Category: Entertainment

MarketWatch's news department was not involved in the creation of this content.

March 2, 2023 (Prime PR Wire via Comtex) – This entertainment market research examines the market and provides insights to help meet the challenge. This report has 142 pages.

Market intelligence and market coverage are essential components of any successful business strategy, and this is especially true in the competitive world of the entertainment market. Entertainment market analysis includes gathering and analyzing data related to the entertainment market, such as customer behavior, industry trends, and competitor activity. This data can be used to provide market insights that can help make trading decisions and improve overall performance.

Market coverage of the entertainment market involves a comprehensive understanding of different customer segments and their needs. This understanding is used to develop effective marketing strategies and ensure businesses are targeting the right customers with the right products and services. Market coverage also includes identifying and building relationships with key players in the industry, such as suppliers, distributors and other stakeholders.

To succeed in the highly competitive entertainment market, it is important to have a deep understanding of the market landscape and use that knowledge to develop effective business strategies. Using market analysis and market coverage, companies can gain market insights that help them make better decisions and better serve their customers.

The global entertainment market size is projected to reach several billion by 2030 compared to 2021, with an unexpected CAGR of 2023-2030 (request a sample report).

MarketWatch's news department was not involved in the creation of this content.

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HYBE Corp., the talent firm behind K-pop sensation BTS, has launched a campaign to woo shareholders of rival Korean talent empire SM Entertainment, in a bid to become the sole largest shareholder.

In a set of letters and videos released Thursday, HYBE said it had launched a campaign website detailing its business strategy and how to prioritize SM shareholders.

More than variants

The document directly criticizes SM's current management and also attacks Korean entertainment technology giant Kakao, which recently formed an alliance with SM.

“The HYBE campaign aims to protect shareholder value from the inappropriate actions of current SM management. This is about ending one-sided partnership deals with Kakao, unrealistic and unsubstantiated financial projections, and emotional messages that cloud public opinion, all initiated by current SM management,” HYBE said.

A week ago, HYBE said it had overpaid its 14.8% stake in SM and hoped to finalize the legal aspects of the deal by March 6, ahead of schedule.

The company bought the majority of the 18.7% of SM shares held by SM founder Lee Soo Man. The deal is valued at $336 million (KRW 423 billion), valuing SM Entertainment at $2.27 trillion. Lee has the option to sell his remaining shares to HYBE within one month at a specified price.

HYBE has also offered to buy 25% of the company's shares from other shareholders.

Controversy erupted on multiple fronts shortly after HYBE announced a stock purchase deal with Lee in early February. This included revelations about other Lee-controlled companies' financial and business ties to SM Entertainment and vocal protests by SM Entertainment employees against what they saw as a takeover by HYBE.

the story continues

In February, about 208 SM employees signed an open letter calling Lee's activities "unlawful tax evasion."
SM staff also scoffed at HYBE's suggestions that the two groups could act together or that HYBE would be the biggest supporter of the new SM 3.0 strategic plan. They argue that HYBE will always favor affiliates and record labels that have a higher share of ownership.

“HYBE and SM are the two biggest competitors in the industry,” SM said in a letter Wednesday.

SM currently represents K-pop groups such as Super M, Aespa, BoA and Red Velvet.

HYBE represented BTS and Tomorrow X Together under their Big Hit Music operation, Enhypen under their joint venture Befit Lab with CJ ENM, Le Sserafim under Source Music, and found new success with the girl group upstarts NewJeans.

The feud between HYBE, the late Lee and current SM management is further complicated by the arrival of Kakao, a $22 billion internet conglomerate with interests ranging from social media and messaging to games and video production. , television and webtoons.

In early February, it was revealed that Kakao had acquired a 9.05% stake in SM, making it the second largest shareholder behind HYBE.

It was later revealed that Kakao, its subsidiary Kakao Entertainment, and SM had signed an agreement that would have given Kakao exclusive rights to distribute albums and music from SM artists. At the corporate level, the deal gives Kakao and Kakao Entertainment the privilege to purchase new shares in SM.

"The business partnership agreement includes the vision and future direction shared by Kakao, Kakao Entertainment and SM Entertainment," Kakao Entertainment CEO Kim Sung-soo said in a statement in February. “We plan to consult with individual companies to develop a favorable structure for all companies and to sign agreements based on fair contractual conditions.

HYBE denied a hostile takeover. Cocoa, however, avoids using the term "poison pill tactic".

But Kim made little effort to hide the effect of the deal on delaying or stopping SM's potential takeover by HYBE. He said the preference clause was "part of the anti-dilution provisions for minority shareholders to avoid the loss of the value of their investment", denying that such a move would reduce SM's profits.

On Wednesday, the current management of SM launched its campaign to retain the support of small shareholders. He sent a letter to shareholders, promising them a dividend of KRW 1,200 ($0.9 per share) and asking them to reject Lee's bid for the company. SM's shareholders' meeting is scheduled for March 31.

HYBE has named two of its senior executives as future members of the SM Board of Directors: Jung Jinsoo, HYBE's Chief Legal Officer, and Lee Jaesang, President of HYBE America.

HYBE asked Kakao to clarify whether he intended to participate in SM's day-to-day operations, criticizing the original stock purchase clause as inappropriate for a public company.

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EXCLUSIVE: Los Angeles-based sales and distribution company Level 33 Entertainment has acquired the US rights to Canadian-Salvadoran director Patricia Chica 's Montreal Girls .

Newcomer Hakim Brahimi plays Rumi. A conservative youth embarks on a journey of self-discovery through Montreal's free-spirited subculture in search of love and enlightenment.

Bahijah Essouci and Samuel Gagnon of Montreal Girls Objective 9 are producing the film with Patricia Chika's production company Flirt Films. Chika also wrote the screenplay with American writer and director Kamal John Iskander.

The film deal was negotiated between Paul Kadier, Canadian distributor and executive producer of FilmOption International, and Andreas Olavaria, president and CEO of Level 33 Entertainment.

Patricia Chica's unique voice perfectly captures the passion and entertainment value of her independent film debut. Level 33 is honored to present this inspiring film to an American audience,” said Olavaria.

The film premiered last August at Cinequest in San Jose and won the Best Feature Film award at the Los Angeles International Film Festival in November.

In addition to Brahimi, Montreal Girls features veteran Canadian actors including Yasmina Parent, Sana Assad, Zed Hassouni, Thomas Vallière, Guillaume Rodrigue, Simon Therin, Marina Harvey and Nahema Ricci, as well as veteran Kibi Tanma. Ricky Chadi Alelu and Martin Dubreuil.

The film was made with financial support from Telefilm Canada, SODEC, and the Harold Greenberg Foundation, as well as national and regional tax incentives.

Executive producers Paul Cadier and Maryse Rouillard acted as investors through distribution company FilmOptions International.

The film also benefited from the ongoing TIFF Filmmaker Lab, USA + Canada, an award from the Polish studio ORKA which allowed the visual effects and animation for the title, and was supported by CFC/Slaight Family Canadian Music. Funds, ChicArt and flirting films.

Patricia Chica is represented by Alex Flores of Mojo Global Arts in Los Angeles.

Eminem – Without Me (Official Video)

© TheWrap courtesy of Curtis-50-St-Jackson

Curtis "50 Cent" Jackson has signed a non-exclusive direct deal with Fox Entertainment, the network announced Tuesday.

Under the terms of the deal, the Emmy and Grammy-winning producer, director, actor and rapper will create dramas, comedies and animated series through his production company G-Unit Film & Television, said Michael Thorne, Fox's head of scripted programming. . . Entertainment.

In 2005, Jackson became hip-hop royalty by founding G-Unit Film & Television, which produced the Starz film Power, in which Jackson co-starred, executive produced and directed. He later expanded the Power universe with Power Book II: Ghost, Power Book III: Rising Kanan, and Power Book IV: Force. The production company produced ABC For Life and Black Mafia Family for Starz, and currently produces Fightland and Queen Nzinga for Starz.

"Whether it's music, film or television, Curtis always delivers top-tier entertainment that captivates millions of fans around the world," said Thorne. "He is a rare multi-hyphenate at storytelling, regardless of format or medium, and we look forward to working with him and his team to develop exciting new series for FOX."

Under the deal, the series will air on Fox, the owner of Fox Entertainment Projects. Under the agreement, each series will be co-produced by Fox Entertainment's own division, Fox Entertainment Studios, along with G-Unit Film & Television.

“I am excited to form a partnership with Michael Thorne and FOX that will allow G-Unit Film & Television to focus on delivering multiple series on Fox, the perfect outlet for G-Unit's film and television content, while maintaining our streaming platform. premium. Addresses. Produced and unproduced shale continues to grow in all directions,” Jackson said.

In addition to Jackson, Fox Entertainment recently hired Rodney Rothman and Adam Rosenberg to produce animated shows for Fox, signing deals with producers Carol Mendelsohn and Julie Weitz, and writer-producer-director McGee.

Jackson is represented by APA, AKR PR and attorney Steven Sava.

© Available until deadline

MakeMake Entertainment has announced the opening of the MakeMake Residency category.

Supported by a network of leading culture-changing organizations, including the Ghetto Film School, UCLA Center for Scholars and Storytellers, Storyline Partners, Chicken & Egg Pictures, and more, the program received enthusiastic feedback from over 500 applicants.

The five residents chosen to star in the show are Adiana Rivera (Editor), Mohammad Rahman (Editor), Jason Gaines (Design and Visual Effects), Pilar Fitzgerald (Sound Control) and Anverne Aguado (Production).

Dr. Jennifer Sophia Hall says: “As residents explore their interests in creative ways, they have the opportunity to gather meaningful resources and industry knowledge, preparing them for a productive path. We are grateful to our partners at Netflix, whose support allows us to continue our commitment to the future of the industry."

The nine-month paid residency program is designed to pave the way for a diverse group of professionals working in the entertainment industry. Focus is on editing, visual effects, design, sound management and production. Netflix is ​​dedicated to helping create new opportunities for underrepresented communities in entertainment, supported by the program's lead partner, the Netflix Fund for Creative Equity.

Working directly with MakeMake artists and producers, residents will participate in the company's unique multidisciplinary approach and are already working on active projects at the studio that include documentary content, screenplays, feature titles, entertainment marketing and global advertising.

Led by Residence Directors Liath Rubin and Bedonna Smith, Lead Talent Anne Hwang, and Executive Director Jennifer Sophia Hall, the program includes one-on-one training with MakeMake professionals, internal and external speaker events, career development, and interaction with major organizations. . Studio staff and a wide range of clients. Throughout the program, participants will work on the craft of storytelling and continue to develop the skills necessary for success. Evaluators will collaborate with the entire MakeMake family of companies, including Rock Paper Scissors, Elastic, a52, Primary, Jax, Indestructible, and MakeMake Entertainment.

"We are delighted to welcome Pilar, Adi, Moh, Anferni and Jason to the studio," said Angus Wall, founder of MakeMake. “We are very grateful for the opportunity to learn from these five designers who will help shape the future of our company. We look forward to developing our future residency program and our partners with Netflix.” For their vision and continued support.”

More about MakeMake Residency:

Permanent editor: Adiana Rivera is a documentary filmmaker and Bronx native. Diana's work focuses on identity, promotion, community and culture. His talents include cinematography, photography and video editing.

Resident Production. Anferni Aguado (she) is from Los Angeles and has been a film/video producer for three years. He has experience working on a variety of projects including music videos, short films and commercials. He looks forward to continuing his career and growing as a professional.

VFX Design & Resident. Jason Gaines (he) is a self-taught director, director and VFX artist. Born and raised in Detroit, Michigan, he began independent filmmaking after high school, working on everything from music videos to feature films, sketches, and commercials. Inspired by early 2000s YouTubers like Corridor Digital & Dormtainment, Jason's passion for content creation crystallized. Jason enjoys creating VFX content for social media, sharing his short films on YouTube, and working on feature films.

Permanent editor: Muhammad "Muhammad Rahman" is the editor-in-chief of Astoria, Queens. He has been in the industry for five years and has edited everything from commercials to feature documentaries. His early influences include Mighty Morphin Power Rangers, Pokemon (Kanto – Sinoh) and late night movie segments on PBS. These days he's watching movies like Drive to Survive and How to with John Wilson and Mike Leigh.

Sound Curation Resident. Pilar Fitzgerald (he/she) is a musician who is passionate about the intersection of diversity, discovery and curation. After working in event management at Harvard College, Pilar joined National Public Radio's growing events team, where she oversaw a variety of events and editorial programs, most notably the annual Small Desk Competition. Pilar's dedication to helping artists grow eventually led him to attend Berklee's Master's Program in Global Entertainment and Music in Valencia, Spain. He is interested in delving into visual media music and learning more about the creative elements that bring visuals to life.

MakeMake Entertainment produces award-winning feature films, TV shows, commercials, trailers, titles and more. Projects include Jennifer Lopez's Netflix documentary Midnight Is This Black Enough for You?!? and Freedom on Fire. Ukraine's Fight for Freedom Titles for HBO's The Last of Us and Hulu's Only Murders in the Building Avatar. Wasser Wasser Nike You Can't Stop Us Nike FCs Visual Effects Welcome to Soccer World for Taylor Swift. Short Film : The company provided editing, design and visual effects for several commercials that premiered at NFL Super Bowl LVII.

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© according to the deadline

Disney is back to business as usual when it comes to content, creating a new Disney Entertainment division covering TV and movies.

Dana Walden and Alan Bergman will lead the new corporate division, separate from ESPN and the Parks, Experiences and Products division.

Walt Disney CEO Bob Iger announced the new structure as part of the company's "significant transformation" during the company's recent earnings call.

Related: Disney Restructuring and Earnings Report: Full Coverage

Disney is officially disbanding the media and entertainment division founded by former CEO Bob Chapek and led by Kareem Daniels, who left last year. This fragmented content and distribution decisions and took decision-making power away from the creative teams.

"Our new structure is focused on empowering our creative leaders and holding them accountable for the financial performance of their content," Iger said during the earnings call. "Our original structure has severed that connection, and it must be restored."

We're hearing that changes to all consumer streaming services like Disney+ and Hulu, but not ESPN+, will be implemented under the new division and are designed to put more power in the hands of creative leaders. .

Still, the company faces thousands of layoffs, and it's unclear how many people will be in the entertainment division and $3 billion in content spending cuts.

Walden and Bergman, president of content for Disney Studios, which oversees the films, will serve as co-chairs.

It will confirm the introduction of Walden, who was named president of Disney General Entertainment Content after Peter Rice was ousted last year.

RELATED: Dana Walden's ' Get Up' Raises Question of the Age: Will Disney Have a Female Director?

Walden, who came to Disney from Fox following the company's $71 million buyout, has contributed to some of Disney's biggest wins in recent years, including Summer of the Soul's Oscar win and the ABC comedy series Abbott Elementary and Abbott Elementary. . . . Hulu has made hits like Murder, Dopesik, and Keeping Up With the Kardashians in a single building.

In September, he began orchestrating his first major personnel changes, promoting former FX chief Eric Schreier to president of Disney Television Studios and Business Operations, Disney General Entertainment and Craig Erwich to president of ABC Entertainment, Hulu and Disney Brand Television. Original and Shannon Ryan to President of Marketing, Disney General Entertainment.

It remains to be seen how the moves will change the management of various television properties, with several television studios hinting that 20th Century Television and ABC may be coming.

In December 2020, Bergman was named president of content at Disney Studios, reporting to Capcom. He previously co-hosted with Alan Horn from 2019.

A nearly 27-year Disney veteran, Bergman served as Disney's first co-chairman, overseeing content creation, production, marketing and operations for Disney Studios, including Walt Disney Animation Studios, Pixar, Marvel, Lucasfilm, 20th. Century. Studios, Spotlight and Disney Stage Productions. . As of 2019, he was the president of Walt Disney Studios for 14 years. Bergman is known for his financial savvy when it comes to creative content, and Disney's track record proves it, especially with movie returns. In the year In 2022, Disney Studios led all studios at the global box office with $4.9 billion.

Bergman's acquisition of Lucasfilm in 2012 and merger with 20th Century Studios in 2019 led Disney to a record $7 billion in worldwide sales in 2016 and 2018, leading to $11 billion in 2019 from Lucasfilm, Marvel, and Pixar. Disney cartoons and action movies.

Anthony D'Alessandro contributed to this report.

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Bob Iger is moving fast after returning to Disney.

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The return of Basil Fawlty. A reboot of John Cleese's British comedy Fawlty Towers is in development, and Rob Reiner's Castle Rock Entertainment is in development.

More than 40 years after the end of the second and final season, Monty Python star Cleese will co-write and direct with his daughter Camilla Cleese in a remake that will delight generations of British comedy fans.

The new series will explore how Cleese-hating, cynical and gay Basil Fawlty navigates the modern world. Plot details have largely been kept under wraps, but the development will push the story forward to explore Basil's relationship with a princess he's just discovered, as the pair defy fate and get together… run a small hotel.

The Cleese family partnered with Rainer's Castle Rock in development, with Rainer, Michelle Rainer, Derek Rossi and Matthew George serving as executive producers.

John Cleese praised George's "understanding" of the "creative process" and described their first meeting as "one of the best creative sessions I can remember".

Rob Reiner added: “John Cleese is a comedy legend. Just the thought of working with him makes me laugh', while George described meeting John and Camilla Cleese as 'one of the greatest thrills of my life'.

Castle Rock is currently working on another sequel to the popular British hit This is Spinal Tap, as well as the 2017 sequel Wind River. The Next Chapter

Despite only running two six-part seasons and ending in 1979, Fawlty Towers has been at the top of many lists of the best British comedies of all time.

Written by Cleese and Connie Booth, the show follows hapless hotel manager Fault and a hilarious cast that includes legendary Spanish butler Manuel (Andrew Sacks), Cleese's oppressive wife Sybil (Prunella Scales) and his maid Polly, played by Booth.

The idea came from Cleese, who was living in a hotel in an English seaside town, and the show defined the "Middle English" genre.

Fawlty Towers is currently broadcast on BBC Two and is available on BritBox.

Cleese, whose credits include Monty Python, A Fish Called Wanda and Shrek, has become a cult warrior in recent years. He recently criticized the BBC for not broadcasting reruns of Monty Python , a claim that has been denied. He is making a documentary for Channel 4 about the culture of abandonment and plans to host the right-wing British network GB News, which will campaign for freedom of expression.

Cleese is repped by CAA and Anonymous Content. Camilla Cleese Weintraub portrays Tobin Chedyak Coleman Grodin.

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John Cleese and Rowan Atkinson – Beekeeping

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AMC Entertainment said it will buy Saudi Entertainment Ventures' (SEVEN) investment in the film industry, Saudi Cinema Company, for $30 million.

AMC said the deal required a transition from a management and investment role in SCC to a "pure licensing relationship." Existing AMC Theaters and future venues operated by SCC will retain the AMC Cinemas name and other intellectual property under the license agreement.

The deal began in 2017, AMC signed a non-binding MoU with the Saudi Arabian State Investment Fund to host theatrical exhibitions in the Kingdom for the first time since the 1980s. In the year 2018, AMC held the first screening country cinema in Riyadh's King Abdullah financial district. Partnered with Saudi Entertainment Ventures to establish SCC to develop and operate multiple outlets across the Kingdom.

Over the next four years, AMC partnered with SEVEN to open 12 more locations, work in development, manage the business during Covid, and hire and train theater, management, and corporate operations staff.

"The association had two goals when it was created. First, to bring the films to the people of Saudi Arabia. Second, but not least, to train the management of the cinema and the corporate team so that in the future the company can be managed locally in the UK More than five years after we moved to Saudi Arabia and opened the first theater there It's been almost five years since this point, and this announcement and deal is the natural next step in that process.

"We have great faith in the team running these theaters and taking them to the next level as we envisioned when we started. We look forward to continuing our relationship with SCC and the wonderful people at SEVEN to bring the AMC movie experience to Saudi Arabia." public for years to come," he said.

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Gamestop (GME) and AMC Surge. What is this meme? | #Little

© Credits: Priyanka Kimani Instagram (Photo: Rohan Shrestha)

Priyanka Kimani's name is often mentioned in Indian entertainment circles, not because she is the face of a movie or her debut Netflix series, but because her company Kimani & Associates is known for her entertainment shows. Especially in music. Much of his legal practice has been devoted to high-profile product launches and mergers and acquisitions in the technology and entertainment industries. To set a good example, Kimani and his team arranged AP Dhillon's Chord for the Indian debut of the world famous Lollapalooza music festival this weekend.

Watch the video: Instagram live with entertainment advocate Priyanka Kimani

A variety of tools to legally create, distribute, protect artists' rights, and market music have improved the way artists can structure their recording careers today, shifting power from the music powerhouses to the artists themselves Kimani there. . .

However, she already had contact with the entertainment world before she became a lawyer, as she worked in various areas on the theater stage as an actress, director or producer. . He wrote screenplays for television and made his debut for a series on Zee TV at the age of fifteen. In fact, being independent was so important to her that she dabbled in many things, such as modeling, which she continued while she was in law school. After graduating, Kimani worked in a commercial disputes office, which paid her a fixed salary at the end of each month.

The famous Lata Mangeshkar who later ventured into the entertainment client business was his first client and through good word of mouth he began working with a list of other clients around the world. Film and television followed in the years that followed.

It recently introduced a new digital licensing platform called "Fairplay". End-to-end online music licensing is a no-brainer. Kimani advises on benchmark offerings in the NFT ecosystem, including NFT hacks for popular brands Amar Chitra Katha and Tinkle.

On Instagram Live with Us, Kimani spoke about all of these things and more, including how she focuses on the talent experience as a key element of her organization's overall strategy and taking steps to ensure her culture is executed. People. and mental health and wellness professionals.

The author can be reached at [email protected] and Instagram.com/kabirsinghbhandari

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