ‘Started From YouTube, Now We Here’ (From Variety - TV News. 7 October 2016, 11:39 AM, PDT)